Financial Performance - The company's operating revenue for Q1 2023 was ¥1,188,135,712.82, representing a 17.64% increase compared to ¥1,009,966,281.48 in the same period last year[5] - Net profit attributable to shareholders reached ¥198,316,302.96, a significant increase of 116.02% from ¥91,804,797.30 year-on-year[5] - The net profit after deducting non-recurring gains and losses was ¥190,864,417.32, up 129.59% from ¥83,133,683.84 in the previous year[5] - Basic earnings per share rose to ¥0.4880, reflecting a 114.60% increase compared to ¥0.2274 in the same period last year[5] - Operating profit for the quarter was ¥239,965,318.76, up from ¥92,893,324.20, representing a growth of 158.95% year-over-year[21] - Net profit attributable to the parent company was ¥198,316,302.96, compared to ¥91,804,797.30 in the previous year, marking a significant increase of 116.56%[21] - Basic earnings per share increased to ¥0.4880 from ¥0.2274, reflecting a growth of 114.00%[22] Assets and Equity - The total assets at the end of the reporting period were ¥4,458,485,417.92, a 1.21% increase from ¥4,405,369,517.31 at the end of the previous year[5] - The equity attributable to shareholders increased by 7.56% to ¥2,908,902,212.30 from ¥2,704,378,966.23 at the end of the previous year[5] - The company's total equity attributable to shareholders reached ¥2,908,902,212.30, an increase of 7.57% from ¥2,704,378,966.23[18] - As of March 31, 2023, the total assets of Shanghai Yaoji Technology Co., Ltd. amounted to CNY 4,458,485,417.92, an increase from CNY 4,405,369,517.31 at the beginning of the year[16] Cash Flow and Liabilities - The company's cash and cash equivalents decreased to CNY 728,018,783.48 from CNY 757,096,902.40 at the beginning of the year, reflecting a decline of approximately 3.6%[16] - The total current liabilities decreased to CNY 1,375,088,286.90 from CNY 1,525,551,199.90, a reduction of approximately 9.8%[17] - The net cash flow from investment activities was -101,785,669.83 CNY, a decrease of 18,841,238.67 CNY compared to the previous period[24] - The total cash inflow from financing activities was 168,159,659.00 CNY, down from 224,272,138.31 CNY in the previous period[24] - The cash outflow for debt repayment was 165,391,196.75 CNY, compared to 191,802,579.00 CNY in the previous period[24] - The net cash flow from financing activities was -18,245,593.23 CNY, slightly worse than -17,253,618.01 CNY in the previous period[24] - The net increase in cash and cash equivalents was -9,364,131.41 CNY, contrasting with an increase of 76,610,312.33 CNY in the previous period[24] - The ending balance of cash and cash equivalents was 606,749,121.13 CNY, compared to 567,766,612.39 CNY at the end of the previous period[24] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 28,994[11] - The company’s major shareholders collectively hold 52.47% of the total shares, indicating a strong control over the company[12] Research and Development - Research and development expenses for the quarter were ¥62,896,013.82, up from ¥57,172,129.78, reflecting an increase of 10.00%[20] Marketing and Subsidies - The company benefited from stable performance in its poker segment and effective marketing strategies in the mobile gaming sector, leading to revenue and profit growth[9] - Government subsidies received during the period amounted to ¥8,988,706.77, contributing positively to the financial results[6] Stock and Incentive Plans - The company completed the registration of 4 million restricted stocks under the 2022 equity incentive plan, benefiting 12 individuals[13] - The company also registered 14 million stock options under the same incentive plan, benefiting 129 individuals[13] - The company has initiated the process to issue convertible bonds to unspecified investors, which has been accepted by the Shenzhen Stock Exchange[14] Inventory and Receivables - The company reported a significant increase in inventory, with a balance of CNY 370,172,002.51 compared to CNY 381,391,751.87 at the beginning of the year[16] - Accounts receivable increased to CNY 512,062,240.66, up from CNY 442,725,417.05, representing a growth of about 15.7%[16] Other Financial Metrics - The weighted average return on equity improved to 7.07%, up 3.40% from 3.67% in the previous year[5] - The company reported a decrease in sales expenses to ¥46,171,925.36 from ¥193,579,674.42, a reduction of 76.15%[20] - Other comprehensive income after tax amounted to ¥58,018.56, compared to ¥885.96 in the previous year, showing a significant increase[21] - Cash flow from operating activities generated a net amount of ¥111,895,311.84, slightly down from ¥113,265,009.58 in the previous year[22] Audit Information - The company did not conduct an audit for the first quarter report[25]

证券代码： 002605 证券简称：姚记科技 上海姚记科技股份有限公司 投资者关系活动记录表 编号：2023-001 | 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 | | | | | 路演活动 □ 新闻发布会 □ | | | | | □ 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 | 2023 年 月 27 (周四) 下午 15:00~17:00 | 4 | 日 | | 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、独立董事唐松莲 | | | | 员姓名 | 2、董事长/总经理姚朔斌 | | | | | 3、董事会秘书卞大云 | | | | | 4、财务总监梁美锋 | | | | 投资者关系活动 | | | | | | 投资者提出的问 ...

Dividend Distribution - The company plans to distribute a cash dividend of 2.5 yuan per 10 shares to all shareholders, based on a total of 410,544,390 shares[5]. - The company reported a cash dividend of 102,636,097.50 CNY, which represents 100% of the total profit distribution amount[155]. - The company has a cash dividend policy that requires a minimum of 40% of profit distribution to be allocated to cash dividends during the mature stage of development[155]. - The company plans to distribute a cash dividend of RMB 2.5 per 10 shares, totaling RMB 102,636,097.50, which represents 29.45% of the net profit attributable to shareholders for the reporting period[156]. Financial Performance - The company reported a total revenue of 1.2 billion RMB for the year 2022, representing a year-over-year increase of 15% compared to 2021[20]. - The company’s operating revenue for 2022 was CNY 3,914,846,700, representing a 2.83% increase compared to CNY 3,807,248,670 in 2021[27]. - The company reported a significant increase in revenue, achieving a total of 1.2 billion yuan, representing a 25% year-over-year growth[137]. - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 20%[137]. - The company reported a net profit attributable to shareholders decreased by 39.27% to CNY 348,558,747 in 2022 from CNY 573,685,416 in 2021[27]. - The net profit attributable to shareholders was CNY 348.56 million, with a total profit of CNY 433.81 million[57]. User Engagement and Market Expansion - User data showed an increase in active users by 25% year-over-year, reaching 5 million active users by the end of 2022[20]. - The company is exploring potential acquisitions in the gaming sector to enhance its product offerings and market share[20]. - The company is expanding its market presence, targeting an increase in market share by 10% in the next year[137]. - New product launches included a premium line of playing cards, which contributed to a 30% increase in sales in Q4 2022[20]. Research and Development - The company invested 100 million RMB in R&D for new technologies related to digital gaming and online platforms[20]. - Research and development investments have increased by 30%, focusing on advanced semiconductor technologies[137]. - The company is committed to enhancing its game and technology R&D to maintain competitive advantages and respond to market demands effectively[103]. Risk Management - The company has detailed potential risks and corresponding countermeasures in the "Management Discussion and Analysis" section of the report[4]. - The company faces regulatory risks in the mobile gaming sector, with potential increases in approval thresholds for game releases, which could adversely affect operations if not complied with[102]. - The company has implemented measures to mitigate risks associated with reliance on a single supplier for poker production materials, ensuring a stable supply chain[106]. - Credit risk management involves a comprehensive strategy including client background checks and ongoing monitoring of receivables to mitigate potential losses[109]. Governance and Compliance - The board of directors has ensured that all members were present or represented during the approval of the annual report, reinforcing governance practices[4]. - The company has a complete governance structure that complies with the requirements of the Company Law and the Securities Law, ensuring the protection of shareholders' rights[121]. - The company has established an internal audit system to supervise financial reporting and internal controls, ensuring asset safety and integrity[120]. - The company has implemented an investor relations management system to maintain stable communication with investors and ensure fair information disclosure[119]. Social Responsibility and Sustainability - The annual report outlines the company's commitment to social responsibility and environmental sustainability[5]. - The company donated RMB 2 million to support the construction of a rescue station in Chaoyang District, Shantou City, as part of its social responsibility efforts[171]. - The company also donated RMB 350,000 to the Shanghai Yaoji Charity Foundation to assist underprivileged families[171]. - The company emphasized environmental protection and energy conservation as part of its sustainable development strategy[169]. Operational Efficiency - The gross profit margin improved to 45%, up from 40% in the previous year, due to cost optimization measures[20]. - The company has implemented new strategies to improve operational efficiency, aiming for a 15% reduction in costs[137]. - The company has established multiple game studios, including "Peach Studio," "Plum Studio," and "Block Studio," to develop high-quality mobile games and improve operational efficiency through a comprehensive advertising system[100]. Subsidiaries and Acquisitions - The company has undergone changes in its subsidiary structure, including the transfer of certain holdings during the reporting period[17]. - The company established four new subsidiaries during the reporting period, expanding its operational scope[66]. - The company acquired a 30% stake in Shanghai Xiting Cultural Media Co., Ltd., increasing its total ownership to 70%[66]. Employee Management - The company has a performance-based compensation system that aligns employee salaries with the company's operational performance[152]. - The company emphasizes employee training and development to enhance team capabilities and achieve business goals[153]. - The total number of employees at the end of the reporting period was 1,904, with 50 in the parent company and 1,854 in major subsidiaries[150]. Financial Reporting and Audit - The report includes a detailed financial statement that has been audited by a registered accounting firm[10]. - The internal control audit report was issued with a standard unqualified opinion[167]. - The company maintained effective financial reporting internal controls as of December 31, 2022, according to the internal control audit report[167].

Group 1: Industry Overview - The tumor immunotherapy market is rapidly developing, with a projected market size of $35 billion by 2020, becoming a primary method for treating malignant tumors [1] - The CAR-T therapy (CTL019) has shown promising results in treating refractory acute lymphoblastic leukemia (ALL) and is expected to receive FDA approval in 2017 [2] - China has seen a significant increase in CAR-T clinical trials, nearing the number in the U.S., with a higher number of trials for non-B cell tumors [2] Group 2: Company Strategy and Advantages - The company aims to leverage its strong technical foundation in CAR-T and TCR-T therapies, focusing on clinical trials and collaborations with hospitals [3] - The establishment of a research center in the U.S. will help the company stay updated with international advancements in tumor immunology [5] - The company has a comprehensive approach to developing TCR-T therapies, including identifying new tumor antigen targets and applying for patents [5] Group 3: Clinical Development and Challenges - The company is cautious about safety and efficacy before initiating clinical trials, ensuring thorough validation of target reliability [6] - The patient population for cancer treatments varies, with specific cancer types representing 20%-100% of cases [6] - The costs associated with CAR-T and TCR-T therapies are currently comparable to traditional treatments, with some regions allowing insurance coverage [4] Group 4: Future Directions - The company is exploring opportunities in the "big health" sector, focusing on cancer treatment and precision medicine [7] - There is an emphasis on innovation and collaboration with companies that represent future development directions in healthcare [7]

Group 1: Company Overview and Acquisition Strategy - The company is focusing on its core business of playing cards, which provides stable cash flow, forming the basis for further expansion or transformation [1] - The acquisition of Wanshengda, a major domestic playing card manufacturer, is aimed at enhancing production capacity and distribution channels, thereby solidifying the company's leading position in the industry [2] - Post-acquisition, the company expects to leverage Wanshengda's brand and distribution network, which has minimal overlap with its own, to achieve significant market expansion [2] Group 2: Market Position and Competitive Landscape - The playing card industry is evolving from perfect competition to oligopoly, with high-end manufacturers gaining market share through automation and quality advantages [2] - The "Yaoji" brand has established a strong reputation for quality and design, becoming a core competitive asset for the company [2] - The company plans to continue leveraging the "Yaoji" brand influence to explore quality projects and innovative cooperation models in the "big entertainment" and "big health" sectors for sustainable long-term development [2] Group 3: Investment in Health Sector - The company is advancing its layout in the "big health" sector, focusing on immune cell therapy, with significant progress in its investment in Shanghai Cell Therapy Engineering Technology Research Center [3] - The new CAR-T and "Bai Ze Jian" cell therapy technologies have shown promising results in treating various solid tumors, enhancing the company's capabilities in the biomedicine industry [3] - Despite potential risks in legal, market, policy, and technological aspects, the company remains optimistic about the future of immune cell therapy [3]

Financial Performance - The company's revenue for Q3 2022 was ¥915,112,810.07, a decrease of 0.71% year-on-year, while the revenue for the year-to-date period was ¥2,813,572,685.12, down 3.54% compared to the same period last year[6]. - Net profit attributable to shareholders for Q3 2022 was ¥101,647,578.05, an increase of 8.81% year-on-year, but a significant decrease of 36.52% for the year-to-date period at ¥292,259,680.34[6]. - The basic earnings per share for Q3 2022 was ¥0.2511, up 7.77% year-on-year, while the diluted earnings per share was ¥0.2520, an increase of 9.19%[6]. - Total revenue for the third quarter was CNY 2,813,572,685.12, a decrease of 3.55% compared to CNY 2,916,727,671.61 in the previous year[29]. - Net profit attributable to the parent company reached CNY 2,021,701,882.63, up from CNY 1,850,948,649.29, indicating a growth of 9.23%[28]. - The net profit for the current period is ¥251,606,266.07, a decrease of 45.3% compared to ¥460,472,567.15 in the previous period[31]. - The total profit for the current period is ¥307,189,166.02, down from ¥514,724,152.72, reflecting a decline of 40.3%[31]. - Operating income for the current period is ¥309,307,009.19, compared to ¥515,330,477.53 in the previous period, indicating a decrease of 40.0%[31]. - The total comprehensive income for the current period is ¥251,671,176.50, compared to ¥460,473,736.70 in the previous period, reflecting a decrease of 45.3%[31]. Assets and Liabilities - The company's total assets at the end of Q3 2022 were ¥4,231,708,529.30, reflecting a growth of 6.34% compared to the end of the previous year[6]. - As of September 30, 2022, the company's total current assets amounted to approximately CNY 1.50 billion, an increase from CNY 1.35 billion at the beginning of the year, reflecting a growth of about 11.1%[22]. - The company's total non-current assets were reported at CNY 1.83 billion, slightly up from CNY 1.80 billion, reflecting a growth of about 1.7%[22]. - The total liabilities of the company as of September 30, 2022, were not specified but are critical for assessing financial health[22]. - Non-current liabilities decreased to CNY 153,626,248.20 from CNY 216,855,279.61, a reduction of 29.19%[28]. - The total liabilities increased to CNY 1,546,935,409.17 from CNY 1,525,359,902.45, reflecting a rise of 1.03%[28]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 37,298, indicating a stable shareholder base[16]. - The company's equity attributable to shareholders rose to CNY 2,648,405,660.63 from CNY 2,447,923,448.06, an increase of 8.19%[28]. Cash Flow and Financing - Cash flow from operating activities is ¥325,432,696.82, slightly down from ¥331,847,673.39 in the previous period[35]. - Cash flow from investing activities shows a net outflow of ¥132,836,817.31, compared to a net outflow of ¥97,779,082.16 in the previous period[38]. - Cash flow from financing activities has a net outflow of ¥163,531,870.66, an improvement from a net outflow of ¥385,593,885.64 in the previous period[38]. - The company received cash from financing activities totaling ¥724,332,102.64, up from ¥558,115,505.73 in the previous period[38]. Research and Development - The company's R&D expenses for the year-to-date period were ¥198,933,470.52, an increase of 41.46% compared to the same period last year, indicating a focus on product innovation[15]. Market Strategy and Outlook - The company is focusing on expanding its market presence and enhancing product development strategies, although specific new products were not detailed in the report[21]. - Future outlook includes potential market expansion and strategic partnerships to drive growth, with an emphasis on innovation in technology[21]. - The company reported a significant increase in shareholder equity, indicating a strengthening financial position, although exact figures were not provided[21].

Financial Performance - The company reported a total revenue of 1.2 billion RMB for the first half of 2022, representing a year-on-year increase of 15%[24]. - The company's operating revenue for the reporting period was ¥1,898,459,875.05, a decrease of 4.84% compared to the same period last year[31]. - Net profit attributable to shareholders was ¥190,612,102.29, down 48.06% year-over-year[31]. - The net profit after deducting non-recurring gains and losses was ¥181,646,963.48, a decline of 44.38% compared to the previous year[31]. - The basic earnings per share decreased by 48.55% to ¥0.4719, while diluted earnings per share fell by 48.02% to ¥0.4709[31]. - The company's total revenue for the reporting period was ¥1,898,459,875.05, representing a decrease of 4.84% compared to ¥1,995,074,099.94 in the same period last year[60]. - The revenue from the card game segment was ¥567,625,959.95, accounting for 29.90% of total revenue, with a year-on-year increase of 8.53%[60]. - The mobile game segment generated revenue of ¥583,216,626.91, which is a decrease of 8.86% from ¥639,909,177.20 in the previous year, representing 30.72% of total revenue[60]. - The internet marketing segment's revenue was ¥712,502,698.09, down 11.33% from ¥803,534,272.55, making up 37.53% of total revenue[60]. - The company reported a total revenue of 1,311 million yuan for the first half of 2022, with a year-on-year increase of 7%[135]. User Growth and Market Expansion - User data showed an increase in active users by 20% compared to the same period last year, reaching 5 million active users[24]. - The company plans to launch three new products in the second half of 2022, aiming for a 10% increase in market share[24]. - Market expansion efforts include entering two new provinces, targeting a 30% increase in regional sales[24]. - Future outlook includes a projected revenue growth of 25% for the full year 2022, driven by new product launches and market expansion strategies[24]. - The mobile gaming sector remains a key focus, with over 35 million registered users for overseas games, indicating strong market presence[42]. - The domestic gaming market saw a slight decline in actual sales revenue of 1.80% year-over-year, highlighting competitive pressures[42]. Research and Development - The company has allocated 100 million RMB for research and development in new technologies, focusing on enhancing user experience[24]. - The company's R&D investment increased by 31.02% to ¥115,245,846.39, compared to ¥87,962,425.17 in the previous year, reflecting a commitment to product innovation[60]. - The company emphasizes the importance of R&D in new games and technologies to maintain competitive advantage in the rapidly evolving mobile gaming market[91]. - The company has strengthened its talent team by combining internal training and external recruitment to enhance R&D and management capabilities[57]. Financial Health and Assets - Total assets increased by 4.27% to ¥4,149,212,410.22 compared to the end of the previous year[31]. - The company reported a net asset attributable to shareholders of ¥2,541,159,198.74, reflecting a growth of 3.81% year-over-year[31]. - Cash and cash equivalents increased to 650,942,862.03, representing 15.69% of total assets, up from 582,156,738.52 (14.63%) due to a net increase in cash flow[67]. - Accounts receivable rose to 389,175,855.55, making up 9.38% of total assets, an increase attributed to higher revenue in the internet marketing segment compared to last year[67]. - Inventory decreased to 280,766,792, which is 6.77% of total assets, down from 317,524,029 (7.98%) due to reduced stock levels[67]. Risk Management - The management highlighted potential risks including market competition and regulatory changes, with strategies in place to mitigate these risks[5]. - The company faces regulatory risks due to increased scrutiny from government agencies on online gaming, which may raise the barriers for game approvals and operations[91]. - The company is actively managing risks related to market competition, ensuring timely updates and maintenance of existing games to prevent revenue decline[91]. - The company is focused on protecting its intellectual property rights to mitigate risks associated with potential infringement and competition[91]. - The company is monitoring overseas market risks as part of its expansion strategy[91]. - The company is committed to compliance with privacy regulations to safeguard user data and maintain trust in its gaming operations[91]. Environmental and Social Responsibility - The company has installed environmental protection and energy-saving equipment to improve waste gas treatment and reduce energy consumption in response to national energy-saving policies[118]. - The company has not faced any administrative penalties for environmental issues during the reporting period[118]. - The company is committed to continuous improvement in product quality and environmental compliance, ensuring long-term competitiveness in the playing card market[51]. - The company donated a total of 2.04 million CNY in cash for poverty alleviation and social rescue efforts during the first half of 2022[120]. Shareholder Information - The total number of shares before the changes was 404,489,687, with 1,069,700 new shares issued, resulting in a total of 405,509,387 shares after the changes[166]. - The total number of ordinary shareholders at the end of the reporting period was 35,773[178]. - Shareholder Yao Shuo Bin holds 17.39% of the shares, totaling 70,502,252[178]. - Shareholder Yao Xiao Li holds 13.13% of the shares, totaling 53,224,352[178]. - The company has implemented a stock repurchase program, with specific details on the repurchased shares not disclosed[174].

Financial Performance - The company's revenue for Q1 2022 was CNY 1,009,966,281.48, representing a 2.94% increase compared to CNY 981,142,310.13 in the same period last year[3] - Net profit attributable to shareholders decreased by 53.77% to CNY 91,804,797.30 from CNY 198,589,062.29 year-on-year[3] - The net profit after deducting non-recurring gains and losses fell by 54.51% to CNY 83,133,683.84 compared to CNY 182,763,225.96 in the previous year[3] - Basic earnings per share dropped by 54.14% to CNY 0.2274 from CNY 0.4959 in the same period last year[3] - Diluted earnings per share decreased by 50.77% to CNY 0.2247 compared to CNY 0.4564 in the previous year[3] - Total operating revenue for the current period reached ¥1,009,966,281.48, an increase from ¥981,142,310.13 in the previous period, representing a growth of approximately 2.8%[25] - Net profit for the current period was ¥73,033,939.53, a decrease from ¥200,784,360.02, reflecting a decline of about 63.6%[28] - Basic earnings per share decreased to ¥0.2274 from ¥0.4959, a decline of approximately 54.2%[31] - The total profit for the current period was ¥93,014,196.05, down from ¥226,404,303.63, indicating a decline of about 58.9%[28] Cash Flow and Liquidity - The net cash flow from operating activities decreased by 38.68% to CNY 113,265,009.58 from CNY 184,698,817.90 year-on-year[3] - Cash inflow from operating activities totaled ¥1,317,446,844.51, compared to ¥1,081,324,421.18 in the previous period, showing an increase of about 21.8%[32] - The net cash flow from operating activities was $113,265,009.58, a decrease of 38.6% compared to $184,698,817.90 in the previous period[35] - Total cash outflow from operating activities amounted to $1,204,181,834.93, up 34.2% from $896,625,603.28[35] - Cash inflow from financing activities reached $224,272,138.31, an increase of 151.1% compared to $89,275,572.69[35] - The cash and cash equivalents at the end of the period totaled $567,766,612.39, down 17.9% from $691,924,252.76[38] Assets and Liabilities - Total assets increased by 4.43% to CNY 4,155,501,798.51 from CNY 3,979,230,458.64 at the end of the previous year[3] - The total liabilities of the company as of March 31, 2022, were RMB 1,564,750,085.94, compared to RMB 1,525,359,902.45 at the beginning of the year, marking an increase of about 2.6%[21] - The company's cash and cash equivalents increased to RMB 687,496,820.20 from RMB 582,156,738.52, reflecting a growth of about 18.1%[18] - Accounts receivable rose to RMB 439,592,632.08, up from RMB 322,728,938.69, indicating an increase of approximately 36.3%[18] - The company reported a decrease in inventory from RMB 317,524,029.71 to RMB 248,755,375.70, a reduction of about 21.6%[18] - The company's equity attributable to shareholders increased to RMB 2,550,023,789.50 from RMB 2,447,923,448.06, showing a growth of approximately 4.2%[24] - The company’s retained earnings rose to RMB 1,942,753,446.59 from RMB 1,850,948,649.29, an increase of approximately 4.9%[24] Expenses and Investments - Total operating costs increased to ¥927,464,915.13 from ¥771,185,326.04, marking a rise of about 20.3%[25] - Research and development expenses rose to ¥57,172,129.78, up from ¥41,506,690.47, indicating a growth of approximately 37.7%[25] - The company reported a decrease in tax expenses to ¥19,980,256.52 from ¥25,619,943.61, a reduction of approximately 22.5%[28] - Cash paid to employees and for employee benefits was $145,346,848.03, an increase of 13.1% from $128,503,161.94[35] - Cash paid for taxes was $30,328,563.52, a decrease of 27.3% compared to $41,740,078.79[35] - Cash inflow from investment activities was $587,397.24, a significant decrease from $125,534,118.37[35] - Cash outflow for the acquisition of fixed assets was $18,428,635.91, down 43.8% from $32,822,866.22[35] Non-Recurring Items - The company reported non-recurring gains of CNY 8,671,113.46, primarily from government subsidies and asset disposals[5] - Increased promotional expenses and R&D investments in mobile gaming were cited as reasons for the decline in net profit[6] - Investment income showed a loss of ¥1,784,280.11, a significant drop from a gain of ¥19,474,373.07 in the previous period[28] Future Outlook - The company is in the process of issuing convertible bonds, with the approval from the China Securities Regulatory Commission pending, which may impact future funding strategies[15]

Financial Performance - The company reported a total revenue of 404.26 million RMB for the year 2021, representing a year-on-year increase of 15%[7] - The net profit attributable to shareholders was 60.64 million RMB, which is a 20% increase compared to the previous year[7] - The company's operating revenue for 2021 was ¥3,807,248,679.18, representing a 48.61% increase compared to ¥2,561,895,757.44 in 2020[30] - The net profit attributable to shareholders for 2021 was ¥573,685,416.17, a decrease of 47.53% from ¥1,093,361,472.30 in 2020[30] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥506,261,946.55, down 10.87% from ¥567,975,979.87 in 2020[30] - The basic earnings per share for 2021 was ¥1.4304, a decline of 47.89% compared to ¥2.7450 in 2020[30] - The company's net profit for 2021 was ¥67,423,469.62, a decrease from ¥525,385,492.43 in 2020, indicating a substantial decline in profitability[39] - The company reported quarterly revenues of ¥981,142,310.13 in Q1, ¥1,013,931,789.81 in Q2, ¥921,653,571.67 in Q3, and ¥890,521,007.57 in Q4 of 2021[35] Dividends and Shareholder Returns - The company plans to distribute a cash dividend of 3.00 RMB per 10 shares, totaling approximately 12.12 million RMB[7] - The company is committed to enhancing shareholder value, with plans to increase dividends by 10% in the upcoming fiscal year[184] User Engagement and Market Expansion - User data showed an increase in active users by 25% year-on-year, reaching 1.5 million active users by the end of 2021[7] - The company is focusing on expanding its market presence in Southeast Asia, targeting a 30% growth in that region for 2022[7] - The company aims to improve operational efficiency, targeting a reduction in costs by 8% through process optimization[184] - The company is expanding its market presence, targeting an increase in market share by 5% in the next year[184] Product Development and R&D - New product launches are expected to contribute an additional 50 million RMB in revenue in 2022[7] - The company has invested 20 million RMB in R&D for new technologies, aiming to enhance product offerings and user experience[7] - Research and development efforts are being intensified, with an investment of 100 million yuan aimed at developing new technologies[184] - The company is committed to increasing R&D investment, particularly in 3D game development, to improve product quality and user experience[141] Strategic Acquisitions and Investments - The company is exploring potential acquisitions to strengthen its market position, with a budget of 100 million RMB allocated for this purpose[7] - There are plans for strategic acquisitions to enhance product offerings and market reach, with a budget of 300 million yuan allocated for this purpose[184] Risk Management - The company identified key risks including market competition and regulatory changes, with strategies in place to mitigate these risks[7] - The company faces regulatory risks in the mobile internet gaming business, with potential increases in approval thresholds for game products, which could adversely affect operations if not complied with[149] - The company acknowledges risks related to raw material supply and price fluctuations, particularly its reliance on a single supplier for essential materials[152] - The company has established exclusive purchase agreements with Chenming Paper Industry to mitigate risks associated with reliance on a single supplier, ensuring that the paper products for playing cards are not sold to other users during the contract period[155] Marketing and Advertising - The internet marketing segment focuses on data-driven advertising solutions, utilizing CPC and CPM models to optimize advertising effectiveness for clients in various industries[59] - The company will continue to enhance its short video marketing strategy, optimizing existing information flow advertising and expanding coverage across various media platforms[145] Corporate Governance and Management - The company has established an internal audit system to oversee financial reporting and internal controls, enhancing risk management[169] - The company has a complete organizational structure with independent departments for operations, R&D, sales, finance, and human resources[170] - The board of directors consists of seven members, including three independent directors, ensuring compliance with legal requirements[170] Subsidiaries and Investments - The subsidiary Qidong Yaoki Poker Industry Co., Ltd. reported a net profit of 49.47 million RMB, contributing 0.98% to the company's total net profit[133] - Zhejiang Wanshengda Poker Co., Ltd. generated a net profit of 56.17 million RMB, also contributing significantly to the company's financial performance[133] - Shanghai Chengxi Information Technology Co., Ltd. achieved a net profit of 387.77 million RMB, indicating strong performance in the gaming industry[133] Financial Management - The total remuneration for directors, supervisors, and senior management during the reporting period amounted to 5.2243 million yuan[192] - The company has independent financial management with a dedicated finance department and a separate bank account, ensuring no interference from shareholders in financial decisions[170]

Revenue and Profit - The company's revenue for Q3 2021 was ¥921,653,571.67, representing a 15.75% increase year-over-year[3] - Net profit attributable to shareholders for Q3 2021 was ¥93,419,306.95, a decrease of 49.37% compared to the same period last year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥90,468,973.56, down 25.74% year-over-year[3] - Basic earnings per share for Q3 2021 was ¥0.2330, a decline of 49.74% from the previous year[3] - Diluted earnings per share for Q3 2021 was ¥0.2308, a decrease of 51.48% compared to the same period last year[3] - The net profit for Q3 2021 was approximately ¥460.47 million, a decrease of 55.05% compared to ¥1.02 billion in the same period last year[26] - Operating profit for Q3 2021 was approximately ¥515.33 million, down 52.4% from ¥1.09 billion in Q3 2020[26] - Total comprehensive income for Q3 2021 was approximately ¥460.47 million, down from ¥1.02 billion in Q3 2020[30] - Basic earnings per share for Q3 2021 were ¥1.1502, compared to ¥2.4786 in the same period last year[30] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,902,382,752.53, a slight increase of 0.41% from the end of the previous year[3] - Total assets reached CNY 3,902,382,752.53, compared to CNY 3,886,358,589.27 at the end of 2020, marking a growth of about 0.4%[19] - Total liabilities were CNY 1,544,023,802.29, down from CNY 1,772,293,398.09, indicating a decrease of approximately 12.9%[22] - The total liabilities increased from $1.77 billion to $1.81 billion, with a notable increase in non-current liabilities by $42.50 million[44] Equity - The company's total equity attributable to shareholders was ¥2,346,474,062.73, reflecting a 13.91% increase year-over-year[5] - The equity attributable to the parent company was CNY 2,346,474,062.73, an increase from CNY 2,060,002,721.01, reflecting a growth of about 13.9%[22] - The total equity attributable to shareholders was $2.06 billion, slightly increasing from $2.06 billion in the previous period[47] Cash Flow and Investments - Cash and cash equivalents as of September 30, 2021, were CNY 500,578,582.94, down from CNY 659,091,530.81 at the end of 2020, reflecting a decrease of approximately 24.1%[16] - The company recorded a net cash inflow from investment activities of approximately ¥149.62 million, down from ¥293.38 million in the previous year[31] - The net cash flow from investing activities was -$97.78 million, compared to $14.62 million in the previous period[37] - The total cash inflow from financing activities was $558.12 million, down from $883.95 million year-over-year[37] - The net cash flow from financing activities was -$385.59 million, compared to -$306.23 million in the previous period[37] - The cash and cash equivalents at the end of the period totaled $391.27 million, down from $453.66 million year-over-year[37] Operating Costs and Expenses - The total operating revenue for the third quarter of 2021 was CNY 2,916,727,671.61, an increase from CNY 1,814,988,539.66 in the same period last year, representing a growth of approximately 60.8%[24] - The total operating costs for the third quarter of 2021 amounted to CNY 2,453,119,732.28, up from CNY 1,320,699,290.06, indicating a year-over-year increase of about 85.6%[24] - Research and development expenses increased to ¥140.62 million, up 65.9% from ¥84.67 million year-over-year[26] - Sales expenses rose to ¥370.28 million, an increase of 14.3% compared to ¥323.87 million in the previous year[26] - Cash flow from operating activities was approximately ¥331.85 million, a decrease of 3.7% from ¥343.48 million in the same period last year[31] Other Financial Metrics - The weighted average return on equity was 4.34%, down 3.78% year-over-year[3] - The company reported non-recurring gains of ¥2,950,333.39 for the current period[5] - The company attributed the decrease in net profit to changes in accounting treatment and asset disposals in the previous year[6] - The company reported a significant increase in accounts payable, which rose to CNY 122,265,701.41 from CNY 73,617,704.54, representing an increase of approximately 66.0%[19] - The company’s long-term investments increased to CNY 35,776,696.79 from CNY 29,338,092.70, showing a growth of about 21.9% year-over-year[16] Inventory and Receivables - Accounts receivable increased to CNY 407,157,468.19 from CNY 250,727,024.95, showing a growth of about 62.3% year-over-year[16] - Inventory as of September 30, 2021, was CNY 262,861,972.25, slightly down from CNY 271,168,462.92, a decrease of approximately 3.1%[16] - The company’s inventory was reported at $271.17 million, remaining stable compared to the previous period[41] Audit and Reporting - The third quarter report was not audited[49]