JIT(SZ:003029)2023-08-29 16:00Financial Performance - The company achieved operating revenue of 262 million yuan, an increase of 22.45% year-on-year[2]. - The company's operating revenue for the reporting period was ¥261,930,750.26, representing a 22.45% increase compared to ¥213,901,864.59 in the same period last year[25]. - In the first half of 2023, the company achieved operating revenue of 262 million yuan, representing a year-on-year growth of 22.45%[49]. - The net profit attributable to shareholders of the listed company was -32.15 million yuan, with increased investment in talent acquisition, business expansion, product R&D, and technological innovation[4]. - The net profit attributable to shareholders was -¥32,148,299.64, a decline of 24.87% from -¥25,745,434.97 in the previous year[25]. - The company reported a net loss attributable to shareholders of the parent company was CNY 32,148,299.64, worsening from a loss of CNY 25,745,434.97 in the first half of 2022[180]. - The total profit for the period was -CNY 24,133,529.07, compared to -CNY 20,571,349.63 in the previous year[179]. - The comprehensive income for the current period shows a total loss of CNY 32,148,299.64, contributing to a reduction in total equity[192]. Revenue Breakdown - Revenue from the network security product business was 161 million yuan, with a year-on-year increase of 4.26%[49]. - Revenue from network security services reached 72.79 million yuan, showing a year-on-year growth of 39.88%[49]. - The network security ecosystem business generated revenue of 280.87 million yuan, marking a significant year-on-year increase of 279.16%[49]. - Revenue growth in East China, South China, and Northwest regions exceeded 10 million yuan compared to the same period last year[3]. Investment and R&D - The company has established two R&D centers and a provincial-level enterprise technology center, enhancing its technical research capabilities[40]. - Research and development expenses rose by 18.40% to ¥57,944,839.66, reflecting the company's ongoing commitment to increasing R&D investment[51]. - The company is focusing on the development of network security services and ecological business, driven by policy support for the Xinchuang industry[2]. - The company has developed a privacy computing platform using advanced technologies such as multi-party secure computing and federated learning, which has passed relevant testing[34]. - The company is committed to optimizing its talent structure by attracting skilled professionals from leading digital economy firms[36]. Cash Flow and Financial Stability - The net cash flow from operating activities was -¥170,407,842.61, which is a 75.45% decrease compared to -¥97,123,658.46 in the same period last year[25]. - The company reported a net cash outflow from investing activities of -329,789,864.43 yuan, a substantial increase from -39,212,622.14 yuan in the first half of 2022, reflecting a decline of about 740%[185]. - Cash and cash equivalents at the end of the period were 576,376,875.83 yuan, down from 1,051,605,946.65 yuan at the end of the first half of 2022, indicating a decrease of approximately 45%[185]. - The total current assets decreased from 1,573,191,441.93 CNY to 1,167,648,843.34 CNY, a reduction of about 25.7%[171]. Strategic Initiatives - The company plans not to distribute cash dividends, issue bonus shares, or increase share capital from reserves[7]. - The overall market strategy includes a combination of direct sales and channel partnerships, with a focus on expanding into the government and financial sectors[36]. - The company is actively expanding its market presence, focusing on digital government and national defense security sectors[44]. - The company signed a cooperation agreement with Huawei Cloud to expand its cloud security services and has successfully secured multiple government cloud project contracts[36]. Governance and Compliance - The company has experienced changes in its board of directors and management, with several key personnel leaving their positions as of April 24, 2023[95]. - The company has committed to maintaining transparency and accountability in its management practices to protect shareholder interests[115]. - The company has established a compensation fund for investors to address measurable economic losses[111]. - The company will ensure compliance with legal requirements and regulations regarding the repurchase of restricted shares[111]. Market Risks and Challenges - The company faces risks related to industry policies and technology innovation, which could affect its operations if government support changes[87]. - The company faces potential adverse impacts on future competitiveness if its investment direction deviates or innovation outcomes do not meet expectations[89]. - The company has a concentrated customer base in government, military, energy, finance, and telecommunications sectors, which influences its sales strategy[90]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 15,442[158]. - The largest shareholder, Jilin Province Bowei Industrial Co., Ltd., holds 20,937,500 shares, accounting for 11.24% of total shares[158]. - The company approved the repurchase of 1,870,700 restricted stocks, accounting for 1.0039% of the total share capital, involving 241 individuals[99].