Capinfo Company Limited
(a joint stock limited company incorporated in
the People's Republic of China with limited liability)
（於中華人民共和國註冊成立之股份有限公司）
（Stock Code 股份代號：1075 ）
2017中 期 報 告
Interim Report
CONTENTS2 Management Discussion and Analysis
8 Corporate Governance
Information for Investors
Independent Review Report
Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income
Condensed Consolidated Statement of Financial Position
Condensed Consolidated Statement of Changes in Equity
Condensed Consolidated Statement of Cash Flows
Notes to the Interim Financial Report
52 Definitions
MANAGEMENT DISCUSSION AND ANALYSIS BUSINESS REVIEWIn the first half of 2017, the national economy presented an obvious trend of improvement amidst stabilisation and the IT industry saw a sound growth. In the new development stage, the Group concentrated its efforts on innovation in terms of management and business and sped up transformation and upgrade. While continuously consolidating the smart infrastructure service, the Group further promoted the development in the fields of internet + government affair service, smart medical and health service and enterprise smart innovation, laying a solid foundation for the "Thirteenth Five-Year" period.
For the six months ended 30 June 2017, the main operating revenue of the Group amounted to RMB323.5 million; profit attributable to owners of the Company arrived at RMB19.6 million, representing a decrease of RMB5.3 million as compared with the same period of last year. The decrease of profit compared with the corresponding period of last year was mainly due to fair value loss of series C-2 preferred stock of Mozido Inc. held by the Group.
Smart Infrastructure Service
During the reporting period, the E-governance website, Internet of Things data website and other important systems of the Group ran well. The Group accomplished the guarantee tasks in provision of information technology guarantee for Yanqi Lake International Conference Centre at which the "One Belt, One Road" International Cooperation Summit Forum was held, Huairou District Committee Conference Centre, etc. and successful treatment of the "Ransomware" which outbroke in a large area in the world. The Group endeavoured to get the opportunities for Beijing Sub-centre and Beijing-Tianjin-Hebei Integration Project to seize a commanding height in the field of information technology construction for smart city.
2 Capinfo Company Ltd • INTERIM REPORT 2017
MANAGEMENT DISCUSSION AND ANALYSISCapinfo EA V1.0, the unified technical structure of the Group, has been put into preliminary application and combined with a number of projects in several segments including healthcare security and social security, software and cloud computing, which has generated outstanding preliminary results. Subsequently, Capinfo EA V2.0 will be improved and launched to achieve comprehensive application and practice throughout the Group to reduce technological development and operation costs and enhance core technological competitiveness and projects' profitability.
"Internet + Government Affair" Service
"Beijing-China Website Clusters" (www.beijing.gov.cn) ran stably. Riding on years of experience in government information construction and operation, the Group won the title of "2017 China Top 100 Internet Enterprises" jointly issued by Internet Society of China and the Ministry of Industry and Information Technology and was recognised by the industry and the State. In the first half of the year, the Group won the bid for a number of projects including the construction project of Beijing Points System for Household Registration, the website cluster construction projects of the Agency for International Economic Cooperation of the Ministry of Commerce, further consolidating and expanding the user base.
In the housing construction field, the Group intensively tapped the field of housing provident fund in Beijing, Shanghai, Guangzhou, Chongqing and Nanning and won a number of upgrade and transformation projects. While accumulating project experience, the Group implemented the nationwide development strategy to seek for the effective way for duplication of the successful model in other cities.
Smart Medical and Health Service
During the reporting period, the Group proactively cooperated with the implementation of comprehensive reform of separation of clinic from pharmacy and the trans-provincial and long-distance medical settlement policy to ensure equal policy treatment for 18.95 million social security card holders. "Beijing hospital medical card" business was advanced in an orderly way and over 10 million cards have been accumulatively issued, to provide convenient real-time medical settlement service for card holders.
Progress has been made in respect of "hospital financial settlement platform" which is independently developed by the Group. The Group has entered into cooperation agreements with scores of hospitals and put the platform into operation in a number of hospitals. To promote commercialisation of the platform, the Group has entered into agreements on settlement of commercial insurances with multiple commercial insurance companies. A new business model has gradually taken shape.
Capinfo Company Ltd • INTERIM REPORT 2017 3