BYBON(SZ:300736)2021-08-26 16:00Financial Performance - The company's operating revenue for the first half of 2021 was ¥185,517,404.42, a decrease of 23.79% compared to ¥243,415,164.41 in the same period last year[20]. - The net profit attributable to shareholders was ¥5,593,014.77, representing a significant increase of 128.10% from a loss of ¥19,906,879.26 in the previous year[20]. - The net cash flow from operating activities improved to ¥16,402,462.07, a turnaround of 122.94% from a negative cash flow of ¥71,499,034.35 in the same period last year[20]. - Basic earnings per share rose to ¥0.04, compared to a loss of ¥0.15 per share in the previous year, marking a 126.67% improvement[20]. - The company's revenue for the reporting period was ¥185,517,404.42, representing a decrease of 23.79% compared to the previous year[42]. - Operating costs decreased by 31.08% to ¥153,156,110.21, attributed to reduced new device sales and the termination of certain brand repair services, leading to an increase in gross margin[42]. - Sales expenses decreased by 34.95% to ¥11,464,083.46 due to product structure optimization and the cessation of certain brand authorized store sales[42]. - Management expenses were reduced by 52.02% to ¥14,713,593.07, resulting from improved efficiency and the termination of certain brand repair services[43]. - The company reported a significant increase of 122.94% in cash flow from operating activities, amounting to ¥16,402,462.07, due to improved profitability[43]. - The company reported a net loss of CNY 23.06 million for the first half of 2021, compared to a loss of CNY 97.35 million in the same period of 2020, indicating an improvement in performance[138]. - The company achieved a basic earnings per share of ¥0.04 in the first half of 2021, compared to a loss per share of ¥0.15 in the same period of 2020[142]. Assets and Liabilities - Total assets at the end of the reporting period were ¥234,152,739.15, down 13.82% from ¥271,707,158.53 at the end of the previous year[20]. - The net assets attributable to shareholders decreased to ¥161,741,480.60, a decline of 11.98% from ¥183,751,250.99 at the end of the previous year[20]. - The total amount of raised funds used by the company as of June 30, 2021, is RMB 202,532,822.56, with RMB 6,296,713.98 used in the first half of 2021[54]. - The balance of the raised funds account is RMB 13,671,590.98, which includes investment income of RMB 6,485,237.81 from structured deposits and bank wealth management products[54]. - The total amount of unused raised funds as of June 30, 2021, is RMB 7,186,353.17, accounting for 3.43% of the total raised funds[56]. - The total equity attributable to shareholders decreased from CNY 183.75 million to CNY 161.74 million, a decline of about 12%[133]. - The company's cash and cash equivalents dropped from CNY 56.93 million to CNY 36.25 million, a decline of about 36.6%[135]. - Total liabilities decreased from CNY 87.96 million to CNY 72.41 million, reflecting a decrease of approximately 17.7%[133]. Investments and Cash Flow - The company invested ¥20,000,000.00 in trading financial assets, resulting in a fair value gain of ¥950,000.00[51]. - Cash and cash equivalents decreased by 48.22% to ¥-40,559,008.18, influenced by investments in trading financial assets and stock buybacks[43]. - The company reported a cash inflow of ¥225,000,000.00 from investment recovery, an increase from ¥210,500,000.00 in the first half of 2020[150]. - The net cash flow from investment activities was negative at -¥26,582,460.86, compared to -¥6,823,505.90 in the previous year[150]. - The company experienced a net cash outflow from financing activities of -¥30,377,198.94, with total cash outflow amounting to ¥30,377,198.94[150]. Operational Strategy and Market Position - The company operates 142 physical service stores and over 2,500 franchise stores across 30 provinces in China, providing comprehensive mobile phone after-sales services[28]. - The company has established long-term partnerships with major mobile brands, including Apple, for over 11 years, enhancing its service credibility[28]. - The company launched an alliance business in 2019 to empower small and micro mobile repair businesses, focusing on supply chain, training, and management[31]. - The company signed an IRP independent repair agreement with Apple, allowing some franchise stores to provide original parts services, which is expected to increase market share[32]. - The company’s e-commerce platform connects online and offline services, facilitating the recovery and sale of second-hand phones and providing warranty services[30]. - The company’s online business leverages multiple platforms, including WeChat, Tmall, and Meituan, to enhance customer engagement and order acquisition[36]. - The company’s operational management system integrates personnel development, supply chain management, and IT systems, enhancing efficiency and service quality[37]. - The company’s service coverage includes 170 cities, with ongoing expansion through franchise partnerships, enhancing its market presence[36]. Risk Management and Compliance - The company has outlined potential risk factors and countermeasures in its report, emphasizing the importance of investor awareness regarding future plans and forecasts[4]. - The company faces risks related to the operational capabilities of its franchise business, which has only been developed for two years, impacting short-term growth targets[66]. - The company plans to enhance operational capabilities through the development of standard operating procedures (SOPs) and continuous talent investment[67]. - The company emphasizes timely and accurate information disclosure and effective communication with investors[82]. - The company is not classified as a key pollutant discharge unit and has not faced any administrative penalties related to environmental issues[81]. Shareholder and Equity Information - The company has not purchased any bank wealth management products with raised funds, maintaining a balance of RMB 0 in this regard[57]. - The company has approved the use of up to RMB 200 million of idle raised funds for cash management, with a maximum of RMB 1.5 billion of idle self-owned funds[57]. - The company has implemented a stock incentive plan, with independent directors approving the plan and its management[78]. - The total number of shares before the change was 130,273,360, with a post-change total of 130,273,360, indicating no net change in total shares[110]. - The number of restricted shares decreased from 49,171,386 (37.74%) to 25,896,111 (19.88%), a reduction of 23,275,275 shares[110]. - The number of unrestricted shares increased from 81,101,974 (62.26%) to 104,377,249 (80.12%), an increase of 23,275,275 shares[110]. - The company repurchased 2,234,980 shares, representing 1.72% of the total share capital, with a total transaction amount of approximately RMB 27.99 million[111]. - The largest shareholder, Beijing Da'an Century Investment Management Co., Ltd., holds 31.20% of the shares, totaling 40,645,280 shares[116]. - The company has a commitment to limit share transfers by its chairman, Liu Tiefeng, to no more than 25% of his total shares during his tenure[85]. Legal and Regulatory Matters - The semi-annual financial report has not been audited[89]. - There were no major litigation or arbitration matters during the reporting period[91]. - The company is involved in several ongoing legal disputes, with a total amount in dispute of approximately 283.29 million yuan[91]. - The company reported a litigation case involving an amount of 4.221 million yuan, which is currently in the trial phase and has not yet been adjudicated[92]. - There were no penalties or rectifications during the reporting period[93].