CSII(SZ:300663)2021-08-08 16:00Financial Performance - The company reported a significant increase in revenue, achieving a total of RMB 200 million for the first half of 2021, representing a year-on-year growth of 25%[3]. - The company has set a revenue target of RMB 500 million for the full year 2021, indicating an expected growth of 20% compared to 2020[3]. - The company's operating revenue for the reporting period was ¥446,770,167.35, representing a 21.29% increase compared to ¥368,339,116.73 in the same period last year[33]. - The net profit attributable to shareholders was -¥13,584,417.98, an improvement of 23.38% from -¥17,730,539.56 year-on-year[33]. - The net cash flow from operating activities was -¥260,026,106.41, a decrease of 5.40% compared to -¥246,708,968.45 in the previous year[33]. - The total net assets attributable to shareholders decreased by 2.13% to ¥1,071,818,371.04 from ¥1,095,158,667.04 at the end of the previous year[33]. - The company reported a basic earnings per share of -¥0.044, an improvement of 26.67% from -¥0.060 in the previous year[33]. - The gross profit margin for the software and information industry segment was 36.17%, with operating revenue increasing by 21.29% and operating costs increasing by 19.47%[86]. User Growth and Market Expansion - User data showed an increase in active users, with the total number reaching 1.5 million, up from 1.2 million in the same period last year, marking a growth of 25%[3]. - The company plans to expand its market presence by entering three new provinces in China, aiming for a 15% increase in market share by the end of 2022[3]. - The company aims to leverage the growing demand for domestic innovation in the financial sector, driven by national policies supporting technology independence and innovation[44]. - The digital RMB project has entered the promotion phase for existing mobile banking customers, with the company being a leading provider in the domestic mobile banking market[72]. Research and Development - Research and development expenses increased by 30% year-on-year, totaling RMB 30 million, reflecting the company's commitment to innovation[3]. - Research and development investment reached 84.67 million yuan, up 32.26% year-on-year, focusing on continuous development of the database to meet the needs of digital and intelligent transformation in financial services[58]. - The company has a strong application software development team of nearly 5,000 members, enabling independent completion of database localization and replacement projects[80]. - The company holds multiple industry certifications, including CMMI5 and ISO27001, ensuring high standards in project management and quality control[81]. Product Development and Technology - New product development includes the launch of a cloud-based financial service platform, which is expected to contribute an additional RMB 50 million in revenue by the end of 2021[3]. - The company launched the "Xiao Lan" intelligent device for bank counters, which can replace human tellers and has added digital RMB exchange functionality[56]. - The cloud-native distributed financial core business platform was developed on Huawei Cloud, significantly reducing hardware costs by up to 80% for single account maintenance and improving transaction management capabilities[70]. - The company’s cloud-native distributed financial core business platform supports various typical ToC and ToB services, enhancing banks' operational efficiency[52]. Financial Risks and Management - The company has identified risks related to rising labor costs, which could impact profitability if not managed effectively[6]. - Accounts receivable have increased by 20% due to longer project execution cycles, raising concerns about cash flow management[10]. - The company faces risks from increasing market competition, rising labor costs, and growing accounts receivable, which could impact financial performance[119][120][121]. - The company has implemented measures to strengthen management and improve collection efforts on accounts receivable to mitigate risks[124]. Shareholder and Corporate Governance - The company will not distribute cash dividends for the current fiscal year, focusing instead on reinvestment for growth[11]. - The company held three shareholder meetings during the reporting period, with investor participation rates of 34.48%, 31.98%, and 33.30% respectively[128]. - The company reported a total of 310,992,278 shares outstanding, with 27.01% being restricted shares and 72.99% unrestricted shares[173]. - The number of shareholders holding more than 5% of ordinary shares is 10, with the largest shareholder, Wang Anjing, holding 25.39% of the shares[176]. Strategic Partnerships and Collaborations - The company has established strategic partnerships with major enterprises, including a collaboration with China Electronics Corporation for multi-industry cooperation[65]. - The company aims to expand its global market presence by leveraging its partnership with Huawei, which serves over 2000 financial clients worldwide[64]. Miscellaneous - The company has not engaged in derivative investments or entrusted loans during the reporting period[112][113]. - There were no changes in the use of raised funds or significant asset sales during the reporting period[107][114]. - The company reported no significant litigation or arbitration matters during the reporting period[147].