THD(SZ:300397)2020-08-12 16:00Financial Performance - The company's operating revenue for the reporting period reached ¥702,528,937.81, representing a 97.72% increase compared to ¥355,311,109.99 in the same period last year[16]. - Net profit attributable to shareholders was ¥62,503,467.57, up 41.81% from ¥44,075,894.71 year-on-year[16]. - The net profit after deducting non-recurring gains and losses was ¥67,300,113.92, reflecting a significant increase of 109.43% compared to ¥32,134,695.97 in the previous year[16]. - The basic earnings per share rose to ¥0.14, a 40.00% increase from ¥0.10 in the same period last year[16]. - Operating profit for the first half of 2020 was ¥151,902,373.65, up 105.1% from ¥73,647,917.09 in the first half of 2019[176]. - The total comprehensive income for the first half of 2020 was a loss of approximately ¥13.57 million, compared to a loss of ¥9.57 million in the same period of 2019[183]. - The company reported a net loss of approximately 17.52 million yuan for the first half of 2020[197]. Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥2,022,326,263.13, marking a 12.74% increase from ¥1,793,803,565.27 at the end of the previous year[16]. - The total liabilities increased to ¥614,311,952.03 from ¥529,083,566.86, reflecting an increase of about 16.1%[168]. - The company's total equity rose to CNY 1,408,014,311.10 from CNY 1,264,719,998.41, indicating an increase of approximately 11.3%[169]. - The total amount of restricted assets at the end of the reporting period is CNY 65.2996 million[56]. - The total liabilities at the end of the current period were 432.00 million yuan, indicating a stable financial position[191]. Cash Flow - The net cash flow from operating activities was ¥64,035,772.56, showing a slight decrease of 3.01% compared to ¥66,020,419.65 in the previous year[16]. - The net cash flow from financing activities was ¥10.79 million in the first half of 2020, a recovery from a net outflow of ¥4.61 million in the same period of 2019[184]. - The company reported a net cash outflow from investment activities of ¥38.31 million in the first half of 2020, compared to a smaller outflow of ¥29.10 million in the same period of 2019[183]. Research and Development - The company’s research and development expenses increased by CNY 9,939,056.45, a growth of 46.00%, attributed to the acquisition of patents and the capitalization of technological achievements[29]. - R&D investment totaled 47.03 million yuan, representing a 39.04% increase year-on-year, with 41 patents applied for during the reporting period[43]. - The company is focusing on the development of big data technology and intelligent network control systems[75]. - The company will continue to enhance its research and development capabilities and collaborate with universities and research institutions to maintain technological leadership[85]. Business Strategy and Operations - The company has established three major business systems: "Comprehensive Electronic Information," "Advanced Communication and IoT," and "Digital Ocean," along with five major business segments[23]. - The company’s core business includes military equipment, smart security, comprehensive electronics, communication electronics, and intelligent maritime defense[23]. - The company aims to implement the "Tianrong Project" to support national innovation capabilities in the digital field, focusing on disruptive technological innovation and key 5G communication technologies[32]. - The company is actively engaged in mergers and acquisitions to enhance its technological capabilities and market reach[80]. Risk Management - The company emphasizes the importance of risk management and has detailed its potential risks and countermeasures in the report[4]. - The company plans to strengthen its internal control mechanisms and subsidiary management systems to mitigate management risks[83]. - The company is facing risks related to the approval of major asset restructuring, which requires shareholder and regulatory approvals[85]. Shareholder Information - The major shareholder, He Zenglin, holds 30.09% of the shares, with a total of 129,971,700 shares after a reduction of 56,565,200 shares during the reporting period[145]. - The company has a total of 31,857 shareholders at the end of the reporting period[145]. - The company is in compliance with the necessary regulatory approvals for its share issuance and capital increase plans[140]. Legal Matters - The company is currently involved in a lawsuit regarding a payment dispute amounting to 170.74 million yuan, which has been accepted by the court and is in the execution phase[104]. - The company has successfully won a lawsuit against a party for payment disputes, which has now moved to the execution stage[104]. - The company is involved in multiple lawsuits, including a labor dispute with an employee amounting to 24.88 million yuan and another with a subsidiary totaling 124.22 million yuan[106]. Social Responsibility - The company is committed to fulfilling its social responsibility in poverty alleviation and will continue to participate in related initiatives[131].