2020 “Yinhua Fund Cup” Sina bank financial planner competition, hot registration. From now on to September 7, you will receive free gift packages worth more than 700 yuan from Guan Qingyou, Luo Yuanshang, Chen Kaifeng and Jian Qi. < p > < p > “ten Li Nanjing Road, a new world”. Once, min Shengda and Shen Guojun, another capital tycoon, joined hands to encircle the new world. On August 16, six months later, with the announcement of “break up”, the plan to seize control of the new world fell through. < p > < p > on the evening of August 17, variety show disclosed the semi annual report of 2020. In the first half of this year, the company realized a net profit attributable to shareholders of listed companies (referred to as net profit) of 208 million yuan, a year-on-year increase of more than 15 times. < p > < p > min Shengda has created one business legend after another, and variety show is the first listed township enterprise in Jiangsu Province. Once upon a time, variety Arts Co., Ltd., relying on 21 old sewing machines and several old factories, started a business trip in Golden Village, Xingdong Town, Nantong County, Jiangsu Province, mainly engaged in various kinds of medium and high-grade clothing. < p > < p > today, variety show has formed a business pattern of steady development of information technology, new energy and equity investment. After experiencing the pain of transformation, variety show shares have gradually come out of the predicament. According to the semi annual report, in the first half of this year, variety show realized 219 million yuan of operating income, down 11.02% from 247 million yuan in the same period last year. Compared with the decrease of operating income, the net profit increased significantly. The company realized a net profit of 208 million yuan, which was 12 million yuan in the same period of last year, with a year-on-year increase of 1579.05%. < / P > < p > why there is such a big gap between the decline of operating income and the soaring of net profit? The company explained that the company’s overseas subsidiaries have accumulated a certain amount of foreign currency funds after operating for many years. The company collected these funds and made value investment in overseas big health and integrated circuit industries in the form of securities investment. The fair value of the main investment objects increased significantly in the first half of the year, contributing to a higher income from changes in fair value. In the first half of the year, the company’s income from changes in fair value was 286 million yuan, which was 31 million yuan in the same period last year, with a year-on-year increase of 815.40%. < / P > < p > in addition to investment income, the main business of the company has also increased, mainly due to the sharp increase in sales of health protection products jiahuling, a subsidiary of variety show import and export agent. In the first half of the year, the company’s net profit after deducting non recurring profit and loss (hereinafter referred to as deduction of non net profit) was 25 million yuan, with a year-on-year increase of 30.47%. As the first stock of township enterprises in China, variety show has been listed on Shanghai Stock Exchange as early as November 20, 1996. At that time, the company mainly engaged in various kinds of high-grade clothing, which was developed by a workshop style clothing factory. The same is true for variety show. From 1996 to 2000, the net profit of the company was 33 million yuan, 65 million yuan, 77 million yuan, 87 million yuan and 91 million yuan respectively, increasing year by year. From 2001 to 2004, the net profit was 42 million yuan, 22 million yuan, 15 million yuan and 11 million yuan respectively, which decreased year by year. From 2005 to 2009, the growth of net profit decreased alternately, and then decreased sharply in 2012. It fell into the first loss after listing in 2013, and again in 2015. < / P > < p > since 2017, the company’s operating income has decreased year by year, but the net profit shows an increasing trend. From 2017 to 2019, the company realized net profits of 45 million yuan, 54 million yuan and 56 million yuan respectively. < p > < p > Changjiang business news reporter found that as one of the main business, the investment income of variety show shares is good. In 2019, the company’s income from changes in fair value was 278 million yuan. From 2015 to 2018, the company’s investment income was 254 million yuan, 233 million yuan, 548 million yuan and 245 million yuan respectively. Income from changes in fair value and net investment income contribute a lot to the company’s performance. < p > < p > in November 2008, through asset replacement, variety show divested clothing assets. Since 2010, the company has entered the field of integrated circuits through mergers and acquisitions. The target companies that have been acquired successively include oberlie, Datang smart card, etc. In addition, the company actively enters the field of new energy, and distributes photovoltaic power generation globally. < p > < p > at one time, because the target of premium M & a failed to fulfill the performance commitment as scheduled, the operating performance of variety show was under pressure. The company’s information technology and new energy industry layout are guaranteed by the income from equity investment. At present, the operation of the two entity industries of variety show shares is gradually getting better. < / P > < p > according to the semi annual report, variety show has a long-term focus on information technology business, with a number of participating and holding enterprises, business involving chip design and application, mobile games, etc. Chip design and application mainly include integrated circuit business and smart card business. The IC business is mainly carried out by Tianyi integrated, Nanjing Tianyue, Shenzhou Longxin and Nantong Zhaori. Among them, the DSP chips and algorithms for digital hearing aids developed by Nanjing Tianyue have great significance for breaking the foreign monopoly on core technology in this field, leading the domestic hearing aid industry to upgrade, and vigorously improving the hearing compensation level of hearing patients in China. The company’s product ha320 digital hearing aid special DSP chip can meet the domestic replacement of digital hearing aid chip and algorithm in the middle end, and fill the blank of domestic digital hearing aid commercial chip. < p > < p > the new energy business of variety show is mainly the construction and operation management business of solar power stations. Since 2010, the company has successively built photovoltaic power stations in Italy, the United States, Germany, Bulgaria, Romania, Xinjiang, Jiangsu and other regions in China. By the end of June this year, the total installed capacity of the company’s solar power station was 98.54mw. At present, all the existing solar power stations have been built and connected to the grid. The photovoltaic power station invested and built by variety show overseas is mainly for the purpose of selling when it is completed. < / P > < p > investment nurtures the industry, and the financial operation of variety show is stable. As of June 30 this year, the company’s book monetary capital was 1.060 billion yuan, and short-term loans were 519 million yuan. There were no non current liabilities due within one year and no long-term debts. At the end of the period, the company’s asset liability ratio was 17.93%, down 2.66 percentage points compared with 20.59% at the beginning of the period. < p > < p > in the secondary market, since the end of June this year, the share price of variety show has been rising continuously, and on August 18, the price limit was even stronger. In less than two months, its share price has risen by 49%.