Group 1: Game Product Launches - The overseas version of "Glory of the New Three Kingdoms" has already launched, while the domestic version is pending approval for release [2] - "Naruto: Peak Showdown" has over 8 million reservations and is expected to launch in Q2, pending final confirmation from the publisher [2] - "Once Upon a Time in Lingjian Mountain" is in the final testing phase, with an expected launch around Q3 [2] Group 2: Revenue Expectations - The first-month revenue expectation for "Glory of the New Three Kingdoms" can be referenced from similar games by the same publisher, with both "Glory of the New Three Kingdoms" and "Naruto: Peak Showdown" anticipated to perform well [3] - The revenue from existing online products is expected to remain stable this year, with additional revenue anticipated from the new titles [3] Group 3: Partnerships and Collaborations - The collaboration with Kuaishou involves exclusive agency and distribution, with "Romance of the Three Kingdoms: Power Unleashed" being exclusively published by Kuaishou [3] - The company has established deep cooperation with multiple major platforms, enhancing its competitive edge in the strategy game sector [3] Group 4: Development and Strategy - The company focuses on strategy and card games, with a dedicated R&D team recognized by multiple platforms [3] - The company emphasizes craftsmanship in product development and maintains a clear understanding of industry trends [4] - Plans for personnel expansion are based on project progress, with ongoing attention to talent acquisition and core team development [4] Group 5: International Expansion - The company's overseas strategy includes both developing products for international markets and acting as an agent for overseas distribution, with established presence in regions like Hong Kong, Macau, Taiwan, Japan, and South Korea [4]

Group 1: Regulatory Environment and Industry Response - The gaming industry has undergone over 3 years of regulatory adjustments since the suspension of game approvals in 2018, with measures including age-appropriate warnings and real-name authentication systems [3] - Game companies are actively cooperating with regulatory authorities to comply with new systems aimed at protecting minors [3] - The implementation of a scoring system for games has been in progress for several months, focusing on promoting positive energy and cultural heritage [3] Group 2: Company Strategies and Market Position - The company has two lines of defense: compliance with regulations in product development and collaboration with distributors for product acceptance [3] - The company supports national decisions on regulatory measures, emphasizing the importance of industry-wide adherence for healthier development [4] - The company has invested in overseas projects, with its game platform recognized as a key cultural export project, and has generated over $200 million in overseas revenue [4] Group 3: Product Development and Future Plans - The company plans to release two major products in Q3 2021: "Glory of the New Three Kingdoms" and "Naruto: Peak Showdown" [5] - Future product releases include several titles scheduled for 2022 and 2023, with a focus on maintaining a rich product pipeline [5] - R&D investments vary from 30 million to over 100 million, with an emphasis on increasing investment in high-quality products [6] Group 4: Financial Performance and Market Impact - The revenue from "Seven Heroes" in its first month approached 40 million, with expectations for a new season to boost performance [5] - Advertising and management expenses have increased, attributed to the promotion of "Seven Heroes" and normal asset amortization [5] - The company is considering share buybacks based on market conditions and will announce any actions taken [5]

证券代码：002425 证券简称：凯撒文化 凯撒（中国）文化股份有限公司 投资者关系活动记录表 编号：2021-005 | --- | --- | --- | --- | |----------------------------|-------------------------------|---------|------------------------------------------------------------------| | 投资者关系活动 \n类别 \n | □媒体采访 \n□现场参观 \n□其他 | | 特定对象调研 □分析师会议 \n□业绩说明会 \n□新闻发布会 □路演活动 | | 参与单位名称及 | 中信建投 | 孙晓磊 | | | 人员姓名 | 上投摩根 蒋正山 | | | | | 浦银安盛 范军 | | | | | 环懿资产 | 高杉 | | | | 通怡资产 李科进 | | | | | 十力投资 林仲晞 | | | | | 南方基金 黄可心 | | | | | 申万菱信 徐远航 | | | | | 申万菱信 诸天力 | | | | 时间 2021 | 年 11 | 月 ...

证券代码：002425 证券简称：凯撒文化 凯撒（中国）文化股份有限公司 投资者关系活动记录表 编号：2022-002 | --- | --- | --- | |----------------|---------------------------|------------------------------------------------------------------| | | | | | 投资者关系活动 | □特定对象调研 □分析师会议 | | | 类别 | □媒体采访 | □业绩说明会 | | | □新闻发布会 □路演活动 | | | | □现场参观 | | | | | 其他（投资者网上集体接待日活动） | | 参与人员 参与" | 2022 | 广东辖区上市公司投资者关系管理月活动——投资者集体接待 | | | 日"的投资者 | | | 时间 2022 | 年 9 月 22 | 日（周四） 15:50-16:50 | | 地点 | 全景•路演天下（ | https://rs.p5w.net/html/134597.shtml ） | | 上市公司接待 | | 董事长郑雅珊女士、总经理何啸威 ...

Financial Performance - The company's revenue for Q3 2022 was ¥149,667,035.01, a decrease of 32.73% compared to the same period last year[5]. - The net profit attributable to shareholders was -¥26,516,706.35, representing a decline of 188.63% year-on-year[5]. - The basic earnings per share for the period was -¥0.0279, down 189.25% from the previous year[5]. - Total operating revenue for the period was CNY 516,117,727.58, a decrease of 25.5% compared to CNY 692,503,525.54 in the previous period[15]. - Net profit for the period was a loss of CNY 83,870,876.35, compared to a net profit of CNY 242,570,595.10 in the previous period[16]. - The company reported a basic and diluted earnings per share of -0.0789, down from 0.2618 in the previous period[17]. Assets and Liabilities - Total assets at the end of the reporting period were ¥5,739,597,439.72, a decrease of 1.41% from the end of the previous year[5]. - Total current assets as of September 30, 2022, amounted to CNY 1,385.12 million, down from CNY 1,530.38 million at the beginning of the year[12]. - Total assets as of September 30, 2022, were CNY 5,739.60 million, compared to CNY 5,821.77 million at the beginning of the year[13]. - Total current liabilities as of September 30, 2022, were CNY 542.45 million, an increase from CNY 516.36 million at the beginning of the year[13]. - Total liabilities as of September 30, 2022, were CNY 596.59 million, compared to CNY 573.86 million at the beginning of the year[13]. - The company’s total equity attributable to shareholders decreased by 1.91% to ¥4,934,401,828.04 compared to the end of the previous year[5]. Cash Flow - Cash flow from operating activities for the year-to-date was ¥55,653,208.36, down 71.38% compared to the same period last year[5]. - Net cash inflow from operating activities was CNY 55.65 million, a decrease of 71.38% compared to the same period last year, primarily due to reduced business collections[9]. - Cash flow from operating activities generated a net amount of CNY 55,653,208.36, a decline of 71.5% from CNY 194,434,992.05 in the previous period[18]. - The company’s cash inflow from operating activities totaled CNY 531,799,741.79, down from CNY 684,492,549.19 in the previous period[18]. - Total cash inflow from financing activities was 279,980,708.39 CNY, down from 1,070,164,345.49 CNY, representing a decrease of about 74%[19]. - The ending balance of cash and cash equivalents was 166,341,036.41 CNY, down from 300,215,454.63 CNY, reflecting a decrease of approximately 44.6%[19]. Expenses and Losses - Sales expenses decreased by 47.30% year-on-year, mainly due to reduced advertising and production costs[8]. - The company experienced a 245.99% increase in credit impairment losses, reflecting higher provisions for bad debts on receivables[8]. - The company recorded a credit impairment loss of CNY 42,103,802.27, compared to CNY 12,169,145.65 in the previous period[16]. Government Support - The company received government subsidies amounting to ¥2,293,692.08 during the quarter, contributing to an 83.66% increase in other income year-on-year[8]. Shareholder Information - Total number of ordinary shareholders at the end of the reporting period was 90,772, with no preferred shareholders[10]. - The largest shareholder, Caesar Group (Hong Kong) Limited, holds 21.57% of the shares, totaling 206,329,097 shares[9]. - The company held 8,627,600 shares in its repurchase account, accounting for 0.90% of the total share capital[10]. Future Plans - The company plans to focus on new product development and market expansion strategies moving forward[15]. Audit Status - The company did not undergo an audit for the third quarter report[20].

Financial Performance - The company's operating revenue for the first half of 2022 was ¥366,450,692.57, a decrease of 22.03% compared to ¥470,007,858.90 in the same period last year[21]. - The net profit attributable to shareholders of the listed company was a loss of ¥48,603,232.95, representing a decline of 122.91% from a profit of ¥212,145,620.77 in the previous year[21]. - The net cash flow from operating activities was ¥48,375,584.37, down 74.03% from ¥186,245,151.52 in the same period last year[21]. - The basic earnings per share were -¥0.0510, a decrease of 121.85% compared to ¥0.2334 in the previous year[21]. - The company reported a total revenue of 87,067 million CNY for the first half of 2022, with a net profit of 1,941.8 million CNY[70]. - The company reported a net profit for the first half of 2022 was a loss of ¥83,659,120.30, compared to a profit of ¥190,560,720.76 in the same period of 2021, indicating a substantial decline in profitability[162]. - The company reported a significant investment loss of ¥44,604,022.42 in the first half of 2022, contrasting with a gain of ¥182,083,445.85 in the same period of 2021[162]. Assets and Liabilities - Total assets at the end of the reporting period were ¥5,820,420,748.82, a slight decrease of 0.02% from ¥5,821,766,241.64 at the end of the previous year[21]. - The net assets attributable to shareholders of the listed company were ¥4,973,980,356.73, down 1.12% from ¥5,030,297,769.74 at the end of the previous year[21]. - The company's total liabilities were CNY 635,337,438.18, up from CNY 573,856,236.34, marking an increase of about 10.7%[151]. - The total liabilities of the company were CNY 1,000,000,000, indicating a manageable debt level relative to its equity[177]. Cash Flow - The net cash flow from investing activities was -¥266,774,468.46, a decrease of 54.91%, attributed to reduced investments in financial products[46]. - The net cash flow from financing activities dropped by 98.19% to ¥9,466,385.47, primarily due to the absence of funds raised from a private placement of shares in the previous year[46]. - The company reported a net decrease in cash and cash equivalents of -200,754,531.31 CNY, contrasting with an increase of 136,832,049.78 CNY in the previous period[167]. Market Position and Strategy - The company is focusing on deep development and operation of existing high-quality IP games to enhance monetization capabilities and expand overseas markets[32]. - The self-developed game "Glory New Three Kingdoms" has launched overseas in June 2022, targeting markets in South Korea, Southeast Asia, and Hong Kong and Macau[33]. - The company has established a strong market position as a large independent developer, enhancing its bargaining power in the industry[29]. - The company is actively exploring international business opportunities to enhance its overall profitability and promote Chinese culture[40]. - The company plans to increase R&D investment and focus on a boutique strategy to enhance its game offerings and expand into other entertainment sectors[77]. Research and Development - The company has established a mature R&D system and capabilities, focusing on high-quality IP and game development, with a strong pipeline of new game products[41]. - Research and development expenses decreased by 22.49% to ¥67,794,322.57 compared to ¥87,466,248.57 in the previous year[46]. - The company has implemented a multi-tiered R&D structure to ensure stable output and adaptability to market demands, reducing the risk of product failure during development and operation[81]. Compliance and Risk Management - The company has acknowledged the presence of risks and uncertainties in its future operational plans and projections[4]. - The company is committed to complying with regulations aimed at protecting minors and improving the quality of gaming content[38]. - The company has established a dedicated department to analyze regulatory laws and policies to mitigate compliance risks in game content, ensuring legal operations and avoiding penalties[78]. Shareholder and Equity Information - The company plans not to distribute cash dividends or issue bonus shares for the half-year period, focusing on reinvestment[89]. - The total number of unrestricted shares decreased by 25,000, resulting in a total of 955,960,898 shares, which represents 99.93% of the total shares[131]. - The largest shareholder, Caesar Group (Hong Kong) Limited, holds 21.59% of the shares[137]. Corporate Governance - The company has implemented a robust management system that ensures efficient collaboration between headquarters and subsidiaries, enhancing organizational stability and competitiveness[43]. - The company has not experienced any major changes in its investment strategy or asset management approach[66]. - There were no significant litigation or arbitration matters during the reporting period[104]. Future Outlook - The management provided a cautious outlook for the second half of 2022, anticipating challenges in market conditions but remains focused on strategic initiatives[173]. - Future guidance indicates a targeted revenue growth of 10% for the next fiscal year, driven by new product launches and market expansion strategies[177].

Financial Performance - The company's operating revenue for 2021 was approximately ¥932.83 million, representing a 58.16% increase compared to ¥589.81 million in 2020[16]. - The net profit attributable to shareholders for 2021 was approximately ¥81.51 million, a decrease of 33.91% from ¥123.33 million in 2020[16]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was approximately ¥125.66 million, an increase of 26.32% from ¥99.47 million in 2020[16]. - The net cash flow from operating activities for 2021 was approximately ¥300.93 million, a decrease of 13.64% from ¥348.47 million in 2020[16]. - The basic earnings per share for 2021 was ¥0.0886, down 41.56% from ¥0.1516 in 2020[16]. - The diluted earnings per share for 2021 was also ¥0.0886, reflecting the same percentage decrease of 41.56% from ¥0.1516 in 2020[16]. - Total revenue for 2021 reached ¥932,832,501.86, a year-on-year increase of 58.16% from ¥589,813,575.10 in 2020[53]. - Revenue from the cultural and entertainment sector was ¥919,944,389.83, accounting for 98.62% of total revenue, with a year-on-year growth of 69.07%[55]. - Game revenue share increased to 73.30% of total revenue, amounting to ¥683,798,141.73, reflecting a 45.10% increase compared to the previous year[55]. - The company reported a net profit attributable to shareholders of ¥149,887,366.91 in Q1 2021, compared to a loss in Q4 2020[56]. Assets and Liabilities - Total assets increased by 16.22% to CNY 5,821,766,241.64 at the end of 2021 compared to CNY 5,009,233,120.08 at the end of 2020[18]. - Net assets attributable to shareholders rose by 20.54% to CNY 5,030,297,769.74 at the end of 2021 from CNY 4,173,007,133.71 at the end of 2020[18]. - As of the end of 2021, cash and cash equivalents increased to ¥498,582,495.9, representing 8.56% of total assets, up from 2.49% at the beginning of the year, primarily due to funds raised from a private placement[74]. - Accounts receivable rose to ¥512,025,089.06, accounting for 8.80% of total assets, an increase from 7.40%, driven by growth in operating revenue[74]. - Short-term borrowings decreased significantly to ¥259,957,136.81, down from ¥487,803,435.45, reflecting repayment of bank loans during the period[74]. Strategic Initiatives - The company plans not to distribute cash dividends or issue bonus shares[5]. - The company has outlined potential risks and uncertainties in its future outlook, emphasizing the need for investors to be aware of these factors[4]. - The company's strategy includes exploring international business opportunities and actively expanding into overseas markets to enhance profitability[30]. - The company plans to integrate emerging technologies into its business strategy to develop innovative game products and increase market share[30]. - The company is currently developing multiple new projects aimed at expanding its product offerings, including a VR AR technology exploration project[65]. - The company aims to enhance operational efficiency and optimize asset structure through strategic equity transfers, which will also improve liquidity[90]. - The company is focused on establishing long-term and stable cooperative relationships to enhance its market position[89]. - The company is actively pursuing market expansion and new strategies to drive future growth and profitability[89]. Research and Development - The company focuses on developing high-quality mobile games, leveraging its strong IP resources to enhance monetization capabilities[41]. - The company has a strong R&D capability, with subsidiaries capable of developing multiple high-quality games simultaneously[34]. - Research and development expenses increased by 11.61% to ¥82,853,568.48, reflecting the company's commitment to enhancing product competitiveness[64]. - Total R&D investment reached ¥203,539,452.57, a 33.72% increase from the previous year, with R&D investment as a percentage of revenue decreasing to 21.82%[67]. - The number of R&D personnel grew by 32.99% to 774, with a notable increase in the proportion of personnel holding bachelor's degrees to 48.26%[67]. Market Performance - The actual sales revenue of China's game market in 2021 was CNY 296.51 billion, an increase of CNY 17.83 billion, with a year-on-year growth of 6.40%[28]. - The mobile game market accounted for 76.06% of the total game market revenue in 2021, with actual sales revenue of CNY 225.54 billion, growing by 7.57% year-on-year[28]. - The number of game users in China reached 666 million in 2021, with a slight year-on-year increase of 0.22%[28]. - The company's self-developed and agency games generated over 1.6 billion CNY in total revenue for the year, with new product "Glory New Three Kingdoms" alone contributing over 200 million CNY globally in its first year[43]. - The classic product "Three Kingdoms 2017" generated over 1 billion CNY in revenue, maintaining a strong position in the Japanese and Hong Kong markets[43]. Corporate Governance - The company has established a comprehensive governance structure, ensuring compliance with relevant laws and regulations, and protecting shareholder rights[110]. - The board of directors consists of 9 members, including 3 independent directors, ensuring a balanced and professional decision-making process[111]. - The company has a governance structure that complies with legal regulations, with no significant discrepancies noted[116]. - The board's activities during the reporting period demonstrate a proactive approach to corporate governance and strategic planning[137]. - The company has established a governance mechanism with independent directors and a supervisory board to ensure effective oversight of management[153]. Social Responsibility - The company donated a total of 440,000 RMB to support education development in Meitang Town, Puning City, Guangdong Province[160]. - The company emphasizes the importance of protecting minors and has developed games primarily targeting adult customers, with no future products aimed at minors[161]. - The company is committed to fulfilling its social responsibilities while generating profits for shareholders[160]. - The company has established a minor protection system to prevent addiction and excessive spending on online games[161]. - The company continues to support local education and rural development initiatives as part of its corporate social responsibility[160]. Employee Management - The total number of employees at the end of the reporting period was 940, with 928 from major subsidiaries and 12 from the parent company[140]. - The total employee compensation for the reporting period amounted to RMB 87.32 million, accounting for 12.63% of total operating costs[142]. - The company has a competitive compensation system that includes fixed salaries, bonuses, and diverse benefits to attract and retain talent[142]. - The company has established a training platform called "Youjia Academy" to enhance the training and development of R&D personnel[143]. - The company has implemented measures to enhance employee loyalty and creativity through a positive work environment and corporate culture[104]. Compliance and Regulatory Matters - The company has established a dedicated department to monitor regulatory changes and ensure compliance with gaming regulations, mitigating risks associated with policy changes[100][101]. - The company has not faced any penalties from securities regulatory authorities in the past three years[127]. - The company has not reported any major acquisitions or disposals of assets or equity during the reporting period[187]. - The company has not engaged in any related party transactions during the reporting period[186]. - The company has not undergone any bankruptcy reorganization during the reporting period[183].

Financial Performance - The company's revenue for Q1 2022 was ¥190,033,952.09, a decrease of 33.85% compared to ¥287,285,166.91 in the same period last year[3] - Net profit attributable to shareholders was ¥16,518,475.98, down 88.98% from ¥149,887,366.91 year-on-year[3] - The company's net profit for the period was RMB 15,099,569.95, a significant decline from RMB 156,038,552.64 in the previous year[15] - The net profit for Q1 2022 was CNY 13,613,394.95, a decrease from CNY 149,557,808.88 in the previous year, representing a decline of approximately 90.9%[17] - The total comprehensive income for Q1 2022 was CNY 13,157,165.57, down from CNY 150,189,129.08 in the same period last year, indicating a decrease of about 91.2%[17] Cash Flow and Liquidity - The net cash flow from operating activities was -¥218,619.72, a decline of 100.56% compared to ¥39,060,221.91 in the previous year[3] - Cash and cash equivalents decreased to RMB 322,968,052.81 from RMB 498,582,495.99 at the beginning of the year, representing a decline of 35.3%[12] - Cash and cash equivalents at the end of Q1 2022 totaled CNY 226,550,932.55, down from CNY 395,139,384.02 at the end of the previous year[21] - The company reported cash inflows from operating activities of CNY 154,902,045.20, a decrease from CNY 183,686,687.05 in the previous year[19] - Investment activities resulted in a net cash outflow of CNY 202,385,221.43, compared to a net outflow of CNY 382,452,702.77 in the same period last year[21] - Financing activities generated a net cash outflow of CNY 3,578,117.34, contrasting with a net inflow of CNY 633,308,518.66 in the previous year[21] Assets and Liabilities - Total assets at the end of the reporting period were ¥5,884,658,763.34, an increase of 1.08% from ¥5,821,766,241.64 at the end of the previous year[3] - The total assets of the company amounted to RMB 5,884,658,763.34, a slight increase from RMB 5,821,766,241.64 at the beginning of the year[14] - Total liabilities rose to RMB 623,859,657.77, compared to RMB 573,856,236.34 at the start of the year, indicating an increase of 8.7%[14] Earnings and Expenses - Basic earnings per share decreased by 90.06% to ¥0.0173 from ¥0.1740 in the same period last year[3] - Basic earnings per share for Q1 2022 were CNY 0.0173, significantly lower than CNY 0.1740 in the same period last year[17] - Operating costs increased by 47.14% to ¥114,226,002.20, primarily due to higher channel costs[6] - Total operating costs increased to RMB 165,943,871.72, up 26.3% from RMB 131,443,057.36 in Q1 2021[15] - Research and development expenses for the quarter were RMB 22,212,715.99, slightly up from RMB 20,816,845.30 in the previous year[15] Impairment and Subsidies - The company reported a significant increase in credit impairment losses of 1272.49%, amounting to -¥10,997,459.79, due to higher provisions for bad debts[6] - The company reported a credit impairment loss of RMB 10,997,459.79, compared to RMB 801,279.18 in the same period last year[15] - The company received government subsidies amounting to ¥2,495,980.69, a decrease of 31.47% compared to ¥1,898,573.06 in the previous year[6] Other Information - The company held trading financial assets of RMB 276,500,000.00, a significant increase from RMB 100,000,000.00 at the beginning of the year[12] - Accounts receivable increased to RMB 568,165,866.74, up 11% from RMB 512,025,089.06 at the start of the year[12] - The company experienced a decrease in sales revenue from CNY 142,620,252.90 in Q1 2022 compared to CNY 160,770,923.81 in the previous year[19] - The company did not report any new mergers or acquisitions during this quarter[18]

Revenue and Profitability - Revenue for Q3 2021 reached ¥222,495,666.64, an increase of 60.18% compared to the same period last year[3] - Net profit attributable to shareholders decreased by 8.42% to ¥29,917,157.51, while net profit excluding non-recurring gains and losses fell by 17.04% to ¥26,878,395.74[3] - Total operating revenue for Q3 2021 reached ¥692,503,525.54, a significant increase of 56% compared to ¥444,224,716.14 in the same period last year[18] - Operating profit for the period was ¥246,945,057.37, up 61% from ¥153,297,546.01 in Q3 2020[19] - Net profit attributable to the parent company was ¥242,062,778.28, representing a 61% increase from ¥150,133,629.69 in the previous year[19] - The company reported a basic earnings per share of ¥0.03, down 25.00% year-on-year[3] - The company reported a basic earnings per share of ¥0.26, compared to ¥0.18 in the same quarter last year, marking a 44% increase[20] Assets and Liabilities - Total assets at the end of the reporting period were ¥5,789,741,612.75, reflecting a 15.58% increase from the end of the previous year[3] - Total assets increased to ¥5,789,741,612.75, compared to ¥5,009,233,120.08 at the end of the previous year, reflecting a growth of 15.5%[16] - Total liabilities decreased to ¥541,047,453.02 from ¥836,375,803.38, indicating a reduction of approximately 35%[16] - The total liabilities increased from CNY 836,375,803.38 to CNY 860,588,080.36, reflecting a rise of approximately 2.5%[28] Equity and Shareholder Information - The company’s total equity attributable to shareholders increased by 25.71% to ¥5,245,822,345.67 compared to the previous year[3] - The total equity attributable to shareholders increased to ¥5,245,822,345.67 from ¥4,173,007,133.71, reflecting a growth of 25.7%[16] - The total number of common shareholders at the end of the reporting period is 77,293[9] - The largest shareholder, Caesar Group (Hong Kong) Limited, holds 22.43% of shares, amounting to 214,569,397 shares, with 30,000,000 shares pledged[9] Cash Flow and Investment Activities - The company’s cash flow from operating activities for the year-to-date was ¥194,434,992.05, up 13.28%[3] - Cash flow from operating activities was ¥650,113,313.53, an increase of 55% from ¥420,139,016.47 in the same quarter last year[22] - The net cash flow from operating activities for Q3 2021 was CNY 194,434,992.05, an increase from CNY 171,646,449.46 in Q3 2020, reflecting a growth of approximately 13.5%[23] - The cash outflow for investment activities was CNY 873,854,297.51, compared to CNY 145,335,931.05 in Q3 2020, showing a significant increase in investment spending[23] - The company’s investment activities generated a cash outflow of ¥474,845,892.35, a significant increase of 406.81% compared to the previous period[7] - The total cash inflow from investment activities was CNY 399,008,405.16, significantly higher than CNY 51,643,066.58 in the same period last year[23] Share Repurchase and Offering - The company plans to repurchase shares with a total amount between RMB 50 million and RMB 100 million, with a maximum repurchase price of RMB 13.34 per share[11] - The company has repurchased 3,000,000 shares, which is 0.31% of the total share capital, at an average price between RMB 6.93 and RMB 7.43 per share[12] - The company raised a total of RMB 900,399,994.20 from a non-public offering of 142,920,634 shares at a price of RMB 6.30 per share[10] - The non-public offering shares totaling 142,920,634 were released from restrictions and listed for trading on September 9, 2021, accounting for 14.94% of the total share capital[11] Other Financial Metrics - The weighted average return on equity was 0.57%, a decrease of 0.21% from the previous year[3] - Research and development expenses for the quarter were ¥53,850,279.53, slightly up from ¥49,394,426.67 in Q3 2020[19] - The company’s deferred income tax assets rose to ¥181,982,512.78, up from ¥172,282,271.14, indicating a growth of 5%[16] Legal and Compliance - The company is currently involved in litigation regarding a contract dispute with a claim amount of RMB 98,141,000[12] - The third quarter report of Caesar (China) Cultural Co., Ltd. for 2021 is unaudited[29] - The report was released on October 26, 2021[29] - The company has implemented new leasing standards starting from 2021, affecting prior comparative data[29] - No specific financial performance metrics or user data were provided in the report[29] - Future outlook and performance guidance were not detailed in the document[29] - There is no mention of new product or technology development in the report[29] - Market expansion and acquisition strategies were not discussed[29] - Other new strategies were not highlighted in the report[29] - The report does not include any specific numerical data or percentages related to performance[29] - The document does not provide any audited financial results[29]

Financial Performance - The company's operating revenue for the first half of 2021 was ¥470,007,858.90, representing a 53.94% increase compared to ¥305,322,271.07 in the same period last year[17]. - The net profit attributable to shareholders of the listed company reached ¥212,145,620.77, an increase of 80.60% from ¥117,467,577.26 in the previous year[17]. - The net cash flow from operating activities was ¥186,245,151.52, showing a significant increase of 97.22% compared to ¥94,436,590.36 in the same period last year[17]. - The basic earnings per share increased to ¥0.23, up 64.29% from ¥0.14 in the previous year[17]. - Total assets at the end of the reporting period were ¥5,808,559,123.40, a 15.96% increase from ¥5,009,233,120.08 at the end of the previous year[17]. - The net assets attributable to shareholders of the listed company were ¥5,237,369,151.09, reflecting a 25.51% increase from ¥4,173,007,133.71 at the end of the previous year[17]. - The net profit after deducting non-recurring gains and losses was ¥209,828,955.20, an increase of 88.37% from ¥111,393,566.32 in the same period last year[17]. - The company reported a weighted average return on net assets of 4.37%, an increase of 1.53% compared to 2.84% in the previous year[17]. Revenue Sources - Revenue from the cultural and entertainment sector was ¥463,778,972.82, accounting for 98.67% of total revenue, with a year-over-year growth of 56.01%[44]. - Game revenue contributed ¥303,463,956.94, which is 64.57% of total revenue, showing a slight increase of 3.35% compared to the previous year[45]. - Copyright operations generated ¥160,309,396.77, a significant increase of 4,413.60% year-over-year, with a gross margin of 75.47%[45]. - Domestic revenue was ¥397,049,289.61, up 73.23% from the previous year, representing 84.48% of total revenue[44]. - Overseas revenue decreased by 4.16% to ¥72,958,569.29, accounting for 15.52% of total revenue[44]. Game Development and Market Position - The self-developed games such as "Three Kingdoms 2017" and "Dragon Ball Awakening" maintained strong profitability during the reporting period[29]. - The company has multiple new games in development, including "Naruto: Peak Showdown" and "One Piece," with expected launches in Q3 2021[30]. - The company’s joint operation games generated over 30% growth in revenue compared to the same period in 2020, with 12 games currently in operation[29]. - The company has established a strong market position as a large independent developer with significant market bargaining power[26]. - The company is actively negotiating global licensing deals for several well-known IPs to support future development needs over the next 2-3 years[30]. Investment and R&D - Research and development expenses rose by 44.12% to ¥87,466,248.57, reflecting ongoing investment in game project development[42]. - The company invested ¥212,445,028.29 in game development projects, indicating a continued increase in investment in this area[50]. - The company plans to increase R&D investment and focus on developing high-quality games to enhance competitiveness in the mobile gaming industry[63]. - The company has implemented a multi-tiered R&D team structure to maintain stable output and adaptability to market demands[68]. Financial Stability and Cash Flow - The total cash and cash equivalents increased by 90.74% to ¥115,949,583.38 from ¥60,788,276.67[43]. - The company has reduced short-term borrowings to ¥171,863,282.37 from ¥487,803,435.45, a decrease of approximately 64.7%[143]. - The company reported a significant increase in cash received from other operating activities, totaling CNY 31,409,368.26, compared to CNY 55,471,018.93 in the previous year[159]. - The net cash flow from operating activities increased significantly to ¥131,498,741.52 from ¥45,362,375.45, representing a growth of approximately 189%[163]. Corporate Governance and Compliance - The company has established a dedicated department to ensure compliance with regulatory requirements for game content, mitigating risks associated with industry policies[64]. - The company has committed to fulfilling its refinancing commitments in accordance with the latest regulations[86]. - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[87]. - The company did not engage in any major litigation or arbitration matters during the reporting period[92]. Shareholder Information - The company issued 142,920,634 new shares in a private placement, increasing the total shares to 956,665,066[119]. - The largest shareholder, Caesar Group (Hong Kong) Limited, holds 22.43% of the shares, amounting to 214,569,397 shares, which are pledged[127]. - The company reported a commitment to distribute at least 20% of the annual distributable profits in cash dividends[86]. - The total number of ordinary shareholders at the end of the reporting period was 77,746[127]. Risk Management - The company has identified potential risks and corresponding measures in its management discussion and analysis section[4]. - The company faces risks of asset impairment, which may adversely affect its operating performance[71]. - The company plans to strengthen business synergy and resource integration for its acquired subsidiaries to ensure stable development and protect shareholder interests[71].