Financial Performance - Dinglong Culture Co., Ltd. reported a significant decline in revenue, with total revenue for 2020 at approximately 500 million RMB, representing a decrease of 25% compared to 2019[13]. - The company reported a net loss of approximately 100 million RMB for the year, highlighting challenges in operational efficiency and market competition[13]. - The company's operating revenue for 2020 was ¥444,625,128.24, a decrease of 58.19% compared to ¥1,063,520,539.53 in 2019[19]. - The net profit attributable to shareholders in 2020 was ¥33,545,116.60, a significant turnaround from a loss of ¥839,156,390.79 in 2019, representing a 104.00% increase[19]. - The company achieved a revenue of 444.63 million yuan, a year-on-year decrease of 58.19%, primarily due to reduced income from the film and trade businesses[59]. - The company reported a gross margin of 36.32% for the gaming segment, down 36.74% from the previous year[72]. - The company reported a significant increase in revenue from titanium iron concentrate, with sales reaching ¥15,375,914.04, marking a 100% increase from zero in 2019[69]. - The company reported a net profit of approximately 27.2 million, indicating a stable performance in the financial year[102]. Strategic Focus and Business Development - The company plans to enhance its market presence through strategic partnerships and potential acquisitions in the cultural and entertainment sectors[5]. - Dinglong Culture aims to invest in new product development, particularly in the gaming sector, to capture a larger share of the growing digital entertainment market[5]. - The company has diversified its main business into titanium ore, gaming, and film industries, with titanium ore becoming the core focus for future development[29]. - The company is actively developing a new drama titled "Truth," which is expected to enhance its brand image in the film industry[29]. - The company plans to launch several new gaming projects in 2021, including "Manzhan Wushuang" and "Rudream Xia Xianyue" among others[118]. - The company will maintain its existing gaming and film businesses as beneficial supplements to its core titanium mining operations[111]. Market Conditions and Industry Trends - The global titanium ore market is dominated by a few major players, leading to an oligopolistic market structure[32]. - China's titanium resources are abundant, but the country relies heavily on imports for high-grade titanium, indicating a supply-demand imbalance[34]. - The price of domestic titanium concentrate has increased significantly, rising from 1,300 RMB/ton in early 2020 to 2,400 RMB/ton by April 2021, marking an increase of over 80%[34]. - The gaming industry in China experienced a 20.71% increase in actual sales revenue, reaching approximately 278.7 billion in 2020[106]. - Mobile gaming revenue surged by 32.61%, accounting for 75.24% of the total gaming market revenue[106]. Operational Efficiency and Challenges - User engagement metrics for the company's gaming products showed a decline, with active users dropping by 30% year-over-year, necessitating a reevaluation of marketing strategies[5]. - The company is exploring new technologies in game development to improve user experience and retention rates, aiming to leverage advancements in mobile gaming[5]. - The company is committed to improving its financial health and operational performance through cost-cutting measures and restructuring initiatives[5]. - Rising production costs in the film and gaming sectors are a concern, prompting the company to optimize resource allocation and cost control measures[132]. Environmental and Social Responsibility - The company emphasizes ecological restoration and green mining practices in its operations, aiming to create a sustainable mining environment[116]. - The company has received government authorization for mine restoration and environmental governance, supporting sustainable development in its titanium business[44]. - The company is not classified as a key pollutant discharge unit by environmental protection authorities[185]. Financial Management and Investments - The company completed a capital increase of 540 million yuan to gain a 51% stake in Zhongtai Technology, positioning titanium mining as a core business direction[59]. - The company has increased its fixed assets and intangible assets due to the consolidation of its subsidiary, Zhongtai Technology, which has positively impacted its financial position[45]. - The company reported a net increase in cash and cash equivalents of ¥200,413,443.17, a turnaround from a net decrease of ¥264,215,137.42 in the previous year, primarily due to the recovery of large receivables from the film and television business[85]. - The company has made several acquisitions in the titanium mining sector, which are expected to positively impact future operations and performance[103]. Compliance and Governance - The company has a commitment to avoid conflicts of interest and ensure that related parties do not improperly benefit from their position[143]. - The company has established a strategy to ensure compliance with performance commitments and reduce related party transactions[149]. - The company has not conducted any research, communication, or interview activities during the reporting period[133]. - The company has not distributed cash dividends for the years 2018, 2019, and 2020, with proposed plans for no cash dividends, stock bonuses, or capital reserve transfers[139][141][142].

Financial Performance - The company reported a significant increase in revenue, achieving a total of 1.2 billion yuan in 2021, representing a year-on-year growth of 15%[15]. - The company's operating revenue for 2021 was CNY 653,868,929.95, representing a 47.06% increase compared to CNY 444,625,128.24 in 2020[21]. - The net profit attributable to shareholders decreased by 87.19% to CNY 4,295,843.55 from CNY 33,545,116.6 in the previous year[21]. - The net profit after deducting non-recurring gains and losses was CNY -81,361,402, a decline of 411.06% compared to CNY 26,155,942.3 in 2020[21]. - The cash flow from operating activities was CNY -106,434,739, down 166.14% from CNY 160,919,705 in 2020[21]. - The total assets at the end of 2021 were CNY 2,553,516,203, an increase of 14.29% from CNY 2,234,190,124 at the end of 2020[21]. - The basic earnings per share decreased by 87.18% to CNY 0.0050 from CNY 0.0390 in 2020[21]. - The company reported a significant non-recurring gain of CNY 85,657,245.95 in 2021, compared to CNY 7,389,174.29 in 2020[29]. - The company achieved operating revenue of CNY 653.87 million, a year-on-year increase of 47.06%[55]. - The net profit attributable to shareholders decreased by 87.19% to CNY 4.30 million due to increased costs and lower production efficiency[55]. - The company’s total assets grew by 13.40% to CNY 2.55 billion, while equity attributable to shareholders decreased by 0.65%[55]. Market Expansion and Strategy - The company has outlined its future outlook, projecting a revenue growth of 10-15% for 2022, driven by new product launches and market expansion strategies[15]. - The company plans to expand its market presence in Southeast Asia, targeting a 30% increase in market share within the next two years[15]. - The company is actively pursuing partnerships with international firms to enhance its product offerings and expand its global reach[15]. - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share within the next two years[145]. - A strategic acquisition of a local competitor was completed, expected to enhance the company's market position and increase overall revenue by 5%[143]. - The company aims to become one of the main suppliers of titanium concentrate in China, contributing to the sustainable development of the titanium industry[38]. Research and Development - Investment in new technologies and product development has increased by 25%, with a focus on enhancing digital gaming experiences[15]. - The company has invested 200 million RMB in R&D for new technologies in the past year[138]. - The company has developed proprietary technologies for titanium ore extraction and tailings management, enhancing resource recovery rates[54]. - The company completed several key R&D projects, including a game project and various titanium ore processing technologies, which are expected to positively impact future development[70]. - R&D investment amounted to ¥15.08 million, representing 2.31% of operating revenue, down from 4.27% the previous year[73]. Environmental and Sustainability Practices - The company’s titanium iron sand mining process is environmentally friendly, utilizing physical separation methods with minimal pollution[41]. - The company has developed environmentally friendly and energy-efficient titanium ore mining processes, significantly reducing energy consumption during extraction[186]. - The company emphasizes a commitment to green development and sustainable practices, aligning with local ecological protection requirements[186]. - The company has implemented measures to collect and treat wastewater generated during mining, utilizing physical and biological purification technologies[184]. Corporate Governance and Management - The company has established a mature shareholder meeting mechanism, holding three shareholder meetings during the reporting period, ensuring equal rights for all shareholders[118]. - The company maintains an independent governance structure, with no interference from controlling shareholders in decision-making or operational activities[121]. - The company has a complete and independent business structure, managing its production and sales activities autonomously without reliance on controlling shareholders[121]. - The company has established an independent financial accounting department and internal audit department, ensuring independent financial decision-making[122]. - The company emphasizes accurate and timely information disclosure, ensuring no false records or misleading statements during the reporting period[120]. - The company is focused on expanding its market presence and enhancing its product offerings through strategic management changes[130]. - The company has a strong emphasis on corporate governance, as evidenced by the recent changes in its supervisory board[130]. Financial Commitments and Performance - The net profit commitment for Zhongtai Technology from 2020 to 2024 is set at no less than 12 million, 150 million, 300 million, 500 million, and 550 million yuan respectively[191]. - The performance commitment for Xundian Jinlin Titanium Mine Co., Ltd. from 2021 to 2023 is set at no less than 10 million, 15 million, and 20 million yuan respectively[192]. - Zhongtai Resources is required to pay performance compensation in cash if any year's performance commitment is not met within 15 working days after the audit report is issued[191]. - The company is focused on compliance with performance commitments and has established a clear timeline for addressing any shortfalls[191]. Challenges and Risks - The management has identified potential risks in the market, including regulatory changes and competition, and has developed strategies to mitigate these risks[5]. - The company faces risks related to policy changes affecting the titanium mining sector, which could impact project approvals and operational timelines[105]. - Fluctuations in titanium concentrate prices pose a risk to profit margins, prompting the company to establish stable supply relationships and pricing mechanisms[106]. - The gaming industry has entered a stage of stock competition, increasing demands for product quality and operational methods, which may lead to significant uncertainty in the company's performance[112]. - Rising costs in film production, including quality IP, scripts, and post-production, are pushing up overall operational costs, while the domestic gaming market's shift to stock consumption is increasing R&D and marketing expenses[113].

Financial Performance - The company's operating revenue for Q1 2022 was ¥129,678,544.16, representing a 12.52% increase compared to ¥115,247,903.60 in the same period last year[4] - The net profit attributable to shareholders was -¥11,207,953.54, a significant decline of 604.95% from -¥1,589,901.61 in the previous year[4] - The net cash flow from operating activities improved by 43.38%, reaching -¥64,373,049.38 compared to -¥113,692,492.31 in the prior year[4] - Total operating revenue for Q1 2022 was CNY 129,678,544.16, an increase of 12.5% compared to CNY 115,247,903.60 in Q1 2021[22] - Total operating costs for Q1 2022 were CNY 132,643,171.28, up from CNY 119,658,898.87 in the same period last year, reflecting a rise of 10.5%[22] - Net loss for Q1 2022 was CNY 3,867,103.69, slightly improved from a net loss of CNY 3,955,314.15 in Q1 2021[23] - The company reported a loss attributable to the parent company of CNY 11,207,953.54 for Q1 2022, compared to a loss of CNY 1,589,901.61 in Q1 2021[23] - Basic earnings per share for Q1 2022 was -0.0131, compared to -0.0019 in Q1 2021[24] Cash Flow and Investments - Cash inflow from operating activities for Q1 2022 was CNY 174,326,929.42, an increase from CNY 132,721,587.29 in Q1 2021[25] - Cash paid for goods and services in Q1 2022 was CNY 140,563,319.18, down from CNY 165,356,477.57 in the previous year[25] - The net cash flow from operating activities was -64,373,049.38, an improvement from -113,692,492.31 in the previous year[27] - Total cash outflow from investing activities was 38,743,466.20, compared to 92,432,811.41 in the same period last year[27] - The net cash flow from investing activities was -26,578,747.55, an improvement from -89,173,799.49 year-over-year[27] - Cash inflow from financing activities amounted to 34,000,000.00, with a net cash flow of 11,745,237.43 after outflows[27] - The ending balance of cash and cash equivalents was 81,531,295.89, down from 193,634,556.89 at the beginning of the period[28] - The total cash outflow from operating activities was 238,699,978.80, slightly lower than 246,414,079.60 in the previous year[27] - The company reported a decrease in cash and cash equivalents by 79,298,525.51 during the quarter[27] - The cash inflow from investment recovery was 12,091,718.65, significantly higher than 3,256,724.93 in the previous year[27] - The company paid 21,516,351.65 in other financing activities during the quarter[27] Assets and Liabilities - The company's total assets increased by 0.61% to ¥2,569,184,105.22 from ¥2,553,516,203.16 at the end of the previous year[5] - The company's cash and cash equivalents decreased by 45.52% to ¥94,919,478.40, primarily due to increased operational expenditures in the gaming sector and investments in titanium mine production[8] - Accounts receivable rose by 16.40% to ¥165,792,662.17, mainly due to increased receivables from the titanium business[8] - Inventory increased by 43.53% to ¥88,482,771.18, attributed to higher production costs for film and television projects[8] - The company reported a total current liabilities of RMB 98,109,779.83 in accounts payable, down from RMB 109,178,904.96, a decrease of about 10.0%[19] - The company has a total of 791,307,011.89 in current assets as of March 31, 2022, compared to 762,651,528.97 at the beginning of the year, marking an increase of approximately 3.4%[19] - The company’s total liabilities as of Q1 2022 were CNY 559,873,455.07, slightly up from CNY 552,666,703.44 in Q1 2021[22] - Total equity increased to CNY 2,009,310,650.15 in Q1 2022 from CNY 2,000,849,499.72 in Q1 2021[22] Management and Governance - The company appointed Fang Fang as the new CFO on January 7, 2022, following the resignation of the previous CFO[13] - The company is in the process of hiring a new CFO after the unfortunate passing of Fang Fang on March 21, 2022[14] - Dinglong Culture Co., Ltd. submitted a rectification report to the Guangdong Securities Regulatory Bureau in response to an administrative regulatory measure issued on December 20, 2021[15] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 30,156[11] - The largest shareholder, Hangzhou Dinglong Enterprise Management Co., Ltd., holds 12.86% of the shares, with 70,974,335 shares pledged[11]

Financial Performance - The company's operating revenue for the first half of 2021 was ¥225,946,458.58, a decrease of 16.59% compared to ¥270,877,630.18 in the same period last year[21]. - The net profit attributable to shareholders was ¥506,970.14, representing a significant decline of 98.10% from ¥26,695,853.20 in the previous year[21]. - The net cash flow from operating activities was negative at ¥-146,971,308.56, a decrease of 174.56% compared to ¥197,123,847.99 in the same period last year[21]. - Basic earnings per share dropped to ¥0.0006, down 98.06% from ¥0.0310 in the previous year[21]. - Total revenue for the reporting period was ¥225,946,458.58, a decrease of 16.59% compared to ¥270,877,630.18 in the same period last year[36]. - The total profit for the first half of 2021 was ¥2,970,331.08, a decrease of 88.4% from ¥25,657,335.42 in the first half of 2020[145]. - The company reported a significant increase in tax expenses, with tax and additional fees amounting to ¥1,099,832.29 in the first half of 2021, compared to ¥274,353.35 in the same period last year[144]. - The company reported a net loss in retained earnings of CNY -1,203,632,931.86, slightly worsening from CNY -1,197,412,956.93[138]. - The company reported a net loss of approximately 12,166,400 for the first half of 2021, indicating a significant decline in profitability[172]. Assets and Liabilities - Total assets increased by 8.48% to ¥2,423,711,945.42 from ¥2,234,190,128.42 at the end of the previous year[21]. - The company’s cash and cash equivalents decreased to ¥180,365,568.26, down 10.63% from ¥409,637,257.61 at the end of the previous year[42]. - Inventory increased to ¥119,622,127.41, up 2.65% from ¥51,897,277.15, primarily due to increased production costs for film and television projects[42]. - The total amount of other receivables decreased to ¥76,268,307.69 from ¥83,461,662.85, showing a decline of about 8.6%[135]. - Total liabilities reached CNY 482,445,744.55, up from CNY 305,620,274.22, indicating a growth of around 57.8%[137]. - The company’s fixed assets increased significantly to CNY 99,971,801.10 from CNY 32,973,278.14, representing a growth of about 202.5%[136]. - Current liabilities rose significantly to CNY 213,329,685.74, compared to CNY 58,209,660.69, marking an increase of approximately 266.5%[137]. Investment and Cash Flow - The net cash outflow from investment activities was -163.52 million yuan, a decrease of 316.26% year-on-year, mainly due to increased investments in titanium production line construction[34]. - The total cash inflow from investment activities was 103,584,491.37 CNY, while cash outflow was 267,105,098.75 CNY[154]. - The company received 84,320,000.00 CNY from investment activities, indicating a focus on attracting new investments[154]. - The cash flow from financing activities was positive at 82,715,877.86 CNY, reflecting successful fundraising efforts[154]. - The company reported a significant decrease in cash flow from operating activities, with a drop of approximately 73% compared to the previous period[156]. Business Operations and Strategy - The company faced significant challenges in maintaining profitability, as evidenced by the drastic drop in net profit and cash flow from operations[21]. - Future strategies and risk management measures are detailed in the report, highlighting the company's awareness of potential market risks[5]. - The company is focusing on expanding its titanium ore business, aiming to achieve large-scale production and stable supply of titanium concentrate[57]. - The company is committed to improving the quality of its gaming products and film content to maintain a competitive edge in a rapidly changing market[65]. - The company plans to optimize management strategies and enhance decision-making efficiency to mitigate operational management risks associated with its expanding business[59]. Shareholder and Governance - The company plans not to distribute cash dividends or issue bonus shares[6]. - The company held its first extraordinary general meeting on February 2, 2021, with a participation rate of 29.40%[69]. - The company implemented a restricted stock incentive plan, granting 62 million shares at a price of 1.36 CNY per share[109]. - The total number of shares increased from 857,994,639 to 919,994,639 due to the stock incentive plan[110]. - The company has not reported any strategic acquisitions or new market expansions during the reporting period[118]. Compliance and Regulatory Matters - The company has not faced any administrative penalties for environmental issues during the reporting period[77]. - The company did not experience any major penalties or rectification situations during the reporting period[89]. - The financial report was approved by the board of directors on August 12, 2021[174]. - The company adheres to the relevant accounting standards, ensuring that the financial statements accurately reflect its financial position, operating results, and cash flows[179].

Financial Performance - Revenue for Q1 2021 was CNY 115,247,903.60, a decrease of 43.05% compared to CNY 202,372,324.29 in the same period last year[8] - Net profit attributable to shareholders was CNY -1,589,901.61, representing a decline of 106.83% from CNY 23,275,312.82 year-over-year[8] - Basic and diluted earnings per share were both CNY -0.0019, down 107.01% from CNY 0.0271 in the same quarter last year[8] - Net profit for Q1 2021 was a loss of CNY 3,955,314.15, compared to a profit of CNY 22,940,572.82 in the same period last year[45] - The net profit for the first quarter of 2021 was -2,578,261.75 yuan, compared to -1,196,153.49 yuan in the same period last year, indicating a significant increase in losses[49] - The total comprehensive income for the first quarter was 3,658,235.81 yuan, a decrease from -6,856,533.61 yuan year-over-year[50] Cash Flow - Net cash flow from operating activities was CNY -113,692,492.31, a significant drop of 192.81% compared to CNY 122,506,536.42 in the previous year[8] - The cash flow from operating activities showed a net outflow of -113,692,492.31 yuan, compared to a net inflow of 122,506,536.42 yuan in the previous year[54] - The cash flow from investment activities resulted in a net outflow of -89,173,799.49 yuan, contrasting with a net inflow of 99,073,457.38 yuan in the same period last year[54] - The company reported a significant increase in cash outflows for operating activities, totaling 246,414,079.60 yuan, compared to 280,402,665.99 yuan in the previous year[53] - The net cash flow from investment activities was -231,372,219.06 CNY, with total cash outflow from investment activities amounting to 240,000,000.00 CNY[57] Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,308,800,025.00, an increase of 3.34% from CNY 2,234,190,128.42 at the end of the previous year[8] - The company's current assets decreased to CNY 651,150,278.88 from CNY 759,812,182.06 at the end of 2020, representing a decline of approximately 14.26%[35] - Total liabilities rose to CNY 375,873,727.64 from CNY 305,620,274.22, indicating an increase of about 23%[37] - The company's total assets decreased to CNY 1,794,739,074.13 from CNY 1,818,960,325.54[41] - Total liabilities amounted to CNY 739,923,081.29, down from CNY 761,075,623.44[41] Shareholder Information - The total number of common shareholders at the end of the reporting period was 23,848[12] - The largest shareholder, Hangzhou Dinglong Enterprise Management Co., Ltd., held 13.79% of shares, amounting to 118,290,557 shares, which are pledged[12] - The company did not engage in any repurchase transactions among the top 10 shareholders during the reporting period[13] Expenses - Operating costs decreased by 42.92% to ¥96,322,725.56, reflecting the absence of merchandise trading activities[16] - Management expenses rose by 57.01% to ¥16,714,384.53, mainly due to increased costs associated with the titanium mining business[16] - Research and development expenses decreased by 39.14% to ¥3,049,866.82, attributed to reduced investment in game research[16] - The company reported a significant increase in management expenses to CNY 16,714,384.53 from CNY 10,645,480.68[44] Other Financial Information - The company reported non-recurring gains and losses totaling CNY 958,964.91 for the period[9] - The company plans to grant up to 62 million restricted stocks at a price of ¥1.36 per share to 34 incentive targets as part of its 2021 incentive plan[19] - The company reported no derivative investments during the reporting period[26] - There were no significant contracts or entrusted financial management activities reported during the period[27][30] - The company did not engage in any non-operating fund occupation by controlling shareholders or related parties[29] - There were no violations regarding external guarantees during the reporting period[28]

Financial Performance - The company's operating revenue for Q3 2021 was ¥159,451,728.01, representing a 134.75% increase year-over-year[4] - The net profit attributable to shareholders was -¥21,639,611.56, a decrease of 3,099.77% compared to the same period last year[4] - The net cash flow from operating activities was -¥202,115,734.75, a decline of 219.23% year-to-date[11] - Total operating revenue for Q3 2021 was CNY 385,398,186.59, an increase of 13.7% compared to CNY 338,801,868.00 in the same period last year[25] - The net profit for Q3 2021 was a loss of CNY 13,800,305.61, compared to a profit of CNY 27,014,580.50 in Q3 2020[26] - The total comprehensive income attributable to the parent company was -16,029,070.35 CNY, compared to 18,137,552.30 CNY in the previous period[27] - Basic earnings per share decreased to -0.0246 CNY from 0.0319 CNY in the previous period[27] Assets and Liabilities - Total assets increased to ¥2,486,142,586.88, reflecting an 11.28% growth from the end of the previous year[5] - The total liabilities rose to CNY 538,379,210.44, compared to CNY 305,620,274.22 in the previous year[22] - Total liabilities amounted to CNY 305,620,274.22, a decrease of CNY 15,534,938.73 compared to the previous period[35] - The company’s current liabilities totaled CNY 58,209,660.69, with a notable increase in non-current liabilities to CNY 247,410,613.53[35] - The company’s total liabilities and equity combined reached CNY 1,818,960,325.54, indicating a stable financial structure[39] Shareholder Information - The total number of common shareholders at the end of the reporting period is 25,334[13] - The largest shareholder, Hangzhou Dinglong Enterprise Management Co., Ltd., holds 12.86% of shares, totaling 118,290,557 shares, with 70,974,335 shares pledged[13] - The second-largest shareholder, Guo Xiangbin, holds 10.71% of shares, totaling 98,563,119 shares, with all shares pledged and frozen[13] - The top ten shareholders include several investment management firms, indicating a diverse ownership structure[14] - The company has not disclosed any other significant shareholder relationships or agreements beyond those mentioned[14] Cash Flow and Liquidity - As of September 30, 2021, the company's cash and cash equivalents amounted to RMB 101,465,110.65, a decrease from RMB 409,637,257.61 at the end of 2020[20] - Cash inflow from operating activities totaled 460,325,678.06 CNY, down from 660,343,461.55 CNY in the previous period[29] - Cash outflow from operating activities increased to 662,441,412.81 CNY, compared to 490,820,312.61 CNY in the previous period[30] - Cash and cash equivalents at the end of the period were 88,082,965.60 CNY, a decrease from 419,625,576.22 CNY at the end of the previous period[31] - The company’s cash and cash equivalents stood at CNY 5,448,366.71, reflecting liquidity position[37] Operational Metrics - The company reported an increase in accounts receivable by 89.04% to ¥168,969,862.76, primarily due to increased receivables from titanium ore business[10] - The inventory surged by 159.33% to ¥134,585,780.47, attributed to rising production costs in film and television projects[10] - The company’s research and development expenses decreased by 36.11% to ¥9,744,927.13, mainly due to a reduction in personnel costs[11] - Research and development expenses for Q3 2021 were CNY 9,744,927.13, a decrease from CNY 15,253,184.62 in the same quarter last year[25] Corporate Actions - The company provided a guarantee for its wholly-owned subsidiary to secure a financing of RMB 50 million from China Bank[16] - The company has extended the duration of its first employee stock ownership plan until November 10, 2022[17] - The company has undergone a name change for its wholly-owned subsidiary to better align with its business development needs[18] - The company has a total of 5,180,278 shares issued under its first employee stock ownership plan, which has been fully listed and is now tradable[17] - The company plans to focus on market expansion and new product development in the upcoming quarters[24] Financial Reporting Changes - The company has begun implementing the new leasing standards from January 1, 2021, affecting financial reporting[40]

Financial Performance - The company's operating revenue for Q3 2021 was ¥159,451,728.01, representing a 134.75% increase year-over-year[4] - The net profit attributable to shareholders was -¥21,639,611.56, a decrease of 3,099.77% compared to the same period last year[4] - The net cash flow from operating activities was -¥202,115,734.75, reflecting a decline of 219.23% year-to-date[11] - Total operating revenue for Q3 2021 was CNY 385,398,186.59, an increase from CNY 338,801,868.00 in the same period last year, representing a growth of approximately 13.9%[23] - The net profit for Q3 2021 was a loss of CNY 13,800,305.61, compared to a profit of CNY 27,014,580.50 in Q3 2020, reflecting a significant decline in profitability[24] - Total operating costs for Q3 2021 amounted to CNY 397,621,331.33, up from CNY 332,066,909.00, indicating a rise of about 19.7%[23] - The total comprehensive income attributable to the parent company was -16,029,070.35 yuan, compared to 18,137,552.30 yuan in the previous period[25] Assets and Liabilities - Total assets at the end of the reporting period reached ¥2,519,142,586.88, an increase of 11.11% from the previous year[4] - Total liabilities rose to CNY 571,379,210.44, compared to CNY 338,620,274.22, which is an increase of about 68.6%[21] - The company's total assets increased to CNY 2,519,142,586.88 from CNY 2,267,190,128.42, marking a growth of approximately 11.1%[22] - Total liabilities amounted to CNY 338,620,274.22, a decrease of CNY 15,534,938.73 compared to the previous period[33] - Total current liabilities were CNY 761,075,623.44, showing a decrease of CNY 1,105,030.00 compared to the previous period[38] Shareholder Information - The total number of common shareholders at the end of the reporting period is 25,334[13] - The largest shareholder, Hangzhou Dinglong Enterprise Management Co., Ltd., holds 12.86% of shares, totaling 118,290,557 shares, with 70,974,335 shares pledged[13] - The second-largest shareholder, Guo Xiangbin, holds 10.71% of shares, totaling 98,563,119 shares, with all shares pledged and frozen[13] - The top ten shareholders include several entities with significant shareholdings, indicating concentrated ownership[14] - The company has not disclosed any other significant shareholder relationships or agreements beyond those mentioned[14] Cash Flow - As of September 30, 2021, the company's cash and cash equivalents amounted to RMB 101,465,110.65, a decrease from RMB 409,637,257.61 at the end of 2020[19] - Cash inflow from operating activities totaled 460,325,678.06 yuan, compared to 660,343,461.55 yuan in the previous period[26] - Cash outflow from operating activities was 662,441,412.81 yuan, up from 490,820,312.61 yuan in the previous period[28] - Total cash and cash equivalents at the end of the period were 88,082,965.60 yuan, down from 419,625,576.22 yuan at the end of the previous period[29] - The company reported a decrease in cash flow from other operating activities to 88,502,557.48 yuan from 62,003,086.81 yuan in the previous period[26] Operational Metrics - Accounts receivable increased by 89.04% to ¥168,969,862.76, primarily due to increased receivables from titanium mining operations[10] - Inventory surged by 159.33% to ¥134,585,780.47, mainly due to rising production costs in film and television projects[11] - The company reported a significant increase in contract liabilities, up 1,441.44% to ¥38,494,096.74, attributed to pre-received payments for film sales[11] - The company experienced a 100% increase in trading financial assets, reaching ¥10,000,000.00, due to the purchase of bank wealth management products[10] - The company reported a significant increase in accounts payable, which reached CNY 77,589,975.15, compared to CNY 68,084,886.29 in the previous year, reflecting a rise of about 14.5%[21] Research and Development - Research and development expenses for Q3 2021 were CNY 9,744,927.13, a decrease from CNY 15,253,184.62 in the previous year, indicating a reduction of approximately 36.5%[23] Other Information - The company has extended the duration of its first employee stock ownership plan until November 10, 2022[17] - The company’s wholly-owned subsidiary changed its name to Dinglong Trade Investment (Guangzhou) Co., Ltd. in July 2021[18] - The company has implemented the new lease accounting standard since January 1, 2021, affecting the financial statements[34] - The report for the third quarter was not audited, which may impact the reliability of the financial data presented[40] - The company has a capital reserve of CNY 1,897,011,916.85, which remains stable compared to the previous period[39]

Financial Performance - The company's operating revenue for the first half of 2021 was ¥225,946,458.58, a decrease of 16.59% compared to ¥270,877,630.18 in the same period last year[22]. - The net profit attributable to shareholders of the listed company was ¥506,970.14, down 98.10% from ¥26,695,853.20 in the previous year[22]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥1,004,592.94, a decline of 103.87% compared to ¥25,925,452.62 in the same period last year[22]. - The net cash flow from operating activities was -¥146,971,308.56, a decrease of 174.56% from ¥197,123,847.99 in the previous year[22]. - The basic earnings per share were ¥0.0006, down 98.06% from ¥0.0310 in the same period last year[22]. - Total revenue for the reporting period was ¥225,946,458.58, a decrease of 16.59% compared to ¥270,877,630.18 in the same period last year[37]. - The net profit attributable to shareholders was 507,000 yuan, down 98.10% year-on-year, mainly due to a decline in the gross margin of the gaming business and no significant reversal of bad debt provisions in the film business[29]. - The total profit for the first half of 2021 was CNY 2,970,331.08, down from CNY 25,657,335.42 in the previous year[147]. - The comprehensive income totalled CNY 10,925,932.80 for the first half of 2021, compared to CNY 20,465,416.50 in the previous year[147]. Assets and Liabilities - Total assets at the end of the reporting period were ¥2,456,711,945.42, an increase of 8.36% from ¥2,267,190,128.42 at the end of the previous year[22]. - The net assets attributable to shareholders of the listed company were ¥1,319,496,261.65, a slight increase of 0.10% from ¥1,318,182,253.27 at the end of the previous year[22]. - The company's cash and cash equivalents decreased by 10.73% to ¥180,365,568.26, primarily due to increased investments in titanium mine production and film production costs[43]. - Accounts receivable increased to ¥98,477,456.44, reflecting a 0.07% increase from the previous year[43]. - The company's inventory rose to ¥119,622,127.41, mainly due to production costs associated with filming[43]. - The total current liabilities were not specified in the provided data, but the company reported a total current asset of RMB 745,064,834.85, down from RMB 792,812,182.06, a decrease of about 6.0%[137]. - The company's non-current assets totaled RMB 1,711,647,110.57, up from RMB 1,474,377,946.36, reflecting an increase of approximately 16.1%[137]. - The total liabilities at the end of the reporting period were 789 million, indicating a stable financial position[167]. Cash Flow - The net cash flow from operating activities was -146,971,308.56 CNY, a decrease from 197,123,847.99 CNY in the previous period[154]. - Total cash inflow from operating activities amounted to 344,383,898.28 CNY, while cash outflow was 491,355,206.84 CNY, resulting in a net cash flow deficit[154]. - Cash flow from investment activities showed a net outflow of -163,520,607.38 CNY, compared to a net inflow of 75,612,241.39 CNY in the previous period[155]. - The ending balance of cash and cash equivalents decreased to 168,589,013.49 CNY from 468,895,469.19 CNY at the beginning of the period[156]. - The company reported a significant decrease in cash received from operating activities, dropping to 117,719,821.73 CNY from 523,336,078.86 CNY year-over-year[157]. Research and Development - Research and development expenses decreased by 44.09% to 5.76 million yuan, primarily due to a reduction in personnel costs[35]. - Research and development expenses for the first half of 2021 were CNY 5,760,251.56, down 44.6% from CNY 10,303,304.87 in the previous year[145]. - New product development is underway, with an investment of 72.2 million RMB allocated for R&D in the next quarter[163]. Strategic Initiatives - The company plans not to distribute cash dividends or issue bonus shares[7]. - The company is actively preparing for the extension and conversion of two exploration rights into mining rights, while closely monitoring ecological protection regulations[30]. - The company is expanding its operations beyond gaming and film into titanium mining, which increases management complexity and requires improved decision-making efficiency[58]. - The company has initiated a strategic acquisition plan, aiming to acquire two smaller firms to enhance its service offerings[164]. Risks and Challenges - The company has detailed the major risks it may face in the report and the corresponding countermeasures[6]. - The company is facing risks related to fluctuations in titanium concentrate prices, which are influenced by supply-demand dynamics and geopolitical factors, potentially affecting profit margins[57]. - There are risks associated with significant upfront investments in mining projects, which could lead to delays if funding is not timely secured[60]. - The gaming and film industries are facing increased regulatory scrutiny, which could impact operations if compliance is not maintained[63]. - Rising production costs in both gaming and film sectors are a concern, prompting the company to optimize resource allocation and cost control measures[66]. Shareholder Information - The company held its first extraordinary general meeting on February 2, 2021, with a participation rate of 29.40%[69]. - The second extraordinary general meeting took place on April 19, 2021, with a participation rate of 12.49%[69]. - The annual general meeting on May 21, 2021, had a participation rate of 46.36%[69]. - The company launched a restricted stock incentive plan in 2021, proposing to grant up to 62 million shares at a price of 1.36 yuan per share[74]. - The total number of ordinary shareholders at the end of the reporting period was 27,042[121]. Compliance and Governance - The semi-annual financial report was not audited[84]. - The company has not faced any administrative penalties for environmental issues during the reporting period[77]. - There were no significant litigation or arbitration matters during the reporting period[87]. - The company’s financial report was approved by the board on August 12, 2021, indicating timely financial governance[175].

Financial Performance - The company's revenue for Q1 2021 was ¥115,247,903.60, a decrease of 43.05% compared to ¥202,372,324.29 in the same period last year[9] - The net profit attributable to shareholders was a loss of ¥1,589,901.61, representing a decline of 106.83% from a profit of ¥23,275,312.82 in the previous year[9] - The net cash flow from operating activities was negative at ¥113,692,492.31, a decrease of 192.81% compared to ¥122,506,536.42 in the same period last year[9] - Basic and diluted earnings per share were both negative at ¥-0.0019, down 107.01% from ¥0.0271 in the previous year[9] - Revenue declined by 43.05% to ¥115,247,903.60 as the company did not engage in commodity trading during the period[18] - Net profit attributable to shareholders dropped by 106.83% to -¥1,589,901.61, mainly due to reduced profits in the gaming and film sectors[19] - The net profit for the first quarter was a loss of CNY 3,955,314.15, compared to a profit of CNY 22,940,572.82 in the same period last year[47] - The net profit for the current period is a loss of CNY 2,578,261.75, compared to a loss of CNY 1,196,153.49 in the previous period, indicating a worsening financial performance[51] Assets and Liabilities - The total assets at the end of the reporting period were ¥2,341,800,025.00, an increase of 3.29% from ¥2,267,190,128.42 at the end of the previous year[9] - The company's current assets decreased to ¥684,150,278.88 from ¥792,812,182.06, reflecting a decline of about 13.7%[37] - Total liabilities rose to ¥408,873,727.64 from ¥338,620,274.22, indicating an increase of approximately 20.7%[39] - Non-current liabilities increased from ¥247,410,613.53 to ¥268,648,451.86, a rise of about 8.6%[39] - The total assets as of March 31, 2021, were CNY 1,794,739,074.13, a decrease from CNY 1,818,960,325.54 at the end of 2020[42] - The total liabilities as of March 31, 2021, were CNY 739,923,081.29, compared to CNY 761,075,623.44 in the previous period[43] Cash Flow - Cash and cash equivalents decreased by 48.12% to ¥212,529,197.79 due to payments for film production, mining construction, and equipment[18] - Cash and cash equivalents dropped significantly from ¥409,637,257.61 to ¥212,529,197.79, a decrease of approximately 48%[37] - The cash and cash equivalents at the end of the period amount to CNY 193,634,556.89, down from CNY 417,750,269.62 at the end of the previous period[56] - Operating cash inflow for the current period was $85,391,193.24, a decrease of 80.6% compared to $439,842,497.73 in the previous period[58] - Net cash flow from operating activities was $1,857,213.26, down 98.3% from $107,245,016.75 in the prior period[58] Shareholder Information - The total number of common shareholders at the end of the reporting period was 23,848[13] - The top shareholder, Hangzhou Dinglong Enterprise Management Co., Ltd., held 13.79% of the shares, amounting to 118,290,557 shares, which are pledged[13] Inventory and Costs - Inventory increased by 82.50% to ¥94,714,933.22 primarily due to rising production costs of ongoing film projects[18] - Operating costs decreased by 42.92% to ¥96,322,725.56, reflecting the absence of commodity trading activities[18] - Research and development expenses decreased by 39.14% to ¥3,049,866.82, attributed to reduced investment in game research[18] Other Financial Metrics - The weighted average return on net assets was -0.12%, down 1.92% from 1.80% in the previous year[9] - The company reported non-recurring gains and losses totaling ¥958,964.91 for the period[10] - Other payables surged by 322.41% to ¥47,320,547.60, primarily due to the merger with the titanium mining subsidiary[18] - The company reported a significant increase of 597.60% in cash paid for acquiring fixed assets and construction projects, totaling ¥32,432,811.41[19] Changes in Accounting Standards - The company began implementing the revised leasing standards from January 1, 2021, affecting the financial statements[60] - The company adopted the revised Accounting Standard for Leases starting January 1, 2021, impacting financial statement adjustments[66] Comprehensive Income - The total comprehensive income for the current period is CNY 2,616,721.56, compared to CNY 29,027,224.75 in the previous period, showing a decline[51] - Other comprehensive income after tax for the first quarter was CNY 6,572,035.71, compared to CNY 6,086,651.93 in the previous period[47] - Other comprehensive income for the current period is CNY 6,236,497.56, a recovery from a loss of -CNY 5,660,380.12 in the previous period[52] Management and Expenses - The company incurred management expenses of CNY 2,970,927.79, which is an increase from CNY 1,800,497.12 in the previous period[50] - The company reported a significant increase in financial expenses, with interest expenses of CNY 11,694.14 compared to CNY 1,830.08 in the previous period[50]

Financial Performance - Operating revenue decreased by 78.68% to CNY 67,924,237.82 for the current period, and by 57.23% to CNY 338,801,868.00 year-to-date[8] - Net profit attributable to shareholders increased by 100.16% to CNY 721,375.71 for the current period, and by 105.88% to CNY 27,417,228.91 year-to-date[8] - Basic earnings per share rose by 100.16% to CNY 0.001 for the current period, and by 105.88% to CNY 0.0319 year-to-date[8] - The net profit for the period was CNY 1,357,246.55, compared to a net loss of CNY 464,447,339.33 in the same period last year[42] - The company reported a net profit of ¥27,014,580.50, a significant recovery from a net loss of ¥467,494,317.95 in the previous year[50] - The company reported a significant decrease in accounts receivable, which fell to CNY 90,380,893.12 from CNY 306,971,052.93, a decline of approximately 70.6%[32][35] Cash Flow - Net cash flow from operating activities was negative at CNY -27,600,699.05, a decrease of 161.89% compared to the previous period[8] - Cash flow from operating activities improved to ¥169,523,148.94, a turnaround from a negative cash flow of ¥250,366,117.76 in the previous period[17] - The net cash flow from operating activities was 169,523,148.94 CNY, recovering from -250,366,117.76 CNY in the same period last year[59] - The net increase in cash and cash equivalents was ¥223,578,753.03, primarily driven by the recovery of receivables and reduced procurement expenditures[17] - Cash inflow from operating activities totaled 660,343,461.55 CNY, a decrease from 1,676,455,667.57 CNY in the previous period[57] Assets and Liabilities - Total assets increased by 61.05% to CNY 2,247,809,838.74 compared to the end of the previous year[8] - The total liabilities rose to CNY 329,605,288.03, compared to CNY 77,758,515.09 at the end of 2019, marking an increase of approximately 323.5%[34][35] - The company's current assets decreased to CNY 809,437,891.79 from CNY 951,736,834.25 in the previous year, indicating a decline of approximately 14.9%[32][35] - The total liabilities increased to CNY 752,159,157.87 from CNY 571,909,784.65[41] - The company’s total liabilities included CNY 571,909,784.65 in total liabilities as of the end of the reporting period[72] Shareholder Information - The total number of shareholders at the end of the reporting period was 26,606[12] - The largest shareholder, Hangzhou Dinglong Enterprise Management Co., Ltd., holds 13.79% of shares, totaling 118,290,557 shares[12] - No share repurchase agreements were conducted by the top ten shareholders during the reporting period[13] Investment and Expenses - Investment income showed a significant decline of 2335.70%, resulting in a loss of ¥4,498,094.95 due to increased investment losses[17] - Management expenses decreased by 41.99% to ¥40,964,305.08, attributed to enhanced cost control measures[16] - Research and development expenses increased to ¥15,253,184.62, up from ¥13,009,507.22 year-on-year, indicating a focus on innovation[50] Comprehensive Income - Other comprehensive income after tax was CNY -4,087,759.16, compared to CNY 4,343,094.56 in the previous period[42] - The total comprehensive income for the period was CNY -2,730,512.61, compared to CNY -460,104,244.77 last year[43] - The company recorded a total comprehensive income of ¥17,734,903.89, a recovery from -¥487,276,956.66 in the same period last year[52] Equity - The company's equity attributable to shareholders was CNY 1,317,990,569.24, up from CNY 1,303,375,655.47, reflecting a slight increase of about 1.1%[35] - The total equity decreased to CNY 1,071,758,065.30 from CNY 1,088,333,096.93[41] Other Information - The company has not forecasted any significant changes in net profit for the year, indicating stability in its financial outlook[24] - The company has no significant non-operating fund occupation by controlling shareholders or related parties during the reporting period[26] - The company did not engage in any major contracts or receive any research or communication activities during the reporting period[27] - The company has not undergone an audit for the third quarter report[73]