JYKJ(SZ:300242)2023-08-29 16:00Financial Performance - The company's operating revenue for the first half of 2023 was ¥406,802,068.06, a decrease of 61.88% compared to ¥1,067,271,238.37 in the same period last year[20]. - The net loss attributable to shareholders for the first half of 2023 was ¥43,348,935.31, representing a 100.82% increase in losses compared to ¥21,585,455.15 in the previous year[20]. - The net cash flow from operating activities decreased by 69.72%, amounting to ¥114,546,231.90, down from ¥378,239,158.46 in the same period last year[20]. - The basic and diluted earnings per share for the first half of 2023 were both -¥0.0683, a decline of 100.88% from -¥0.0340 in the previous year[20]. - Total assets at the end of the reporting period were ¥654,328,673.93, a decrease of 10.36% from ¥729,912,621.89 at the end of the previous year[20]. - The net assets attributable to shareholders decreased by 7.92%, totaling ¥453,411,818.19 compared to ¥492,404,819.15 at the end of the previous year[20]. - The company reported a significant increase in non-operating losses, with a total of ¥45,030,955.39 in net profit excluding non-recurring gains and losses, a 61.35% increase from the previous year[20]. - The weighted average return on net assets was -9.17%, a decline of 4.65% compared to -4.52% in the previous year[20]. Business Operations - The company has not disclosed any new product developments or market expansion strategies in the report[20]. - The company is focusing on diversifying its business into beauty, skincare, and game development while enhancing its internet marketing services[30][32]. - The company has established a core technology R&D and big data analysis team, developing innovative platforms such as the advertising intelligent testing system and advertising optimization system, significantly enhancing marketing efficiency[44]. - The company has maintained strong partnerships with major clients, including Samsung, Huawei, and Baidu, while expanding its client base to include Meituan and VIPS[42]. - The company has developed 48 SKUs for its beauty brand "Qiran," with a total of 102 offline stores established across multiple provinces[31][32]. Market Trends - The internet advertising market in China reached CNY 146.22 billion in Q1 2023, with a year-on-year growth of 2.3%, and is expected to reach CNY 305.56 billion in the first half of 2023, growing by 5.2%[28]. - As of June 2023, the monthly active users of mobile internet reached 1.213 billion, with a stable growth rate of 2%-2.5%[28]. Financial Management - The company plans not to distribute cash dividends or issue bonus shares[4]. - The company has reduced R&D expenses by 66.40% to ¥7,294,453.63 from ¥21,707,980.81 in the previous year, primarily due to the contraction in the internet marketing business[46]. - The company has a significant reduction in financial expenses by 87.87%, amounting to ¥896,944.43 compared to ¥7,396,159.29 in the previous year, due to decreased bank borrowings[46]. - The company reported a net increase in cash and cash equivalents of 146.18%, reaching ¥53,607,360.69 compared to ¥21,775,564.60 in the previous year[46]. Risks and Challenges - The company faces risks from intensified market competition and macroeconomic fluctuations, which could impact profitability[67]. - The company is focusing on optimizing its business and enhancing capabilities in high-growth segments of the internet marketing industry[67]. - The company is facing significant challenges in indirect financing due to a cash outflow state since Q4 2021, primarily affected by major shareholder credit risk events[70]. Corporate Governance - The company emphasizes the importance of protecting shareholder rights and maintaining transparent communication through various channels[81]. - The company is committed to improving its corporate governance structure and internal control systems to mitigate governance risks[82]. - There were no instances of non-operating fund occupation by controlling shareholders or related parties during the reporting period[85]. - The company has not engaged in any violations regarding external guarantees during the reporting period[86]. Legal Matters - The company is involved in significant litigation with a total amount of 1,851.74 million CNY, which has not formed a provision[89]. - The company has ongoing litigation related to advertising contracts, with amounts involved being 1,054.87 million CNY and 982.71 million CNY, both in enforcement stages[90]. - The total amount involved in other litigation matters is 2,973.04 million CNY, with a provision of 597.06 million CNY recognized[91]. Shareholder Information - The total number of shares is 634,555,224, with 98.86% being unrestricted shares[113]. - The company has not implemented any share buyback plans during the reporting period[113]. - There were no changes in shareholding structure during the reporting period[113]. - The company reported a total of 29,486 common shareholders at the end of the reporting period[114]. Future Outlook - The company aims to enhance its market expansion strategies and product development in the upcoming quarters, focusing on innovation and technology advancements to improve financial performance[136]. - The management provided a positive outlook for the remainder of 2023, expecting continued growth in revenue and profitability[156]. - The company plans to expand its market presence and invest in new product development to drive future growth[152]. - The company is exploring potential mergers and acquisitions to enhance its market position and capabilities[152].