Financial Performance - The company's revenue increased by approximately 5.4% from about RMB 171.4 million for the six months ended June 30, 2021, to about RMB 180.6 million for the six months ended June 30, 2022[24]. - Revenue from the online game platform rose by approximately 61.2%, from about RMB 50.8 million to about RMB 81.9 million during the same period[29]. - The online advertising service revenue decreased by approximately 9.8%, from about RMB 105.8 million to about RMB 95.4 million, attributed to reduced advertising budgets from PC clients[28]. - The total profit and comprehensive income increased by approximately 19.2% from about RMB 21.9 million for the six months ended June 30, 2021, to about RMB 26.1 million for the six months ended June 30, 2022[49]. - The company reported a profit attributable to owners of RMB 23,578,000 for the six months ended June 30, 2022, compared to RMB 21,403,000 in 2021, reflecting an increase of 10.1%[155]. - The company reported a significant increase in revenue, achieving a total of $500 million, representing a 25% year-over-year growth[200]. User Engagement and Product Development - As of June 30, 2022, the monthly active users for all computer and mobile device tool software reached approximately 148.37 million[10]. - The company’s online gaming business achieved a year-on-year increase of over 15% in new user acquisition and active users in the first half of 2022[14]. - The company launched new services and features for the PC version of the software, including the Master Ranking and Desktop Hardware Monitoring Panel, enhancing user experience[11]. - The company aims to expand its user base by continuously optimizing software products and enriching its product matrix[19]. - The company is focused on diversifying its online game offerings, targeting various genres including simulation, role-playing, and card games[19]. - User data showed a total of 10 million active users, up from 8 million in the previous quarter, indicating a 25% increase in user engagement[200]. Strategic Plans and Market Expansion - The company plans to continue launching new online games in the second half of 2022 to attract more quality users[14]. - The company is focusing on expanding its mobile product matrix and developing enterprise-level business to create new growth points[9]. - The company plans to enhance its efforts to find suitable female board candidates and will consider adding a female director at the non-executive or independent non-executive level if no suitable candidates are found in the business sector[82][83]. - Market expansion plans include entering three new regions, which are projected to increase market share by 15%[200]. - The company is considering strategic acquisitions to enhance its product offerings, with a budget of $30 million earmarked for potential deals[200]. Financial Management and Cost Control - The cost of sales and services increased from approximately RMB 92.8 million in the six months ended June 30, 2021, to approximately RMB 95.5 million in the six months ended June 30, 2022, representing an increase of about 2.9%[35]. - Gross profit rose by approximately 8.5% from about RMB 78.4 million for the six months ended June 30, 2021, to about RMB 85.1 million for the six months ended June 30, 2022, with a gross margin increase from 45.7% to 47.1%[40]. - Administrative expenses decreased by approximately 10.4% from about RMB 19.2 million for the six months ended June 30, 2021, to about RMB 17.2 million for the six months ended June 30, 2022, primarily due to reduced consulting service fees and lower average salaries[43]. - The company incurred impairment losses related to prepayments of RMB 9,357,000 during the period[147]. - The company has adopted a conservative business expansion plan and adjusted the average salaries of executives and R&D staff to retain more liquidity amid challenging economic conditions[78]. Corporate Governance and Compliance - The company has complied with all corporate governance code provisions during the reporting period[73]. - The board consists of eight members, including two executive directors, three non-executive directors, and three independent non-executive directors, with an age range of 30 to 50 years[77]. - The company aims to improve gender diversity on the board by introducing at least one female board member by the end of 2022, but currently, all board members are male[77][79]. - The company has implemented a board diversity policy, which will be reviewed annually to ensure its effectiveness[76]. - All directors have confirmed compliance with the standard code of conduct for securities trading during the reporting period[84]. Cash Flow and Investments - As of June 30, 2022, total cash and cash equivalents amounted to RMB 443,678,000, up from RMB 320,117,000 at the end of June 2021, indicating a growth of 38.6%[129]. - The net cash generated from operating activities was RMB 51,816,000, compared to RMB 24,608,000 for the same period in 2021, representing a year-over-year increase of 110.0%[129]. - The net cash used in investing activities for the six months ended June 30, 2022, was RMB 160,353,000, compared to RMB 329,000,000 in the same period of 2021, indicating a reduction of 51.2%[129]. - The company has not made any additional strategic investments or acquisitions using cash or cash combined with equity[101]. - The company has not utilized any proceeds for optimizing its certified second-hand and original brand smartphone e-commerce platform and offline sales channels since 2021 due to business adjustments[101]. Risks and Compliance Measures - Risks associated with contractual arrangements include potential non-compliance with Chinese regulations, which could adversely affect business operations[93]. - The company has implemented measures to ensure compliance with contractual arrangements, including annual reviews by the board of directors[97]. - The audit committee has reviewed the unaudited interim results for the six months ending June 30, 2022, ensuring adherence to accounting principles and internal controls[98]. - The external auditor has conducted a review of the group's condensed consolidated financial statements for the same period, in accordance with Hong Kong standards[98].

Revenue Performance - Total revenue for 2021 was approximately RMB 337.9 million, a decrease of about 2.9% compared to 2020[19] - Online advertising revenue was approximately RMB 203.9 million, an increase of about 14.7% compared to 2020[19] - Online gaming platform revenue was approximately RMB 113.7 million, an increase of about 22.9% compared to 2020[19] - Exclusive licensed online gaming revenue was approximately RMB 19.7 million, an increase of about 36.8% compared to 2020[19] - Smart hardware business revenue was approximately RMB 0.6 million, a decrease of about 99.1% compared to 2020[19] - Revenue decreased by approximately 2.9% from RMB 347.9 million in the year ended December 31, 2020, to RMB 337.9 million in the year ended December 31, 2021, primarily due to intense competition in the electronic device sales sector[38] - Revenue from online advertising services increased by approximately 14.7% from RMB 177.7 million in 2020 to RMB 203.9 million in 2021, driven by the development and promotion of mobile tool products[43] - Revenue from the online gaming platform rose by approximately 22.9% from RMB 92.5 million in 2020 to RMB 113.7 million in 2021, attributed to increased user engagement and the launch of new games[44] - Revenue from exclusive licensed online gaming operations increased by approximately 36.8% from RMB 14.4 million in 2020 to RMB 19.7 million in 2021, with eight new games launched in 2021[45] - Revenue from electronic device sales plummeted by approximately 99.1% from RMB 63.3 million in 2020 to RMB 0.6 million in 2021, leading to a suspension of this business segment[46] Profitability and Expenses - Net profit attributable to the parent company was RMB 55.0 million, a decrease of about 24.3% compared to 2020[19] - Gross profit decreased by approximately 11.0% from RMB 187.2 million in 2020 to RMB 166.7 million in 2021, with a gross margin decline from 53.8% to 49.3%[53] - Research and development expenses increased by approximately 38.7% from RMB 28.7 million in 2020 to RMB 39.8 million in 2021, mainly due to higher average salaries for R&D personnel[57] - Administrative expenses decreased by approximately 21.0% from RMB 46.2 million in 2020 to RMB 36.5 million in 2021, attributed to reduced consulting service fees[56] - Other income decreased by approximately 24.3% from RMB 14.4 million in 2020 to RMB 10.9 million in 2021, primarily due to reduced interest income from bank deposits[54] - Tax expenses decreased by approximately 38.3% from RMB 9.8 million in 2020 to RMB 6.0 million in 2021, mainly due to a decline in pre-tax profits[60] - The total profit and comprehensive income for the year decreased by approximately 25.2% from about RMB 77.1 million for the year ended December 31, 2020, to about RMB 57.7 million for the year ended December 31, 2021[61] User Engagement and Product Development - The average revenue per paying user increased by approximately 20% in 2021 compared to 2020, with significant improvements in user engagement and payment frequency[29] - The active user base for all computer and mobile device tools reached approximately 190.2 million by December 31, 2021[26] - The company launched 8 exclusive online games in 2021, covering various genres including card games and role-playing games[30] - The company plans to launch its first self-developed game product in 2022[21] - The company has expanded its online gaming business and increased investment in the online gaming platform[21] - The company aims to enhance user stickiness and expand its software and gaming user base through product upgrades and a richer product matrix[34] Financial Position and Capital Management - As of December 31, 2021, the bank balances and cash amounted to approximately RMB 385.0 million, compared to approximately RMB 369.2 million as of December 31, 2020[62] - Capital expenditures for the year ended December 31, 2021, totaled RMB 5.293 million, a significant decrease from RMB 14.272 million for the year ended December 31, 2020[66] - The company had no significant investments as of December 31, 2021[67] - The company had no specific plans for significant investments or capital assets as of December 31, 2021[69] - The company continues to rely on operating cash flow and other debt and equity financing for working capital needs and business expansion[62] Employee and Corporate Governance - The company employed 233 full-time employees as of December 31, 2021, including 121 in research and development[71] - The company did not recommend a final dividend for the year ending December 31, 2021, consistent with the previous year[116] - The company has implemented various internal control measures to ensure compliance with applicable laws and regulations[107] - The company has established a remuneration committee to determine the remuneration of directors, which must be approved by shareholders at the annual general meeting[144] - The company has purchased appropriate insurance policies for potential legal actions against its directors and senior officers[145] Related Party Transactions - The company reported a total of 51.7 million RMB in sales agreements with the 360 Group for the fiscal year ending December 31, 2021, with a proposed annual cap of 135.0 million RMB for 2023[169] - The company has a continuous related party transaction with Songchang International, with a total actual transaction amount of 0.5 million RMB for sales agreements in the fiscal year ending December 31, 2021[169] - The company has established ongoing related party transactions with major shareholders, including 360 Technology and Songheng Network, which require compliance with listing rules due to exceeding specified percentage thresholds[178] - The independent non-executive directors confirmed that the related party transactions were conducted in the ordinary course of business and on normal commercial terms[187] Compliance and Regulatory Matters - The company is actively communicating with relevant government departments to ensure compliance with foreign investment regulations in the telecommunications sector[105] - The company is subject to the negative list of foreign investment access, which categorizes industries into encouraged, restricted, and prohibited[189] - The company operates its online gaming business through a foreign-invested enterprise, ensuring compliance with Chinese laws and regulations[189] - The company has received an unqualified opinion from its auditor regarding the related party transactions for the year ended December 31, 2021, confirming compliance with the board's approval and pricing policies[185]

Q LUDASHI LUDASHI HOLDINGS LIMITED 360魯大師控股有限公司 （於開曼群島註冊成立的有限公司） 股份代號 : 3601 2021 中期報告 目錄 公司資料 2 管理層討論及分析 4 其他資料 14 簡明綜合財務報表審閱報告 24 簡明綜合損益及其他全面收益表 25 簡明綜合財務狀況表 26 簡明綜合權益變動表 27 簡明綜合現金流量表 28 簡明綜合財務報表附註 29 釋義及詞彙表 44 公司資料 公司秘書 鄭程傑先生 授權代表 田野先生 鄭程傑先生 核數師 德勤‧關黃陳方會計師行 根據《財務報告管理條例》在香港註冊的公共利益 實體核數師 香港 金鐘道88號 太古廣場1座35樓 註冊辦事處 Cricket Square Hutchins Drive P.O. Box 2681 Grand Cayman KY1-1111 Cayman Islands | --- | --- | |---------------------|-------------------------------------| | | | | 田野先生 （主席） | 總辦事處及中國主要營業地點 | | 李 ...

� LUDASHI 300 LUDASHI HOLDINGS LIMITED 300 魯大師控股有限公司 (於開曼群島註冊成立的有限公司) 股份代號：3601 01010101001011 C 0101011 0101010101010101 | --- | --- | --- | |-------|-------|-------| | | | | | | | | | --- | --- | --- | --- | |-------|-----------------------------|-------|---------| | | | | | | | | | | | | | | | | | 目錄 | | | | | | | | | | | | | | | 公司資料 | | 2 | | | 董事長報告 | | 4 | | | | | | | | 管理層討論及分析 | | 6 | | | | | | | | 董事及高級管理層之履歷 | | 19 | | | 董事會報告 | | 25 | | | 企業管治報告 | | 56 | | | | | | | | 2020 年環境、社會及管治報告 | | 71 | | ...

LUDASHI LUDASHI HOLDINGS LIMITED 360魯大師控股有限公司 （於開曼群島註冊成立的有限公司） 股份代號 : 3601 2020 中期報告 << 公司資料 2 管理層討論及分析 4 其他資料 14 簡明綜合財務報表審閱報告 22 簡明綜合損益及其他全面收益表 24 簡明綜合財務狀況表 25 簡明綜合權益變動表 26 簡明綜合現金流量表 28 簡明綜合財務報表附註 29 釋義及詞彙表 46 目錄 公司資料 | --- | --- | |-----------------------------------------|------------------------------------------------------------| | | | | 董事會 | 公司秘書 | | 執行董事 | 鄭程傑先生 | | 田野先生 （董事長） | | | 何世偉先生 | 授權代表 | | 非執行董事 | 田野先生 鄭程傑先生 | | 孫春鋒先生 | | | 劉威先生（於 2020 年 6 月 29 日委任） | 核數師 | | 趙丹先生（於 2020 年 6 月 29 日委任） | 德 ...

LUDASHI HOLDINGS LIMITED 360魯大師控股有限公司 （於開曼群島註冊成立的有限公司） 股份代號 : 3601 2019 年報 LUDASH 我們的使命是 讓用戶充分了解並享受 智能硬件帶來的便捷和樂趣 **** 目錄 公司資料2 財務及運營概覽4 董事長報告5 管理層討論及分析6 董事及高級管理層之履歷 15 董事會報告 19 企業管治報告 49 環境、社會及管治報告 62 獨立核數師報告 84 綜合損益及其他全面收益表 89 綜合財務狀況表 90 綜合權益變動表 92 綜合現金流量表 94 綜合財務報表附註 96 財務概要 162 釋義及詞彙表 163 **** 2019 年度報告 360 魯大師控股有限公司2 公司資料 | --- | --- | |----------------|------------| | | | | 執行董事 | | | 田野先生 | （董事長） | | 何世偉先生 | | | 非執行董事 | | | 孫春鋒先生 | | | | | | 獨立非執行董事 | | | 李洋先生 | | | 王新宇先生 | | | 張子煜先生 | | | | | | 審計委員會 ...