久远银海(002777) - 2021 Q2 - 季度财报

Financial Performance - The company's operating revenue for the first half of 2021 was ¥402,226,485.31, representing a 29.45% increase compared to ¥310,721,129.44 in the same period last year[25]. - The net profit attributable to shareholders of the listed company was ¥85,242,536.80, up 47.54% from ¥57,775,935.64 in the previous year[25]. - The net profit after deducting non-recurring gains and losses was ¥78,021,457.31, reflecting a 47.76% increase from ¥52,802,308.92 year-on-year[25]. - The basic earnings per share increased to ¥0.27, a 50.00% rise compared to ¥0.18 in the same period last year[25]. - The weighted average return on equity was 6.76%, up from 5.09% in the previous year, an increase of 1.67%[25]. - The gross profit margin improved, with operating profit reaching ¥94,252,325.26, up 41.64% from the previous year[66]. - The company reported a total investment income of ¥3,523,671.56, accounting for 3.71% of total profit[76]. Assets and Liabilities - The total assets at the end of the reporting period were ¥2,211,853,394.83, a slight decrease of 0.47% from ¥2,222,397,947.21 at the end of the previous year[25]. - Cash and cash equivalents at the end of the reporting period amounted to ¥408,403,493.25, representing 18.46% of total assets, a decrease of 14.39% compared to the previous year[80]. - Accounts receivable totaled ¥327,672,039.87, accounting for 14.81% of total assets, with a slight decrease of 0.33% year-over-year[80]. - Inventory increased to ¥326,053,147.96, making up 14.74% of total assets, reflecting a growth of 2.95% due to the expansion of the company's operations[80]. - Contract assets rose to ¥33,882,176.69, representing 1.53% of total assets, an increase of 0.74% attributed to projects with unfulfilled payment conditions[80]. - Current liabilities totaled ¥740,479,257.27, down from ¥795,079,165.93, indicating a reduction of about 6.9%[198]. - Total liabilities decreased to ¥807,110,914.69 from ¥852,102,698.67, showing a decline of around 5.3%[198]. Cash Flow - The net cash flow from operating activities improved significantly, with a net outflow of ¥33,808,399.09, a 65.35% reduction from a net outflow of ¥97,569,918.44 in the previous year[25]. - The company reported a net cash outflow from operating activities of ¥33,808,399.09, an improvement of 65.35% compared to the previous year[65]. - The investment activities resulted in a significant cash outflow of ¥236,744,374.65, primarily due to increased expenditures on financial products and fixed assets[65]. Market and Business Development - The company participated in the construction of new generation medical insurance information platforms in 17 provinces, winning bids in 7 provinces, including 5 new projects during the reporting period[37]. - The company has expanded its medical health information market to cover 14 provinces, providing services to over 1,000 hospitals[39]. - The company achieved a continuous increase in market share in the human resources and social security sector, winning multiple major projects including the social security centralized project in Guizhou and the employment service management system in Sichuan[42]. - The company has covered 56 cities in 17 provinces for housing provident fund management, with significant progress in cities like Chongqing and Tianjin[43]. - The company has successfully implemented the "Smart Union" project for labor unions, achieving notable progress in related industry projects[44]. - The company has developed specialized products for market supervision, winning bids for major projects including the food safety supervision system and the vaccine traceability system[45]. - The company has launched a comprehensive solution for veteran services, successfully implementing projects in Sichuan and Chengdu[46]. - The company is actively exploring new paths for urban governance and data resource system construction[48]. - The company is actively participating in the construction of a credit city, collaborating with government departments to develop the "Chengdu Jiazi Credit Score" to support the city's national social credit system[51]. Research and Development - Research and development investment increased by 27.90% to ¥91,116,379.59, reflecting the company's commitment to enhancing its technological capabilities[65]. - The company has made significant technological advancements in cloud computing, big data, artificial intelligence, and other areas, improving product quality and production efficiency[52]. - The company has established a comprehensive technology product system, including platforms for mobile application development and big data, supporting industry product development[52]. Risks and Challenges - The company faces risks from intensified market competition and the need to keep up with rapid policy changes in the public service information sector[95]. - The company faces increasing operational cost risks due to rising labor costs, which are expected to continue as average wage levels rise across society[97]. - There is a potential risk from changes in government policies affecting the livelihood information technology sector, which could impact the company's operations negatively[99]. - Rapid growth has led to management risks, as the complexity of the organizational structure increases with asset and personnel expansion[100]. - The company is facing human resource risks due to intensified competition for high-quality talent, which could affect future business development if not managed properly[100]. Corporate Governance and Social Responsibility - The company emphasizes its commitment to social responsibility and aims to improve product quality and service levels while maintaining good relationships with partners[113]. - The company emphasizes employee rights and development, adhering to labor laws and providing various benefits such as statutory holidays and performance evaluations[115]. - In 2021, the company contributed a total of 336,500 CNY towards poverty alleviation through purchasing products from impoverished regions[119]. - The company actively organizes cultural and training activities, including competitions and skill training to enhance employee morale and professional skills[116]. - The company has established a dedicated training department to provide IT, management, and psychological training for employees[116]. Shareholder Information - The largest shareholder, Sichuan Jiuyuan Investment Holding Group Co., Ltd., holds 26.29% of the shares, totaling 82,546,464 shares[171]. - The second-largest shareholder, Sichuan Science City Ruifeng Group Co., Ltd., holds 12.02% of the shares, totaling 37,755,536 shares[171]. - The total number of shareholders at the end of the reporting period was 20,169, with 5% or more shareholders being 10[171]. - The report indicates that 12,380,219 shares held by executives were unlocked during the year, with an increase of 73,770 shares due to executive purchases in the first half of the year[164]. - The company has a total of 41,855,845 restricted shares, with 35,204,095 shares released during the reporting period[170]. Miscellaneous - The company has not engaged in any significant related party transactions during the reporting period[134]. - The company has not reported any non-compliance with external guarantees during the reporting period[127]. - The financial report for the first half of 2021 was not audited[190]. - The company did not issue any preferred shares during the reporting period[183].