TRS(SZ:300229)2021-08-27 16:00Financial Performance - The company's operating revenue for the first half of 2021 was ¥391,532,969.07, representing a 13.86% increase compared to ¥343,871,138.44 in the same period last year[28]. - The net profit attributable to shareholders of the listed company was ¥54,798,337.61, which is a 30.03% increase from ¥42,143,089.84 in the previous year[28]. - The net profit after deducting non-recurring gains and losses was ¥46,221,391.68, up 29.91% from ¥35,578,540.33 year-on-year[28]. - The total assets at the end of the reporting period reached ¥3,593,350,247.84, a 27.11% increase from ¥2,826,922,248.09 at the end of the previous year[28]. - The net assets attributable to shareholders of the listed company were ¥2,326,671,888.13, reflecting a 7.32% increase from ¥2,168,053,674.87 at the end of the previous year[28]. - The basic earnings per share decreased by 6.14% to ¥0.0764 from ¥0.0814 in the same period last year[28]. - The company reported a net cash flow from operating activities of -¥99,970,941.78, a significant decline compared to ¥10,625,416.25 in the previous year, marking a decrease of 1,040.87%[28]. - The weighted average return on net assets was 2.43%, slightly up from 2.23% in the previous year[28]. - The company reported a total non-recurring gains and losses of CNY 8,576,945.93 during the reporting period[34]. - The company achieved a revenue of 391.53 million yuan, representing a year-on-year growth of 13.86%, and a growth of 46.40% when excluding the subsidiary Naitkonsai from the previous year's figures[63]. - The net profit attributable to shareholders was 54.80 million yuan, a year-on-year increase of 30.03%, while the net profit excluding non-recurring gains and losses was 46.22 million yuan, up 29.91% year-on-year[63]. - The government sector, particularly digital government services, generated revenue of 94.01 million yuan, reflecting a year-on-year growth of 49.47%[63]. - The company's security business achieved revenue of 112.56 million yuan, marking a year-on-year increase of 36.28%[63]. - The company's revenue from integrated media business reached 57.54 million yuan, a year-on-year increase of 18.34%[66]. - Revenue from enterprise digital transformation business was 127.43 million yuan, growing 68.32% compared to the same period last year[66]. - The company's overall revenue increased by 46.40% year-on-year, excluding the internet marketing business of its subsidiary[67]. - The average growth rate of the core business, excluding internet marketing and real estate, was 17.76% over the last 11 quarters, with a recent average growth rate of 27.47% in the last five quarters post-pandemic[67]. - R&D investment amounted to 105.99 million yuan, a year-on-year increase of 33.99%[67]. - The revenue from cloud and data services reached 143.89 million yuan, a year-on-year increase of 20.59%, accounting for 36.75% of total revenue[68]. Business Strategy and Focus - The company focuses on artificial intelligence, big data, and cloud computing technologies as the core support for its business[41]. - The company’s main products include TRS DL-CKM AI technology platform and TRS Hybase big data management system, among others[46]. - The company has developed a semantic intelligence technology that is a leader in the field of natural language processing (NLP)[38]. - The company’s business model includes private cloud, hybrid cloud, and public cloud delivery modes[41]. - The company is a leading provider of data security services in China, focusing on digital transformation across various sectors[38]. - The company has a strong research and application foundation in semantic intelligence and knowledge graph technologies[38]. - The company has established its own data and knowledge assets, including media, public opinion, and risk control knowledge bases[46]. - The company is focused on core technology R&D, with funds from convertible bonds aimed at enhancing its technological product advantages[63]. - The company maintains a leading position in several niche markets, including internet governance and financial regulatory technology, with over 8,000 institutional users[62]. - The company has established applications in five major state-owned banks, three policy banks, and approximately 200 local financial regulatory departments, indicating a broad user base[53]. - The company has developed various products for digital transformation, including intelligent customer service robots and digital marketing platforms, catering to large and medium-sized enterprises in sectors like energy and manufacturing[54]. - The company is developing new technologies such as federated learning and multi-party secure computing to enhance data security capabilities[87]. - The company is leveraging national planning and strategic deployment to strengthen growth trends in key areas such as digital government and media integration[87]. Market and Industry Insights - The software industry in China achieved a total revenue of 441.98 billion yuan in the first half of the year, with a year-on-year growth of 23.2%[70]. - The total profit of the software industry reached 499.9 billion yuan, growing 13.6% year-on-year[72]. - The big data industry in China reached a scale of 638.8 billion yuan in 2020, with an expected annual growth rate of over 15% for the next three years[79]. - The artificial intelligence core industry size reached 77 billion yuan by mid-2020, with expectations for further growth in application commercialization[78]. - The data security industry is projected to exceed 250 billion yuan by 2023, with a compound annual growth rate (CAGR) of over 15%[83]. - The implementation of the Data Security Law is expected to create new market opportunities for the data security industry, emphasizing the need for a robust data security governance system[84]. - The network security industry is defined as an emerging digital industry, serving as a foundational guarantee for building a strong manufacturing and network nation[83]. Risks and Challenges - The company faces risks related to large accounts receivable due to long payment cycles from government and large enterprise clients, but maintains a high recovery assurance[155]. - Seasonal fluctuations in revenue and profit are expected, with a concentration of sales in the second half of the year due to client purchasing patterns[156]. - The company has conducted significant asset restructuring and multiple equity acquisitions, resulting in a large amount of goodwill, which requires annual impairment testing[157]. - The company is aware of the potential risk of goodwill impairment and has conducted tests reflecting the current value of each acquisition project[157]. - The company recognizes the risk of not meeting expected returns from its operations, which could affect its ability to repay convertible bond principal and interest[160]. - The ongoing COVID-19 pandemic presents uncertainties that could negatively impact the company's operations and project timelines, prompting a focus on financial management and cost control[161]. - The company plans to leverage experiences from 2020 to ensure stable cash flow and maintain healthy operational indicators amid pandemic risks[161]. Corporate Governance and Social Responsibility - The company does not plan to distribute cash dividends or issue bonus shares for the half-year period[167]. - There were no changes in the company's board of directors, supervisors, or senior management during the reporting period[166]. - The company engaged in social responsibility activities, providing support to 29 disabled individuals in Guangxi province as part of its community outreach efforts[173]. - The company signed a profit compensation agreement with the shareholders of Guangzhou Keyun Big Data Technology Co., Ltd., with net profit commitments of no less than RMB 12.6 million, RMB 15.8 million, and RMB 18.85 million for the years 2018, 2019, and 2020 respectively[177]. - As of the end of the reporting period, all parties involved in the profit commitments have complied with their obligations, and the company completed the repurchase and cancellation of the compensation shares on August 10, 2021[177]. - The company reported no non-operating fund occupation by controlling shareholders or related parties during the reporting period[178]. - There were no violations regarding external guarantees during the reporting period[179]. - The semi-annual financial report was not audited[181]. - The company did not experience any major litigation or arbitration matters during the reporting period[183]. - There were no significant related party transactions during the reporting period[184]. - The company reported no major contracts or leasing situations during the reporting period[192]. - The total approved external guarantee amount at the end of the reporting period was RMB 6,000,000, with an actual guarantee balance of RMB 3,587,000, representing 1.54% of the company's net assets[194]. - The company did not provide any guarantees to related parties during the reporting period[196].