JINXD(SZ:300830)2021-08-24 16:00Financial Performance - The company's operating revenue for the first half of 2021 was ¥185,016,014.56, representing an increase of 8.73% compared to ¥170,163,551.96 in the same period last year[23]. - The net profit attributable to shareholders for the first half of 2021 was ¥16,775,494.13, a 3.49% increase from ¥16,210,195.99 in the previous year[23]. - The net profit after deducting non-recurring gains and losses decreased by 52.94% to ¥4,674,392.73 from ¥9,933,882.80 in the same period last year[23]. - Basic and diluted earnings per share decreased by 20.00% to ¥0.04 from ¥0.05 in the same period last year[23]. - The weighted average return on net assets was 1.50%, down from 2.10% in the previous year[23]. - The net cash flow from operating activities improved by 52.74%, reaching -¥45,919,644.61 compared to -¥97,158,683.11 in the previous year[23]. - The gross margin for software development and implementation services was 47.19%, up 2.73% from the previous year[88]. - Revenue from the electric power sector reached ¥133,666,489.05, with a gross margin of 49.84%, reflecting a 9.30% increase in revenue compared to the previous year[89]. - The company's investment income rose by 176.62% to ¥4,921,608.97, primarily due to increased interest from bank financial products[87]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,178,258,312.79, a decrease of 1.20% from ¥1,192,511,880.14 at the end of the previous year[23]. - The net assets attributable to shareholders increased by 0.63% to ¥1,116,595,728.67 from ¥1,109,557,801.74 at the end of the previous year[23]. - The total liabilities decreased from CNY 82,954,078.40 to CNY 62,027,578.03, a reduction of about 25.2%[200]. - The company's total equity increased from CNY 1,109,557,801.74 to CNY 1,116,230,734.76, reflecting a growth of about 0.6%[200]. - Cash and cash equivalents increased from CNY 107,601,395.67 to CNY 173,456,259.93, representing a growth of about 61.2%[196]. - Inventory surged from CNY 49,005,257.62 to CNY 121,528,204.42, marking an increase of approximately 147.5%[196]. - Accounts receivable decreased from CNY 484,728,608.67 to CNY 458,581,227.88, a decline of approximately 5.4%[196]. - Contract assets decreased from CNY 12,076,582.52 to CNY 10,184,432.13, a reduction of about 15.7%[197]. Market and Business Strategy - The company is actively expanding its market presence in the railway sector, collaborating with major groups such as China Railway and China State Construction[33]. - The company is focusing on the development of clean energy solutions, including smart supply chains and charging pile management, in response to industry trends[32]. - The company has established partnerships with provincial state-owned enterprises, including Shandong Highway and Jiangsu Port, to leverage opportunities in digital transformation[34]. - The digital transformation of power enterprises is creating significant opportunities, with the application of new technologies such as AI, blockchain, and big data driving industry upgrades[45]. - The company aims to enhance its service offerings by providing tailored technical personnel based on client needs, with settlements based on actual service workload[41]. - The company is exploring innovative business models, including the integration of digital technologies to enhance operational efficiency and competitiveness in the energy market[48]. Research and Development - The company has a dedicated R&D team of nearly 100 people working on the "Light Cavalry" platform, which aims to reduce the cost and time of digital transformation for enterprises[36]. - Research and development investment increased by 41.08% to ¥26,823,756.71, driven by enhanced product development efforts[85]. - The company is focusing on R&D driven by market needs, addressing user pain points through a structured approach to product development and testing[43]. - The company has a high proportion of technical and R&D personnel, exceeding 85%, ensuring a strong talent pool for innovation and project execution[79]. Risks and Challenges - The company has faced risks and challenges, which are detailed in the report's section on risk factors and responses[6]. - The company has a high customer concentration risk, with significant reliance on State Grid Corporation, which poses a potential threat to business and profitability if their investment in IT services decreases[125]. - The company has not experienced significant bad debt losses, but the high amount of accounts receivable still poses a risk, which is being managed through real-time tracking and prioritizing clients with shorter payment cycles[127]. - The company faces seasonal revenue fluctuations, with higher income expected in the second half of the year due to the nature of project approvals and investments in the power and railway sectors[132]. Shareholder Information - The company had a total share capital of 430,125,000 shares, with 344,100,000 shares (80.00%) being restricted shares before the change[172]. - The total number of shares available for circulation after the release of restrictions was 105,243,750 shares, accounting for 24.47% of the total share capital[173]. - The largest shareholder, Li Feng, holds 36.73% of the shares, totaling 157,987,500 shares[179]. - The total number of ordinary shareholders at the end of the reporting period was 31,269[179]. - The company reported a significant reduction in the number of shares held by major shareholders, with specific details on the number of shares released and remaining[175]. Legal and Compliance - The company confirmed that it is not a key pollutant discharge unit and has not faced any administrative penalties related to environmental issues during the reporting period[143]. - There were no significant lawsuits or arbitration matters during the reporting period, indicating a stable legal environment for the company[151]. - The company did not engage in any major related party transactions or non-operating fund occupation by controlling shareholders during the reporting period[147]. - The half-year financial report for 2021 was not audited, which may impact the reliability of the financial data presented[149].