CSI Intelligent Finance Creative Information (300366) disclosed its 2022 semi-annual report on August 23. In the first half of 2022, the company achieved total operating income of 631 million yuan, a year-on-year decrease of 29.22%; net profit attributable to shareholders was 2.791 million yuan, a year-on-year decrease of 93.21%; net profit excluding non-net profit was 21.1693 million yuan, a year-on-year profit of 26.8391 million yuan; net cash flow generated by operating activities was -227 million yuan, a year-on-year decrease of -44.0627 million yuan; during the reporting period, Creative Information's basic earnings per share was 0.0047 yuan, and the weighted average return on equity was 0.12%.
During the reporting period, the company's total non-recurring gains and losses were RMB 23.9603 million, of which the profits and losses of changes in the fair value of transactional financial assets and investment income were RMB 18.9941 million.
According to the semi-annual report, the company achieved total operating income of 254 million yuan in the second quarter, a year-on-year decrease of 45.82%, and a month-on-month decrease of 32.85%; net profit attributable to shareholders was -30.2423 million yuan, a year-on-year decrease of 309.64%, and a month-on-month decrease of 1.91.55%; net profit excluding non-network was -34.3232 million yuan, a year-on-year decrease of 550.14%, and a month-on-month decrease of 360.94%.
In the first half of 2022, the company's gross profit margin was 24.91%, an increase of 0.93 percentage points year-on-year; the net profit margin was -1.87%, a decrease of 5.68 percentage points from the same period last year. Judging from the single-quarter indicators, the company's gross profit margin in the second quarter of 2022 was 26.47%, up 0.34 percentage points year-on-year and 2.60 percentage points month-on-month; the net profit margin was -14.98%, down 17.23 percentage points from the same period last year and 21.92 percentage points from the previous quarter.
In the second quarter of 2022, the company's return on equity was -1.27%, a year-on-year decrease of 2.13 percentage points and a month-on-month decrease of 2.67 percentage points.
In the first half of 2022, the company's net cash flow for operating activities was -227 million yuan, a year-on-year decrease of 183 million yuan, mainly due to the increase in cash paid for purchasing goods and receiving services; the net cash flow for financing activities was -115 million yuan, a year-on-year decrease of 131 million yuan, mainly due to the decrease in cash received from obtaining loans; the net cash flow for investment activities was 254 million yuan, a year-on-year decrease of -71.8749 million yuan, mainly due to the company's disposal of Chengdu Bank shares held and the recovery of funds when purchased structured deposits expired.
In the first half of 2022, the company's operating income cash ratio was 162.38%, and the net cash ratio was -8136.80%.
In terms of major changes in assets, as of the end of the second quarter of 2022, the company's inventory increased by 59.55% from the end of the previous year, accounting for 13.24 percentage points of the company's total assets, mainly due to project stocking, as well as some projects not completed, unfinished, and cost not carried forward.
Judging from the inventory changes, as of the end of the first half of 2022, the company's inventory book balance was 1.126 billion yuan, accounting for 47.59% of its net assets, an increase of 419 million yuan from the end of the previous year. Among them, the inventory impairment provision was 4.6265 million yuan, and the provision ratio was 0.41%. In terms of debt repayment ability, the company's debt-to-asset ratio at the end of the second quarter of 2022 was 35.79%, a decrease of 4.38 percentage points from the end of the previous year; the interest-bearing debt-to-asset ratio was 12.18%, a decrease of 2.31 percentage points from the end of the previous year.
semi-annual report shows that among the top ten circulating shareholders of the company at the end of the first half of 2022, the new shareholders were Chengdu Advanced Capital Management Co., Ltd. - Chengdu Major Industrialization Project Phase I Equity Investment Fund Co., Ltd., Qingyan Zhixuan No. 21 Private Equity Securities Investment Fund, and Chongqing Qinan Mechanical and Electrical Co., Ltd., replacing Creative Information Technology Co., Ltd. at the end of the first quarter repurchase special securities accounts, Du Guangxiang and Fan Qing. In terms of specific shareholding ratio, the holdings of Sichuan Integrated Circuit and Information Security Industry Investment Fund Co., Ltd. have increased, while Wang Xiaoming's holdings have decreased.
| Share name | Stakeholder shares (ten thousand shares) | Sales proportion (%) | Total share capital (%) | Changes proportion (%) |
|---|---|---|---|---|
| Lu Wenbin | 2440.9 | 4.017435 | unchanged | |
| Wang Xiaoming | 2100.05 | 3.456443 | -0.17 | |
| % Du Xianjin Capital Management Co., Ltd. - Chengdu Major Industrialization Project Phase I Equity Investment Fund Co., Ltd. | 1676.6 | 2.759496 | New | |
| 1 Sichuan Integrated Circuit and Information Security Industry Investment Fund Co., Ltd. | 1576.93 | 2.595447 | 0.42 | |
| 1 Leili | 995.05 | 1.63773 | unchanged | Axing Songzi No. 9 Private Equity Securities Investment Fund | 770 | 1.267331 | unchanged |
| 1 Wang Xiaowei | 715.96 | 1.178388 | unchanged | |
| 1 Creative Information Technology Co., Ltd.-2021 employee stock ownership plan | 692.87 | .140381 | unchanged | |
| light salt wisdom selection No. 21 Private Equity Securities Investment Fund | 671.88 | 1.105834 | New | |
| 1 Chongqing Qin'an Mechanical and Electrical Co., Ltd. | 449.94 | 0.740555 | New |
In terms of chip concentration, as of the end of the second quarter of 2022, the total number of shareholders in the company was 42,400, a decrease of 1,278 from the end of the first quarter, a decrease of 2.93%; the average shareholding market value dropped from 142,000 yuan at the end of the first quarter to 122,600 yuan, a decrease of 13.66%.
