*ST三盛(300282) - 2021 Q2 - 季度财报

Financial Performance - The company's operating revenue for the first half of 2021 was CNY 173,543,904.91, representing a 34.79% increase compared to CNY 128,750,909.36 in the same period last year[21]. - The net profit attributable to shareholders was CNY -25,970,948.70, a decline of 147.36% from CNY -10,499,316.87 in the previous year[21]. - The net cash flow from operating activities reached CNY 183,462,821.02, a significant increase of 1670.07% compared to CNY -11,684,998.08 in the same period last year[21]. - The company's consolidated revenue for the reporting period was 173.54 million, representing a year-on-year increase of 34.79%[33]. - The net profit for the period was a loss of 25.97 million, primarily due to operating losses in the smart education segment[33]. - The basic earnings per share were CNY -0.0694, a decrease of 146.98% from CNY -0.0281 in the same period last year[21]. - The diluted earnings per share also stood at CNY -0.0694, reflecting the same percentage decrease as the basic earnings per share[21]. - The weighted average return on net assets was -1.50%, down from -0.42% in the previous year[21]. - The company reported a total comprehensive loss of CNY 21,022,591.06 for the first half of 2021, compared to a comprehensive loss of CNY 8,574,064.59 in the first half of 2020[139]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 2,015,808,290.96, reflecting a 2.23% increase from CNY 1,971,924,850.84 at the end of the previous year[21]. - The net assets attributable to shareholders decreased by 1.57% to CNY 1,719,737,441.17 from CNY 1,747,238,886.72 at the end of the previous year[21]. - The company's total liabilities increased to CNY 265,868,520.14 in the first half of 2021 from CNY 170,106,480.86 in the same period last year, representing a rise of approximately 56%[136]. - The company's total equity as of June 30, 2021, was CNY 1,659,042,889.14, down from CNY 1,672,795,438.13 at the end of 2020, reflecting a decrease of approximately 0.8%[136]. - The total liabilities of the company at the end of the reporting period were approximately ¥6,646 million, compared to ¥6,558 million in the previous period, indicating an increase of about 1.34%[156]. Cash Flow - The company reported a significant increase in cash flow from operating activities, reaching 183.46 million yuan, a 1670.07% increase year-on-year, primarily due to increased procurement and inventory[38]. - The cash and cash equivalents increased by 159.06 million yuan, a 1488.14% increase year-on-year, attributed to increased procurement and debt repayment[38]. - The cash inflow from operating activities totaled CNY 407,650,492.15, compared to CNY 201,985,184.16 in the same period last year, reflecting a 101.9% increase[145]. - The cash flow from financing activities was significantly impacted by debt repayment of ¥400,000,000.00[149]. - The cash and cash equivalents at the end of the period were ¥44,703,734.66, down from ¥145,718,181.36 at the end of the first half of 2020[149]. Research and Development - Research and development investment decreased by 28.58% to 17.30 million yuan, indicating a reduction in focus on R&D during the reporting period[37]. - Research and development expenses for the first half of 2021 were CNY 15,781,494.43, compared to CNY 13,209,849.74 in the first half of 2020, indicating an increase of about 19%[137]. - The company plans to strengthen R&D investment to continuously launch better-performing and more competitively priced educational solutions[65]. Market and Business Strategy - The smart education service segment has served over 3,000 schools, covering approximately 7.5 million students annually[28]. - The company operates 15 international course centers across the country, offering a standardized "whole-person education system curriculum"[28]. - The smart education service industry is transitioning towards "Internet + education" models, increasing the demand for software and technology capabilities[31]. - The company is exploring potential mergers and acquisitions to strengthen its market position and diversify its offerings[156]. - The company plans to focus on expanding its market presence and developing new technologies in the upcoming quarters[156]. Corporate Governance and Compliance - The company plans not to distribute cash dividends or issue bonus shares[5]. - The report highlights the company's commitment to risk awareness and management strategies in its operations[4]. - The company has made performance commitments for the years 2021 to 2025, with net profit targets of RMB 12.3 million, RMB 16.1 million, RMB 20.7 million, RMB 26.7 million, and RMB 34.2 million respectively[81]. - The company confirmed that there were no significant changes in the measurement attributes of its main assets during the reporting period[47]. - The company did not engage in derivative investments during the reporting period[57]. Legal and Regulatory Matters - The company reported a total litigation amount of 1,413.27 million yuan related to patent infringement and other disputes[89]. - The company has ongoing litigation regarding a claim for 7,267.37 million yuan against Shandong Sanpin Education Technology Co., Ltd., with the arbitration ruling largely supporting the company's request[88]. - The company has not experienced any bankruptcy reorganization during the reporting period[86]. - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[83]. Shareholder and Equity Matters - The company signed a share repurchase agreement with Wang Jing, agreeing to repurchase 2 million shares at the investment cost plus an annual interest of 12%[105]. - The total number of shares before the recent changes was 374,306,455, with 696,794 shares subject to restrictions[110]. - The company’s shareholding structure includes 99.81% of unrestricted shares held by domestic investors[110]. - The company reported a total of 112,500 newly restricted shares due to changes in the holdings of directors and executives[113].