SGSG(SZ:300561)2022-08-29 16:00Financial Performance - The company's operating revenue for the first half of 2022 was RMB 84,390,402.41, representing a 1.31% increase compared to RMB 83,295,230.83 in the same period last year[21]. - The net profit attributable to shareholders decreased by 8.15% to RMB 11,777,623.95 from RMB 12,822,531.90 year-on-year[21]. - The net profit after deducting non-recurring gains and losses increased by 21.55% to RMB 10,447,855.11 compared to RMB 8,595,528.61 in the previous year[21]. - The net cash flow from operating activities improved by 21.08%, reaching RMB -21,585,552.10, compared to RMB -27,352,481.51 in the same period last year[21]. - The basic earnings per share decreased by 8.18% to RMB 0.0359 from RMB 0.0391 in the same period last year[21]. - The weighted average return on equity was 1.78%, down from 1.91% in the previous year[21]. - The company reported a significant increase in accounts receivable, amounting to RMB 107,709,451.81, which is 15.05% of total assets, up from 10.32% the previous year[63]. - The cash and cash equivalents decreased to RMB 12,368,886.35, representing only 1.73% of total assets, down from 6.80%[63]. - The company reported a net decrease in cash and cash equivalents of RMB -38,415,731.54, compared to RMB -26,695,872.70 in the first half of 2021[164]. Assets and Liabilities - Total assets at the end of the reporting period were RMB 715,867,247.02, a decrease of 2.82% from RMB 736,607,619.49 at the end of the previous year[21]. - The net assets attributable to shareholders decreased by 1.44% to RMB 651,120,633.35 from RMB 660,663,086.89 at the end of the previous year[21]. - Total liabilities decreased to RMB 66,672,726.62 from RMB 77,916,817.60, a reduction of approximately 14.3%[152]. - The company's equity attributable to shareholders decreased to RMB 651,120,633.35 from RMB 660,663,086.89, reflecting a decline of about 1.6%[153]. - The total liabilities of the company were reported at approximately 909.92 million yuan, indicating a leverage ratio that requires monitoring[171]. Research and Development - Research and development investment was RMB 9,860,689.37, a decrease of 4.12% from RMB 10,283,956.68 in the previous year[53]. - The company has obtained 27 invention patents, 94 utility model patents, and 26 design patents, showcasing strong research and development capabilities[46]. - The company is engaged in the research and development of intelligent recognition technology and machine learning systems[180]. - The company emphasizes the need for continuous investment in technology and product innovation to meet diverse customer demands and maintain competitive advantages[83]. Market Position and Strategy - The company provides integrated solutions for cash and controlled item management in the financial sector, utilizing IoT, AI, and dynamic password technologies[29]. - The company has developed a cash management system for bank self-service devices, which enhances operational efficiency and risk management[35]. - The company’s intelligent business library management system has successfully participated in pilot projects with major state-owned banks, achieving positive results and sales[32]. - The company’s solutions are widely adopted by various types of banks, establishing a leading position in market coverage for similar products[32]. - The company emphasizes a diversified development strategy, focusing on innovation and comprehensive service solutions tailored to client needs[37]. - The company plans to enhance its sales strategies and optimize internal management to accelerate new product development and market penetration[84]. Risk Management - The company faces risks including product innovation, market expansion, and reliance on banking, as detailed in the risk management section[3]. - The company focuses on risk management solutions for the financial sector, emphasizing independent research and continuous innovation in product development[42]. Corporate Governance and Compliance - The company plans not to distribute cash dividends or issue bonus shares[4]. - The company has fulfilled all commitments made by actual controllers, shareholders, and related parties during the reporting period[101]. - The company has not encountered any major changes in the conditions of significant contracts during the reporting period[122]. - The company confirmed that it did not have any major guarantees during the reporting period[120]. - The semi-annual financial report was not audited[106]. - The company has not issued any new shares or conducted any stock repurchase during the reporting period[132]. Environmental and Social Responsibility - The company and its subsidiaries are not classified as key pollutant discharge units by the environmental protection department, and there were no administrative penalties due to environmental issues during the reporting period[97]. - The company has not yet implemented poverty alleviation and rural revitalization initiatives but plans to respond positively to national calls for such efforts[98]. - There are no disclosed measures or effects regarding carbon emission reduction during the reporting period[97]. - The company plans to actively engage in rural revitalization work in response to national initiatives[98]. Shareholder Information - Major shareholders include Chen Zhe with 36.28% ownership (119,042,826 shares) and Ma Zheng with 18.50% ownership (60,715,477 shares)[135]. - The company’s stock structure remains stable with no significant changes in the number of shares held by major shareholders[135]. - The company reported a total of 25,035,707 shares held by its largest shareholder, Chen Zhe, representing a significant ownership stake[136]. - The total number of shares before the recent changes was 328,107,975, with 153,333,282 shares subject to restrictions, representing 46.73% of the total[130].