编号：2024-004 证券代码：002602 证券简称：ST 华通 浙江世纪华通集团股份有限公司 投资者关系活动记录表 | --- | --- | --- | |-------------------------------|--------------------------------------------------------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

证券代码：002602 证券简称：ST 华通 编号：2024-003 浙江世纪华通集团股份有限公司 投资者关系活动记录表 | --- | --- | --- | |-------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

证券代码：002602 证券简称：ST 华通 编号：2024-002 浙江世纪华通集团股份有限公司 投资者关系活动记录表 | --- | --- | --- | |-------------------|------------------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | | □特定对象调研 | □分析师会议 | | 投资者关 | □媒体采访 | □业绩说明会 | | 系活动类 | □新闻发布会 | □路演活动 | | 别 | □现场参观 | | ...

Financial Performance - Revenue for the third quarter reached 6.25 billion yuan, a year-on-year increase of 67.29%[3] - Net profit attributable to shareholders of the listed company was 644.9 million yuan, up 14.95% year-on-year[3] - Basic earnings per share for the third quarter were 0.09 yuan, up 28.57% year-on-year[3] - Weighted average return on equity for the first three quarters was 7.09%, an increase of 1.32 percentage points year-on-year[3] - Total operating revenue for the period reached RMB 15,528,891,046.85, a significant increase from RMB 9,787,383,033.81 in the previous period[19] - Operating costs amounted to RMB 13,066,476,836.87, up from RMB 8,272,634,079.52 in the previous period[19] - Net profit for the period was RMB 1,899,272,864.54, up from RMB 1,492,386,508.95 in the previous period[20] - Basic earnings per share (EPS) for the period was RMB 0.25, compared to RMB 0.19 in the previous period[21] - Total comprehensive income for the period was RMB 1,080,326,765.80, compared to RMB 1,306,341,869.16 in the previous period[21] Cash Flow and Liquidity - Operating cash flow for the first three quarters of 2024 was 3.46 billion yuan, an increase of 38.72% year-on-year[3] - Cash flow from operating activities was RMB 3,462,103,373.85, an increase from RMB 2,495,810,023.14 in the previous period[22] - Net cash received from disposal of subsidiaries and other business units: 34,648,679.24[23] - Cash received from other investment-related activities: 70,000,000.00 (current quarter) vs. 134,280,000.00 (previous quarter)[23] - Total cash inflow from investment activities: 1,217,740,843.22 (current quarter) vs. 1,362,781,608.68 (previous quarter)[23] - Cash paid for acquisition of fixed assets, intangible assets, and other long-term assets: 515,095,576.93 (current quarter) vs. 379,077,454.35 (previous quarter)[23] - Cash paid for investments: 1,840,814,244.05 (current quarter) vs. 1,375,155,422.66 (previous quarter)[23] - Net cash paid for acquisition of subsidiaries and other business units: 120,460,792.98 (current quarter) vs. 16,315,000.00 (previous quarter)[23] - Total cash outflow from investment activities: 2,479,022,228.84 (current quarter) vs. 2,717,728,524.97 (previous quarter)[23] - Net cash flow from investment activities: -1,261,281,385.62 (current quarter) vs. -1,354,946,916.29 (previous quarter)[23] - Net cash flow from financing activities: -743,562,781.63 (current quarter) vs. -42,287,099.85 (previous quarter)[23] - Net increase in cash and cash equivalents: 1,441,270,685.00 (current quarter) vs. 1,151,170,746.23 (previous quarter)[23] Asset and Liability Changes - Total assets as of the end of the reporting period were 39.3 billion yuan, a 5.22% increase compared to the end of the previous year[3] - The company's monetary funds increased to 5,291,483,567.72 yuan at the end of the period, up from 3,520,135,332.40 yuan at the beginning of the period, representing a significant increase[16] - Accounts receivable rose to 3,366,359,896.58 yuan from 2,605,429,289.59 yuan, indicating growth in receivables[16] - Inventory increased to 793,221,419.61 yuan from 669,516,101.87 yuan, reflecting higher inventory levels[16] - Total current assets grew to 10,865,313,468.12 yuan from 8,382,847,419.51 yuan, showing an overall increase in liquidity[16] - Long-term equity investments increased to 2,544,287,911.25 yuan from 2,394,312,440.19 yuan, indicating growth in long-term investments[16] - Other non-current financial assets rose to 6,017,174,142.34 yuan from 5,678,096,799.03 yuan, reflecting an increase in non-current financial assets[17] - Total assets increased to 39,296,662,809.73 yuan from 37,347,274,896.66 yuan, showing overall asset growth[17] - Short-term borrowings surged to 941,626,818.06 yuan from 465,215,833.87 yuan, indicating a significant increase in short-term debt[17] - Total current liabilities rose to 10,522,748,071.70 yuan from 6,186,198,381.71 yuan, reflecting higher short-term obligations[17] - Total liabilities increased to 12,327,901,245.09 yuan from 11,358,300,403.94 yuan, showing an overall rise in liabilities[18] Gaming Business Performance - Overseas gaming business continued to grow rapidly, contributing significantly to the revenue increase[7] - The company's domestic gaming business also showed steady growth, supporting overall performance[7] Shareholder and Equity Information - The number of ordinary shareholders at the end of the reporting period was 190,158[8] - Senior management and core personnel completed a share purchase plan, acquiring 6.33 million shares (0.085% of total shares) for RMB 20.23 million[12] - The company initiated a share repurchase plan with a total amount between RMB 50 million and RMB 100 million, repurchasing 306,700 shares (0.0041% of total shares) for RMB 998,664.52 as of September 30, 2024[13] - The China Minsheng Bank Co., Ltd. - ChinaAMC CSI Animation & Gaming ETF increased its shareholding from 95.28 million shares (1.28%) to 167.92 million shares (2.25%)[10] - The top 10 shareholders hold significant stakes, with Linzi Tencent Technology Co., Ltd. holding 745.26 million shares (10.00%) and Hong Kong Securities Clearing Company Ltd. holding 272.51 million shares (3.66%)[9] Government Subsidies and Financial Opinions - Government subsidies received during the reporting period amounted to 29.85 million yuan[4] - The company's 2023 financial report received a qualified opinion due to a potential reduction in goodwill and retained earnings by RMB 550 million and RMB 880 million respectively, with other payables or capital reserves potentially increasing by RMB 330 million[11] Legal and Arbitration Matters - The company is involved in an ongoing arbitration case with Wemade Entertainment Co., Ltd. and Legend IP Co., Ltd., with partial awards issued in 2020 and 2021, and a final award in 2023[14] R&D and Operational Expenses - R&D expenses increased to RMB 1,310,873,967.30, compared to RMB 1,144,155,226.64 in the previous period[19] - Sales revenue from goods and services reached RMB 12,566,529,418.29, up from RMB 9,793,649,192.89 in the previous period[22] - Payments for goods and services were RMB 6,501,074,611.08, compared to RMB 5,270,834,308.93 in the previous period[22] - Payments to employees and for employee benefits were RMB 1,962,588,512.73, up from RMB 1,776,068,880.00 in the previous period[22]

Investment Rating - The report maintains an "Outperform" rating for the company [1] Core Views - The company achieved significant revenue and profit growth in 24H1, with revenue reaching 9.276 billion yuan, a year-on-year increase of 53.33%, and net profit attributable to the parent company reaching 1.158 billion yuan, a year-on-year increase of 33.41% [3] - Overseas revenue grew by 115.28% year-on-year to 5.019 billion yuan, accounting for 54.11% of total revenue [3] - The company's internet gaming business revenue reached 8.512 billion yuan in 24H1, a year-on-year increase of 72.92%, with mobile gaming revenue accounting for 73.14% of total revenue [4] - The company's Legend IP integration contributed to an 80% year-on-year increase in related revenue, becoming a new growth engine [4] - The company is expanding into AI cloud data services, with the Shanghai data center project achieving profitability in the first half of the year [4] Financial Performance and Forecast - The company's revenue is expected to grow from 13.285 billion yuan in 2023 to 21.309 billion yuan in 2026, with a CAGR of 15.8% [5] - Net profit is forecasted to increase from 52.4 million yuan in 2023 to 3.374 billion yuan in 2026, with a significant turnaround in profitability [5] - The company's EPS is expected to grow from 0.07 yuan in 2023 to 0.45 yuan in 2026 [5] - The company's gross margin is projected to remain stable at around 60% from 2023 to 2026 [5] Business Segments - Mobile gaming revenue is expected to grow from 7.793 billion yuan in 2023 to 12.367 billion yuan in 2026, maintaining a gross margin of 68.59% [6] - PC gaming revenue is forecasted to increase from 3.133 billion yuan in 2023 to 4.972 billion yuan in 2026, with a gross margin of 70.76% [6] - The company's cloud data services are expected to grow from 2 million yuan in 2023 to 96 million yuan in 2026, with the segment turning profitable by 2026 [6] Valuation and Peer Comparison - The company's 2024E P/E ratio is 13.63x, lower than the peer average of 15x [7] - The company's 2024E P/B ratio is 1.21x, indicating a relatively low valuation compared to peers [7] - The company's 2024E P/S ratio is 2.06x, slightly higher than the peer average of 1.78x [7]

浙江世纪华通集团股份有限公司 2024 年半年度报告 二〇二四年八月 第一节 重要提示、目录和释义 公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容 的真实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担 个别和连带的法律责任。 公司负责人谢斐、主管会计工作负责人钱昊及会计机构负责人(会计主管 人员)钱昊声明：保证本半年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本次半年报的董事会会议。 本报告中所涉及的未来计划、发展战略等前瞻性描述不构成公司对投资 者的实质承诺，投资者及相关人士均应当对此保持足够的风险认识，并且应 当理解计划、预测与承诺之间的差异。敬请广大投资者注意投资风险，具体 内容详见本报告第三节"管理层讨论与分析"之"十、公司面临的风险和应 对的措施"的相关内容。 公司计划不派发现金红利，不送红股，不以公积金转增股本。 | --- | --- | |--------------------------------|-------| | | | | 第一节 重要提示、目录和释义 - | | | 第二节 公司简介和主要财务指标_ | | | 第三节 管理层讨论与 ...

[Table_MainInfo] 公司研究/汽车与零配件/汽车零配件 证券研究报告 世纪华通（002602）公司年报点评 2024年05月25日 [ Table_InvestInfo] 24Q1 营收、利润增长亮眼，点点互动新 品持续发力，新业务成长空间广阔 [Table_Summary] 投资要点：  2023营收稳步增长，24Q1业绩增速亮眼。公司2023年实现营收132.85亿元， 同比增长15.77%，其中海外收入收入61亿元，占比46%，实现营业利润9.94 亿元，实现归母净利润5.24亿元。24Q1公司实现营收42.62亿元，同比增长 40.99%，实现归母净利润6.52亿元，同比增长50.32%，实现扣非归母净利润 6.46亿元，同比增长91.66%，公司一季度营收和利润增速亮眼。 取得《传奇》系列大陆独家授权，点点互动登顶出海收入榜首。公司国内游  戏基本盘稳健，2023年8月9日，公司发布公告称旗下控股子公司亚拓士已 经与娱美德旗下的株式会社传奇IP就《传奇》IP达成全新的合作协议，协议 中显示，基于此次与《传奇》系列游戏共有著作权人另外一方的独占性合作， 亚拓士将获得为期 5 年的《传 ...

[Table_MainInfo] 公司研究/汽车与零配件/汽车零配件 证券研究报告 世纪华通（002602）公司年报点评 2024年05月25日 [Table_InvestInfo] 24Q1 营收、利润增长亮眼，点点互动新 投资评级 优于大市 维持 品持续发力，新业务成长空间广阔 股票数据 0[5T月ab2le4_日S收to盘ck价（In元fo）] 3.95 [Table_Summary] 52周股价波动（元） 3.72-8.27 投资要点： 总股本/流通A股（百万股） 7453/6881 总市值/流通市值（百万元） 29438/27180 相关研究  2023营收稳步增长，24Q1业绩增速亮眼。公司2023年实现营收132.85亿 [《Ta23bQle3_业R绩ep增o速rtI亮nf眼o，] 点点互动跻身游戏出 元，同比增长15.77%，其中海外收入收入61亿元，占比46%，实现营业利 海榜前三，算力租赁等新业务成长空间广阔》 润9.94亿元，实现归母净利润5.24亿元。24Q1公司实现营收42.62亿元， 2023.11.06 同比增长 40.99%，实现归母净利润 6.52 亿元，同比增长 50.3 ...

证券代码： 002602 证券简称：世纪华通 浙江世纪华通集团股份有限公司 投资者关系活动记录表 编号：2024-001 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 （请文字说明其他活动内容） 参与单位名称及 投资者网上提问 人员姓名 时间 2024年5 月14日 (周二) 下午 15:00~17:00 地点 公司通过全景网“投资者关系互动平台”（https://ir.p5w.net） 采用网络远程的方式召开业绩说明会 上市公司接待人 1、总裁谢斐 员姓名 2、财务总监钱昊 3、副总裁、董事会秘书黄怡 4、独立董事李臻 投资者提出的问题及公司回复情况 公司就投资者在本次说明会中提出的问题进行了回复： 1、请问公司还有那些储备项目？是否继续开发像无尽冬日 类似小游戏？ ...

浙江世纪华通集团股份有限公司 2023 年年度报告全文 浙江世纪华通集团股份有限公司 2023 年年度报告 【披露时间】 1 浙江世纪华通集团股份有限公司 2023 年年度报告全文 2023 年年度报告 第一节 重要提示、目录和释义 公司董事会、监事会及董事、监事、高级管理人员保证年度报告内容的 真实、准确、完整，不存在虚假记载、误导性陈述或重大遗漏，并承担个别 和连带的法律责任。 公司负责人谢斐、主管会计工作负责人钱昊及会计机构负责人（会计主 管人员）钱昊声明：保证本年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本报告的董事会会议。 普华永道中天会计师事务所（特殊普通合伙）为本公司出具了保留意见 的审计报告。本公司董事会、监事会对相关事项已有详细说明，请投资者注 意阅读。 本报告中所涉及的未来计划、发展战略等前瞻性描述不构成公司对投资 者的实质承诺，投资者及相关人士均应当对此保持足够的风险认识，并且应 当理解计划、预测与承诺之间的差异。敬请广大投资者注意投资风险，具体 内容详见本报告第三节"管理层讨论与分析"之"十一、公司未来发展的展 望"的相关内容。 公司需遵守《深圳证券交易所上市公司自律 ...