Huijin(SZ:300368)2021-08-24 16:00Financial Performance - The company's operating revenue for the current period is ¥847,003,600.18, representing a 46.82% increase compared to ¥576,893,440.46 in the same period last year[28]. - The net profit attributable to shareholders for the current period is ¥12,161,107.96, a decrease of 36.40% from ¥19,120,607.03 in the previous year[28]. - The net profit after deducting non-recurring gains and losses is ¥10,587,070.82, down 33.80% from ¥15,992,518.87 year-on-year[28]. - The net cash flow from operating activities improved to -¥85,225,147.68, a 59.19% increase compared to -¥208,822,111.87 in the same period last year[28]. - Total assets at the end of the reporting period are ¥3,986,100,128.17, reflecting a 12.67% increase from ¥3,537,860,713.77 at the end of the previous year[29]. - The net assets attributable to shareholders decreased by 2.63% to ¥890,458,027.10 from ¥914,493,359.58 at the end of the previous year[29]. - The company achieved total revenue of 847.00 million yuan, a year-on-year increase of 46.82%[44]. - The gross margin for the information system integration and data center business decreased by 7.51% compared to the previous year[45]. - Operating costs increased by 53.00% to ¥690,852,736.93 from ¥451,542,141.16, primarily due to the rise in revenue[62]. - Research and development expenses rose by 47.62% to ¥12,458,055.59, up from ¥8,439,330.68, reflecting increased investment in technology and intellectual property[63]. Business Strategy and Expansion - The company is actively expanding into new business areas such as intelligent manufacturing, data centers, and supply chain management, but there is uncertainty regarding market acceptance and industry understanding[7]. - The company is focusing on expanding its non-banking business areas, including new retail self-service terminals and government self-service terminals[37]. - The company aims to extend its manufacturing business from banking solutions to intelligent hardware and software solutions for non-banking sectors[41]. - The company is focusing on expanding its intelligent self-service terminal products into over 20 industries, including retail, healthcare, and government services[41]. - The company plans to enhance its research and development efforts in cutting-edge information technology to improve product competitiveness[41]. - The company aims to transition from subcontractor to general contractor in the data center construction sector, leveraging its extensive experience and resources[54]. - The company is committed to expanding its market presence through strategic partnerships and equity investments in technology firms[84]. Research and Development - The company has achieved significant R&D results, with many protected by patents and software copyrights, but risks remain regarding potential technology leaks and loss of core technical personnel[9]. - The company holds 308 patents, including 65 invention patents, 202 utility model patents, and 41 design patents as of June 30, 2021[49]. - The company has made significant investments in technology research and development to support its expansion into new markets and product offerings[36]. - The company is increasing R&D investment to enhance product lines, improve production processes, and reduce costs to boost market competitiveness[100]. - The company has established several innovation platforms to support its R&D initiatives[46]. Financial Management and Investments - The company plans not to distribute cash dividends, issue bonus shares, or increase share capital from reserves[10]. - The company has not utilized any fundraising during the reporting period, indicating a focus on internal funding sources[88]. - The company has a diversified investment strategy, holding 15.79% equity in a partnership and 28.98% in other equity holdings[85]. - The company reported a total of 84.9 million yuan in cumulative investment returns from its financial assets[87]. - The company is focusing on long-term investments, with a significant portion of its capital allocated to equity stakes in various technology firms[84]. Risks and Challenges - The company's goodwill on the consolidated balance sheet is valued at 352.1249 million yuan, indicating a risk of impairment if the integration of acquired companies is not effective or if market competition intensifies[6]. - The company has experienced a decline in the gross margin of some products due to increased market competition, particularly in cash-related equipment, which may lead to a risk of business downturn[7]. - The company faces risks in new business areas due to the rapid development of financial technology, leading to a decline in demand for cash-related products and a decrease in gross margins for some products[100]. - The company aims to optimize internal control processes and organizational structure to mitigate goodwill impairment risks[99]. Related Party Transactions - The company engaged in related party transactions, including a loan of 171.33 million yuan at an interest rate of 5.13%[164]. - Another related party transaction involved a loan of 1,784.0 million yuan at an interest rate of 6.5%[165]. - The company confirmed a related party transaction for financing leasing services amounting to 1,600 million yuan[165]. - The company maintains a focus on independent pricing principles in its related party transactions[164]. Legal and Compliance - The company has no significant litigation or arbitration matters during the reporting period[159]. - There are no non-operating fund occupations by controlling shareholders or related parties during the reporting period[155]. - The company has committed to ensuring the independence of its financial personnel and management structure, with ongoing compliance since March 21, 2019[121]. - The company guarantees the independence of its assets and financial operations, ensuring no illegal occupation of funds or assets by other enterprises[123].