Apex(603383)2024-08-26 09:15Financial Performance - The company reported a half-year performance summary for the period from January 1, 2024, to June 30, 2024[5]. - The company's operating revenue for the first half of 2024 was ¥266,792,942.02, a decrease of 4.93% compared to ¥280,628,214.87 in the same period last year[13]. - The net profit attributable to shareholders for the first half of 2024 was ¥48,782,385.53, down 21.11% from ¥61,834,557.70 in the previous year[13]. - The basic earnings per share for the first half of 2024 was ¥0.24, a decrease of 22.58% from ¥0.31 in the same period last year[14]. - The weighted average return on net assets for the first half of 2024 was 3.28%, down from 4.50% in the previous year, a decrease of 1.22 percentage points[14]. - The company's total assets at the end of the reporting period were ¥1,616,546,251.20, a decrease of 14.29% from ¥1,886,086,098.63 at the end of the previous year[13]. - The net cash flow from operating activities was -¥150,798,511.76, compared to -¥100,560,193.72 in the same period last year[13]. - The company achieved operating revenue of CNY 266.79 million, a decrease of 4.93% year-on-year[26]. - The net profit attributable to shareholders was CNY 48.78 million, down 21.11% year-on-year[26]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 41.17 million, a decrease of 23.13% year-on-year[26]. Risk Management - The report includes a detailed description of potential risks that the company may encounter[1]. - The company emphasizes the importance of risk awareness in its forward-looking statements[1]. - The company faces risks from intensified industry competition, technological advancements, regulatory compliance, and potential loss of tax benefits[34][35]. Corporate Governance - The board of directors confirmed the accuracy and completeness of the financial report, with no significant omissions or misleading statements[1]. - The company has undergone a board and supervisory committee reshuffle, with new appointments including Sun Jinggang as a director and Bao Hongshan as an independent director, effective from May 10, 2024[38]. - The company’s board of directors and supervisory committee will serve a term of three years from the date of their election[39]. Research and Development - The company continued to increase R&D investment, focusing on the "3+1" foundational technology platform to maintain a leading edge in trading, process, and data technology[23]. - R&D expenses increased by 7.79% to ¥79,761,656.59 compared to ¥73,997,796.90 in the previous period[27]. - Research and development expenses for the first half of 2024 were CNY 55,840,305.07, slightly up from CNY 55,227,677.93 in the same period of 2023, showing a marginal increase of about 1.1%[70]. Cash Flow and Liquidity - Net cash flow from operating activities decreased to -¥150,798,511.76 from -¥100,560,193.72, attributed to reduced sales collections and increased salary expenses[27]. - Total cash and cash equivalents at the end of the first half of 2024 were 614,154,524.68 RMB, down from 1,028,594,960.38 RMB at the beginning of the period, reflecting a decrease of approximately 40.3%[74]. - The net increase in cash and cash equivalents for the first half of 2024 was -324,251,744.07 RMB, compared to -491,462,066.16 RMB in the same period of 2023, showing an improvement in cash flow management[74]. Shareholder Information - The company did not distribute any dividends or increase capital reserves in the first half of 2024, with a distribution of 0 shares per 10 shares and 0 yuan per 10 shares in cash dividends[40]. - The company distributed cash dividends of 188,316,717.60 RMB, amounting to 11 RMB per 10 shares, during the reporting period[51]. - The total number of ordinary shareholders reached 20,395 by the end of the reporting period[52]. Asset Management - The company's total assets amounted to ¥1,699,664,210.25, a decrease from ¥1,954,428,701.05 year-over-year[65]. - Total assets decreased from ¥1,886,086,098.63 to ¥1,616,546,251.20, a decline of approximately 14.3%[62]. - The company held cash and cash equivalents representing 38.75% of total assets, down from 49.86% in the previous year[28]. Compliance and Regulations - The company has not faced any administrative penalties related to environmental issues during the reporting period and emphasizes energy conservation and environmental protection in its operations[42]. - The company has committed to not engaging in any business that competes directly or indirectly with its subsidiaries, ensuring compliance with fair trading practices[44]. Financial Instruments and Accounting Policies - Financial instruments are recognized when the company becomes a party to the financial instrument contract[106]. - The company assesses expected credit losses based on the risk of default, considering past events, current conditions, and forecasts of future economic conditions[113]. - The company recognizes impairment losses on receivables based on significant differences in credit risk, applying individual assessments for expected credit losses[120]. Future Outlook - The company plans to continue focusing on market expansion and new product development to drive future growth[66]. - The company aims to improve operational efficiency and reduce costs in response to the declining cash flow from operating activities[79].