VTRON(SZ:002308)2021-08-29 16:00Financial Performance - The company's operating revenue for the first half of 2021 was ¥284,341,336.06, representing a 31.35% increase compared to ¥216,476,579.42 in the same period last year[20]. - The net profit attributable to shareholders of the listed company was ¥8,883,870.62, a significant decrease of 96.82% from ¥279,716,934.89 in the previous year[20]. - The basic earnings per share decreased to ¥0.01, down 96.77% from ¥0.31 in the same period last year[20]. - The weighted average return on net assets was 0.38%, a decrease of 11.04% compared to 11.42% in the previous year[20]. - The company reported a significant improvement in the net profit after deducting non-recurring gains and losses, which was -¥1,979,467.70, a 90.57% improvement from -¥20,993,452.98 in the previous year[20]. - The company reported a total comprehensive income of CNY 8,445,628.36 for the first half of 2021, down from CNY 275,354,885.66 in the previous year[132]. - The total comprehensive income for the period was -24,681,390.42 CNY, compared to 202,708,939.61 CNY in the previous period[138]. Cash Flow and Investments - The net cash flow from operating activities improved to -¥22,871,620.51, a 90.96% increase compared to -¥252,868,573.71 in the same period last year[20]. - Investment activities generated a net cash flow of -¥459,994,423.99, a decrease of 138.66% compared to the previous year's net cash inflow of ¥1,189,917,424.50[41]. - The net cash flow from investing activities was -459,994,423.99 CNY, a significant decrease from 1,189,917,424.50 CNY in the previous year[138]. - Cash outflow from investing activities totaled 1,024,050,768.95 CNY, compared to 951,826,890.98 CNY in the previous period[138]. - The company received 294,553,412.40 CNY from sales of goods and services, an increase from 248,104,547.75 CNY in the previous year[136]. Assets and Liabilities - The total assets at the end of the reporting period were ¥2,728,637,409.96, reflecting a 4.08% increase from ¥2,621,686,710.81 at the end of the previous year[20]. - The company's total liabilities increased to CNY 284,948,726.18 from CNY 130,653,301.25, marking a rise of 118.5%[131]. - Total liabilities decreased to CNY 399,264,984.05 from CNY 280,032,286.21, an increase of approximately 42.6%[124]. - Long-term liabilities increased significantly to CNY 218,904,360.07 from CNY 14,931,182.82, reflecting a growth of approximately 1,365.5%[124]. - The company's equity attributable to shareholders increased slightly to CNY 2,328,983,040.17 from CNY 2,320,159,289.60, a growth of about 0.4%[124]. Business Operations and Strategy - The company maintains a leading position in the DLP, COB-LED, and ultra-high-definition visualization application markets, with strong demand for control products and significant growth potential in the visualization application sector[30]. - The company launched AM (Active-matrix) products in the display segment, enhancing market competitiveness, and introduced distributed control products with improved application functionalities[30]. - The children's growth platform business continues to develop steadily, focusing on integrated solutions for kindergartens, including site selection, management, and quality evaluation services[31]. - The company is exploring new business directions in early childhood education, including childcare and early education institutions, in response to the "three-child" policy[37]. - The company aims to create a vibrant early childhood education ecosystem by optimizing organizational structure and resource allocation in response to new challenges and opportunities[38]. Research and Development - The company has filed 4 new invention patents and received 25 authorized invention patents and 2 design patents during the reporting period, enhancing its intellectual property portfolio[33]. - The company’s R&D expenditure was ¥35,604,668.11, a decrease of 7.53% from ¥38,503,316.52, indicating stable investment in innovation[41]. Shareholder and Equity Information - The total number of shares is 906,214,651, with 99.98% being unrestricted shares[103]. - The largest shareholder, Taizhou Zhongshu Weike Equity Investment Partnership, holds 24.22% of shares, totaling 219,502,109 shares[109]. - The company has not conducted any repurchase transactions among the top 10 common shareholders during the reporting period[110]. - The total number of common shareholders at the end of the reporting period is 41,957[108]. Legal and Compliance - The company is involved in arbitration related to the transfer of equity in Beijing Ke'er Education Technology Co., Ltd., with a claim amount of 20 million yuan, which has been revoked and does not impact operations[82]. - The company is also involved in a lawsuit concerning equity disputes with Wang Hongbing, with a claim amount of approximately 5.49 million yuan, which is currently pending[82]. - The company has not reported any new equity instruments or capital reductions during the current period[161]. Environmental and Social Responsibility - The company does not belong to the key pollutant discharge units and has not faced any administrative penalties for environmental issues during the reporting period[73]. - The company and its controlling shareholders have maintained a good integrity status during the reporting period[84].