Financial Performance - The company's operating revenue for Q1 2023 was ¥43,868,833.90, representing a decrease of 21.80% compared to the same period last year[5]. - The net profit attributable to shareholders was ¥143,793.60, down 90.06% year-on-year[5]. - The net profit for Q1 2023 was a loss of CNY 789,629.72, compared to a profit of CNY 2,472,041.10 in Q1 2022, indicating a significant decline[19]. - Operating profit for Q1 2023 was a loss of CNY 4,712,092.37, contrasting with a profit of CNY 3,795,048.65 in Q1 2022[19]. - The total comprehensive income for Q1 2023 was CNY -789,629.72, down from CNY 2,472,041.10 in Q1 2022[20]. - Basic and diluted earnings per share were both ¥0.0003, reflecting a decrease of 90.00% year-on-year[5]. - Basic and diluted earnings per share for Q1 2023 were both CNY 0.0003, compared to CNY 0.003 in Q1 2022[20]. Cash Flow - The net cash flow from operating activities was -¥5,873,117.62, a decline of 312.91% compared to the previous year[5]. - The operating cash flow for Q1 2023 showed a net outflow of CNY -5,873,117.62, compared to a net inflow of CNY 2,758,472.82 in Q1 2022[23]. - Cash inflows from operating activities totaled CNY 52,217,237.00, down from CNY 56,591,401.13 in the previous year[23]. - Cash outflows from operating activities increased to CNY 58,090,354.62, compared to CNY 53,832,928.31 in Q1 2022[23]. - The net cash flow from investing activities was CNY 2,524,377.31, a decrease from CNY 14,425,286.41 in Q1 2022[24]. - The net cash flow from financing activities was CNY -4,210,558.76, compared to CNY -42,452,050.60 in the same quarter last year[24]. - The ending balance of cash and cash equivalents was CNY 57,687,542.06, down from CNY 87,096,060.59 at the end of Q1 2022[24]. Assets and Liabilities - Total assets at the end of the reporting period were ¥368,595,450.49, down 3.48% from the end of the previous year[6]. - Total assets as of March 31, 2023, amounted to CNY 381,884,676.28, an increase from CNY 368,595,450.49 at the end of 2022[16]. - Total liabilities increased to CNY 175,246,430.59 as of March 31, 2023, compared to CNY 162,746,834.52 at the end of 2022[16]. - Current assets totaled CNY 122,494,369.02 as of March 31, 2023, up from CNY 111,264,688.47 at the end of 2022[15]. - The company's cash and cash equivalents increased to CNY 65,248,709.79 as of March 31, 2023, from CNY 57,687,542.06 at the end of 2022[14]. - The company's total equity as of March 31, 2023, was CNY 206,638,245.69, slightly up from CNY 205,848,615.97 at the end of 2022[16]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 14,049[10]. - The net profit attributable to the parent company for Q1 2023 was CNY 143,793.60, compared to CNY 1,447,289.02 in Q1 2022, indicating a significant decline[20]. - The net loss attributable to minority shareholders was CNY -933,423.32, compared to a profit of CNY 1,024,752.08 in the same period last year[20]. Expenses - Total operating costs for Q1 2023 were CNY 49,753,505.57, down from CNY 53,747,486.54 in Q1 2022, reflecting a reduction of 7.4%[19]. - Research and development expenses increased to CNY 20,700,578.82 in Q1 2023, up from CNY 18,101,936.75 in Q1 2022, representing an increase of 14.4%[19]. - Management expenses decreased by 44.76%, mainly due to a reduction in employee compensation[8]. Government Support - The company received government subsidies amounting to ¥966,869.60, which are closely related to its normal business operations[7]. Prepayments - The company reported a significant increase in prepayments by 69.86%, primarily due to prepayments for film and television investments[8].

Financial Performance - The company achieved a net profit attributable to shareholders of 24.66 million yuan in 2022, a significant recovery from a net loss of 113.16 million yuan in 2021, marking a turnaround of over 121.8%[6]. - Operating revenue for 2022 was 208.13 million yuan, a decrease of 2.86% compared to 214.26 million yuan in 2021[24]. - The net cash flow from operating activities increased by 328.51% to 25.86 million yuan in 2022, up from 6.03 million yuan in 2021[24]. - Basic earnings per share for 2022 was CNY 0.04, a significant improvement from a loss of CNY 0.20 in 2021[25]. - The weighted average return on equity increased to 14.83% in 2022, up 68.57 percentage points from -53.74% in 2021[25]. - Non-recurring gains for 2022 amounted to CNY 20,866,822.97, with significant contributions from government subsidies and other income[29]. - The company reported a net profit attributable to shareholders of 24.6648 million yuan for the year 2022, while the parent company recorded a net loss of 76.6287 million yuan[111]. - The company reported a total comprehensive loss for the year was ¥76,628,709.07, which is an improvement from the previous year's comprehensive loss of ¥270,507,572.63[191]. Assets and Liabilities - Total assets decreased by 16.47% to 381.88 million yuan at the end of 2022, down from 457.21 million yuan at the end of 2021[24]. - The company's net assets attributable to shareholders increased by 16.02% to 178.67 million yuan at the end of 2022, compared to 154.01 million yuan at the end of 2021[24]. - The company reported a total liability of 1,199.70 million yuan related to ongoing litigation, with no expected financial responsibility following the court's decision[133]. - Total liabilities decreased from ¥274.39 billion in 2021 to ¥175.25 billion in 2022, a decline of about 36.1%[179]. - Current liabilities decreased from ¥252.75 billion in 2021 to ¥165.59 billion in 2022, a reduction of approximately 34.4%[179]. - Cash and cash equivalents decreased by 41.93% to ¥65,248,709.79, primarily due to repayment of bank loans[60]. Revenue Segments - The gaming segment generated CNY 201.96 million in revenue, with a gross margin of 92.99%, reflecting a slight decrease of 3.67% year-over-year[50]. - The film and television segment's revenue was CNY 4.72 million, with a gross margin of 11.91%, showing a significant decrease of 88.09% compared to the previous year[50]. - The company reported a total revenue of ¥201,964,238.11 for 2022, with mobile game "Peach Blossom Source" contributing ¥119,813,499.84, accounting for 59.32% of total revenue[65]. Market Conditions - The Chinese gaming market saw a 10.33% decline in actual sales revenue in 2022, totaling CNY 265.88 billion[36]. - The number of game users in China decreased by 0.33% in 2022, reaching 664 million[36]. - In 2022, the total box office revenue for films in China was 30.067 billion yuan, a year-on-year decline of 36.30%, with domestic films accounting for 84.85% of the total[77]. - The number of cinema admissions in China was 712 million in 2022, down 39.14% year-on-year, primarily due to cinema closures in major cities[77]. Strategic Initiatives - The company is developing two new mobile games expected to launch in 2023, focusing on casual and turn-based gameplay[33]. - The company plans to enhance its strategic layout by focusing on quality assets in the gaming and film sectors[32]. - The company aims to optimize resource allocation in its film projects, gradually exiting less synergistic investments[35]. - The company plans to launch two new games in 2023, including one casual mobile game and one turn-based mobile game, both currently in development[79]. Governance and Management - The company has a strong management team with extensive experience from leading gaming companies, which enhances its competitive edge in the market[40]. - The company has established a fair and transparent performance evaluation and incentive mechanism for senior management[90]. - The company’s board members and senior management have extensive experience in various sectors, enhancing governance and operational efficiency[94]. - The company has established specialized committees, including Audit, Nomination, Compensation, and Strategy Committees, to enhance operational efficiency[103]. Risks and Compliance - The company has described potential risks in its report, advising investors to be cautious[9]. - The company faces risks from intensified market competition in the gaming industry, which could lead to player attrition and reduced market share[81]. - The company ensures compliance with relevant laws and regulations regarding information disclosure, maintaining transparency and protecting the rights of minority shareholders[90]. Employee and Training - The company employed 282 R&D personnel, accounting for 67.30% of the total workforce[56]. - The company has implemented a detailed annual training plan to enhance employee skills and overall quality[110]. Cash Flow and Financing - The company reported a net cash outflow from financing activities of CNY -86.55 million, which was a larger outflow than the previous year's CNY -38.23 million, mainly due to increased loan repayments[47]. - The company raised ¥20,490,000.00 through financing activities, which was consistent with the previous year's inflow of ¥20,000,000.00[195]. - The company received ¥12,411,556.04 in tax refunds, a notable increase from ¥658,304.31 in the previous year, enhancing cash flow[194].

证券简称：大晟文化 证券代码：600892 公告编号：临2022-032 大晟时代文化投资股份有限公司 关于参加深圳辖区上市公司2022年投资者网上集体接待日活 动的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 为进一步加强与投资者的互动交流，大晟时代文化投资股份有限 公司（以下简称"公司"） 将参加由深圳证监局指导、深圳上市公司协 会与深圳市全景网络有限公司联合举办的"2022 年深圳辖区上市公司 投资者集体接待日活动"，现将相关事项公告如下： 本次活动将采用网络远程的方式举行，投资者可登录"全景路演" 网站（http://rs.p5w.net），或关注微信公众号：全景财经，或下载全景 路演 APP，参与本次互动交流，活动时间为 2022 年 11 月 9 日（周三） 16:30-17:30。届时公司财务总监、董事会秘书费海江先生将在线就公 司业绩、公司治理、发展战略、经营状况、融资计划、股权激励和可 持续发展等投资者关心的问题，与投资者进行沟通与交流，欢迎广大 投资者踊跃参与！ 特此公告。 大晟时代文化投资股 ...

2022 年第三季度报告 证券代码：600892 证券简称：大晟文化 大晟时代文化投资股份有限公司 2022 年第三季度报告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务 信息的真实、准确、完整。 第三季度财务报表是否经审计 □是 √否 一、 主要财务数据 主要会计数据和财务指标 单位：元 币种：人民币 | 项目 | 本报告期 | 本报告期比上 | 年初至报告期 | 年初至报告期末 | | --- | --- | --- | --- | --- | | | | 年同期增减变 | 末 | 比上年同期增减 | | | | 动幅度(%) | | 变动幅度(%) | | 营业收入 | 42,660,435.61 | -10.00 | 160,271,960.98 | 1.03 | | 归属 ...

Financial Performance - The company's operating revenue for the first half of 2022 was ¥117,611,525.37, representing a 5.74% increase compared to ¥111,230,543.07 in the same period last year[20]. - The net profit attributable to shareholders of the listed company decreased by 8.88% to ¥7,277,541.57 from ¥7,986,527.26 in the previous year[20]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥3,556,951.13, a slight increase of 1.34% from ¥3,509,942.87 in the previous year[20]. - The net cash flow from operating activities improved significantly to ¥3,479,581.15, compared to a negative cash flow of ¥24,527,760.97 in the same period last year[20]. - The net assets attributable to shareholders at the end of the reporting period were ¥161,285,503.40, an increase of 4.73% from ¥154,007,961.83 at the end of the previous year[20]. - Total assets decreased by 15.96% to ¥384,259,252.02 from ¥457,207,294.25 at the end of the previous year[20]. - Basic earnings per share remained stable at CNY 0.01, with diluted earnings per share also at CNY 0.01, showing no change compared to the same period last year[22]. - The weighted average return on equity increased to 4.62%, up by 1.68 percentage points from 2.94% in the same period last year[22]. - The company reported non-recurring gains totaling CNY 3,720,590.44, with significant contributions from non-current asset disposal and other operating income[22]. Market Trends - The Chinese gaming market's actual sales revenue for the first half of 2022 was CNY 147.79 billion, a year-on-year decrease of 1.8%, with user scale declining to approximately 666 million, down 0.13%[25]. - The number of new TV series released in the first half of 2022 was 155, a decrease of 23.6% compared to the same period in 2021, indicating a tightening market[27]. Strategic Initiatives - The company aims to enhance its game content innovation capabilities and focus on developing high-quality mobile games to adapt to the competitive landscape[29]. - The company plans to continue its strategic layout in the gaming and film sectors, seeking quality assets and projects to drive future profit growth[32]. - The company has established a strong user base in role-playing games, which will facilitate the transition to high-quality mobile game users[30]. - The company has two new games in development, expected to launch in the second half of 2022, including a casual mobile game and a turn-based mobile game[33]. - The company plans to launch the H5 game "G1 Dress Up" in the second half of 2022, which has been in development since June 2020[33]. Financial Position - The company's total assets as of June 30, 2022, amounted to RMB 384,259,252.02, a decrease from RMB 457,207,294.25 at the beginning of the period[94]. - The company's current assets decreased to RMB 131,447,554.08 from RMB 205,399,543.77, indicating a decline of approximately 36%[94]. - Cash and cash equivalents fell to RMB 72,210,637.67 from RMB 112,364,928.90, representing a decrease of about 36%[94]. - The company's total liabilities decreased to RMB 169,037,693.02 from RMB 252,746,329.08, reflecting a reduction of approximately 33%[95]. - The company reported a net profit of 24.14 million yuan for its subsidiary Shenzhen Taole Network Technology Co., Ltd., with total assets of 180.77 million yuan and net assets of 123.04 million yuan as of June 30, 2022[47]. Subsidiary Performance - The company’s subsidiary Wuxi Zhonglian Transmission Cultural Communication Co., Ltd. reported a net loss of 0.577 million yuan, with total assets of 31.88 million yuan and negative net assets of 12.66 million yuan as of June 30, 2022[48]. - The company’s subsidiary Shenzhen Yuerong Investment Management Co., Ltd. reported a net loss of 0.424 million yuan, with total assets of 56.90 million yuan and negative net assets of 38.80 million yuan as of June 30, 2022[49]. Risks and Challenges - The company faces risks from intensified market competition in the gaming and film industries, which could lead to player attrition and reduced market share[51]. - The company emphasizes the importance of retaining core R&D personnel to maintain competitive advantage in game development[53]. - The company’s strategy includes addressing the risks associated with policy changes in the gaming and film industries, which could impact new game launches and film production[55]. Shareholder Information - The total number of ordinary shareholders as of the end of the reporting period is 14,873[83]. - The largest shareholder, Zhou Zhenke, holds 167,553,120 shares, representing 29.95% of the total shares[85]. - Shenzhen Dazheng Asset Management Co., Ltd. holds 50,682,752 shares, accounting for 9.06% of the total shares[85]. Legal and Compliance - The company reported significant litigation matters during the reporting period, with ongoing cases disclosed in temporary announcements[67]. - The company has commitments from major shareholders to avoid competition with its subsidiaries, ensuring compliance with agreements made in 2014 and 2015[64]. - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[66]. Environmental and Social Responsibility - The company has not disclosed any environmental information or measures taken to reduce carbon emissions during the reporting period[64]. Future Outlook - The company plans to focus on enhancing its capital structure and improving profitability in the upcoming quarters[131]. - Future guidance indicates a projected revenue growth of approximately 10% for the next quarter, driven by new product launches[123].

Financial Performance - The company reported a net profit attributable to shareholders of -113.16 million RMB for 2021, a decrease of 584.69% compared to the previous year[5]. - Total revenue for 2021 was 214.26 million RMB, down 28.39% from 299.19 million RMB in 2020[23]. - The net cash flow from operating activities was 6.03 million RMB, a decline of 93.45% compared to 92.19 million RMB in 2020[23]. - The company's total assets decreased by 21.28% to 457.21 million RMB from 580.79 million RMB in 2020[23]. - The company's net assets attributable to shareholders fell by 42.43% to 154.01 million RMB from 267.52 million RMB in 2020[23]. - Basic earnings per share for 2021 was -0.20 CNY, a decrease of 600% compared to 0.04 CNY in 2020[25]. - The weighted average return on equity dropped to -53.74%, a decrease of 62.65 percentage points from 8.91% in 2020[25]. - The company reported a net loss of 30.84 million RMB for its subsidiary Wuxi Zhonglian Chuan Dong, indicating challenges in the film production sector[72]. - The company reported a net loss of RMB 1.54 billion in retained earnings, worsening from a loss of RMB 1.43 billion in the previous year[186]. - The company reported a net profit attributable to shareholders of -113.16 million yuan for the year 2021, with the parent company achieving a net profit of -270.51 million yuan[114]. Revenue and Market Trends - The company faced significant challenges in 2021, leading to a substantial decline in both revenue and profit margins[5]. - The gaming market in China generated 296.51 billion CNY in 2021, with a year-on-year growth of 6.40%[37]. - The number of game users in China reached 666 million in 2021, a slight increase of 0.22% compared to 2020[37]. - The revenue from self-developed games in China was CNY 255.82 billion, with a year-on-year increase of 6.51%[38]. - The company is focusing on game business development, with two new game products expected to launch in 2022[35]. - The company plans to maintain existing game profitability while exploring new cooperation channels[77]. - The online game "Peach Blossom Source" generated revenue of 4,934 million RMB, while the mobile game version generated 19,760 million RMB, indicating a significant contribution to overall revenue[65]. Operating Costs and Expenses - The company’s operating costs decreased by 89.69% to CNY 11.73 million, primarily due to the lack of new media releases in the current period[44][45]. - Sales expenses increased by 90.88% to CNY 57.92 million, attributed to increased advertising for gaming products[44][45]. - Research and development expenses rose by 6.92% to CNY 67.74 million, driven by higher personnel costs[46]. - Total operating costs for 2021 were CNY 225,568,704.56, down 18.1% from CNY 275,332,226.13 in 2020[191]. Legal and Compliance Issues - The company has faced challenges in recovering certain receivables, with ongoing legal actions to enforce judgments related to compensation payments[119]. - The company is involved in a civil lawsuit regarding a compensation claim amounting to 2.48 million yuan, with a judgment requiring joint liability for repayment[134]. - The company has incurred legal fees of 594,885.90 yuan related to ongoing litigation[136]. - The company has faced multiple lawsuits, indicating a complex legal environment that could affect its operations[134]. - The company is currently awaiting the execution of judgments from previous lawsuits, which have not yet been enforced[134]. Governance and Management - The company has implemented a transparent governance structure, ensuring compliance with legal and regulatory requirements, and protecting the rights of all shareholders, particularly minority investors[85]. - The board of directors consists of 9 members, including 3 independent directors, ensuring compliance with governance standards and promoting responsible decision-making[86]. - The company has organized 2 performance briefings to communicate its performance to investors and address their concerns, enhancing transparency and investor relations[88]. - The company has established a competitive compensation and benefits system to retain core R&D personnel, which is essential for maintaining competitive advantage in game development[80]. - The company has a structured governance framework with clear roles for board members and management[93]. Future Outlook and Risks - The company has indicated potential risks in future development strategies, urging investors to be cautious[6]. - The gaming industry in China is experiencing intense competition, which poses risks to the company's market share and overall performance[78]. - The gaming industry faces risks related to rapid product updates, limited product lifecycles, and fast-changing user preferences, which could negatively impact operating performance if new games do not meet market expectations[79]. - Regulatory changes in the gaming and film industries pose risks, such as stricter approval processes for new games and potential challenges in film distribution due to compliance issues[82]. Financial Position and Assets - The company's total liabilities were RMB 274.39 million, slightly down from RMB 280.05 million in the previous year, indicating a decrease of about 2.4%[185]. - The total equity attributable to shareholders decreased to RMB 154.01 million from RMB 267.52 million, reflecting a decline of approximately 42.5%[186]. - Cash and cash equivalents stood at RMB 112.36 million, down from RMB 130.30 million, which is a decrease of about 13.7%[184]. - The company’s non-current liabilities increased by 107.55% to 83,467,401.96 CNY, primarily due to the reclassification of long-term borrowings to current liabilities[61]. - The company has reported a total guarantee amount of 80 million RMB, which accounts for 43.76% of the company's net assets[143].

Financial Performance - The company's operating revenue for Q1 2022 was CNY 56,099,613.63, representing a year-on-year increase of 10.36%[5] - The net profit attributable to shareholders decreased by 62.71% to CNY 1,447,289.02 compared to the same period last year[5] - Basic and diluted earnings per share were both CNY 0.003, reflecting a decline of 57.14%[6] - Net profit for Q1 2022 was ¥2,472,041.10, a decrease of 51.2% from ¥5,068,447.31 in Q1 2021[18] - In Q1 2022, the company's total comprehensive income amounted to CNY 2,472,041.10, a decrease of 51.2% compared to CNY 5,068,447.31 in Q1 2021[19] Cash Flow - The net cash flow from operating activities was CNY 2,758,472.82, down 8.76% year-on-year[5] - Cash inflows from operating activities totaled CNY 56,591,401.13, a decrease of 2.2% from CNY 57,849,840.19 in Q1 2021[21] - The net cash flow from operating activities was CNY 2,758,472.82, down 8.8% from CNY 3,023,247.19 in the previous year[21] - Cash inflows from investment activities increased significantly to CNY 14,430,816.46, up 43.3% from CNY 10,085,847.89 in Q1 2021[21] - The net cash flow from investment activities was CNY 14,425,286.41, a rise of 47.4% compared to CNY 9,789,950.90 in the same quarter last year[21] - Cash outflows from financing activities totaled CNY 42,452,050.60, which is double the CNY 22,093,891.92 recorded in Q1 2021[22] - The company reported a net decrease in cash and cash equivalents of CNY 25,268,868.31 for the quarter, compared to a decrease of CNY 9,279,971.48 in the same period last year[22] Assets and Liabilities - Total assets at the end of the reporting period were CNY 415,384,656.90, a decrease of 9.15% from the end of the previous year[6] - Total liabilities decreased to ¥230,097,026.73 in Q1 2022 from ¥274,391,705.18 in Q1 2021, a reduction of 16.1%[15] - Current assets totaled ¥165,442,321.86 as of March 31, 2022, down from ¥205,399,543.77 at the end of 2021, a decline of 19.4%[14] - The company reported a decrease in cash and cash equivalents to ¥87,096,060.59 from ¥112,364,928.90, a drop of 22.4%[14] - The company's total equity increased slightly to ¥185,287,630.17 in Q1 2022 from ¥182,815,589.07 in Q1 2021[15] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 11,659[9] - The largest shareholder, Zhou Zhenke, holds 29.95% of the shares, with 135 million shares pledged[9] Research and Development - Research and development expenses increased to ¥18,101,936.75 in Q1 2022, compared to ¥15,756,627.78 in Q1 2021, marking a growth of 14.8%[18] Future Plans - The company plans to focus on expanding its market presence and enhancing product development in the upcoming quarters[16]

Financial Performance - The company's operating revenue for Q3 2021 was ¥47,400,340.54, representing a year-over-year increase of 13.35%[5] - The net profit attributable to shareholders for Q3 2021 was a loss of ¥13,045,350.49, a decrease of 415.85% compared to the same period last year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of ¥2,229,292.13, down 155.99% year-over-year[5] - The net profit attributable to shareholders for the year-to-date was a loss of ¥5,058,823.23, a decrease of 112.94% compared to the same period last year[5] - Total operating revenue for the first three quarters of 2021 was ¥158.63 million, a decrease of 37.24% compared to ¥252.86 million in the same period of 2020[21] - Net profit for the first three quarters of 2021 was a loss of ¥2.16 million, compared to a profit of ¥44.67 million in the same period of 2020, indicating a significant decline[22] Assets and Liabilities - The total assets at the end of the reporting period were ¥541,926,386.33, a decrease of 6.69% from the end of the previous year[6] - The total assets as of September 30, 2021, amounted to CNY 541,926,386.33, a decrease from CNY 580,794,339.89 at the end of 2020[18] - Current assets totaled CNY 210,965,078.01, down from CNY 257,296,000.58 year-over-year[16] - The company's total liabilities decreased by 50.00% in long-term borrowings due to repayment of some due loans[9] - The company's total liabilities were CNY 251,846,188.32, down from CNY 280,046,225.16 year-over-year[17] - The total current liabilities were CNY 201,192,388.97, slightly up from CNY 199,971,898.16 year-over-year[17] - The total liabilities rose from 280,046,225.16 RMB to 291,538,822.44 RMB, an increase of about 4.1%[31] Cash Flow - The cash flow from operating activities for the year-to-date was a negative ¥16,086,462.79, reflecting a decrease of 123.28% year-over-year[5] - The company reported a net cash outflow from operating activities of ¥16.09 million for the first three quarters of 2021, contrasting with a net inflow of ¥69.11 million in 2020[25] - The net cash flow from investment activities was 10,080,353.06 RMB, compared to a negative cash flow of -27,753,613.80 RMB in the previous year, indicating a significant improvement[26] - The net cash flow from financing activities was -35,225,148.00 RMB, compared to -69,798,532.23 RMB in the same period last year, showing a reduction in cash outflow by about 49.6%[26] - The company reported a cash outflow of 55,225,148.00 RMB from financing activities, compared to 69,798,532.23 RMB last year, reflecting a decrease of about 20.9%[26] Expenses - The company reported a significant increase of 129.26% in selling expenses year-to-date, attributed to enhanced operational promotion efforts[9] - Total operating costs for the first three quarters of 2021 were ¥157.35 million, down from ¥212.48 million in 2020, reflecting a reduction of 26.00%[21] - Research and development expenses increased to ¥49.05 million in 2021 from ¥44.73 million in 2020, representing an increase of 9.84%[21] - Sales expenses rose sharply to ¥46.20 million in 2021, compared to ¥20.15 million in 2020, marking an increase of 129.00%[21] Shareholder Information - The top shareholder, Zhou Zhenke, holds 29.95% of the shares, with a total of 167,553,120 shares[12] - The company has a total of 10,077 common stock shares outstanding as of the reporting date[12] - The total equity attributable to shareholders was CNY 262,326,042.71, a slight decrease from CNY 267,516,950.55[18] - The company's equity attributable to shareholders decreased slightly from 267,516,950.55 RMB to 267,384,865.94 RMB, a decline of approximately 0.05%[31] Other Information - The basic earnings per share for Q3 2021 was -¥0.02, a decline of 300.00% compared to the previous quarter[6] - Basic and diluted earnings per share for the first three quarters of 2021 were both -¥0.01, compared to ¥0.07 in 2020[23] - The company has no significant new product launches or technological advancements reported during this period[14] - The company recorded an investment income of ¥320.47 thousand in 2021, a significant increase from ¥29.89 thousand in 2020[21] - The company reported a credit impairment loss of ¥4.70 million in 2021, down from ¥8.96 million in 2020, indicating improved asset quality[21]

Financial Performance - The company's operating revenue for the first half of 2021 was ¥111,230,543.07, a decrease of 47.29% compared to ¥211,038,685.35 in the same period last year[20]. - The net profit attributable to shareholders for the first half of 2021 was ¥7,986,527.26, down 77.16% from ¥34,973,722.16 in the previous year[20]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥3,509,942.87, a decline of 89.33% compared to ¥32,883,693.89 in the same period last year[20]. - The net cash flow from operating activities was -¥24,527,760.97, worsening from -¥6,541,421.76 in the previous year[20]. - Basic earnings per share for the first half of 2021 were ¥0.01, down 83.33% from ¥0.06 in the same period last year[21]. - The weighted average return on net assets decreased by 10.02 percentage points to 2.94% from 12.96% in the previous year[21]. - The company reported a total non-recurring profit and loss of 4,476,584.39, with significant contributions from government subsidies amounting to 1,962,427.56 and a reversal of impairment provisions for receivables totaling 1,620,000.00[22]. - The company reported a net loss of CNY 1,419,616,791.28 in retained earnings, a slight improvement from a loss of CNY 1,427,471,233.93 at the end of 2020[89]. - The company's net profit for the first half of 2021 was CNY 10,428,006.64, a decrease of 73.5% compared to CNY 39,310,674.33 in the same period of 2020[95]. - The company reported a significant lawsuit where the defendants are required to pay performance compensation of approximately RMB 83 million and additional penalties[68]. Assets and Liabilities - The total assets at the end of the reporting period were ¥557,881,683.09, a decrease of 3.95% from ¥580,794,339.89 at the end of the previous year[20]. - The total liabilities of the company were CNY 255,214,435.59, compared to CNY 280,046,225.16 at the end of 2020, representing a reduction of approximately 8.8%[89]. - The company's cash and cash equivalents stood at CNY 81,484,824.09, down from CNY 130,300,654.83 at the end of 2020, marking a decline of about 37.4%[87]. - The company's total equity increased slightly to CNY 302,667,247.50 from CNY 300,748,114.73 at the end of 2020, reflecting a growth of approximately 0.7%[89]. - The company's total assets amounted to CNY 661,770,248.32 as of June 30, 2021, compared to CNY 638,971,961.24 at the end of 2020, reflecting an increase of 3.9%[92]. - The total liabilities were CNY 104,313,976.94 as of June 30, 2021, an increase from CNY 98,182,697.66 at the end of 2020, marking a rise of 6.5%[92]. Operational Highlights - The main business focuses on the development and operation of online games and the production and distribution of films and television series[24]. - The gaming market is experiencing increased competition, with a notable decline in user growth and tightening regulations impacting the industry[26]. - The company has launched two new games in the first half of 2021, with three additional games currently in development, expected to launch in the second half of 2021[30]. - The company’s subsidiary, Qiyao Interactive Entertainment, has successfully launched the Vietnamese version of the game "Magic World War" on July 3, 2021[32]. - The film and television industry is undergoing an adjustment period, with the company reducing investments and focusing on the distribution of existing projects to recover costs[27]. - The company is actively promoting the release of the web drama "Journey to the West: Daughter Country" and is in communication for the second round of distribution for "Fox's Summer"[33]. Management and Governance - The company emphasizes its strong management team with extensive experience from leading gaming companies, which enhances its operational efficiency and market position[28]. - The company has not proposed any profit distribution or capital reserve transfer plans for the half-year period[58]. - The company has guaranteed the independence of its personnel, assets, finances, and operations since October 8, 2014, ensuring no conflicts of interest with minority shareholders[62]. - The company has engaged Rongcheng Accounting Firm for the audit of its 2021 financial statements and internal controls, continuing from the previous year[65]. - The management team remains unchanged, with Huang Ping as the company leader and Fei Haijiang overseeing accounting[123]. Risks and Challenges - The company faces significant risks from intensified industry competition in both the film and gaming sectors, which could impact future performance[51]. - The company acknowledges the risk of product development in the gaming industry, where failure to meet market expectations could negatively affect revenue[53]. - There is a risk of goodwill impairment if the operational performance of subsidiaries like Taole Network and Qiyao Interactive deteriorates[54]. - The company is subject to policy risks that could affect its operations in the film, gaming, and equity investment sectors[55]. - The overall financial health shows signs of recovery, but the company still faces challenges in achieving profitability[116]. Financial Strategy and Capital Management - The company continues to focus on internal capital management and has not indicated any changes in its financial strategy[115]. - The company completed a non-public offering of 76,741,047 shares at a price of RMB 20.05 per share, raising a total of RMB 1,510,581,251.30 after expenses, increasing total share capital to 139,866,047 shares[127]. - The company executed a capital reserve conversion, increasing total share capital from 139,866,047 shares to 559,464,188 shares by issuing 419,598,141 additional shares[129]. - The company has maintained a consistent capital stock of 559,464,188 throughout the reporting periods[113]. Accounting and Financial Reporting - The company’s financial statements comply with the requirements of the enterprise accounting standards, reflecting its financial position and operating results accurately[135]. - The company applies fair value measurement for identifiable assets and liabilities acquired in business combinations under non-common control, recognizing goodwill when the acquisition cost exceeds the fair value of net identifiable assets[140]. - Financial instruments are assessed for impairment based on expected credit losses, ensuring accurate recognition of potential losses[176]. - The company recognizes expected credit losses for financial assets measured at amortized cost and other specified financial instruments[176]. - Financial assets are derecognized when the contractual rights to cash flows expire or are transferred, and the transfer meets derecognition criteria[162].

Financial Performance - Operating revenue for the period was CNY 50,832,122.65, representing a decline of 15.20% year-on-year[6] - Net profit attributable to shareholders was CNY 3,881,083.11, down 85.40% from the same period last year[6] - Basic and diluted earnings per share were both CNY 0.01, down 80.00% compared to CNY 0.05 in the previous year[6] - The company's net profit attributable to the parent company for Q1 2021 was 3.88 million yuan, a decrease of 2,269.66 million yuan compared to the same period last year, representing a year-on-year decline of approximately 85.3%[13] - Total revenue for Q1 2021 was ¥50,832,122.65, a decrease of 15.4% compared to ¥59,940,820.41 in Q1 2020[27] - Net profit for Q1 2021 was ¥5,068,447.31, down 79.5% from ¥24,592,301.45 in Q1 2020[28] - The total comprehensive loss for Q1 2021 was ¥3,442,000.11, compared to a loss of ¥3,529,093.72 in the same period last year[31] Cash Flow and Liquidity - Cash flow from operating activities was CNY 3,023,247.19, a significant improvement from a negative cash flow of CNY 11,104,934.02 in the previous year[6] - The net cash flow from operating activities was ¥3,023,247.19 in Q1 2021, a significant improvement compared to a net outflow of ¥11,104,934.02 in Q1 2020[32] - The cash flow from financing activities resulted in a net outflow of ¥22,093,891.92 in Q1 2021, compared to a smaller outflow of ¥2,470,270.83 in Q1 2020[33] - The financial data indicates a stable liquidity position with current assets significantly exceeding current liabilities[45] Assets and Liabilities - Total assets at the end of the reporting period were CNY 573,555,525.93, a decrease of 1.25% compared to the end of the previous year[6] - The company's total assets as of March 31, 2021, were 573.56 million yuan, a decrease from 580.79 million yuan at the end of the previous year[19] - Total liabilities as of March 31, 2021, were 267.89 million yuan, down from 280.05 million yuan at the end of the previous year[20] - Total assets increased from RMB 580,794,339.89 to RMB 592,133,254.84, reflecting an increase of RMB 11,338,914.95[39] - Total liabilities increased from RMB 280,046,225.16 to RMB 291,538,822.44, an increase of RMB 11,492,597.28[40] Shareholder Information - The number of shareholders at the end of the reporting period was 11,777[11] - The total equity attributable to the parent company was 271.27 million yuan, an increase from 267.52 million yuan at the end of the previous year[20] - The total equity attributable to shareholders decreased to ¥537,347,263.47 from ¥540,789,263.58[25] Expenses and Costs - Sales expenses for the period were 15.56 million yuan, an increase of 1,129.31 million yuan year-on-year, primarily due to increased advertising spending by the subsidiary's gaming division[13] - Management expenses amounted to 12.25 million yuan, up 423.24 million yuan year-on-year, mainly due to increased labor costs at the subsidiary[13] - Total operating costs increased to ¥48,805,815.37 in Q1 2021, up 43.9% from ¥33,897,052.11 in Q1 2020[27] Strategic Focus - The company is focusing on market expansion and new product development as part of its future strategy[43] - The company plans to enhance its technology capabilities through ongoing research and development initiatives[43] - The company is exploring potential mergers and acquisitions to strengthen its market position and drive growth[43] - The company’s management indicated a focus on improving operational efficiency and reducing costs in future quarters[31]