2021-08-29-深交所-远_望_谷_2021年半年度报告_160页_2mb

Okay, here is the summary and translation of the reporting year's key financial highlights and business strategies for Shenzhen Far Horizon Valley Technology Co., Ltd. (in Chinese) in 2021, keeping within the 1000-word limit.

Summary (Chinese)

深圳远望谷信息技术股份有限公司 (Far Horizon Valley Technology) 在2021年上半年报告中，主要亮点和挑战显著：

1. 经营概况与业绩表现：

• 公司作为中国领先的RFID核心技术产品供应商，业务覆盖物联网应用、铁路、图书文旅、零售等多个领域。
• 2021年上半年，公司实现营业收入1.59亿元，相比上年同期的1.99亿元下降20.06%。净利润亏损1.12亿元，相比上年同期亏损1.81亿元有所改善，但仍未扭亏。
• 业绩下滑主要由非经常性损益项目（主要是投资亏损）造成。特别是处置交易性金融资产产生的重大损失（-5.49亿元人民币），显著拖累了整体利润。
• 公司公告中提到，部分子公司因业务已经盈利，不再纳入合并财务报表范围，这可能影响了此前的可比数据，但此决定为追溯重述调整。

2. 核心业务：

• 尽管整体业绩承压，公司在铁路、图书文旅及零售等核心领域持续推进。特别是在铁路业务上持续保持领先地位，为铁路现代化建设提供支撑。
• 公司积极发展战略布局，包括通过子公司布局智能服装、资产管理等新兴应用领域，以及深化物联网技术在各行业的渗透。

3. 风险因素：

• 主要风险提及包括：市场竞争加剧风险（物联网行业参与者增多）；国际化业务带来的地缘政治、法律政策及汇率波动风险；以及关注自身和外部情况变化可能带来的原材料成本、用工成本等不利影响及疫情后遗症。
• 另需注意公司对思维列控失去重大影响后，其股票投资需按以公允价值计量且其变动计入当期损益的金融资产处理。

4. 未来展望与行动计划：

• 公司计划聚焦主业，培育新的业务增长点，抓住新市场机遇。
• 持续优化国际化管理，以降低海外业务风险。
• 加强内部组织管理，优化人力资源结构，提升效率。
• 密切关注并应对疫情相关影响，保持经营韧性。
• 管理层对核心技术和应用的持续投入，是公司未来发展的关键。

In Summary: 虽然2021年上半年财务表现不佳，主要受投资失利影响，但公司基本面在Fi
�单位：亿元人民币

Revenues and Net Profit - Key Variations (using the comparison format from Point 4.ii)

• Total Revenue: RMB 1.89Bnd → -12.05% (RMB 1.68Bnd)
• Net Profit (Non-Adjust.): RMB -1.12Bnd → Improved, but still negative (Yoy -1.81Bnd).
• Impact of Investment Losses: Total Investment Income (Loss): RMB -0.95Bnd, another key factor lowering profits.

Financial Position

• Total Assets: RMB 250.3Bnd → -11.02% (RMB 282.0Bnd)
• Net Assets: RMB 134.8Bnd → -7.12% (RMB 144.7Bnd - post adjustment)
• Total Liabilities: RMB 108.2Bnd → +15.41% (RMB 93.7Bnd)

Outstanding Risks

1. Market Competition: Increasing competition within the IoT sector requires continuous innovation and focus.
2. Internationalization: Geopolitical, legal, regulatory, currency risks in international markets.
3. Operational / Economic / Health Factors: Increases in production/operation/csv/labor costs; potential impacts from epidemic.

Management Discussions & Plan

• Maintaining leadership in Railway and Retail IoT sectors.
• Cultivating long-term development in new areas.
• Refining international business management to mitigate risks.
• Enhancing internal efficiency and talent structure.
• Actively coping with the post-pandemic landscape.

In Summary: Far Horizon Valley Technology experienced a significant revenue decline and continued net losses in H1 2021, heavily impacted by substantial losses from financial asset disposals. While core businesses remain focused, primarily on Rail and Retail IoT, challenges include intensified market competition and international business uncertainties. Future success hinges on strategic focus on core strengths and managing external risks effectively.

Summary (English)

Shenzhen Far Horizon Valley Technology Co., Ltd. 2021 Half-Year Report Summary

1. Financial Performance: Far Horizon Valley delivered in H1 2021 with total revenue of RMB 1.68 billion, a 20.1% decrease from the previous year's RMB 1.99 billion. Net profit was RMB -1.12 billion, showing improvement compared to RMB -1.81 billion loss in the prior year, but remained negative. The significant worsening of losses (compared to the full year target significantly missed) is mainly attributed to substantial losses from the disposal of transactional financial assets (-RMB 95.1 million) and other significant non-recurring losses, despite some positive operating cash flow.

2. Core Businesses: Despite muted overall performance, the company emphasizes its core strengths in Railways and Retail. It continues strategies in areas like AI and IoT applications. Success in H1 appears linked to foundational strength in long-term business rather than short-term fluctuations.

3. Key Risks: The company identifies risks related to intensified market competition within the broader economy (IoT sector), risks associated with its international operations (currency/geo), and potential cost/income pressures.

4. Management's Outlook: The company plans to focus its strategy on these core long-term areas to cultivate new opportunities. Continued progression in areas like asset tracking through utilization of cloud platforms and underlying analytics is part of strengthening its operational success.

In Summary: Far Horizon Valley's first half of 2021 saw significant revenue and net loss increases, strongly impacted by financial losses. While the core business remains stable, the company needs strategic focus and risk management to navigate complexities and improve future performance beyond the H1 period.