创业慧康(300451) - 2024 Q2 - 季度财报

Financial Performance - Revenue for the reporting period was RMB 726.74 million, a year-on-year increase of 3.17%[10] - Net profit attributable to shareholders of the listed company was RMB 27.38 million, a year-on-year increase of 14.03%[10] - Net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses was RMB 25.22 million, a year-on-year increase of 36.77%[10] - Operating cash flow was negative RMB 192.45 million, a year-on-year decrease of 12.33%[10] - Total assets at the end of the reporting period were RMB 5.72 billion, a year-on-year decrease of 1.28%[10] - Shareholders' equity attributable to the listed company at the end of the reporting period was RMB 4.63 billion, a year-on-year increase of 0.58%[10] - Basic earnings per share were RMB 0.02, unchanged from the same period last year[10] - Weighted average return on equity was 0.59%, an increase of 0.07 percentage points year-on-year[10] - Revenue for the reporting period was 727 million yuan, a year-on-year increase of 3.17%, with medical industry revenue reaching 693 million yuan, up 8.61% year-on-year[27] - Orders exceeding 30 million yuan increased by 110.83% compared to the same period last year[28] - The company's operating revenue for the first half of 2024 was 726.74 million yuan, a year-on-year increase of 3.17%[44] - The company's R&D investment in the first half of 2024 was 164.97 million yuan, a year-on-year increase of 3.29%[44] - The company's software sales revenue was 287.35 million yuan, with a gross profit margin of 62.18%[45] - The company's technical service revenue was 292.69 million yuan, with a gross profit margin of 65.67%[45] - The company's medical software service revenue was 264.76 million yuan, with a gross profit margin of 67.13%[46] - Medical industry revenue increased by 8.61% YoY to 692,741,222.34 RMB, with a gross margin of 54.27%[47] - Software sales revenue grew slightly by 0.02% YoY to 287,346,830.67 RMB, with a gross margin of 62.18%[47] - Technical services revenue rose by 9.00% YoY to 292,692,898.30 RMB, with a gross margin of 65.67%[47] - Medical software services revenue surged by 14.60% YoY to 264,760,707.36 RMB, with a gross margin of 67.13%[47] - Northwest region revenue increased significantly by 76.14% YoY to 85,299,929.89 RMB, with a gross margin of 63.56%[47] - Total operating revenue for the first half of 2024 reached 726,735,755.07 yuan, an increase from 704,387,729.02 yuan in the same period last year[109] - Net profit for the first half of 2024 was 31,659,124.99 yuan, up from 25,653,107.18 yuan in the first half of 2023[110] - R&D expenses increased to 138,166,674.71 yuan in the first half of 2024, compared to 120,996,405.15 yuan in the same period last year[110] - Operating profit for the first half of 2024 was 30,091,181.93 yuan, compared to 20,908,089.16 yuan in the same period last year[110] - Comprehensive income for the first half of 2024 totaled RMB 31,319,447.51, compared to RMB 25,983,946.98 in the same period last year[111] - Net profit attributable to the parent company for the first half of 2024 was RMB 27,036,273.13, up from RMB 24,338,150.24 in the same period last year[111] - Operating income for the first half of 2024 was RMB 594,092,145.56, a slight increase from RMB 577,028,362.28 in the same period last year[112] - R&D expenses for the first half of 2024 increased to RMB 112,581,604.78, up from RMB 107,921,651.77 in the same period last year[112] - Net cash flow from operating activities for the first half of 2024 was RMB 601,541,998.60, slightly down from RMB 605,084,999.23 in the same period last year[114] - Cash received from sales of goods and services for the first half of 2024 was RMB 557,660,669.51, compared to RMB 561,888,724.54 in the same period last year[114] - Cash paid for goods and services for the first half of 2024 was RMB 326,228,627.91, up from RMB 321,840,298.16 in the same period last year[114] - Cash paid to employees for the first half of 2024 increased to RMB 320,765,378.18, compared to RMB 295,281,489.50 in the same period last year[114] - Other comprehensive income after tax for the first half of 2024 was a loss of RMB 339,677.48, compared to a gain of RMB 330,839.80 in the same period last year[113] - Total comprehensive income for the first half of 2024 was a loss of RMB 4,996,020.88, compared to a loss of RMB 3,849,709.33 in the same period last year[113] - Operating cash flow for the first half of 2024 was -192.45 million yuan, a decrease compared to -171.33 million yuan in the same period last year[115] - Investment cash flow for the first half of 2024 was -128.51 million yuan, an improvement from -180.27 million yuan in the same period last year[115] - Financing cash flow for the first half of 2024 was -19.51 million yuan, compared to -42.53 million yuan in the same period last year[115] - Total cash and cash equivalents at the end of the period were 746.96 million yuan, down from 1.08 billion yuan at the end of the same period last year[115] - Parent company's operating cash flow for the first half of 2024 was -150.18 million yuan, compared to -55.26 million yuan in the same period last year[116] - Parent company's investment cash flow for the first half of 2024 was -123.08 million yuan, an improvement from -187.22 million yuan in the same period last year[117] - Parent company's financing cash flow for the first half of 2024 was -17.38 million yuan, compared to -117.20 million yuan in the same period last year[117] - Total cash and cash equivalents of the parent company at the end of the period were 325.90 million yuan, down from 681.72 million yuan at the end of the same period last year[117] - Total owner's equity at the end of the period was 4.66 billion yuan, with minority shareholders' equity accounting for 57.90 million yuan[118] - Comprehensive income for the period was -339,677.48, with a total comprehensive income of 27,375,950.61 and a net comprehensive income of 31,319,447.51[119] - Owner's equity increased by 15,136,461.43 due to owner's investment and capital reduction, primarily from share-based payments[119] - Profit distribution amounted to -15,444,264.92, reflecting the allocation to owners (or shareholders)[119] - The company's total equity at the end of the period was 4,694,895.18, with a minority interest of 62,186,297.72[120] - The initial balance of the period showed total equity of 4,601,787,992.71, with a minority interest of 8,126,624.52[121] - Changes in equity during the period included a decrease of 210,600.00 in share capital and an increase of 30,113,541.65 in capital reserve[121] - Comprehensive income for the period contributed 24,338,150.24 to the total equity, with a minority interest of 1,645,796.74[121] - Share-based payments accounted for 29,743,763.58 of the owner's equity increase[122] - The company's total equity at the end of the period was 4,672,970,316.94, with a minority interest of 39,796,588.65[123] - The company's total owner's equity at the beginning of the period was 4,257,548,105.38 yuan, with a capital reserve of 1,660,979,352.00 yuan and retained earnings of 945,567,359.51 yuan[124] - During the period, the company's comprehensive income totaled -4,996,020.88 yuan, with a decrease in retained earnings of 20,100,608.32 yuan[124] - The company's total owner's equity at the end of the period was 4,252,244,281.01 yuan, with a capital reserve of 1,676,115,813.43 yuan and retained earnings of 925,466,751.19 yuan[125] - The company's total owner's equity at the beginning of the previous period was 4,329,102,036.75 yuan, with a capital reserve of 1,634,031,569.77 yuan and retained earnings of 1,008,283,269.37 yuan[127] - During the previous period, the company's comprehensive income totaled -3,849,709.33 yuan, with a decrease in retained earnings of 19,649,029.37 yuan[127] - The company's total owner's equity at the end of the previous period was 4,340,453,995.87 yuan, with a capital reserve of 1,664,145,111.42 yuan and retained earnings of 988,543,345.04 yuan[128] - The company's registered capital is 1,549,124,692.00 yuan, with a total of 1,549,124,692 shares (1 yuan per share)[129] - The company's main business includes software sales, system integration, and technical services[129] - The company's financial statements are prepared on a going concern basis, with no significant doubts about its ability to continue operations for the next 12 months[130][131] - The company's accounting policies and estimates cover areas such as financial instrument impairment, fixed asset depreciation, and revenue recognition[133] - The company uses RMB as its functional currency[137] - Significant items are defined as those exceeding 0.5% of total assets, including bad debt provisions, prepayments, and capital R&D projects[138] - Subsidiaries and joint ventures are considered significant if their profit or assets exceed 15% of the group's total[139] - The company follows specific accounting methods for both same-control and non-same-control business combinations[140] - Control is determined based on power over investees, variable returns, and ability to influence returns[141] - The company classifies joint arrangements as either joint operations or joint ventures and accounts for them accordingly[142] - Cash equivalents are defined as short-term, highly liquid investments that are readily convertible to known amounts of cash[143] - Foreign currency transactions are translated using the spot exchange rate at the transaction date, with exchange differences recognized in profit or loss[144][145] - Financial assets are classified into three categories at initial recognition: (1) measured at amortized cost, (2) measured at fair value with changes in other comprehensive income, and (3) measured at fair value with changes in current profit or loss[146] - Financial liabilities are classified into four categories at initial recognition: (1) measured at fair value with changes in current profit or loss, (2) financial liabilities from transferred financial assets that do not meet derecognition criteria, (3) financial guarantee contracts and loan commitments not classified as (1), and (4) measured at amortized cost[146] - Financial assets measured at amortized cost are subsequently measured using the effective interest method, with gains or losses recognized in current profit or loss upon derecognition, reclassification, or impairment[146] - Financial assets measured at fair value with changes in other comprehensive income (debt instruments) are subsequently measured at fair value, with interest income, impairment losses, and exchange differences recognized in current profit or loss[146] - Financial assets measured at fair value with changes in current profit or loss are subsequently measured at fair value, with all gains or losses recognized in current profit or loss unless part of a hedging relationship[147] - Financial liabilities measured at fair value with changes in current profit or loss are subsequently measured at fair value, with changes due to the company's own credit risk recognized in other comprehensive income[147] - Financial assets are derecognized when the contractual rights to cash flows expire or when the asset is transferred and meets derecognition criteria under accounting standards[148] - The company uses a three-level hierarchy to determine the fair value of financial instruments, prioritizing observable market data[148] - The company recognizes expected credit losses for financial assets measured at amortized cost, debt instruments measured at fair value with changes in other comprehensive income, and certain other financial instruments[148] - For financial assets with credit impairment, the company recognizes changes in expected credit losses over the entire life of the asset as a loss provision[149] - The expected credit loss rate for commercial acceptance bills within 1 year is 5.00%[151] - The expected credit loss rate for accounts receivable/contract assets within 1 year is 5.00%[151] - The expected credit loss rate for other receivables within 1 year is 5.00%[151] - The expected credit loss rate for commercial acceptance bills between 1-2 years is 20.00%[151] - The expected credit loss rate for accounts receivable/contract assets between 1-2 years is 20.00%[151] - The expected credit loss rate for other receivables between 1-2 years is 20.00%[151] - The expected credit loss rate for commercial acceptance bills between 2-3 years is 30.00%[151] - The expected credit loss rate for accounts receivable/contract assets between 2-3 years is 30.00%[151] - The expected credit loss rate for other receivables between 2-3 years is 30.00%[151] - The expected credit loss rate for commercial acceptance bills between 3-4 years is 50.00%[151] - The company uses the cost method for subsequent measurement of long-term equity investments in subsidiaries and the equity method for investments in associates and joint ventures[156] - For step-by-step disposal of subsidiary investments leading to loss of control, the company assesses whether the transactions constitute a "package deal" based on factors such as transaction terms, consideration, and economic impact[157] - When control over a subsidiary is lost, the remaining equity is remeasured at fair value, and the difference between the consideration received and the share of net assets is recognized in investment income[157] - Investment properties are initially measured at cost and subsequently measured using the cost model, with depreciation or amortization calculated similarly to fixed assets and intangible assets[159] - Fixed assets are depreciated using the straight-line method with varying useful lives: buildings (20-50 years), machinery (3-10 years), vehicles (5-10 years), and other equipment (3-10 years)[161] - Construction in progress is recognized when economic benefits are probable and costs are reliably measurable, and is transferred to fixed assets upon reaching intended use status[162] - Borrowing costs are capitalized when directly attributable to the acquisition, construction, or production of qualifying assets, and capitalization ceases when the asset is ready for use[164] - Intangible assets such as land use rights, software licenses, patents, and franchises are amortized using the straight-line method over their estimated useful lives (5-50 years)[166] - R&D expenses include personnel costs, direct input costs, depreciation, and intangible asset amortization, with allocation based on project hours and usage[167] - Internal R&D project expenditures are classified into research and development phases, with development phase costs capitalized as intangible assets if specific criteria are met[167] - Long-term assets are tested for impairment at each balance sheet date, with impairment losses recognized if the recoverable amount is below the carrying value[169] - Long-term prepaid expenses are amortized over their beneficial period, with any non-beneficial amounts written off immediately[170] - Contract liabilities represent obligations to transfer goods or services to customers for which consideration has been received or is receivable[171] - Short-term employee benefits are recognized as liabilities and expensed during the period the employee provides service[172] - Post-employment benefits are classified into defined contribution and defined benefit plans, with defined benefit obligations measured using actuarial assumptions[173] - Termination benefits are recognized when the company can no longer unilaterally withdraw the offer or when restructuring costs are recognized[174] - Other long-term employee benefits are treated similarly to defined benefit plans, with costs recognized in the period incurred[175] - Provisions are recognized for obligations arising from guarantees, litigation, product warranties, and onerous contracts, measured at the best estimate of the expenditure required[176] - The company recognizes revenue for software sales at a point in time when the company completes its performance obligations and the customer confirms acceptance, payment is received, or the right to receive payment is established, and related economic benefits are likely to flow in[180][181] - Technical services, including software development and hardware/software maintenance, are recognized as revenue at a point in time for software development and over time for maintenance services based on the progress of the service period[180][181] - System integration services, including computer information equipment system integration and intelligent network cabling engineering integration, are recognized as revenue at a point in time for equipment integration and over time for cabling projects based on the actual progress of the project[180][181] - The company assesses contracts at the start date to identify individual performance obligations and determine whether they are satisfied over time or at a point in time[179] - Revenue is measured based on the transaction price allocated to each performance obligation, excluding amounts collected on behalf of third parties or expected to be refunded to customers[179] - For contracts with variable consideration, the company estimates the transaction price using the expected value or most likely amount, ensuring it does not exceed the amount that is highly probable of not reversing[179] - Contracts with significant