NEW JCM(SZ:300157)2021-06-16 16:00Financial Performance - The company's operating revenue for the reporting period was ¥290,721,725.48, a decrease of 50.37% compared to ¥585,783,477.76 in the same period last year[30]. - The net profit attributable to shareholders of the listed company was -¥102,116,556.40, representing a decline of 111.93% from -¥48,183,752.47 in the previous year[30]. - The net cash flow from operating activities was ¥115,314,219.69, a significant improvement of 152.59% compared to -¥219,271,870.66 in the same period last year[30]. - The total assets at the end of the reporting period were ¥4,234,407,403.30, down 7.04% from ¥4,555,030,571.32 at the end of the previous year[30]. - The net assets attributable to shareholders of the listed company decreased by 4.16% to ¥2,110,177,222.54 from ¥2,201,678,818.19 at the end of the previous year[30]. - The basic earnings per share for the reporting period was -¥0.14, a 100% decline from -¥0.07 in the same period last year[30]. - The diluted earnings per share also stood at -¥0.14, reflecting the same percentage decline as the basic earnings per share[30]. - The weighted average return on net assets was -4.75%, a decrease of 3.28% compared to -1.47% in the previous year[30]. - The company reported a total profit of -95.12 million yuan, representing a decline of 142.79% year-on-year[102]. - The total liabilities were 1.76 billion yuan, with a debt-to-asset ratio of 41.48%, down 1.74 percentage points from the end of the previous year[102]. Business Strategy and Development - The company has completed acquisitions of several key companies, including Langfang New Saipu and Xian Aohua, to build a comprehensive energy service company with a relatively complete industrial chain[9]. - The company is actively involved in managing funds established for investments, which may have long investment cycles and uncertain returns[13]. - The company is exploring potential mergers and acquisitions to strengthen its market position and diversify its product offerings[58]. - The company aims to optimize its industrial structure and enhance overall profitability through financial means and strategic adjustments[141]. - The company is focused on talent retention and development, emphasizing the importance of skilled personnel in the energy exploration and development sector[137]. Research and Development - The company has established a post-doctoral workstation and an academician expert workstation to cultivate high-quality technical and management talent, ensuring a positive talent management cycle[7]. - The company reported a 30% increase in R&D investment, focusing on innovative solutions for oil and gas exploration[57]. - The company is investing heavily in R&D, with a budget increase of 30% for the development of advanced seismic data processing technologies[62]. - The company has made significant advancements in its research and development, particularly in the field of oil and gas exploration technologies, as evidenced by its patent filings[89]. - The company is focusing on expanding its patent portfolio, with a total of 18 authorized patents in various innovative technologies[96]. Market Conditions and Risks - The international oil price has shown significant volatility, with WTI and Brent prices around $66 and $74 per barrel, respectively, before a sharp decline in March 2020 due to OPEC+ negotiations collapsing[5]. - The company has acknowledged the potential impact of external factors such as political and economic changes on its operations[15]. - The company faces challenges in attracting and retaining high-quality technical personnel due to the industry's complexity and high demand for expertise[6]. - The company recognizes the risk of goodwill impairment due to significant goodwill generated from acquisitions since its listing in 2011, which requires annual impairment testing[138]. - There is a risk of intellectual property infringement, particularly concerning proprietary technologies developed by the company[137]. Software and Technology - The company operates in high-tech energy services, focusing on software development, cloud computing, and high-end equipment manufacturing[38]. - The company has developed over 20 sets of oil and gas exploration and development software products, achieving a leading position in domestic and international markets[54]. - The company has a complete data processing software system with independent intellectual property rights, including advanced seismic data processing tools[44]. - The company is actively developing VR/AR technologies to enhance its software offerings and create new business opportunities in the energy sector[48]. - The software copyrights held by Hengtai Aipu Group cover various applications, including gas field development and production diagnosis systems, enhancing operational efficiency[77]. Shareholder Structure - The total number of common shareholders at the end of the reporting period is 29,905[195]. - The largest shareholder, Yinchuan Zhongneng New Finance Technology Co., Ltd., holds 10.67% of shares, totaling 76,000,000 shares, which are pledged[196]. - The top ten shareholders do not include any strategic investors or general corporations due to no new share placements[197]. - There were no changes in the controlling shareholder or actual controller during the reporting period[198]. - The company has maintained consistent shareholder agreements to coordinate voting rights among major shareholders[197].