OIMEC(SZ:002819)2020-08-25 16:00Financial Performance - The company's operating revenue for the first half of 2020 was CNY 458,001,017.96, a decrease of 0.15% compared to CNY 458,674,265.22 in the same period last year[23]. - The net profit attributable to shareholders for the first half of 2020 was CNY 16,023,135.99, down 9.91% from CNY 17,785,067.16 in the previous year[23]. - The net profit after deducting non-recurring gains and losses was CNY 14,987,827.61, a decline of 13.62% compared to CNY 17,351,437.65 in the same period last year[23]. - Basic earnings per share decreased by 26.88% to CNY 0.1023 from CNY 0.1399 in the same period last year[23]. - The company maintained a stable business model despite the impact of the COVID-19 pandemic and U.S.-China trade disputes[55]. - The net profit of Dongke (Shanghai) Commercial Factoring Co., Ltd. increased by 47.81% year-on-year, reaching 4,114,165.78 yuan, primarily due to the growth in factoring business scale[97]. - The net profit of Oriental International Tendering Co., Ltd. decreased by 37.62% year-on-year, amounting to 4,553,288.12 yuan, mainly due to project delays caused by the pandemic[97]. - The net profit for the current period is $19,459,757, a decrease of 6.25% from $20,755,953 in the previous period[199]. - The operating profit is reported at $24,350,603, down from $26,237,683, reflecting a decline of 7.18%[199]. - The total profit amounts to $24,325,331, a decrease of 3.47% compared to $26,235,439 in the prior period[199]. - The income tax expense for the current period is $4,865,574.65, a decrease of 11.19% from $5,479,486.61[199]. Cash Flow and Assets - The net cash flow from operating activities improved significantly to CNY 7,218,735.42, compared to a negative cash flow of CNY -7,307,873.45 in the previous year, representing a 196.62% increase[23]. - Cash and cash equivalents at the end of the reporting period amounted to CNY 209,547,337.28, representing 20.96% of total assets, an increase of 7.11% year-on-year[67]. - The company's trading financial assets decreased by 61.26% to CNY 7,006,250.45 due to the maturity of bank structured deposits[49]. - Prepaid accounts increased by 42.28% to CNY 45,916,485.03, primarily due to an increase in prepayments for integration business[49]. - The company's total assets as of June 30, 2020, amounted to RMB 999,643,551.80, a decrease from RMB 1,024,091,293.70 at the end of 2019, reflecting a decline of approximately 2.4%[177][180]. - Current assets totaled RMB 944,064,662.51, down from RMB 963,035,995.15, indicating a decrease of about 1.9%[180]. - Total liabilities were RMB 418,294,474.21, down from RMB 449,601,973.11, reflecting a decrease of approximately 7%[183]. - Short-term borrowings decreased to RMB 31,219,662.83 from RMB 39,401,614.77, a reduction of about 20.8%[182]. Revenue Breakdown - Instrument sales revenue decreased by 3.93% year-on-year, totaling CNY 374,816,454.02, accounting for 81.84% of total revenue[58]. - Instrument leasing revenue grew by 42.81% year-on-year, reaching CNY 33,475,862.74, representing 7.31% of total revenue[58]. - System integration revenue increased by 57.17% year-on-year, amounting to CNY 15,052,043.31, which is 3.29% of total revenue[58]. - Factoring business revenue rose by 34.55% year-on-year, totaling CNY 22,082,312.44, making up 4.82% of total revenue[58]. - Tender business revenue decreased by 34.19% year-on-year, amounting to CNY 12,574,345.45, which is 2.75% of total revenue[58]. Investments and R&D - The company has invested in R&D to support high-tech industries such as 5G and new energy vehicles, improving revenue and profitability[35]. - Research and development investment decreased by 12.92% year-on-year, amounting to CNY 12,862,841.31[58]. - The company plans to focus on market expansion and new product development in the upcoming quarters to drive growth[196]. Strategic Initiatives - The company operates a comprehensive service model in the electronic testing and measurement field, focusing on instrument sales, leasing, system integration, and financial services[35]. - The company has established partnerships with nearly 20 instrument brands and offers over 3,000 models, catering to various industries including electronics, telecommunications, and aerospace[35]. - The company has expanded its leasing business to meet customer needs, providing flexible solutions that help reduce costs and mitigate technical risks[39]. - The company has a nationwide marketing network with branches in over 30 major cities, enhancing its ability to respond quickly to customer demands[35]. - The company emphasizes localized service support through professional teams to ensure effective execution of its one-stop service model[35]. - The company has adopted a multi-brand and multi-product strategy to strengthen its market position and service quality[35]. Shareholder Information - The total number of shares before the change was 157,538,236, with no new shares issued or repurchased[142]. - The largest shareholder, Oriental Keyi Holdings Group Co., Ltd., holds 30.75% of the shares, totaling 48,440,410 shares[152]. - The second-largest shareholder, Dalian Financial Industry Investment Group Co., Ltd., holds 23.85% of the shares, totaling 37,570,000 shares[152]. - The total number of shareholders at the end of the reporting period was 15,821[148]. Miscellaneous - The company plans not to distribute cash dividends or issue bonus shares for the reporting period[7]. - The company has not encountered any major changes in project feasibility or issues with the use of raised funds[84]. - The company did not report any violations regarding external guarantees during the reporting period[128]. - The company has not initiated any significant environmental protection issues and is not classified as a key pollutant discharge unit[133].