XGD(SZ:300130)2021-08-17 16:00Financial Performance - The company's operating revenue for the first half of 2021 was CNY 1,610,906,162.85, representing a 34.43% increase compared to CNY 1,198,341,003.71 in the same period last year[27]. - The net profit attributable to shareholders of the listed company was CNY 93,140,131.64, a decrease of 25.70% from CNY 125,358,659.79 in the previous year[27]. - The net profit after deducting non-recurring gains and losses was CNY 58,761,555.15, down 36.04% from CNY 91,866,260.35 in the same period last year[27]. - The net cash flow from operating activities was CNY 26,677,105.59, a significant decline of 82.17% compared to CNY 149,583,077.13 in the previous year[27]. - The total assets at the end of the reporting period were CNY 3,690,187,960.50, an increase of 9.30% from CNY 3,376,142,629.91 at the end of the previous year[27]. - The net assets attributable to shareholders of the listed company were CNY 2,404,921,823.96, a slight decrease of 0.90% from CNY 2,426,729,873.74 at the end of the previous year[27]. - The basic earnings per share were CNY 0.19, down 26.92% from CNY 0.26 in the same period last year[27]. - The diluted earnings per share were also CNY 0.19, reflecting the same percentage decrease of 26.92% compared to CNY 0.26 in the previous year[27]. - The weighted average return on equity was 3.86%, down 1.26% from 5.12% in the same period last year[27]. Revenue Growth - In the first half of 2021, the company achieved operating revenue of 1.611 billion yuan, a year-on-year increase of 34.43%[39]. - The gross profit for the same period was approximately 355 million yuan, reflecting a year-on-year growth of 12.79%[39]. - The net profit attributable to shareholders was 93.14 million yuan, with significant impacts from increased R&D and sales expenses, which rose by approximately 46.79% and 30.40% respectively[39]. - The company’s subsidiary, JiaLian Payment, processed a transaction volume of approximately 814.14 billion yuan, a year-on-year increase of 40.89%[41]. - JiaLian Payment's revenue for the first half of the year was about 1.04 billion yuan, representing a year-on-year growth of 31.01%[43]. Research and Development - The company plans to continue leveraging its experience and technological advantages in the electronic payment sector to explore new opportunities around AI and big data[39]. - R&D investment accounted for about 8.97% of New Guodu Payment's total revenue, focusing on biometric recognition and digital currency payment technologies[50]. - The company's R&D investment increased by 46.79% to ¥122,528,432.49, driven by higher bonuses for R&D personnel and new product testing expenses[73]. Subsidiary Performance - New Guodu Payment achieved revenue of approximately 517 million yuan, a year-on-year increase of 49.99%, with international market sales reaching about 214 million yuan, growing approximately 113%[50]. - Zhongzheng Intelligent reported revenue of approximately 62.66 million yuan, a year-on-year increase of 49.59%, with significant contributions from fingerprint verification systems in the digital vaccination service in Zhejiang Province[54]. - Gongxin Chengfeng achieved revenue of approximately 38.71 million yuan, a year-on-year increase of 78.44%, while expanding its client base and diversifying its service offerings[56]. Market Expansion and Strategy - The company is actively developing digital RMB "hard wallet" products and has completed preliminary technical adjustments and system tests with banking institutions[57]. - New Guodu Intelligent launched "FaceMagic" and "VidAvatar" in overseas markets, accumulating over 500,000 registered users within two months[62]. - The international market for electronic payment is expected to grow significantly, with a focus on expanding overseas sales channels and providing advanced digital payment solutions[50]. - The company is enhancing its product diversity and business models in smart finance, smart security, and smart governance sectors[54]. Financial Risks and Management - The company faces regulatory risks in the electronic payment industry due to increased scrutiny and compliance requirements, which could impact its operational flexibility[105]. - Financial risks associated with mergers and acquisitions include potential misvaluation of targets and integration challenges, necessitating enhanced financial management and risk control measures[106]. - The company acknowledges the risk of slower-than-expected strategic transformation, which could affect its ability to innovate and maintain profitability[109]. Shareholder and Employee Relations - The company has not distributed cash dividends or bonus shares for the half-year period, nor has it increased capital through public reserves[121]. - The company emphasizes the protection of shareholder rights and has implemented measures to ensure equal treatment of all shareholders[134]. - The company has implemented a comprehensive employee welfare program, including annual health check-ups and various festive gifts, enhancing employee satisfaction and loyalty[138]. Environmental and Social Responsibility - The company has achieved ISO certifications for occupational health and safety, environmental management, and quality management, ensuring compliance with safety and environmental standards[139]. - The company actively engages in social responsibility initiatives, including educational support for local communities in Tibet through donations of supplies[144]. - The company has established waste management and environmental monitoring programs to reduce pollution and improve overall environmental performance[143]. Legal and Compliance - The company reported a total of 1,049.15 thousand yuan involved in minor lawsuits, with an estimated liability of 39.50 thousand yuan formed[154]. - The company has no significant litigation or arbitration matters during the reporting period[154]. - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[148].