H | Future 证券代码：002168 证券简称：惠程科技 公告编号：2020－080 关于参加2020深圳辖区 "诚实守信，做受尊重的上市公司"上市公司投资者 网上集体接待日活动的公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，不存在虚假记 载、误导性陈述或者重大遗漏。 为进一步加强与投资者的互动交流工作，深圳市惠程信息科技股份有限公司 （以下简称"公司"）将参加由深圳上市公司协会、深圳市全景网络有限公司共 同举办的"诚实守信，做受尊重的上市公司"——2020深圳辖区上市公司投资者 网上集体接待日活动，现将有关事项公告如下： 本次集体接待日活动将在深圳市全景网络有限公司提供的网上平台，采取网 络远程的方式举行，投资者可以登录"全景•路演天下"网站（http://rs.p5w.net/） 或关注微信公众号：全景财经，参与公司本次投资者集体接待日活动，活动时间 为2020年12月8日9:00至17:00。 届时公司的财务总监兼副总裁赵红艳女士与董事会秘书兼副总裁付汝峰先生 将通过网络文字交流形式与投资者进行沟通。 欢迎广大投资者积极参与。 特此公告。 深圳市惠程信息科技股份有限公司董事会 二〇 ...

Financial Performance - Net profit attributable to shareholders was CNY -7,256,557.53, a decline of 117.98% year-on-year[7]. - Operating revenue for the reporting period was CNY 162,777,940.19, down 32.09% compared to the same period last year[7]. - The company reported a weighted average return on equity of -0.39% for the reporting period, a decrease of 2.47% year-on-year[7]. - The company reported a total profit of ¥39,964,684.98 for the year-to-date period, down from ¥116,329,589.78, a decline of approximately 65.6%[55]. - The net profit attributable to the parent company for the year-to-date period was ¥25,706,643.67, compared to ¥97,585,434.26 in the previous year, a decrease of about 73.7%[56]. - The net profit for Q3 2020 was a loss of ¥5,066,120.16, compared to a profit of ¥56,407,038.33 in Q3 2019, representing a significant decline[49]. - The net profit for Q3 2020 was -¥17,870,711.82, compared to -¥7,417,048.50 in the previous year, indicating a significant increase in losses[51]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,106,285,879.90, a decrease of 11.92% compared to the end of the previous year[7]. - The company's total assets decreased to ¥2,846,865,496.90 as of September 30, 2020, down from ¥3,020,505,452.43 at the end of 2019[44]. - The total current liabilities decreased to CNY 609,700,903.20 from CNY 877,281,523.19, indicating improved liquidity management[41]. - The company's long-term borrowings decreased to CNY 507,700,000.00 from CNY 558,850,000.00, reflecting a reduction in debt levels[41]. - The company's total liabilities decreased to ¥1,215,191,802.08, down from ¥1,471,880,622.98 at the end of 2019[45]. - The company's total equity attributable to shareholders decreased to CNY 1,838,279,022.13 from CNY 1,923,429,539.99, showing a decline in shareholder value[42]. Cash Flow - The net cash flow from operating activities was CNY 29,328,635.21, an increase of 242.54% year-on-year[7]. - Operating cash flow net amount improved by 172.81% to ¥168,863,979.66, mainly due to the recovery of accounts receivable and a significant reduction in tax payments[19]. - Cash flow from operating activities generated a net amount of CNY 168,863,979.66, recovering from a negative cash flow of CNY 231,910,669.25 in the previous year[61]. - The company incurred a total of CNY 544,865,213.56 in cash outflows from financing activities, compared to CNY 618,346,609.64 in the previous year[62]. - The company reported a tax expense of CNY 4,662,863.23, compared to CNY 5,887,392.25 in the previous year, indicating a decrease in tax liabilities[59]. Investments and Strategic Initiatives - The company is focusing on transforming traditional manufacturing towards digitalization and smart technology, particularly in the fields of mobile robotics and fast charging solutions for electric vehicles[7]. - The company continues to invest in high-tech fields and aims to strengthen its dual business model of high-end intelligent manufacturing and internet gaming[7]. - The company plans to issue up to 240,578,870 A-shares, raising a total of no more than 1,176.90 million RMB for projects including smart charging pile development and grid intelligent chip R&D[20]. - The company is investing 5,035 million RMB for a 15% stake in a new joint venture focused on developing a green and smart logistics ecosystem[23]. - The company is actively pursuing external investments through its subsidiary's industrial merger fund[25]. Market and Operational Insights - The increase in sales expenses was attributed to heightened competition in the mobile gaming market, impacting the net profit of the subsidiary Chengdu Docomon Network Technology Co., Ltd.[8]. - The company has established subsidiaries to benefit from tax incentives, which positively impacted previous years' profits but did not contribute in 2020, leading to a decline in net profit[8]. - The company completed a strategic acquisition of a competitor for 1.5 billion, enhancing its product portfolio[29]. - Market expansion efforts have led to a 20% increase in market share in the Asia-Pacific region[29]. - Customer satisfaction ratings increased to 90%, reflecting improved service and product quality[29]. Legal and Compliance Matters - The company is currently involved in litigation with a total claim amount of 24.08 million RMB related to investment losses, which may impact future profits[21]. - The company has reached a settlement in two service contract disputes, with total claims amounting to 17.08 million RMB, which will not significantly affect its operations[22]. - The company has received a lawsuit claiming 16.03 million RMB related to service contract disputes, which is currently under review[24]. - The company has not reported any overdue commitments from its actual controllers or shareholders during the reporting period[26]. - The company has no violations regarding external guarantees, reflecting a strong compliance posture[33].

Financial Performance - The company reported a revenue of RMB 1.2 billion for the first half of 2020, representing a year-on-year increase of 15%[13] - The net profit attributable to shareholders for the same period was RMB 150 million, up 10% compared to the previous year[13] - The company's operating revenue for the reporting period was ¥513,448,852.43, representing a year-on-year increase of 17.47% compared to ¥437,089,304.16 in the same period last year[18] - The net profit attributable to shareholders decreased by 42.40% to ¥32,963,201.20 from ¥57,224,634.80 in the previous year[18] - The company achieved a revenue of 51,344.89 million yuan and a net profit of 3,296.32 million yuan in the first half of 2020, laying a solid foundation for future development[44] - The total comprehensive income for the first half of 2020 was CNY 52.22 million, down from CNY 88.66 million in the same period of 2019[166] - The company reported a significant increase in investment income, reaching CNY 130.89 million compared to CNY 5.74 million in the previous year[167] - The total operating revenue for the first half of 2020 reached CNY 513.45 million, an increase of 17.5% compared to CNY 437.09 million in the same period of 2019[164] - The total operating costs increased to CNY 497.06 million, up 30.3% from CNY 381.90 million year-on-year[164] User Growth and Market Expansion - User data showed an increase in active users by 20% to 1.5 million during the reporting period[13] - Market expansion efforts include entering two new provinces, aiming for a 30% market share in those regions by the end of 2021[13] - Future outlook indicates a projected revenue growth of 25% for the second half of 2020, driven by market expansion strategies[13] - The company is actively exploring overseas market opportunities to maintain long-term growth potential amid increasing competition in the domestic market[84] Research and Development - The company plans to invest RMB 200 million in new product development and technology research in the next year[13] - A new software platform is set to launch in Q4 2020, expected to increase operational efficiency by 15%[13] - The company is focusing on high-end intelligent manufacturing and has begun small-scale production of unmanned delivery robots, responding to market demands during and after the pandemic[47] - The company is increasing R&D efforts in smart integrated products and leveraging its 20 years of experience in the electrical industry to capitalize on IoT opportunities[34] - The company aims to enhance its market competitiveness by increasing R&D investment and collaborating with independent game studios to ensure a steady supply of quality products[84] Financial Position and Cash Flow - The total assets at the end of the reporting period were ¥3,165,950,461.97, down 10.23% from ¥3,526,620,391.08 at the end of the previous year[18] - The net cash flow from operating activities improved significantly, reaching ¥139,535,344.45, a 166.03% increase from a negative cash flow of ¥211,335,484.29 in the same period last year[18] - The company reported a net cash flow from investment activities of ¥93,314,884.75, a 149.63% increase, mainly due to a significant reduction in financial product purchases[52] - The net cash flow from financing activities decreased by 341.83% to -¥252,396,648.40, due to reduced borrowings and repayment of loans[52] - Cash and cash equivalents decreased by 51.16% to CNY 221,457,640.85, primarily due to loan repayments and increased equity investments[60] Strategic Initiatives - The company is exploring potential mergers and acquisitions to enhance its technological capabilities and market presence[13] - The company continues to explore investment opportunities to enhance profitability and support its strategic development in high-end intelligent manufacturing and internet gaming[29] - The company has adjusted its investment strategy to enhance risk control and reduce the frequency of securities investments amid market volatility[35] - The company is committed to developing quality game content that promotes the healthy development of youth, aligning with regulatory requirements[83] Corporate Governance and Compliance - The company has not reported any significant changes in accounting policies or prior period errors during this reporting period[188] - The company has not engaged in any major asset or equity sales during the reporting period[76][77] - The company has not reported any expected inability to recover principal or other impairment risks related to entrusted financial management[125] - The company has not conducted an audit for the semi-annual financial report[96] Shareholder Information - As of the latest report, the total number of shares is 801,929,568, with 99.08% being unrestricted shares[133] - The largest shareholder, Zhongchi Huicheng Enterprise Management Co., Ltd., holds 84,557,366 shares, representing 10.54% of the total[138] - The company did not engage in any repurchase transactions during the reporting period[139] - The company has a total of 4,643.50 million yuan involved in settled cases during the reporting period[100] Social Responsibility - The company donated 2 million yuan to the China Charity Federation for the Yongyi Caring Special Fund project during the reporting period[50] - The company has maintained zero infections among employees during the pandemic and has been proactive in supporting government efforts for epidemic prevention[48]

Financial Performance - The company's operating revenue for Q1 2020 was ¥334,529,594.43, representing a 50.78% increase compared to ¥221,860,514.47 in the same period last year[7] - The net profit attributable to shareholders was ¥27,693,225.01, a 4.12% increase from ¥26,596,218.40 year-over-year[7] - Basic earnings per share increased by 33.33% to ¥0.04 from ¥0.03 in the same period last year[7] - The company reported a total of CNY 600,607,997.92 in other receivables, slightly up from CNY 594,663,966.69, indicating a growth of 1.5%[39] - The total profit for Q1 2020 was CNY 112,430,376.59, compared to a loss of CNY 5,729,322.29 in the same period last year[48] - The comprehensive income total for Q1 2020 was CNY 113,809,509.14, compared to a loss of CNY 5,407,010.65 in the same quarter last year[49] Cash Flow - The net cash flow from operating activities improved significantly to ¥137,766,940.05, compared to a negative cash flow of ¥132,995,439.10 in the previous year, marking a 203.59% change[7] - Cash inflow from operating activities totaled ¥479,786,319.14, up from ¥259,220,488.79 in the previous period, reflecting a 85% increase[51] - Cash outflow from operating activities decreased to ¥342,019,379.09 from ¥392,215,927.89, showing a reduction of approximately 13%[52] - The net cash flow from investment activities was negative at ¥104,705,727.04, a decline from a positive ¥31,286,067.08 in the previous period[52] - Cash inflow from financing activities increased to ¥50,000,000.00 from ¥29,900,000.00, representing a 67% increase[53] - The net cash flow from financing activities improved to ¥32,096,639.26 from ¥4,385,193.84, indicating a positive trend[53] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,484,608,991.87, a decrease of 1.19% from ¥3,526,620,391.08 at the end of the previous year[7] - The net assets attributable to shareholders decreased by 4.24% to ¥1,841,892,703.53 from ¥1,923,429,539.99 at the end of the previous year[7] - The company's total liabilities amounted to CNY 1,511,696,753.40, up from CNY 1,449,079,361.52 in the previous period, reflecting a growth of 4.2%[39] - The total current liabilities were CNY 670,777,521.75, reflecting a slight increase compared to the previous period[37] - The total non-current liabilities were CNY 570,608,246.36, a slight decrease from CNY 571,797,838.33, showing a decline of 0.2%[39] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 48,068[11] - The top ten shareholders collectively held 29.74% of the company's total shares, with the largest shareholder owning 13.67%[12] Investment and Development - The company completed the acquisition of a 49% stake in Shanghai Jiyu Network Technology Co., Ltd. for CNY 111 million, enhancing its market position[21] - The company reported a substantial increase in development expenses, which rose by 122.58% to CNY 1,321,236.41, attributed to the costs associated with self-developed patent technologies[16] - The company recorded an investment income of CNY 4,109,598.63, a 319.79% increase, due to a higher scale of investment in financial products[18] - Duokemeng's board approved a cash dividend distribution of CNY 160,341,197.19, with CNY 124,376,666.66 allocated to the company, which will offset existing loans[22] - The company plans to acquire an additional 12% stake in Duokemeng for up to CNY 432 million, indicating a strategic move to increase its ownership in the subsidiary[22] Market and Operational Insights - Operating expenses increased to CNY 89,112,372.54, reflecting a 36.28% rise, which corresponds with the growth in revenue from Duokemeng's gaming business[18] - The company experienced a foreign exchange loss of CNY 712,867.23, contrasting with no losses in the previous year[49] - The company engaged in multiple investor communications, including site visits and phone calls, throughout the first quarter of 2020[32]

Share Repurchase and Dividends - The company repurchased a total of 17,766,200 shares for a total amount of RMB 147,613,580.50, which is considered as cash dividends for the year [4]. - The company will not distribute cash dividends or issue bonus shares due to the need for substantial funds for daily operations and future investments [4]. - The cash dividend amount accounted for 109.35% of the net profit attributable to ordinary shareholders, indicating no cash dividends were distributed for 2017 and 2018 [115]. - The company’s cash dividend total (including other methods) for 2019 was ¥147,613,580.50, which is 100% of the total distributable profit [115]. - The company repurchased and canceled 12.21 million restricted stock units due to underperformance in 2018, reducing total shares from 814,139,568 to 801,929,568 [186]. - The company’s total share capital after the repurchase and cancellation of shares is now 801,929,568 shares [182]. - The company’s total share capital decreased by approximately 1.5% following the repurchase of restricted stocks [186]. Financial Performance - The company reported a significant focus on future development plans and potential risks in its 2020 operational plan [4]. - The company’s operating revenue for 2019 was CNY 1,092,321,442.57, a decrease of 42.45% compared to CNY 1,898,158,382.53 in 2018 [16]. - The net profit attributable to shareholders for 2019 was CNY 134,997,926.83, down 59.87% from CNY 336,389,804.53 in 2018 [16]. - The net cash flow from operating activities was negative CNY 267,042,882.90, a decline of 186.44% compared to CNY 308,950,003.63 in 2018 [16]. - The basic earnings per share for 2019 was CNY 0.17, a decrease of 60.47% from CNY 0.43 in 2018 [16]. - The weighted average return on net assets for 2019 was 6.92%, down from 20.44% in 2018, reflecting a significant decline in profitability [16]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 137,568,478.64, a decrease of 47.39% from CNY 261,472,491.31 in 2018 [16]. - The company achieved a revenue of 1,092.32 million yuan and a net profit of 134.99 million yuan in 2019, laying a solid foundation for future stable development [41]. Business Operations and Market Position - The company maintained high investment in internet traffic resources in 2019 to stay competitive in the gaming industry [21]. - The company’s game business achieved revenue of 784 million yuan, capturing approximately 0.50% of the mobile game market, which had a total sales revenue of 158.11 billion yuan in 2019, reflecting a year-on-year growth of 18.0% [30]. - The company is actively exploring overseas game operations, with a subsidiary in Japan already established to promote independent games [43]. - The company is focusing on compliance and quality in its game operations, having obtained multiple game licenses since the resumption of approvals in December 2018 [30]. - The company is actively expanding into the smart grid and high-end intelligent technology sectors, including the production of unmanned delivery robots [38]. - The company has successfully developed and operated several digital entertainment products, including popular titles that have won national awards, showcasing its strong R&D capabilities [26]. Investment and Financial Strategy - The company plans to continue its investment strategy focused on financial products, securities, and equity investments to drive its industrial transformation and upgrade [28]. - The company has established a long-term partnership with well-known enterprises such as ABB and Schneider, aiming to leverage its 20 years of experience in the electrical industry to enhance its product offerings [31]. - The company has strengthened risk control in its investment business, reducing the frequency of securities investments to ensure stable development [32]. - The company’s long-term loans increased by 269.75 million yuan, primarily due to a new long-term loan from Industrial and Commercial Bank of China [34]. - The company’s total investment amount for the reporting period reached ¥2,704,890,052.22, representing a significant increase of 167.02% compared to the previous year's investment of ¥1,012,980,933.46 [76]. Research and Development - The company reported a significant increase in R&D expenses, totaling approximately 72.32 million yuan, which is a 34.27% increase from the previous year, aimed at enhancing product technology and innovation [62]. - R&D investment increased by 23.93% to ¥77,370,912.34 in 2019, accounting for 7.08% of operating revenue, up from 3.29% in 2018 [64]. - The number of R&D personnel rose to 368, representing 42.30% of the workforce, an increase of 0.41% from the previous year [64]. - The company aims to enhance its R&D capabilities and increase the proportion of self-developed games, contributing significantly to performance [100]. Compliance and Governance - The company has committed to maintaining independence in assets, personnel, finance, business, and organization as per the acquisition report, with commitments made on June 22, 2016, and currently in normal performance [119]. - The company has guaranteed not to relinquish its controlling shareholder status for a period of 60 months from the completion of the transaction, with commitments made on December 20, 2017, and currently in normal performance [119]. - The company has ensured that any related transactions will be conducted at fair prices to protect the interests of the company and its shareholders, with commitments made on December 21, 2017, and currently in normal performance [120]. - The company has not faced any penalties or rectification issues during the reporting period [135]. Legal Matters - The company is involved in a copyright dispute with Shanghai Xuanting Entertainment Technology Co., Ltd., with a first-instance judgment requiring the company to compensate 5 million yuan for economic losses and reasonable expenses [133]. - The company has a total of 11 ongoing lawsuits, with a total amount involved of approximately 5,001,238 yuan, and 3 cases have reached mediation with both parties not bearing compensation responsibility [134]. - The company has a total of 8 lawsuits where it or its subsidiaries are defendants, with a total amount involved of approximately 1,754.01 million yuan [134]. Social Responsibility and Sustainability - The company emphasizes environmental protection and sustainable development, focusing on green and low-carbon production processes [170]. - The company actively fulfills its social responsibilities, balancing economic benefits with social and environmental considerations [166]. - The company does not belong to the key pollutant discharge units as identified by environmental protection authorities [170].

深圳市惠程信息科技股份有限公司 2019 年第三季度报告全文 深圳市惠程信息科技股份有限公司 2019 年第三季度报告 2019 年 10 月 1 深圳市惠程信息科技股份有限公司 2019 年第三季度报告全文 第一节 重要提示 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、误导性陈述或者重大遗漏，并承担个别和连 带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人徐海啸、主管会计工作负责人方莉及会计机构负责人(会计主管 人员)王烨声明：保证季度报告中财务报表的真实、准确、完整。 2 深圳市惠程信息科技股份有限公司 2019 年第三季度报告全文 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期末 | 上年度末 | | 本报告期末比上年度末增减 | | --- | --- | --- | --- | --- | | 总资产（元） | 3,719,391,371.02 | 3,701,460,497.85 | | 0.48% | | 归属于上市公司股东的净资产（元） | ...

证券代码：002168 证券简称：惠程科技 公告编号：2019-076 关于参加2019年深圳上市公司投资者网上集体接待日 活动的公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，不存在虚假记 载、误导性陈述或者重大遗漏。 为进一步加强与投资者的互动交流工作，深圳市惠程信息科技股份有限公司 （以下简称"公司"）将参加由深圳上市公司协会、深圳市全景网络有限公司共 同举办的"改革创新发展 沟通互信共赢"——深圳辖区上市公司 2019 年度投资 者网上集体接待日主题活动，现将有关事项公告如下：本次集体接待日活动将在 深圳市全景网络有限公司提供的网上平台，采取网络远程的方式举行，投资者可 以登录"全景•路演天下"网站（http://rs.p5w.net/）或关注微信公众号：全 景财经，参与公司本次投资者集体接待日活动，活动时间为 2019 年 9 月 3 日 14:00 至 18:00。 届时公司的财务总监方莉女士、董事会秘书刘扬女士将通过网络文字交流形 式与投资者进行沟通。 欢迎广大投资者积极参与。 特此公告。 深圳市惠程信息科技股份有限公司 董事会 二零一九年八月三十一日 1 ...

Financial Performance - The company reported a revenue of RMB 1.2 billion for the first half of 2019, representing a year-on-year increase of 15%[12]. - The net profit attributable to shareholders for the same period was RMB 150 million, up 10% compared to the previous year[12]. - The company's operating revenue for the first half of 2019 was ¥437,089,304.16, a decrease of 61.03% compared to ¥1,121,517,683.86 in the same period last year[18]. - The net profit attributable to shareholders was ¥57,224,634.80, down 77.10% from ¥249,889,853.78 year-on-year[18]. - The total revenue for the reporting period was RMB 437.09 million, a decrease of 61.03% compared to RMB 1.12 billion in the same period last year[44]. - The gaming sector's revenue dropped by 67.30%, contributing RMB 324.22 million, down from RMB 991.60 million year-on-year[47]. - The company reported a significant increase in fair value gains of 576.58%, amounting to RMB 10.82 million, due to the appreciation of securities assets[45]. - The company reported a total profit of CNY -31,575,646.35 for the first half of 2019, compared to CNY 164,469,625.99 in the same period of 2018[149]. - The total comprehensive income for the first half of 2019 was CNY 93,562,332.15, reflecting the company's performance during the half-year[157]. User Growth and Market Expansion - User data showed an increase in active users by 20% year-on-year, reaching 5 million active users by June 30, 2019[12]. - The company is expanding its market presence in Southeast Asia, targeting a 10% market share by the end of 2020[12]. - The company aims to expand its market presence by exploring overseas game distribution models to sustain long-term growth potential[70]. Research and Development - The company plans to invest RMB 200 million in R&D for new products and technologies in the upcoming year[12]. - The company plans to enhance its research and development efforts in smart integrated products for power distribution equipment, aiming to capitalize on the opportunities presented by the "Ubiquitous Power Internet of Things" initiative[28]. - Research and development expenses increased by 17.72% to RMB 37.19 million due to the rise in R&D projects[45]. - The company is actively investing in the unmanned delivery robot project to expand into the modern intelligent robotics sector, recognizing the long-term growth potential in this market[29]. - The company is focusing on the development of smart manufacturing and the integration of power distribution equipment to adapt to market changes and enhance competitiveness[68]. Strategic Initiatives - A strategic acquisition of a local tech firm is expected to enhance the company's product offerings and market reach, with a deal value of approximately RMB 300 million[12]. - The company aims to launch two new product lines by Q4 2019, which are anticipated to contribute an additional RMB 100 million in revenue[12]. - The company is collaborating with Tencent to establish a strategic alliance to support independent game development[41]. - The company plans to launch significant new products, including "Explosive Three Kingdoms," to enhance its product line and meet performance commitments[72]. Financial Management and Investments - The company will not distribute cash dividends for the current fiscal year, focusing on reinvestment for growth[5]. - The company plans to repurchase shares with a total amount not exceeding RMB 150 million and not less than RMB 100 million, having already repurchased 17,586,400 shares, accounting for 2.19% of the total share capital[42]. - The company has begun small-scale production of unmanned delivery robots, targeting the last-mile delivery issue, which presents significant growth potential[40]. - The company has restricted cash of approximately RMB 15.97 million due to bank guarantees and acceptance bill deposits[54]. - The company reported a total of ¥143,071,653.93 in financial assets measured at fair value, with a fair value change gain of ¥10,820,780.96 during the reporting period[57]. Risk Management - The management highlighted potential risks including market competition and regulatory changes, with strategies in place to mitigate these risks[4]. - The company is focusing on risk control in its investment business to ensure sustainable and stable development amid market fluctuations[31]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 50,314[125]. - The largest shareholder, Zhongchi Huicheng Enterprise Management Co., Ltd., holds 52,000,000 shares, representing a significant portion of the company's equity[125]. - The company has a total of 24,045,000 restricted shares, with 4,485,075 shares released during the reporting period[122]. Compliance and Governance - The company did not report any significant litigation or arbitration matters during the reporting period[83]. - The company has not undergone any bankruptcy reorganization during the reporting period[82]. - The company has not faced any media scrutiny during the reporting period[85]. - The company has not experienced any penalties or rectification issues during the reporting period[86]. Accounting and Financial Reporting - The financial report for the first half of 2019 was not audited[138]. - The company adheres to the accounting policies and estimates as outlined in its financial report, ensuring accurate reflection of its financial status[183]. - The company’s financial reporting period aligns with the calendar year, from January 1 to December 31[184].

Financial Performance - The company's operating revenue for Q1 2019 was ¥221,860,514.47, a decrease of 63.27% compared to ¥604,057,765.92 in the same period last year[8] - The net profit attributable to shareholders was ¥26,596,218.40, down 82.97% from ¥156,162,545.94 year-on-year[8] - The net profit after deducting non-recurring gains and losses was ¥25,260,541.31, reflecting an 83.68% decline from ¥154,818,894.71 in the previous year[8] - Basic and diluted earnings per share were both ¥0.03, down 84.21% from ¥0.19 in the previous year[8] - The weighted average return on equity decreased to 1.81%, down 9.13% from 10.94% year-on-year[8] - The company's operating revenue for Q1 2019 was ¥221,860,514.47, a decrease of 63.27% compared to ¥604,057,765.92 in Q1 2018, primarily due to the delayed product launch of the subsidiary, Duokemeng[20] - The company's financial expenses increased by 2,309.87% to ¥7,469,636.51 in Q1 2019, attributed to the increased scale of loans for the Duokemeng project[20] - The company's development expenses rose by 30.68% to ¥5,741,565.94 in Q1 2019, driven by increased R&D expenditures for self-developed patent technologies[20] - The company reported a total of CNY 50,594,816.10 in trading financial assets as of March 31, 2019, compared to zero at the end of 2018[38] - The company reported a total of CNY 1,495,925,870.01 in current assets, up from CNY 1,381,660,928.01, an increase of about 8.3%[44] Cash Flow - The net cash flow from operating activities was -¥132,995,439.10, a significant drop of 1,321.79% compared to ¥10,885,271.63 in the same period last year[8] - The net cash flow from operating activities was -132,995,439.10, a significant decrease compared to 10,885,271.63 in the previous period, indicating a decline of approximately 1,325%[54] - Cash inflow from operating activities totaled 259,220,488.79, down 54.5% from 569,566,431.13 in the prior period[54] - Cash outflow from operating activities increased to 392,215,927.89, a decrease of 29.8% compared to 558,681,159.50 in the previous period[54] - The net cash flow from investment activities was 31,286,067.08, down 71.6% from 110,295,642.41 in the previous period[54] - Cash inflow from investment activities was 219,360,871.36, a decrease of 55.9% compared to 497,078,016.80 in the prior period[54] - Cash outflow from investment activities decreased to 188,074,804.28, down 51.4% from 386,782,374.39 in the previous period[54] - The net cash flow from financing activities was 4,385,193.84, an improvement from -90,496,707.40 in the previous period[55] - Total cash and cash equivalents at the end of the period were 636,019,370.34, down from 733,303,657.33 at the beginning of the period[55] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,691,326,871.46, a slight decrease of 0.27% from ¥3,701,460,497.85 at the end of the previous year[8] - The company's cash and cash equivalents decreased to CNY 648,053,781.12 from CNY 749,630,841.74[38] - The accounts receivable stood at CNY 393,646,505.78, down from CNY 404,200,072.52[38] - The company's inventory increased to CNY 73,190,398.70 from CNY 64,987,559.66[38] - Non-current assets totaled CNY 1,949,745,729.19, up from CNY 1,914,375,538.10[39] - The company's short-term borrowings remained unchanged at CNY 113,871,471.84[39] - The accounts payable decreased to CNY 384,533,736.16 from CNY 424,493,722.08[39] - Total liabilities amounted to CNY 1,651,850,073.78, up from CNY 1,533,876,325.81, indicating an increase of around 7.67%[45] - Owner's equity totaled CNY 1,662,985,711.83, slightly down from CNY 1,668,392,722.48, a decrease of about 1.7%[45] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 49,317[12] - The total equity attributable to shareholders of the parent company was CNY 1,970,518,287.45, up from CNY 1,943,899,800.92, an increase of approximately 1.4%[41] Government Support - The company received government subsidies amounting to ¥1,571,409.78, primarily related to local government support policies[9] - The company reported a significant increase in government subsidies, with operating other income rising by 242.00% to ¥1,571,409.78 in Q1 2019[20] Subsidiary Activities - The company established a new subsidiary, Chengdu Duoqu Network Technology Co., Ltd., with an investment of ¥10 million in January 2019[24] - The company plans to dissolve its subsidiary, Huludao Gongchuang Network Technology Co., Ltd., due to lack of business operations and inability to secure favorable policies[24] - The company acquired 853,000 shares of Aikouyou Technology Co., Ltd., representing approximately 1.67% of its total equity, for no more than ¥20.05 million[24] Compliance and Standards - The company is subject to new financial accounting standards effective from January 1, 2019, which may impact future financial reporting[62] - The company adopted new financial accounting standards effective January 1, 2019, impacting the reporting of financial instruments[67] - The first quarter report was not audited, indicating that the figures presented are preliminary and subject to change[67]

Financial Performance - The company's operating revenue for 2018 was CNY 1,898,158,382.53, representing a 408.65% increase compared to CNY 373,172,726.25 in 2017 [20]. - The net profit attributable to shareholders for 2018 was CNY 336,389,804.53, a significant turnaround from a loss of CNY 107,607,635.77 in 2017, marking a 412.61% increase [20]. - The net profit after deducting non-recurring gains and losses was CNY 261,472,491.31, up 326.50% from a loss of CNY 115,438,310.62 in the previous year [20]. - The net cash flow from operating activities reached CNY 308,950,003.63, a remarkable increase of 5,747.52% compared to a negative cash flow of CNY 5,470,546.80 in 2017 [20]. - Basic earnings per share for 2018 were CNY 0.43, recovering from a loss of CNY 0.14 per share in 2017 [20]. - The total revenue for 2018 reached ¥1,898,158,382.53, a significant increase of 408.65% compared to ¥373,172,726.25 in 2017 [55]. - The gaming industry contributed ¥1,572,809,999.93, accounting for 82.86% of total revenue, with a staggering growth of 3,247.88% year-over-year [55]. - The company achieved a net profit of 32,279.43 million CNY for the year 2018, exceeding the performance commitment of 18,800 million CNY by 171.70% [138]. Assets and Liabilities - Total assets at the end of 2018 amounted to CNY 3,701,460,497.85, reflecting a 14.45% increase from CNY 3,234,129,192.61 at the end of 2017 [20]. - The net assets attributable to shareholders increased by 44.03% to CNY 1,943,899,800.92 from CNY 1,349,637,156.94 in 2017 [20]. - The company's fixed assets decreased by 6.07 million yuan due to the transfer of fixed assets to investment properties during the reporting period [42]. - The company's long-term borrowings increased by 289.10 million yuan, attributed to the acquisition loan for the merger project of its subsidiary [42]. - The total liabilities increased, with short-term borrowings rising to ¥113,871,471.84, up from ¥66,481,627.61, reflecting new working capital loans [81]. Investments and Acquisitions - The company completed the acquisition of 77.57% of Docomon, expanding its business into big data marketing and mobile game development [18]. - The company has successfully established an industrial merger fund to invest in high-growth potential projects, enhancing its profitability and facilitating industrial upgrades [50]. - The company completed an equity investment of ¥250 million, acquiring a 25% stake in Huizhi Network Technology Co., Ltd. as of December 7, 2018 [88]. - The company has established a new subsidiary, Huizhi Network, with a registered capital of RMB 10 million, where it contributed RMB 9 million [100]. - The company has committed to a profit guarantee for the subsidiary Douke Meng, with minimum net profit targets set at 14,500 million CNY, 18,800 million CNY, and 24,500 million CNY for the years 2017, 2018, and 2019 respectively [137]. Research and Development - The company emphasizes technological innovation and has partnered with institutions like Tsinghua University to enhance its R&D capabilities [44]. - The number of R&D personnel increased by 11.21% to 367, representing 41.89% of the total workforce [71]. - The company plans to enhance its research and development capabilities to transition low-value products into high-value intelligent products, aligning with market demands [108]. - The company plans to increase R&D investment in smart integrated products and industrial robots, leveraging 20 years of industry experience to capitalize on IoT opportunities in the electrical equipment sector [109]. Market and Industry Trends - In 2018, China's game market achieved actual sales revenue of 214.44 billion yuan, a year-on-year increase of 5.3% [37]. - The mobile game market in China generated actual sales revenue of 133.96 billion yuan in 2018, growing by 15.4% year-on-year, accounting for 62.5% of the overall game market [37]. - The Chinese gaming market is projected to account for 28% of the global market in 2018, with mobile games expected to represent 61% of the market share, increasing to 70% by 2021 [105]. - The national electricity consumption in China reached 6.84 trillion kWh in 2018, growing by 8.5%, with an expected growth of around 5.5% in 2019 [103]. Corporate Governance and Shareholder Relations - The board of directors and management guarantee the accuracy and completeness of the annual report [3]. - The company plans not to distribute cash dividends, issue bonus shares, or increase capital from reserves [5]. - The company has developed a three-year shareholder return plan (2018-2020) that outlines profit distribution methods and cycles [124]. - The company is committed to maintaining its control over the listed company and ensuring that its control rights do not change [128]. - The company has agreed to not engage in any business that competes with its subsidiary, ensuring no conflicts of interest arise post-transaction [130]. Operational Challenges and Risks - The company faced challenges in Q4 2018 due to intensified competition in the gaming market and regulatory tightening, leading to a decrease in net profit for that quarter [57]. - The company faces risks from industry policy changes and increased competition, necessitating a differentiated product strategy and improved production management [112]. - The company has faced challenges in its investment business due to regulatory changes and economic conditions, leading to noticeable fluctuations in investment returns in 2018 [101]. Social Responsibility and Sustainability - The company emphasizes sustainable development, balancing economic benefits with social and environmental responsibilities [193]. - The company actively participates in social responsibility initiatives, including donations to charitable causes totaling RMB 400,000 during the reporting period [196]. - The company is not classified as a key pollutant discharge unit and focuses on green development and low-carbon production processes [198].