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游族网络(002174) - 2016 Q3 - 季度财报(更新)
2016-10-28 16:00
Financial Performance - Operating revenue for the period reached CNY 733.93 million, representing an 89.02% increase year-on-year[7] - Net profit attributable to shareholders was CNY 126.40 million, a 2.67% increase compared to the same period last year[7] - The company reported a year-to-date net profit of CNY 360.87 million, reflecting a 5.91% increase compared to the previous year[7] - Total operating revenue for Q3 2016 was CNY 733,934,273.17, compared to CNY 388,277,205.45 in the previous period, indicating a significant increase[46] - Net profit for the period reached CNY 129,601,073.26, up from CNY 120,661,158.98 year-over-year, with net profit attributable to shareholders of the parent company at CNY 126,401,973.26[47] - The net profit for the year-to-date was CNY 363,589,384.24, compared to CNY 332,925,210.56 in the previous year[55] Assets and Liabilities - Total assets increased by 51.87% to CNY 4.44 billion compared to the end of the previous year[7] - The ending balance of cash and cash equivalents was 507.24 million CNY, an increase of 151.86% compared to the beginning of the period, mainly due to the maturity of 200 million CNY financial products purchased last year[15] - Accounts receivable at the end of the period was 538.27 million CNY, an increase of 40.57%, primarily due to increased operating revenue[15] - Total liabilities stood at CNY 1,941,785,246.24, compared to CNY 736,697,358.31 in the previous period, indicating a substantial increase[41] - The company's non-current assets totaled 3,081,349,567.60 RMB, up from 1,945,481,367.71 RMB, showing growth in long-term investments[39] Cash Flow - The net cash flow from operating activities for the year-to-date reached CNY 371.10 million, an increase of 54.39%[7] - The net cash flow from operating activities was ¥371,103,105.25, up from ¥240,365,045.20 in the previous period, reflecting improved operational efficiency[63] - The total cash outflow from operating activities was 492,093,375.28 CNY, compared to 69,178,771.72 CNY in the previous year[66] Shareholder Information - The number of total shareholders at the end of the reporting period was 47,896[11] - The largest shareholder, Lin Qi, holds 35.13% of the shares, with 240.15 million shares pledged[11] - The company did not engage in any repurchase transactions among the top ten shareholders during the reporting period[12] Commitments and Compliance - The company has committed to maintaining its independence and has strictly fulfilled this commitment since May 2014[24] - The company has a permanent commitment to avoid and reduce related party transactions, which has been strictly adhered to since May 2014[23] - The company has undertaken to ensure compliance with intellectual property regulations and will bear any economic losses resulting from litigation[26] - The company has a commitment to ensure that the audited profit commitments are met during the commitment period, or it will issue share repurchase[23] Investment and Acquisitions - The ending balance of goodwill was 987.08 million CNY, an increase of 86.19%, resulting from the acquisition of Bigpoint[15] - The ending balance of intangible assets was 205.03 million CNY, an increase of 1478.67%, primarily due to the intangible assets added from the acquisition of Bigpoint[15] - The company plans to issue non-public A-shares to specific investors, including Guangfa Asset Management, to raise funds for future projects[17] Operational Efficiency - Operating costs for the same period amounted to 945.85 million CNY, an increase of 130.92%, attributed to the increase in the number of game projects and significant promotional costs for new games[16] - The company reported an investment income of CNY 15,816,806.72, a recovery from a loss of CNY 2,182,546.02 in the previous period[47] Miscellaneous - The company reported no violations regarding external guarantees during the reporting period[32] - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[33] - The report was presented by the Chairman, Lin Qi, on October 25, 2016[69]
游族网络(002174) - 2016 Q3 - 季度财报
2016-10-25 16:00
Financial Performance - Operating revenue for the period reached CNY 733,934,273.17, representing an 89.02% increase year-on-year[8] - Net profit attributable to shareholders was CNY 126,401,973.26, a 2.67% increase compared to the same period last year[8] - The net profit excluding non-recurring gains and losses decreased by 8.02% to CNY 109,030,085.21[8] - Basic earnings per share remained stable at CNY 0.15, with a 5.00% increase in diluted earnings per share to CNY 0.15[8] - The weighted average return on equity decreased by 49.77% to 5.20% for the current period[8] - The operating revenue from the beginning of the year to the end of the reporting period is 1.75 billion yuan, an increase of 68.31% year-on-year, driven by expanded business scale and increased user recharge consumption[16] - The operating cost for the same period is 945.85 million yuan, an increase of 130.92% year-on-year, mainly due to the increase in the number of game projects and significant advertising costs for new game promotions[17] - The company achieved a net profit of 285.72 million yuan for 2013, with commitments to reach 386.96 million yuan in 2014, 451.31 million yuan in 2015, and 522.49 million yuan in 2016[24] - The estimated net profit attributable to shareholders for 2016 is projected to be between 54,134.49 and 61,867.99 million CNY, representing a growth of 5.00% to 20.00% compared to the previous year[32] - The net profit for 2015 attributable to shareholders was 51,556.66 million CNY, indicating stable growth in performance for 2016[32] Assets and Liabilities - Total assets increased by 51.87% to CNY 4,441,850,153.66 compared to the end of the previous year[8] - The ending balance of cash and cash equivalents is 507.24 million yuan, an increase of 151.86% compared to the beginning of the period, mainly due to the maturity of 200 million yuan financial products purchased last year[16] - The ending balance of accounts receivable is 538.27 million yuan, an increase of 40.57% compared to the beginning of the period, primarily due to increased operating revenue[16] - The intangible assets ending balance is 205.03 million yuan, an increase of 1478.67% compared to the beginning of the period, mainly due to the acquisition of Bigpoint[16] - The goodwill ending balance is 987.08 million yuan, an increase of 86.19% compared to the beginning of the period, resulting from the acquisition of Bigpoint[16] - The company’s short-term borrowings have increased to 410 million yuan, a rise of 105% compared to the beginning of the period, reflecting increased bank borrowings[16] - The company has seen a significant increase in deferred income, with an ending balance of 82.96 million yuan, up 1718.51% compared to the beginning of the period, due to the consolidation of long-term props-related deferred income[16] Shareholder Information - The total number of shareholders at the end of the reporting period was 47,896[12] - The largest shareholder, Lin Qi, holds 35.13% of the shares, with 302,595,810 shares pledged[12] - The company did not engage in any repurchase transactions during the reporting period[13] Commitments and Compliance - The company has committed to maintaining its independence and avoiding related party transactions, with a commitment made in May 2014[25] - The company has a strict commitment to not transfer shares for 36 months from the date of new shares listing, as per agreements made in May 2014[23] - The company is under a permanent commitment to ensure compliance with intellectual property regulations and to mitigate economic losses from litigation[27] - The company has established a commitment to ensure that the audited profit commitments are met during the forecast period, or it will issue share buybacks[24] - The company has a commitment to reduce related party transactions, which was established in May 2014[25] - The company has a commitment to ensure that the net profit attributable to the parent company meets specified thresholds, with detailed figures outlined for each year from 2013 to 2016[24] - The company has undertaken to compensate for any economic losses exceeding the estimated liabilities due to litigation matters[27] - The company has a commitment to ensure that any non-compliance with intellectual property regulations will result in joint liability for economic losses incurred[27] - The company reported a commitment to achieve a profit realization of 35% of shares, with a potential unlock of 30% of shares after the profit is realized in 2016[28] - New shares will be restricted from transfer or unlocking for 12 months after listing, with a 50% unlock after 12 months, 25% after 24 months, and full unlock after 36 months[29] - The company has made commitments to avoid direct or indirect financial assistance or compensation related to asset management products[30] Investor Relations - The company has been actively communicating with investors, discussing new game developments and strategic plans[35] - There are no non-operating fund occupations by controlling shareholders or their affiliates during the reporting period[34] - The company has no violations regarding external guarantees during the reporting period[33]
游族网络(002174) - 2016 Q2 - 季度财报
2016-08-23 16:00
Financial Performance - The company's operating revenue for the first half of 2016 was ¥1,015,925,153.61, representing a 55.97% increase compared to ¥651,360,926.43 in the same period last year[19]. - The net profit attributable to shareholders was ¥234,463,407.61, which is a 7.74% increase from ¥217,609,651.44 year-on-year[19]. - The net cash flow from operating activities reached ¥275,303,863.86, marking a significant increase of 106.53% compared to ¥133,297,333.42 in the previous year[19]. - Total assets at the end of the reporting period amounted to ¥4,188,904,135.36, a 43.23% increase from ¥2,924,683,775.92 at the end of the previous year[19]. - The basic earnings per share decreased by 65.82% to ¥0.27 from ¥0.79 in the previous year[19]. - The weighted average return on net assets was 10.30%, down 11.18% from 21.48% in the previous year[19]. - The net profit after deducting non-recurring gains and losses was ¥233,073,618.81, reflecting a 6.39% increase from ¥219,067,274.59 year-on-year[19]. - Total operating revenue reached ¥1,013,022,330.27, with a year-on-year increase of 55.85%[48]. - Mobile game revenue was ¥519,288,293.03, representing a year-on-year growth of 78.87%[48]. - The overseas revenue was ¥480,482,834.81, with a significant year-on-year increase of 60.53%[48]. Strategic Focus - The company plans to focus on global game development and distribution, big data applications, IP development and operation, and investments in the pan-entertainment industry[27]. - The company aims to enhance its business profitability and develop new profit growth points to meet the rapidly growing market demand[27]. - The company is focusing on both "internal growth" and "external expansion" strategies to sustain its growth momentum[28]. - The company is focusing on big data services through its Mob platform, collaborating with Google, Facebook, and Alibaba to enhance its mobile developer ecosystem[41]. - The company is focusing on new product development and market expansion strategies to enhance its competitive position in the industry[161]. Acquisitions and Investments - The company acquired German game developer BP, enhancing its global industry chain layout and product development capabilities[28]. - The company completed the acquisition of Bigpoint, a leading European game developer, to enhance its international business and expand its game offerings[40]. - The company acquired exclusive rights to distribute the popular Japanese IP game "Touken Ranbu" in China, enhancing its presence in the two-dimensional market[39]. - The company invested ¥756,158,179.37 in external equity, a substantial increase from ¥66,000,000.00 in the same period last year[54]. - The company acquired a leading mobile big data company, laying a solid foundation for entering the big data industry[53]. Financial Management - The company appointed a new financial director, Xiong Wei, on April 28, 2016, to enhance financial management[150]. - The company has not conducted an audit for the half-year financial report, which may affect the reliability of the financial data presented[149]. - The company has made commitments regarding share transfer restrictions for 36 months from the date of new share issuance, starting from May 16, 2014[113]. - The company has a commitment to ensure that any economic losses due to litigation will be compensated by the controlling person, Lin Qi[116]. - The company has established a permanent commitment to ensure the accuracy and integrity of its financial data[117]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 57,161[138]. - The largest shareholder, Lin Qi, holds 35.13% of the total shares, amounting to 302,595,810 shares[140]. - The second-largest shareholder, Zhu Weisong, holds 9.38% of the total shares, amounting to 80,764,000 shares[140]. - The total number of shares held by the top ten unrestricted shareholders is 399,512,610[145]. - The company’s internal shareholders hold 69.11% of the shares, with domestic natural persons holding 48.87%[126]. Operational Highlights - The company launched multiple successful games, including "Goddess Alliance" and "The Emperor," contributing to stable revenue sources[28]. - Research and development expenses increased by 45.42% to ¥79,083,694.78, driven by the growth in game projects[32]. - Sales expenses rose by 55.55% to ¥72,633,217.87, primarily due to increased promotional costs for new game projects[32]. - Financial expenses surged by 275.56% to ¥15,600,127.42, mainly due to increased bank borrowings[32]. - The company launched several popular products, including "Goddess Alliance 2" and "Furious Wings," expanding its mobile game portfolio[37]. Compliance and Governance - The governance structure complies with the requirements of the Company Law and relevant regulations[90]. - The company has not faced any major litigation or arbitration matters during the reporting period[91]. - No significant related party transactions were reported during the period[98]. - The company has made commitments to avoid and reduce related party transactions[114]. - The company’s financial reports comply with the requirements of the Chinese accounting standards and reflect its financial position as of June 30, 2016[197].
游族网络(002174) - 2016 Q1 - 季度财报(更新)
2016-05-04 16:00
Financial Performance - The company's operating revenue for Q1 2016 was ¥441,641,945.07, representing a 45.92% increase compared to ¥302,652,829.06 in the same period last year[8] - The net profit attributable to shareholders for Q1 2016 was ¥110,325,506.39, a 5.82% increase from ¥104,256,486.72 in the previous year[8] - The net cash flow from operating activities surged to ¥79,117,998.89, marking a significant increase of 480.23% from ¥13,635,629.59 in the prior year[8] - The total assets at the end of the reporting period were ¥2,960,976,046.04, reflecting a 1.24% increase from ¥2,924,683,775.92 at the end of the previous year[8] - The net assets attributable to shareholders increased by 2.60% to ¥2,245,154,878.19 from ¥2,188,211,216.37 at the end of the previous year[8] - The weighted average return on equity decreased to 4.74%, down by 6.16% from 10.90% in the same period last year[8] - The company reported a basic earnings per share of ¥0.38, unchanged from the previous year[8] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 20,317[11] - The largest shareholder, Lin Qi, holds 35.13% of the shares, with 100,865,270 shares pledged[11] - The company did not engage in any repurchase transactions among the top 10 shareholders during the reporting period[12] Cash and Financial Management - The ending balance of cash and cash equivalents was 292.24 million RMB, an increase of 45.11% compared to the beginning of the period, mainly due to the maturity of 200 million RMB financial products purchased last year[15] - The ending balance of accounts payable was 102.05 million RMB, an increase of 70.02% compared to the beginning of the period, mainly due to increased promotional costs for new products[15] - The company reported a financial expense of 6.19 million RMB, a significant increase of 5,767.09% year-on-year, primarily due to interest on a 450 million RMB bank loan[15] - Deferred income at the end of the period was 7.65 million RMB, an increase of 67.59% compared to the beginning of the period, mainly due to government subsidies received during the period[15] Future Plans and Investments - The company plans to issue up to 100 million A-shares through a private placement to fund game development, big data analysis projects, and the acquisition of a 97% stake in Qingguo Lingdong[18] - The company intends to publicly issue corporate bonds totaling no more than 800 million RMB to adjust its debt structure and supplement working capital[20] - The acquisition of German company BP is planned for an investment of up to 80 million euros (approximately 58.36 million RMB) through its wholly-owned subsidiary YOUSU GmbH[21] Profit Forecast and Commitments - The net profit attributable to the parent company for 2016 is projected to be no less than 285.72 million yuan, 386.96 million yuan, 451.31 million yuan, and 522.49 million yuan for the years 2013, 2014, 2015, and 2016 respectively[24] - The net profit attributable to shareholders for the first half of 2016 is expected to be between 228.49 million and 261.13 million RMB, representing a growth of approximately 5% to 20% compared to the same period last year[32] - The net profit for the first half of 2015 was 217.61 million RMB, indicating a steady growth trajectory for the company[32] - The company has made a commitment to ensure that the net profit during the profit commitment period will be compensated if it does not meet the forecast[25] Compliance and Governance - The company has committed to maintaining its independence and avoiding related party transactions permanently[25] - The company has signed a settlement agreement with Adobe regarding a copyright infringement case, ensuring compliance with the agreement and purchasing legitimate software worth 2 million yuan[26] - The company has established a commitment to ensure the accuracy and completeness of the information provided regarding its financial data[28] - The company has undertaken to promote the purchase of legitimate software to ensure compliance with intellectual property regulations[27] - The company has committed to strict adherence to its performance commitments and related agreements[25] Operational Strategy - The company is expected to continue its market expansion efforts and new product development in the upcoming quarters[31] - The company has committed to strict adherence to its operational plans established at the beginning of the year, which is expected to contribute to the positive performance forecast[32] - The company is actively engaging in communication with investors regarding its stock resumption plans and new game development initiatives[35] - The company has confirmed that its financial assistance commitments related to non-public offerings are being strictly fulfilled[36] - The company is focused on maintaining transparency and accountability in its financial reporting and operational commitments[36]
游族网络(002174) - 2016 Q1 - 季度财报
2016-04-28 16:00
Financial Performance - The company's operating revenue for Q1 2016 was ¥441,641,945.07, representing a 45.92% increase compared to ¥302,652,829.06 in the same period last year[8] - Net profit attributable to shareholders was ¥110,325,506.39, up 5.82% from ¥104,256,486.72 year-on-year[8] - The net cash flow from operating activities surged by 480.23%, reaching ¥79,117,998.89 compared to ¥13,635,629.59 in the previous year[8] - The total assets at the end of the reporting period were ¥2,960,976,046.04, a 1.24% increase from ¥2,924,683,775.92 at the end of the previous year[8] - The net assets attributable to shareholders increased by 2.60%, amounting to ¥2,245,154,878.19 compared to ¥2,188,211,216.37 at the end of the previous year[8] - The weighted average return on equity decreased by 6.16%, standing at 4.74% compared to 10.90% in the same period last year[8] - The company reported a basic earnings per share of ¥0.38, unchanged from the previous year[8] - Operating revenue for the period was 441.64 million RMB, an increase of 45.92% year-on-year, driven by expanded operations and increased user recharge flow[15] - Operating costs for the period were 330.35 million RMB, up 82.04% year-on-year, mainly due to an increase in project numbers and significant promotional costs for new games[15] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 287,105,015[11] - The largest shareholder, Lin Qi, holds 35.13% of the shares, with 100,865,270 shares pledged[11] - The company did not engage in any repurchase transactions among the top 10 shareholders during the reporting period[12] Cash Flow and Financial Position - The company's cash and cash equivalents at the end of the period amounted to 292.24 million RMB, an increase of 45.11% compared to the beginning of the period, primarily due to the maturity of 200 million RMB financial products[15] - The net cash flow from operating activities was 79.12 million RMB, a substantial increase of 480.23% year-on-year, attributed to a 65.45% rise in cash income from sales[16] - The company reported a significant increase in accounts payable, which reached 102.05 million RMB, up 70.02% from the beginning of the period, due to increased promotional costs for new products[15] - Deferred income increased by 67.59% to 7.65 million RMB, primarily from government subsidies received during the period[15] - Financial expenses surged by 5,767.09% to 6.19 million RMB, mainly due to interest on a 450 million RMB bank loan[15] Future Plans and Investments - The company plans to issue up to 100 million A-shares to raise funds for game development, big data analysis, and acquisition of a 97% stake in Qingguo Lingdong[18] - The company intends to publicly issue corporate bonds totaling no more than 800 million RMB to adjust its debt structure and supplement working capital[20] - The acquisition of German company BP is planned for an investment of up to 80 million euros (approximately 58.36 million RMB) through its wholly-owned subsidiary[21] Profit Forecast and Commitments - The net profit attributable to the parent company for 2016 is projected to be no less than CNY 285.72 million, CNY 386.96 million, CNY 451.31 million, and CNY 522.49 million for the years 2013, 2014, 2015, and 2016 respectively[24] - The net profit attributable to shareholders for the first half of 2016 is expected to be between 228.49 million and 261.13 million RMB, representing a growth of approximately 5% to 20% compared to the same period last year[32] - The net profit for the first half of 2015 was 217.61 million RMB, indicating a steady growth trajectory for the company[32] - The company has committed to strict adherence to its operational plans set at the beginning of the year, which is expected to contribute to the positive performance forecast[32] - The company anticipates a positive net profit for the first half of 2016, which is not a turnaround situation[31] Compliance and Governance - The company has committed to maintaining its independence and avoiding related party transactions permanently[25] - The company has signed a settlement agreement with Adobe regarding a copyright infringement case, which includes obligations to purchase legitimate software worth CNY 2 million[26] - The company has undertaken to ensure compliance with intellectual property regulations and to compensate for any economic losses exceeding the estimated liabilities due to litigation[27] - The company has a commitment to not transfer or unlock newly issued shares for 12 months post-listing, with further restrictions on share unlocks based on profit realizations[28] - There are no reported violations regarding external guarantees during the reporting period[33] - The company has not experienced any non-operating fund occupation by controlling shareholders or their affiliates during the reporting period[34] Communication and Investor Relations - The company is actively engaging in communication regarding its stock resumption plans and new game development initiatives[35] - The company has received inquiries about its first-quarter performance and operational status, indicating ongoing interest from investors[36] - The company is committed to ensuring the authenticity and completeness of its financial disclosures, as stated in its commitments[30] - The company is focused on avoiding competition with its shareholders and ensuring compliance with related commitments[30]
游族网络(002174) - 2015 Q4 - 年度财报(更新)
2016-02-22 16:00
Financial Performance - The company's operating revenue for 2015 was ¥1,534,687,492.10, representing an increase of 81.94% compared to ¥843,535,682.27 in 2014[17] - The net profit attributable to shareholders of the listed company was ¥515,566,574.58, a growth of 24.35% from ¥414,593,358.26 in the previous year[17] - The net cash flow from operating activities reached ¥328,465,709.34, up 34.71% from ¥243,833,605.25 in 2014[17] - The total assets at the end of 2015 amounted to ¥2,924,683,775.92, reflecting a 112.63% increase from ¥1,375,491,670.86 at the end of 2014[17] - The net assets attributable to shareholders of the listed company were ¥2,188,211,216.37, which is a 141.93% increase compared to ¥904,467,218.77 in 2014[18] - The basic earnings per share for 2015 was ¥1.86, an increase of 11.38% from ¥1.67 in 2014[17] - The company reported quarterly revenues of ¥495,049,360.22 in Q4 2015, marking the highest quarterly revenue for the year[21] - The company achieved operating revenue of 1,534.69 million RMB, an increase of 81.94% compared to the same period last year[39] - Net profit attributable to the parent company was 515.57 million RMB, reflecting a year-on-year growth of 24.35%[39] Investment and Acquisitions - The acquisition of掌淘科技 led to a significant increase in data coverage from 1 billion devices at the beginning of 2015 to 3.28 billion by year-end, enhancing the company's data capabilities[28] - The company generated a goodwill of 530 million due to the premium paid for the acquisition of掌淘科技, reflecting its investment in expanding its data capabilities[29] - The company completed the acquisition of Guangzhou Zhangtao Network Technology Co., Ltd., integrating it into the consolidated financial statements for 2015[52] - The company completed the acquisition of 100% equity of Guangzhou Zhangtao Network Technology Co., Ltd. in November 2015, which is now included in the consolidated financial statements for 2015[126] - The company disposed of 51% equity of Shanghai Xiangyou Information Technology Co., Ltd. for a transfer price of RMB 1,020,000 in December 2015[126] Market Expansion and Strategy - The company’s strategic focus on "global distribution, big IP, and film-game linkage" has resulted in substantial growth in overseas and mobile game businesses[38] - The overseas revenue accounted for 50.21% of total operating revenue, with a year-on-year increase of 137.08%[45] - The mobile game segment saw a staggering growth of 623.05% year-on-year, contributing 720.53 million RMB to total revenue[45] - The company is focusing on expanding its market presence through technology transfer and consulting services[73] - The company is exploring potential mergers and acquisitions to strengthen its market position[75] - The company is focusing on strategic partnerships to drive growth and innovation in the gaming sector[75] - The company is exploring international market opportunities to expand its reach beyond domestic borders[182] Financial Management and Capital Structure - The company raised ¥52,650 million through a non-public offering of 5,909,090 shares at ¥89.10 per share[63] - The net cash flow from financing activities increased by 307.48% to ¥965,025,186.66, largely due to the capital raised from the stock issuance[62] - The company reported a significant increase in investment, with total investments reaching ¥809.66 million, a 531.58% increase from the previous year[66] - The company has committed a total investment of CNY 51,347.99 million, with CNY 29,175.59 million already invested, representing 56.73% of the total commitment[86] - The company has maintained a stable profit distribution policy, ensuring the protection of minority shareholders' rights[109] Research and Development - Research and development investment amounted to ¥133,058,077.22, a 60.68% increase compared to the previous year, representing 8.67% of operating revenue[60] - The number of R&D personnel increased by 63.55% to 700, with their proportion in the workforce rising to 53.39%[60] - The company plans to invest in new product development and technology, aiming for a 10,000 increase in R&D budget allocation[80] - The company is committed to developing new products and technologies in the computer and electronic sectors[73] Operational Efficiency and Challenges - The company faced risks including industry growth slowdown and intensified market competition, which may impact future performance[5] - The weighted average return on net assets decreased to 42.19% from 67.07% in the previous year, a decline of 24.88%[17] - The company has implemented a studio system to improve communication efficiency between development and operations, enhancing responsiveness to market changes[31] - The company reported a non-operating loss of 4,979,186.85, which is an increase from a loss of 2,428,000.00 in 2014, indicating challenges in managing non-operating expenses[23] Shareholder and Governance - The total distributable profit available for shareholders at the end of the reporting period was RMB 1,079,036,699.70[110] - The company proposed a cash dividend of RMB 1.8 per 10 shares, totaling RMB 51,678,902.70, which represents 10.02% of the net profit attributable to shareholders[113] - The company has made a commitment to maintain its independence and comply with regulations regarding related party transactions indefinitely[116] - The company has established a framework for compensating shareholders in case of failure to meet profit commitments[116] Human Resources - The company employed a total of 1,311 staff, with 53.39% being technical personnel and 37.53% operational personnel[196] - The total remuneration for directors, supervisors, and senior management in 2015 amounted to CNY 3.5995 million[193] - The average remuneration for senior management was CNY 290,000 per person[200] - The company plans to conduct training in 2016 covering various aspects such as work skills, safety, and management[198] Compliance and Legal Matters - The company has not encountered any issues or problems in the use and disclosure of raised funds[87] - The company has no major litigation or arbitration matters during the reporting period[128] - The company has not experienced any penalties or rectification situations during the reporting period[129] - The company is focused on maintaining compliance with software licensing and intellectual property rights to protect shareholder interests[118]
游族网络(002174) - 2015 Q4 - 年度财报
2016-02-17 16:00
Financial Performance - The company's operating revenue for 2015 was ¥1,534,687,492.10, representing an increase of 81.94% compared to ¥843,535,682.27 in 2014[18]. - The net profit attributable to shareholders for 2015 was ¥515,566,574.58, a growth of 24.35% from ¥414,593,358.26 in the previous year[18]. - The net cash flow from operating activities reached ¥328,465,709.34, up 34.71% from ¥243,833,605.25 in 2014[18]. - The basic earnings per share for 2015 was ¥1.86, an increase of 11.38% compared to ¥1.67 in 2014[18]. - Total assets at the end of 2015 amounted to ¥2,924,683,775.92, reflecting a 112.63% increase from ¥1,375,491,670.86 at the end of 2014[18]. - The net assets attributable to shareholders increased by 141.93% to ¥2,188,211,216.37 from ¥904,467,218.77 in 2014[19]. - The weighted average return on equity decreased to 42.19% in 2015 from 67.07% in 2014, a decline of 24.88%[18]. - The company reported a quarterly revenue of ¥495,049,360.22 in Q4 2015, showing a strong performance in the last quarter of the year[22]. Revenue Breakdown - The company achieved a revenue of 1,534.69 million CNY in the reporting period, representing a year-on-year growth of 81.94%[39]. - The net profit attributable to the parent company was 515.57 million CNY, an increase of 24.35% compared to the previous year[39]. - Mobile game revenue surged by 623.05% year-on-year, contributing approximately 720.53 million RMB, while web game revenue increased by 9.24% to about 811.42 million RMB[46]. - The overseas revenue accounted for 50.21% of total revenue, amounting to approximately 770.52 million RMB, reflecting a growth of 137.08% year-on-year[46]. Strategic Acquisitions and Investments - The company successfully acquired a leading mobile big data company, Zhangtao Technology, which expanded its data coverage from 1 billion devices to 3.28 billion devices by the end of 2015[29]. - The company successfully acquired掌淘科技, enhancing its big data capabilities with coverage of nearly 100% of domestic mobile devices and 3.28 billion devices globally, providing services to over 110,000 mobile developers[42]. - The company completed a major asset restructuring by acquiring 100% equity of Zhangtao Technology through issuing shares and cash payment[160]. - The company has formed a big data strategic alliance with Alibaba Group to enhance its big data computing capabilities[102]. Market Expansion and Product Development - The company launched two self-developed web games, "Magic Paradise" and "Goddess Alliance II," both adopting global simultaneous release strategies[39]. - The company expanded its international presence with the global release of its self-developed IP web game "女神联盟," now available in 150 countries and regions[41]. - The company is focusing on long-term strategies for market expansion and technology development[75]. - The company is actively pursuing market expansion through strategic investments and partnerships[69]. Research and Development - Research and development investment rose by 60.68% to ¥133,058,077.22, representing 8.67% of operating revenue[60]. - The number of R&D personnel increased by 63.55% to 700, making up 53.39% of the workforce[60]. - The company is committed to enhancing its research and development efforts to innovate and launch new products[74]. Financial Management and Shareholder Returns - The company plans to distribute a cash dividend of ¥1.80 per 10 shares, with a capital reserve conversion of 20 shares for every 10 shares held[5]. - The total distributable profit at the end of 2015 was 1,079,036,699.70 CNY, with cash dividends accounting for 100% of the profit distribution[116]. - The independent directors have fulfilled their responsibilities in overseeing the dividend distribution process[112]. - The company maintains a stable profit distribution policy, ensuring that the rights of minority shareholders are fully protected[111]. Risks and Challenges - The company faced risks including industry growth slowdown and intensified market competition, which may impact future performance[5]. - The company reported a net loss of 970.61 million in 2015, indicating a significant decline in profitability compared to previous years[72]. - The company is committed to improving its operational efficiency, targeting a reduction in costs by 10% over the next fiscal year[73]. Governance and Compliance - The company has established a strict remuneration decision-making process based on performance and compliance with regulations[199]. - The management team has a diverse background, including roles in major financial institutions and technology firms[197]. - The company has not faced any penalties from regulatory bodies, ensuring a stable operational environment[192].
游族网络(002174) - 2015 Q3 - 季度财报
2015-10-26 16:00
Financial Performance - Net profit attributable to shareholders increased by 35.30% to CNY 123,109,577.89 for the reporting period[8] - Operating revenue rose by 116.48% to CNY 388,277,205.45 compared to the same period last year[8] - Net cash flow from operating activities increased by 144.85% to CNY 240,365,045.20 year-to-date[8] - Basic earnings per share increased by 36.36% to CNY 0.45 for the reporting period[8] - The company reported a total net profit of CNY 340,719,229.33 year-to-date, reflecting a 33.87% increase compared to the same period last year[8] - The net profit attributable to shareholders after deducting non-recurring gains and losses increased by 37.03% to CNY 118,538,910.17 for the reporting period[8] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 12,789[11] - The largest shareholder, Lin Qi, holds 36.58% of the shares, amounting to 100,865,270 shares[11] Asset and Liability Changes - Total assets increased by 41.19% to CNY 1,942,092,535.76 compared to the end of the previous year[8] - Cash and cash equivalents increased by 40.07% compared to the beginning of the period, mainly due to profits from operating activities and loans obtained[16] - Accounts receivable increased by 86.59% compared to the beginning of the period, primarily due to increased operating revenue[16] Operating Costs and Expenses - Operating costs increased by 111.35% compared to the previous period, mainly due to increased promotional expenses[16] - Management expenses increased by 102.85% compared to the previous period, as the company intensified its game development efforts[16] - Financial expenses increased by 199.10% compared to the previous period, primarily due to interest on new bank loans[16] Future Projections - The company expects net profit attributable to shareholders for 2015 to be between 47,678.24 million and 55,970.10 million, representing a growth of 15.00% to 35.00% compared to the previous year[24] Other Financial Metrics - The weighted average return on equity was 10.36%, a decrease of 15.77% compared to the previous year[8] - Other comprehensive income increased by 1787.06% compared to the beginning of the period, mainly due to fluctuations in the exchange rate between the US dollar and the Chinese yuan[16] - Deferred income increased by 1920.14% compared to the beginning of the period, primarily due to an increase in government subsidies[16] - The company reported an investment loss increase of 564.17% compared to the previous period, mainly due to losses recognized from equity method investments in joint ventures[17]
游族网络(002174) - 2015 Q2 - 季度财报
2015-08-03 16:00
Financial Performance - The company achieved operating revenue of CNY 651,360,926.43, representing a 63.60% increase compared to the same period last year[20]. - Net profit attributable to shareholders reached CNY 217,609,651.44, up 33.07% year-on-year[20]. - The net profit after deducting non-recurring gains and losses was CNY 219,067,274.59, reflecting a 42.01% increase from the previous year[20]. - Basic earnings per share increased by 12.86% to CNY 0.79 compared to the same period last year[20]. - The company reported a total revenue of 199,683.1 million CNY and a net profit of 119,896.6 million CNY for the first half of 2015, with a gross profit margin of 75.10%[66]. - The company reported a decrease in capital reserve from -¥10,889,645.89 to -¥8,113,861.27, indicating a reduction in negative capital reserve by about 26.5%[138]. - The company reported a total of 275,709 shares outstanding, with a capital increase from the capital reserve of 4,184.41 million yuan[172]. Cash Flow and Assets - The net cash flow from operating activities was CNY 133,297,333.42, a significant increase of 103.98% compared to the same period last year[20]. - The company's cash and cash equivalents increased to ¥315,026,174.37 from ¥156,395,515.01, representing a growth of approximately 101.5%[134]. - Total current assets reached ¥731,538,029.17, up from ¥403,648,716.24, reflecting a growth of approximately 81.0%[134]. - Total liabilities increased to ¥709,917,424.62 from ¥479,447,705.29, representing a growth of about 47.9%[138]. - The net cash flow from investment activities was -CNY 510,906,505.88, a significant decrease from CNY 218,321,808.84 in the previous period[157]. - The total cash inflow from operating activities amounted to CNY 661,909,792.44, up from CNY 453,972,240.74, reflecting a growth of 45.7%[154]. Business Strategy and Development - The company plans to enhance its core competitiveness through a major asset restructuring by acquiring掌淘科技, aiming to improve its industry chain layout[28]. - The company has positioned itself as a "global light entertainment supplier," focusing on five major business modules: web games, mobile games, publishing, overseas operations, and platforms[28]. - The company plans to focus on RPG and SLG game types, aiming for 1-2 network game products to become market leaders each year[36]. - The company aims to enhance its self-operated platform, Youzu.com, to attract and retain users while expanding its operational scale[40]. - The company plans to develop mobile network games that may evolve towards a browser-based model, similar to current web games[42]. - The company aims to transform into a global light entertainment content provider, focusing on "global distribution, major IP, and film-game linkage" strategies[109]. Shareholder and Equity Information - The company will not distribute cash dividends or bonus shares for this reporting period[6]. - The company has confirmed that its cash dividend policy complies with its articles of association and shareholder resolutions[72]. - The total number of shareholders at the end of the reporting period was 9,835[117]. - The largest shareholder, Lin Qi, holds 36.58% of the shares, totaling 100,865,270 shares[117]. - The total equity attributable to shareholders rose to ¥1,119,072,910.57 from ¥904,467,218.77, reflecting an increase of approximately 24.0%[138]. Market and User Engagement - The mobile game "少年三国志" launched during the reporting period has become a stable source of revenue and user engagement[28]. - The company has accumulated over 100 million registered users across its platforms, enhancing its market presence[53]. - The overseas market for web games is expected to be a strong growth driver, with strategies to expand from domestic to international operations[39]. Management and Governance - The company experienced a change in senior management, with the resignation of the Deputy General Manager and the Chief Financial Officer due to personal reasons and business arrangements, respectively[129]. - The semi-annual financial report was not audited, which may impact the reliability of the financial data presented[132]. - The company has not experienced any major litigation or arbitration matters during the reporting period[80]. - The company has not implemented any capital reserve transfer to increase share capital during the reporting period[73]. Compliance and Regulatory Matters - The company is committed to purchasing legitimate software to ensure compliance with intellectual property rights[105]. - The company has made commitments to ensure accurate and complete information disclosure during its public offerings or refinancing[106]. - The company has received feedback from the China Securities Regulatory Commission regarding its administrative license application[110].
游族网络(002174) - 2015 Q1 - 季度财报
2015-04-27 16:00
Financial Performance - The company's operating revenue for Q1 2015 was ¥302,652,829.06, representing a 34.24% increase compared to ¥225,454,899.24 in the same period last year[8] - The net profit attributable to shareholders for Q1 2015 was ¥104,256,486.72, up 14.43% from ¥91,106,205.64 in the previous year[8] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥103,965,628.74, an increase of 18.48% from ¥87,746,679.51 year-on-year[8] - The basic earnings per share for Q1 2015 was ¥0.38, down 19.15% from ¥0.47 in the same period last year[8] - The diluted earnings per share for Q1 2015 was also ¥0.38, reflecting a 19.15% decrease compared to ¥0.47 in the previous year[8] - The weighted average return on equity was 10.90%, down from 30.54% in the same period last year, a decrease of 19.64%[8] - The net profit attributable to shareholders for the first half of 2015 is expected to range from 212.58 million to 261.64 million CNY, representing a growth of 30% to 60% compared to the same period last year[26] - The net profit for the first half of 2014 was 163.52 million CNY, indicating a stable growth trajectory for the company[26] Cash Flow and Assets - The net cash flow from operating activities decreased by 44.70% to ¥13,635,629.59 from ¥24,655,729.76 in the same period last year[8] - Total assets at the end of the reporting period were ¥1,590,530,403.51, a 15.63% increase from ¥1,375,491,670.86 at the end of the previous year[8] - The net assets attributable to shareholders at the end of the reporting period were ¥1,006,254,678.08, up 11.25% from ¥904,467,218.77 at the end of the previous year[8] - Cash flow from operating activities decreased by 45% to CNY 13.64 million, mainly due to increased game promotion expenses[17] Receivables and Payables - Accounts receivable at the end of the period increased by 69.03% to CNY 257.17 million, primarily due to increased operating revenue[17] - Other receivables increased by 49.81% to CNY 15.98 million, mainly due to new renovation deposits during the reporting period[17] - Prepaid accounts increased by 88.42% to CNY 21.30 million, attributed to an increase in game currency to be consumed[17] Expenses and Investments - Sales expenses for the current period were CNY 26.14 million, up 121.83% year-on-year, mainly due to increased game promotion costs and rising labor costs[17] - Investment activities generated a net cash flow of -CNY 1.28 billion, an increase of 2646% year-on-year, primarily due to payments for office renovation and investments in joint ventures[17] - Long-term equity investments increased by 101.04% to CNY 119.39 million, due to increased investments in joint ventures during the reporting period[17] - Financial expenses decreased by 120.51% to CNY 105,400, primarily due to interest payments on working capital loans[17] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 8,328[12] - The company is executing its business plan as set at the beginning of the year, contributing to the expected increase in net profit[26]