兆日科技(300333) - 2020 Q2 - 季度财报

Financial Performance - The company's operating revenue for the first half of 2020 was ¥103,854,904.04, a decrease of 6.60% compared to ¥111,194,976.95 in the same period last year[19]. - The net profit attributable to shareholders was ¥5,858,225.41, down 37.67% from ¥9,399,258.58 year-on-year[19]. - The net profit after deducting non-recurring gains and losses was ¥1,854,959.36, a decline of 67.84% compared to ¥5,767,443.44 in the previous year[19]. - Basic earnings per share decreased to ¥0.0174, down 37.86% from ¥0.0280 in the previous year[19]. - The company reported a total profit of CNY 19,341,655.48 in the first half of 2020, compared to CNY 27,965,949.30 in the same period last year, a decrease of 30.9%[147]. - The company achieved a gross profit margin of approximately 57.3% for the first half of 2020, compared to 62.7% in the same period of 2019[145]. - The company reported a decrease in total assets by CNY 31,180,300.96 during the first half of 2020[165]. Cash Flow and Liquidity - The net cash flow from operating activities was ¥5,841,809.40, a significant improvement of 122.96% from a negative cash flow of ¥25,440,329.83 in the same period last year[19]. - The company reported a net cash flow from investment activities of CNY 14,050,193.08, a decrease of 88.6% from 122,811,221.42 CNY in the first half of 2019[154]. - Cash and cash equivalents at the end of the period were 101,405,257.62 CNY, down from 362,457,419.72 CNY at the end of the first half of 2019[155]. - The company received 1,184,438.40 CNY in tax refunds, an increase from 949,991.76 CNY in the first half of 2019[154]. - The company paid 9,809,455.73 CNY in taxes, significantly lower than 21,962,403.16 CNY in the same period last year[154]. Research and Development - The company’s R&D expenses amounted to CNY 29.46 million, accounting for 28% of total revenue, with a year-on-year increase of 36.79%[40]. - The company is undergoing a critical transformation period with significant R&D investments, which have put pressure on its performance, while management expenses have decreased[31]. - The company has developed a new public business innovation platform called "YinQitong," which integrates payment, transaction, enterprise finance, and administrative management services[34]. - The company has achieved CMMI-4 certification, indicating its advanced project management capabilities and enhancing its competitiveness in software development[27]. Assets and Liabilities - Total assets at the end of the reporting period were ¥871,219,219.98, a decrease of 1.85% from ¥887,661,901.23 at the end of the previous year[19]. - The total liabilities decreased from CNY 21,161,542.69 in the first half of 2019 to CNY 12,117,790.49 in the first half of 2020, a reduction of 42.8%[144]. - The company’s total equity as of June 30, 2020, was CNY 845,220,641.99, down from CNY 852,245,299.65, indicating a decrease of about 0.8%[140]. - The company’s inventory decreased to ¥54,858,197.53, representing 6.30% of total assets, down from 8.06% in the previous year[50]. Corporate Governance and Strategy - The board of directors confirmed that all members attended the meeting to review the report, ensuring the accuracy and completeness of the financial statements[4]. - The company plans not to distribute cash dividends or issue bonus shares[5]. - The company has not engaged in any investor communication activities during the reporting period[81]. - The financial report for the first half of 2020 was not audited, which may affect the reliability of the financial data presented[135]. Market Position and Competition - The company is positioned as a leader in the financial bill anti-counterfeiting industry, with its paper texture anti-counterfeiting technology filling a significant gap in the market[34]. - Increased competition in the traditional electronic payment password system may impact the company's performance as new products have not yet contributed significantly to profits[79]. - The company aims to maintain its leading position in the traditional invoice anti-counterfeiting industry through proactive marketing strategies[80]. Subsidiaries and Investments - The subsidiary Beijing Zhaori Technology Co., Ltd. generated a net profit of 2,227,175.69 yuan, contributing significantly to the overall net profit[76]. - The company has established a new subsidiary, Wuhan Zhaori Rongyun Technology Co., Ltd., to focus on the delivery business of the bank-enterprise communication platform[76]. - The total assets of the subsidiary Nantong Zhaori Microelectronics Co., Ltd. amounted to 36,607,675.50 yuan, with a net profit of 20,215,788.4 yuan[76]. - The company is actively expanding its overseas business and technology cooperation through its subsidiary Zhaori Investment Co., Ltd.[76]. Financial Strategy and Risk Management - The overall financial strategy emphasizes stability and risk management, with no expected impairment of entrusted financial products[71]. - The company has not encountered any major changes in project feasibility during the reporting period[64]. - The company is facing risks from industry changes and technological innovation, particularly in the B-end market of financial technology[79].