Financial Performance - The company reported a total revenue of 400,434,990 RMB for the year 2020, with a cash dividend distribution of 5 RMB per 10 shares to all shareholders[7]. - The company's operating revenue for 2020 was ¥2,561,895,757.44, representing a 47.52% increase compared to ¥1,736,595,927.84 in 2019[31]. - The net profit attributable to shareholders for 2020 was ¥1,093,361,472.30, a significant increase of 217.06% from ¥344,842,563.11 in 2019[31]. - The basic earnings per share for 2020 was ¥2.7450, a 215.88% increase from ¥0.8690 in 2019[31]. - The total assets at the end of 2020 were ¥3,886,358,589.27, reflecting a 28.65% increase from ¥3,020,971,880.60 at the end of 2019[31]. - The net profit for 2020 was achieved despite the challenges posed by the market, indicating resilience in the company's operations[176]. - The total profit reached 1,307.27 million CNY, up 161.26% compared to the previous year, while the net profit attributable to shareholders was 1,093.36 million CNY, reflecting a growth of 217.06%[65]. - The company reported a significant increase in net profit from CNY 159,954,014.40 in 2019 to CNY 200,217,495 in 2020, marking a growth of approximately 25.2%[171]. Risk Management - The company has outlined potential risks and future development strategies in the report, highlighting the need for investors to be aware of investment risks[6]. - The company acknowledges risks related to regulatory policies and market competition in the mobile internet gaming sector and is taking measures to mitigate these risks[143]. - The company faces risks related to network security, including potential disruptions from infrastructure failures and cyberattacks, and is taking measures to strengthen security protocols[146]. - The company is at risk of intellectual property infringement, which could negatively impact operations and revenue, and has a dedicated legal team to protect its IP rights[146]. - The company is exposed to raw material price fluctuations and supply risks in its poker business, particularly due to reliance on a single supplier[149]. - The company has implemented a comprehensive credit risk management strategy to mitigate potential losses from trade receivables[148]. Corporate Governance and Transparency - The company emphasized the importance of accurate financial reporting, with the management team ensuring the completeness and truthfulness of the annual report[5]. - The company has committed to maintaining transparency in its financial disclosures through various media outlets[25]. - The management team is led by Yao Shuo Bin, who is responsible for overseeing the company's financial integrity[5]. - The company has established a dedicated investor relations email for communication with stakeholders, enhancing engagement and transparency[24]. - The company confirmed that all documents related to the transaction are true, accurate, and complete, with no misleading statements or omissions[197]. Subsidiaries and Acquisitions - The company has a comprehensive list of subsidiaries and affiliated companies, indicating a diversified business structure[16]. - The company acquired the remaining 88% stake in Luming Technology, which became a wholly-owned subsidiary, enhancing its innovative marketing capabilities[65]. - The company completed the acquisition of 53.45% equity in Shanghai Chengqi Information Technology Co., Ltd., with a total payment of RMB 5,000 million[118]. - The company has established multiple new subsidiaries during the reporting period, with no significant impact on overall operations or net profit[136]. Investment and R&D - The company invested 137.66 million CNY in R&D, accounting for 5.37% of total revenue, and successfully applied for 50 software copyrights and 28 trademark copyrights[65]. - The company is focusing on AI technology to enhance content production capabilities, which is becoming a competitive advantage in the marketing sector[51]. - The company will increase R&D investment in H5 games, WeChat mini-program games, and 3D effects, aiming to upgrade existing mobile game products and develop new high-quality mobile games[140]. Marketing and Business Strategy - The company’s mobile gaming business focuses on developing and operating casual and nurturing games, with key titles including "Finger Fishing" and "Fishing Blast" that have strong player retention[45]. - The company aims to enhance brand influence and operational efficiency by integrating its poker and mobile game businesses, targeting younger consumer demographics[56]. - The company is actively expanding into overseas markets, aiming to export more high-quality gaming products[60]. - The company will explore new marketing strategies, including short video marketing and e-commerce live streaming, to expand its digital marketing footprint[140]. Shareholder Engagement - The company plans to distribute cash dividends of RMB 5 per 10 shares for 2020, totaling approximately RMB 200.22 million[166]. - The company has a three-year shareholder return plan (2018-2020) to ensure stable and continuous profit distribution policies[166]. - The company reported a commitment from major shareholders not to transfer or delegate management of their shares for 36 months post-IPO[188]. Employee Development - The company has a total of 1,655 employees, including 52 master's degree holders and 545 bachelor's degree holders, enhancing its core competitiveness through talent development[61]. - The company emphasizes the importance of retaining core management and technical personnel, which is crucial for its success[152]. - The company is focused on attracting and retaining high-end talent to address challenges arising from expansion[152].

Financial Performance - Net profit attributable to shareholders rose by 45.26% to CNY 184,511,312.08 in Q3 2020, with a year-to-date increase of 256.66% to CNY 984,978,324.31[9] - Operating revenue for Q3 2020 reached CNY 796,258,780.49, a 71.93% increase year-on-year, with year-to-date revenue up 41.56% to CNY 1,814,988,539.66[9] - Basic earnings per share increased by 44.78% to CNY 0.4636 for Q3 2020, and year-to-date earnings per share rose by 256.38% to CNY 2.4786[9] - The company reported a net profit of ¥1,539,449,114.68, compared to ¥938,228,141.11, representing a growth of approximately 64% year-over-year[55] - Net profit for the current period was ¥196,039,620.02, compared to ¥136,756,037.86 in the previous period, reflecting a growth of approximately 43.5%[68] - The company reported a total profit of ¥227,090,542.76 for the current period, compared to ¥151,660,670.45 in the previous period, an increase of approximately 49.6%[68] - Operating profit surged to ¥948,091,410.16, up from ¥168,180,524.32, reflecting a growth of 463.5%[91] - Net profit for the current period was ¥928,890,273.64, compared to ¥167,736,758.72 in the previous period, marking an increase of 453.1%[94] Assets and Liabilities - Total assets increased by 22.04% to CNY 3,686,818,860.35 compared to the previous year[9] - Total liabilities reached ¥1,689,790,143.14, up from ¥1,449,786,736.54, marking a growth of around 17%[52] - Current liabilities rose to ¥1,216,207,990.61 from ¥1,015,331,756.22, reflecting an increase of approximately 20%[52] - Non-current liabilities due within one year increased by 133.29% to CNY 70,089,027.79, reflecting an increase in long-term borrowings[23] - Total non-current financial assets rose by 2016.25% to CNY 634,874,698.50 due to accounting changes related to equity investments[20] - Total liabilities amounted to CNY 1,449,786,736.54, with non-current liabilities at CNY 434,454,980.32[116] - Total equity reached CNY 1,571,185,144.06, with total assets at CNY 3,020,971,880.60[116] Cash Flow - Net cash flow from operating activities decreased by 77.58% to CNY 64,925,939.25 in Q3 2020, with a year-to-date decline of 41.67% to CNY 343,479,673.75[9] - The net cash flow from operating activities decreased by 41.67% to ¥343,479,673.75 from ¥588,880,124.14, mainly due to increased payments for raw materials such as paper[27] - Cash flow from operating activities amounted to ¥343,479,673.75, a decrease of 41.8% from ¥588,880,124.14 in the previous period[97] - The company reported cash inflow from investment activities of ¥293,379,612.82, down from ¥341,116,689.18, indicating a decline of 14.0%[100] - Total cash inflow from investment activities was $599,760,467.66, up from $356,863,635.14, marking a 68% increase year-over-year[103] Shareholder Information - The top shareholder, Yao Shuo Bin, holds 17.54% of the shares, with a total of 70,502,252 shares[13] - The company received government subsidies amounting to CNY 19,709,178.43 during the reporting period[12] Operational Changes - The company has made adjustments to its financial data due to mergers under common control[9] - Accounts receivable increased by 103.62% to CNY 309,893,337.47 due to the acquisition of Luming Technology[20] - Prepayments surged by 383.10% to CNY 32,541,238.54, attributed to the acquisition of Luming Technology[20] - Other receivables rose by 175.47% to CNY 32,428,422.38, linked to employee stock option exercises[20] - Inventory increased by 41.13% to CNY 249,469,521.96, resulting from higher paper stock levels[20] - Contract liabilities grew by 101.45% to CNY 44,172,627.64 due to the acquisition of Luming Technology[23] - The company reported a substantial increase in sales expenses by 40.68% to ¥323,874,059.40 from ¥230,217,442.86, driven by higher promotional costs from subsidiaries[27] Investment and Income - The company reported non-operating income of CNY 589,726,353.94, primarily from the disposal of non-current assets[12] - Investment income skyrocketed by 8108.69% to ¥500,200,377.21 from a loss of ¥6,245,718.27, attributed to a change in accounting treatment for the company's 14.21% stake in Shanghai Cell Therapy Group[27] - The company reported a significant investment income of ¥500,200,377.21 for the current period, a turnaround from a loss of ¥6,245,718.27 in the previous period[83] - The company received $372,750,027.66 in investment income, significantly higher than $176,595,635.14 from the previous period, representing an increase of 111.1%[103] Research and Development - Research and development expenses were ¥32,823,796.72, slightly up from ¥32,797,457.90, indicating a stable investment in innovation[65] - Research and development expenses for the current period were ¥84,668,938.83, slightly down from ¥85,863,832.05 in the previous period, indicating a decrease of about 1.4%[80] - Research and development expenses decreased to ¥175,445.69 from ¥253,944.88, a reduction of 30.8%[91]

Financial Performance - The company reported a total revenue of 1.2 billion RMB for the first half of 2020, representing a year-on-year increase of 15%[19] - The company has set a revenue guidance of 2.5 billion RMB for the full year 2020, indicating a growth target of 10%[19] - The company's operating revenue for the current period is ¥1,018,729,759.17, representing a 24.38% increase compared to the previous year's adjusted revenue of ¥819,017,282.35[26] - Net profit attributable to shareholders for the current period is ¥800,467,012.23, a significant increase of 436.70% from the previous year's adjusted net profit of ¥149,145,247.53[26] - The basic earnings per share for the current period is ¥2.0150, up 436.90% from the previous year's adjusted figure of ¥0.3753[26] - The diluted earnings per share for the current period is ¥1.9701, reflecting a 426.20% increase from the previous year's adjusted figure of ¥0.3744[26] - The total profit reached CNY 85,718,980, representing a significant year-on-year growth of 242.49%[65] - Net profit attributable to shareholders was CNY 80,046,700, marking a remarkable increase of 436.70% compared to the same period last year[65] 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[19] - The company is expanding its market presence in Southeast Asia, aiming for a 25% market share by the end of 2021[19] - The mobile gaming business includes popular titles such as "Fish Ball Game" and "Yaoji Fishing," with a strong presence in both domestic and overseas markets[38] - In the first half of 2020, China's online game user base reached nearly 660 million, with actual sales revenue of the national game market at 139.493 billion yuan, a year-on-year growth of 22.34%[44] - The mobile game market generated actual sales revenue of 104.673 billion yuan, accounting for 75.04% of the total market revenue[44] Product Development and Innovation - New product launches contributed to 30% of total revenue, with significant sales from the latest gaming products[19] - Research and development expenses increased by 18%, totaling 150 million RMB, focusing on innovative gaming technologies[19] - The company focuses on online casual social game development, with a strong team ensuring continuous product innovation and lifecycle extension[55] - The company has established a data-driven marketing and operation system in the mobile game sector, enhancing user engagement and monetization[56] - The company emphasizes the importance of continuous innovation in game and technology development to maintain competitive advantage in a rapidly growing market[124] Financial Management and Investments - The company plans to invest 500 million RMB in strategic acquisitions to enhance its product portfolio over the next two years[19] - The company reported a net cash flow from operating activities of CNY 278,553,734.50, a decrease of 6.94% year-on-year[71] - The company’s investment activities resulted in a net cash outflow of CNY 389,397,006.09, an increase of 21.44% compared to the previous year[71] - The company’s financing activities generated a net cash inflow of CNY 144,476,676.21, a substantial increase of 295.47% year-on-year[71] - The company has cumulatively invested ¥70,411.88 million of the raised funds, with 17.38% of the funds having their purposes changed[97] Risk Management - The management highlighted potential risks including market competition and regulatory changes, which could impact future performance[19] - The mobile internet gaming business faces regulatory risks, with potential increases in approval thresholds for game products, impacting operations if games do not receive necessary approvals[124] - The company is exposed to overseas market risks, including cultural differences and regulatory compliance, which could hinder revenue generation from international game releases[127] - The company is implementing measures to mitigate risks associated with reliance on a single supplier for raw materials in its playing card business, ensuring a stable supply chain[128] - The company is cautious in its investment strategies, focusing on risk prevention and management to ensure successful integration and synergy post-acquisition[129] Corporate Governance and Shareholder Matters - The company has no plans to distribute cash dividends or issue bonus shares for the current fiscal year[19] - The company held three shareholder meetings during the reporting period, with participation rates of 32.78%, 41.27%, and 46.04% respectively[134] - The company plans not to distribute cash dividends, issue bonus shares, or convert capital reserves into share capital for the semi-annual period[135] - The total number of ordinary shareholders at the end of the reporting period is 42,440[196] - Major shareholder Yao Shuo Bin holds 17.63% of shares, totaling 70,502,250[196] Subsidiaries and Acquisitions - The company has expanded its business into internet marketing by acquiring Lu Ming Technology, enhancing its service offerings in various industries[42] - The company has established several new wholly-owned subsidiaries, including Xiayi Technology and Xiangcheng Technology, with no significant impact on overall performance reported[120] - The acquisition of the remaining 53.45% equity in Shanghai Chengqi Information Technology Co., Ltd. was completed for RMB 5,000 million, achieving a 100% completion rate[102] - Shanghai Chengxi Information Technology Co., Ltd. achieved operating revenue of CNY 520.92 million and a net profit of CNY 243.79 million, indicating strong performance in the gaming sector[117] Social Responsibility - The company donated CNY 2 million to support COVID-19 relief efforts in Hubei Province, enhancing its social responsibility profile[70]

Financial Performance - The company's operating revenue for Q1 2020 was CNY 534,420,305.80, representing a 37.00% increase compared to CNY 372,032,242.43 in the same period last year[9]. - Net profit attributable to shareholders was CNY 663,428,466.20, a significant increase of 1,080.36% from CNY 52,646,991.57 in the previous year[9]. - The net profit after deducting non-recurring gains and losses was CNY 144,493,827.59, up 181.75% from CNY 51,284,310.80 year-on-year[9]. - Basic earnings per share reached CNY 1.6626, a remarkable increase of 1,074.98% compared to CNY 0.1326 in the same quarter last year[9]. - The weighted average return on equity was 36.34%, up from 2.88% in the previous year, indicating a significant improvement in profitability[9]. - The company's operating revenue for the reporting period reached ¥534,420,305.80, representing a 37.00% increase compared to ¥390,098,310.31 in the same period last year[28]. - The net profit attributable to the parent company was ¥1,601,656,607.31, an increase of 70.71% from ¥938,228,141.11 year-on-year[28]. - The company reported a significant increase in other income, which rose by 613.98% to ¥11,389,979.00, primarily due to increased government subsidies received[28]. - The company’s investment income surged by 15194.52% to ¥502,811,745.93, resulting from the aforementioned accounting treatment change[28]. - The company's total comprehensive income attributable to the parent company was ¥663,428,404.30, compared to ¥56,205,838.83 in the previous period[70]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,539,865,028.78, reflecting a 17.18% increase from CNY 3,020,971,880.60 at the end of the previous year[9]. - Net assets attributable to shareholders increased by 34.44% to CNY 2,007,238,523.90 from CNY 1,493,007,959.33 year-on-year[9]. - The company's total current assets reached CNY 1,043,212,347.97, up from CNY 873,447,794.73, indicating a growth of about 19.4%[42]. - The total liabilities decreased slightly to CNY 1,443,744,332.40 from CNY 1,449,786,736.54, showing a reduction of about 0.4%[48]. - The company's equity attributable to shareholders rose to CNY 2,007,238,523.90 from CNY 1,493,007,959.33, marking an increase of approximately 34.4%[51]. - The total assets increased to CNY 3,471,391,350.07 from CNY 3,097,032,332.25, marking a growth of about 12%[59]. - The total liabilities amounted to CNY 1,396,017,286.14, slightly up from CNY 1,374,448,223.42, indicating a growth of about 2%[59]. - The owner's equity increased to CNY 2,075,374,063.93 from CNY 1,722,584,108.83, representing a growth of approximately 20%[59]. Cash Flow - The net cash flow from operating activities was CNY 136,801,283.27, a decrease of 14.57% compared to CNY 145,564,036.34 in the same period last year[9]. - The cash flow from investing activities showed a net outflow of ¥356,594,535.04, a decrease of 4445.67% compared to the previous year, mainly due to payments for acquisitions[28]. - The company secured a merger loan of ¥330,000,000 from Shanghai Pudong Development Bank, contributing to a 620.88% increase in cash flow from financing activities, totaling ¥353,592,806.63[28]. - Cash flow from operating activities amounted to ¥611,099,275.25, an increase from ¥456,570,829.52 in the previous period[78]. - The net cash flow from financing activities was 353,592,806.63, compared to a negative cash flow of -67,883,595.89 in the previous period, indicating a significant improvement[84]. - The cash outflow for operating activities was 186,999,669.10, significantly higher than 103,857,499.56 in the previous period, reflecting increased operational costs[85]. - The cash flow from investment activities included 11,500,000.00 received from other investment-related activities, down from 44,101,583.81 in the previous period, indicating reduced returns from investments[88]. Investments and Expenses - The company's long-term equity investment decreased by 94.71% to ¥15,529,288.95 due to a change in accounting treatment, transferring 14.21% equity in Shanghai Cell Therapy Group from long-term equity investment to other non-current financial assets[25]. - The total amount of other non-current financial assets increased by 2096.25% to ¥658,874,698.50, attributed to the same accounting treatment change[25]. - Research and development expenses for the quarter were CNY 28,579,664.76, compared to CNY 25,116,240.38 in the previous period, showing an increase of about 10%[63]. - The company's prepaid expenses increased by 401.49% to ¥33,780,068.22, primarily due to increased promotional expenses by its subsidiary[25]. - The company incurred financial expenses of ¥6,010,663.15, which is an increase from ¥3,224,589.45 in the previous period[71]. - Research and development expenses decreased to ¥94,412.92 from ¥136,803.19 in the previous period, reflecting a focus on cost management[71]. Shareholder Information - The top ten shareholders collectively hold 53.85% of the company's total shares, indicating a concentrated ownership structure[14].

Financial Performance - The company reported a total revenue of 399,885,036 CNY for the year 2019, with a cash dividend distribution of 4 CNY per 10 shares to all shareholders[6]. - The company's operating revenue for 2019 was CNY 1,736,595,927.84, representing a 77.27% increase compared to CNY 979,612,061.50 in 2018[27]. - The net profit attributable to shareholders for 2019 was CNY 344,842,563.11, a significant increase of 151.48% from CNY 137,126,391.93 in 2018[27]. - The net profit after deducting non-recurring gains and losses reached CNY 317,933,506.38, marking a 224.80% increase compared to CNY 97,884,657.96 in 2018[27]. - The net cash flow from operating activities for 2019 was CNY 707,984,769.21, up 171.19% from CNY 261,065,977.69 in 2018[27]. - Basic earnings per share for 2019 were CNY 0.8690, reflecting a 151.67% increase from CNY 0.3453 in 2018[27]. - The total assets at the end of 2019 amounted to CNY 3,020,971,880.60, a 6.87% increase from CNY 2,826,697,628.88 at the end of 2018[27]. - The weighted average return on equity for 2019 was 19.79%, an increase of 11.47% from 8.32% in 2018[27]. - The total profit for the year was 50,037.10 million CNY, an increase of 105.10% year-on-year[56]. - The company reported a quarterly revenue of CNY 511,240,900.37 in Q4 2019, contributing to a total annual revenue growth[32]. Shareholder Returns - The board of directors has approved a profit distribution plan, emphasizing a commitment to returning value to shareholders[6]. - The company plans to distribute a cash dividend of RMB 4 per 10 shares, totaling RMB 159,954,014.40 for the year 2019[139]. - The cash dividend for 2018 was RMB 1 per 10 shares, amounting to RMB 39,776,918.70, which represented 29.01% of the net profit attributable to ordinary shareholders[143]. - The company has established a three-year shareholder return plan (2018-2020) to ensure stable and sustainable returns to investors[138]. - The company aims to maintain a minimum cash dividend ratio of 80% during profit distribution, reflecting its mature development stage[143]. Business Expansion and Strategy - The company plans to expand its market presence and enhance its product offerings, focusing on new technologies and product development[6]. - The company is actively involved in various subsidiaries and partnerships to enhance its operational capabilities and market reach[13]. - The company underwent a name change and expanded its business scope to include technology research and development in 2019[24]. - The company is focusing on expanding its mobile game product line and enhancing its continuous profitability through increased R&D efforts[42]. - The company is focusing on diversifying its business by investing in internet advertising and big data sectors, forming an initial industry chain[56]. - The company plans to strengthen sales channel construction and improve management levels by training sales teams and exploring unique promotional methods[130]. - The company will focus on overseas market expansion by developing and launching high-quality mobile games and introducing excellent overseas game products[130]. Risk Management - The company has outlined potential risks in its future development outlook, urging investors to be aware of investment risks[6]. - The company is cautious in its external investments to mitigate strategic decision risks and integration challenges post-acquisition[133]. - The company plans to continue receiving government subsidies in 2020, although the exact amount remains uncertain[87]. Corporate Governance and Compliance - The company has established a sound corporate governance structure and independent operational management system prior to the transaction, which will not change significantly post-transaction[171]. - The company has committed to timely and accurate disclosure of all information that may significantly impact investors, adhering to regulations set by the China Securities Regulatory Commission and Shenzhen Stock Exchange[190]. - The company has maintained compliance with all commitments made to shareholders and has not engaged in non-operating fund occupation by controlling shareholders[199]. - The company guarantees that all commitments made in the letter are independently enforceable and will remain valid and unchangeable[184]. Research and Development - The company emphasizes the importance of accurate and complete financial reporting, with management taking responsibility for the report's content[5]. - Research and development expenses increased by 92.27% year-on-year to CNY 110,099,845.89, representing 6.34% of operating revenue[79][80]. - The number of R&D personnel grew by 26.78% to 303, reflecting the company's commitment to innovation[80]. - The company aims to enhance its research and development capabilities by increasing investment in H5 games and WeChat mini-program games, with a focus on user experience and product lifecycle extension[130]. Market Position and Competition - The mobile gaming business experienced rapid growth, with significant revenue contributions from games like "Yaoji Fishing" and "Xiaomei Dou Di Zhu"[42]. - The company maintained its leading position in the poker production market, leveraging advanced production technology and marketing channels[48]. - The company operates in a competitive environment with many poker manufacturers, but it stands out due to its production efficiency and internal management[48]. - The company’s poker brand is recognized as one of the top six brands in the Chinese poker industry, indicating strong market presence[43]. Investments and Acquisitions - The company successfully acquired 46.55% of Chengxi Technology, which became a wholly-owned subsidiary, contributing to the rapid growth of its mobile gaming business[56]. - The company invested 66,799.20 million CNY in acquiring Chengxi Technology and 15,860 million CNY in acquiring a 26% stake in Dayu Gaming, enhancing its competitive edge in the "big entertainment" strategy[56]. - The company acquired 51% of Shanghai KuZhen Network Technology Co., Ltd. and 26% of Dayu Competitive (Beijing) Network Technology Co., Ltd., expanding its consolidation scope[68]. Financial Management - The company has a dedicated investor relations team to facilitate communication and address shareholder inquiries[20]. - The company has a comprehensive disclosure policy, utilizing multiple media outlets for transparency, including the Securities Times and China Securities Journal[21]. - The company has reported a net profit of 59.99 million yuan for the period after deducting non-recurring gains and losses from the acquisition of Beijing Dayu Gaming Technology Co., Ltd.[126]. - The company has not reported any non-standard audit reports for the current reporting period[200].

Financial Performance - Net profit attributable to shareholders increased by 280.83% to CNY 123,438,623.63 for the reporting period [9]. - Operating revenue reached CNY 442,902,751.45, a 99.72% increase year-on-year [9]. - Basic earnings per share rose by 281.25% to CNY 0.3111 [9]. - The company reported a significant increase in net profit for the year-to-date, with a 244.28% rise to CNY 264,533,394.77 [9]. - The company reported a net cash flow from operating activities of 571,265,032.85, reflecting a 213.44% increase due to performance growth [26]. - The company reported a total of CNY 17,177 million in entrusted financial management, with CNY 15,377 million from self-owned funds [43]. - The company’s total comprehensive income for the current period is CNY 332,098,359.69, compared to CNY 117,841,525.87 in the previous period, marking an increase of about 182.5% [92]. Assets and Liabilities - Total assets increased by 7.37% to CNY 2,858,842,174.57 compared to the end of the previous year [9]. - The company's net assets attributable to shareholders decreased by 19.96% to CNY 1,439,596,623.00 compared to the end of the previous year [9]. - Total liabilities reached CNY 1,385,463,014.40, compared to CNY 779,106,819.44 previously [56]. - The company's equity attributable to shareholders was CNY 1,439,596,623.00, down from CNY 1,798,498,222.52 [57]. - The company's total liabilities increased significantly, with accounts payable rising by 147.52% to 235,120,584.66, reflecting higher procurement volumes [20]. Cash Flow - Net cash flow from operating activities increased by 161.64% to CNY 292,350,366.97 [9]. - Cash and cash equivalents increased by 82.65% to 494,907,204.18 due to higher net cash flow from operating activities [20]. - Operating cash inflow totaled CNY 1,473,701,697.06, a significant increase from CNY 668,086,387.15 in the previous period, reflecting a growth of approximately 120.5% [104]. - Net cash flow from investment activities was CNY -544,112,686.36, worsening from CNY -364,803,322.43 in the previous period [107]. - Financing cash inflow totaled CNY 694,754,400.00, an increase from CNY 388,730,000.00, reflecting a growth of approximately 78.5% [107]. Research and Development - Research and development expenses increased by 116.43% to 79,044,776.19, as Chengxi Technology intensified new game development efforts [23]. - Research and development expenses for the period were ¥30,042,785.80, an increase of 28% from ¥23,473,579.95 in the prior period [68]. - Research and development expenses decreased to CNY 253,944.88 from CNY 587,562.94, a reduction of approximately 56.8% [96]. Shareholder Information - The top shareholder, Yao Shuo Bin, holds 17.65% of the shares, with a total of 70,502,252 shares [14]. - The company granted 4.26 million stock options to 86 incentive objects at a price of 10.83 CNY per share as part of the 2019 stock option incentive plan [30]. - The company repurchased a total of 1,813,200 shares, accounting for 0.46% of the total share capital, with a total transaction amount of 20,005,672.38 CNY [30]. Operational Highlights - Operating revenue surged by 130.21% to 1,225,355,027.47, attributed to the consolidation of Chengxi Technology and increased investment in user acquisition [23]. - The company received government subsidies amounting to CNY 4,831,611.10 during the reporting period [9]. - The company completed the registration of changes to its name and business scope, changing its name from "Shanghai Yaoji Playing Card Co., Ltd." to "Shanghai Yaoji Technology Co., Ltd." [30]. Market and Future Outlook - The company plans to expand its market presence and invest in new technologies to drive future growth [66].

Financial Performance - The company's operating revenue for the first half of 2019 was ¥782,452,276.02, representing a 151.99% increase compared to ¥310,505,711.14 in the same period last year[26] - The net profit attributable to shareholders for the first half of 2019 was ¥141,094,771.14, a significant increase of 217.61% from ¥44,423,937.08 in the previous year[26] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥138,945,797.20, up 274.81% from ¥37,070,876.73 year-on-year[26] - The net cash flow from operating activities reached ¥278,914,665.88, marking a 295.51% increase compared to ¥70,520,534.55 in the same period last year[26] - Basic earnings per share for the first half of 2019 were ¥0.3551, an increase of 217.34% from ¥0.1119 in the previous year[26] - The total profit reached 227.51 million yuan, an increase of 185.15% compared to the previous year[51] - The company reported a net profit of 18,669.44 million CNY after deducting non-recurring gains and losses during the reporting period[168] Assets and Liabilities - The total assets at the end of the reporting period were ¥2,641,724,576.42, a slight decrease of 0.78% from ¥2,662,625,914.83 at the end of the previous year[26] - The net assets attributable to shareholders decreased by 24.45% to ¥1,358,800,645.05 from ¥1,798,498,222.52 at the end of the previous year[26] - The company's cash and cash equivalents decreased to RMB 325,711,325.48, down 2.17% from the previous year[70] - The net increase in cash and cash equivalents was negative RMB 5,589,666.32, primarily due to the acquisition payment for Chengxi Technology[62] Investments and Acquisitions - The strategic acquisition of a 53.45% stake in Chengxi Technology has yielded positive results, aligning with the company's "Big Entertainment" strategy[51] - The company successfully acquired the remaining 46.55% equity of Chengxi Technology, making it a wholly-owned subsidiary, contributing a net profit of RMB 12,218.66 million, accounting for 86.60% of the consolidated net profit attributable to the parent company[53] - The company invested RMB 672,192,000.00 during the reporting period, a decrease of 1.98% compared to the previous year[74] - The company has invested CNY 5,000,000 for the acquisition of the remaining 53.45% equity in Shanghai Chengqi Information Technology Co., Ltd.[85] Revenue Segments - The gaming segment generated revenue of RMB 455,397,944.92, with a staggering growth of 499.83% compared to the previous year[66] - The domestic market accounted for 99.51% of total revenue, with a significant increase of 151.61% year-over-year[66] - The gross profit margin for the software segment was 91.40%, reflecting an increase of 0.99% from the previous year[66] Research and Development - Research and development expenses increased by 275.52% to RMB 49,001,990.39, driven by significant investments in game development by Chengxi Technology[62] Corporate Governance and Strategy - The company has enhanced its corporate governance and investor relations through adjustments in board committees and ongoing communication with investors[54] - The company plans to focus on innovation and enhancing core competitiveness to mitigate risks associated with raw material price fluctuations and market competition[142] - The company aims to maximize capital output through various financing methods, including a bill pool business and bank credit, to enhance operational efficiency[55] Risk Management - The company emphasizes the importance of risk awareness in its future plans and development strategies[6] - The gaming segment faces regulatory risks, and the company emphasizes the importance of obtaining necessary approvals for game releases to avoid operational setbacks[142] - The company is committed to enhancing its talent retention strategies to address risks related to core personnel turnover in the gaming industry[142] Shareholder Actions - The company plans not to distribute cash dividends or issue bonus shares[7] - The company adjusted its share repurchase plan, raising the maximum repurchase price from RMB 8.5 to RMB 15 per share, repurchasing 483,000 shares, which is approximately 0.12% of the total share capital[57] - During the reporting period, the company repurchased a total of 483,000 shares, accounting for approximately 0.12% of the total share capital, with a total payment of 4,998,869.44 yuan[200] Related Party Transactions - The company reported a related party transaction amount of 63.45 million CNY for leasing agreements during the reporting period[161] - The company has not engaged in any significant related party transactions during the reporting period[175] Future Outlook - The company plans to invest resources to further develop Chengxi Technology, focusing on online casual gaming, which is expected to significantly increase sales scale, net cash flow, and earnings per share[168] - The company has not provided any future outlook or performance guidance in the current report[190]

Financial Performance - The company's operating revenue for Q1 2019 was ¥372,032,242.43, representing a 203.74% increase compared to ¥122,482,687.23 in the same period last year[9] - Net profit attributable to shareholders for Q1 2019 was ¥52,646,991.57, a 269.08% increase from ¥14,264,392.27 in the previous year[9] - Basic earnings per share for Q1 2019 were ¥0.1326, up 269.36% from ¥0.0359 in the same quarter last year[9] - The company reported a significant increase in net profit after deducting non-recurring gains and losses, which was ¥51,284,310.80, a 392.72% increase from ¥10,408,404.91 in Q1 2018[9] - Net profit for the current period was ¥94,420,066.68, up from ¥14,677,785.06 in the previous period, reflecting a growth of approximately 543.5%[62] - The company reported a total comprehensive income of ¥94,420,066.68 for the current period, compared to ¥14,677,785.06 in the previous period, marking a growth of about 543.5%[64] Cash Flow - The net cash flow from operating activities reached ¥145,564,036.34, marking a significant increase of 1,135.05% compared to ¥11,786,048.06 in Q1 2018[9] - The net cash flow from operating activities rose dramatically by 1135.05% to ¥145,564,036.34, driven by increased cash receipts from sales and reduced payments for materials[28] - Cash flow from operating activities increased to 145,564,036.34, up from 11,786,048.06 in the previous period, showing strong operational cash generation[75] - Net cash flow from operating activities was $79,427,499.09, a significant increase from $12,965,788.45 in the previous period, reflecting a strong operational performance[81] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,759,738,407.23, a 3.65% increase from ¥2,662,625,914.83 at the end of the previous year[9] - The net assets attributable to shareholders increased by 2.94% to ¥1,851,442,593.76 from ¥1,798,498,222.52 at the end of the last year[9] - Total current assets increased to ¥734,132,897.79 from ¥637,620,230.44, representing a growth of approximately 15.1%[41] - Total current liabilities rose to ¥809,364,832.52 from ¥779,098,024.30, marking an increase of approximately 3.7%[44] - Total liabilities amounted to ¥809,373,627.66, up from ¥779,106,819.44, which is an increase of about 3.6%[44] - Owner's equity increased to ¥1,950,364,779.57 from ¥1,883,519,095.39, showing a growth of approximately 3.5%[47] Expenses - Operating costs for the current period were ¥261,489,561.90, compared to ¥107,671,592.49 in the previous period, indicating an increase of about 143.5%[58] - The company reported a 482.51% increase in income tax expenses to ¥17,608,421.82, resulting from higher profits[25] - Sales expenses skyrocketed by 4010.06% to ¥75,587,962.38, primarily due to substantial marketing expenses after consolidating Chengxi's financials[25] - R&D expenses increased by 12255.76% to ¥23,268,239.48, reflecting the software industry's significant investment in research and development after the acquisition[25] - Research and development expenses for the current period were ¥23,268,239.48, significantly higher than ¥188,318.91 in the previous period, indicating a substantial increase in investment in innovation[58] Shareholder Information - The top ten shareholders collectively hold 57.8% of the company's total shares, indicating a concentrated ownership structure[17] - The company did not implement any share repurchase plans during the reporting period[29] Government Support - The company received government subsidies amounting to ¥1,595,284.63 during the reporting period[9] Inventory and Management - The company’s inventory decreased to ¥161,572,113.22 from ¥175,758,517.75, indicating improved inventory management[38] Audit and Compliance - The company did not undergo an audit for the first quarter report, which may affect the reliability of the financial data presented[85]

Financial Performance - The company's operating revenue for 2018 was ¥943,715,271.84, representing a 42.42% increase compared to ¥662,634,792.92 in 2017[27]. - The net profit attributable to shareholders for 2018 was ¥129,711,112.98, a 68.83% increase from ¥76,829,393.63 in 2017[27]. - The net cash flow from operating activities reached ¥243,501,645.36 in 2018, up 276.84% from ¥64,617,568.62 in 2017[30]. - The basic earnings per share for 2018 was ¥0.3266, an increase of 68.87% compared to ¥0.1934 in 2017[30]. - Total assets at the end of 2018 amounted to ¥2,662,625,914.83, a 36.60% increase from ¥1,949,212,889.32 at the end of 2017[30]. - The net assets attributable to shareholders at the end of 2018 were ¥1,798,498,222.52, reflecting a 12.44% increase from ¥1,599,512,827.19 at the end of 2017[30]. - The company reported a quarterly revenue of ¥411,446,844.02 in Q4 2018, which was the highest among the four quarters[33]. - The net profit attributable to shareholders in Q4 2018 was ¥52,873,844.18, marking a significant contribution to the annual profit[33]. - Non-recurring gains and losses totaled ¥31,826,455.02 for 2018, compared to ¥12,807,051.49 in 2017[36]. - The company achieved a total revenue of 943.72 million yuan, a year-on-year increase of 42.42%[55]. - Net profit attributable to shareholders reached 129.71 million yuan, up 68.83% compared to the previous year[55]. Shareholder Returns - The company reported a profit distribution plan of 1.00 CNY per 10 shares, totaling a base of 397,769,187 shares[7]. - The company approved a cash dividend of RMB 1 per 10 shares for 2018, totaling RMB 39,776,918.70, which represents 30.67% of the net profit attributable to ordinary shareholders[140]. - For 2017, the cash dividend was also RMB 1 per 10 shares, amounting to RMB 39,716,918.70, which accounted for 51.69% of the net profit attributable to ordinary shareholders[140]. - The cash dividend total for 2018 accounted for 100% of the total distributable profit[143]. - The company established a three-year shareholder return plan (2018-2020) to ensure stable and sustainable returns to investors, considering factors like profitability and external financing environment[139]. Corporate Governance - The company emphasizes the importance of accurate financial reporting and the absence of misleading statements in its annual report[5]. - The company has a commitment to disclose information through various media, including Securities Times and China Securities Journal[22]. - The company has a dedicated investor relations team to handle inquiries and maintain communication with shareholders[21]. - The independent directors fulfilled their responsibilities and ensured the protection of minority shareholders' rights[140]. - The company has established a governance structure compliant with relevant laws and regulations, including a shareholder meeting, board of directors, and supervisory board[176]. - The company guarantees that there are no unresolved issues that could severely damage shareholder rights[179]. - The company has pledged to publish regular reports and disclose significant information affecting investors in a timely manner[186]. Business Strategy and Development - The company focuses on both traditional poker business and mobile gaming, adapting to changes in consumer entertainment preferences, and aims for a transformation towards a broader cultural entertainment platform[42]. - The poker business includes design, production, and sales, with the "Yaoji" brand recognized as one of the top six brands in China's poker industry, maintaining a leading market position[43]. - The mobile gaming segment, led by Chengxi Technology, emphasizes high-quality game development and operations, with significant growth in the "Yuwan Game" platform, enhancing the company's profitability[44]. - The company completed the acquisition of a 53.45% stake in Chengxi Technology, furthering its strategy to transition from traditional manufacturing to mobile internet services[48]. - The company aims to enhance its competitive edge by understanding customer needs and adjusting business resources accordingly, aligning with consumer upgrade trends[48]. - The company continues to invest in research and development for social casual games, ensuring a strong pipeline of game content and operational capabilities[48]. - The company plans to increase R&D investment to strengthen its independent innovation capabilities in mobile game development[130]. Risk Management - The company has outlined potential risks in its future development outlook, urging investors to be cautious[6]. - The company faces risks related to raw material price fluctuations and market competition in the poker business, with strategies in place to mitigate these risks[134]. - The company has taken measures to mitigate risks associated with reliance on a single supplier, including exclusive agreements with major suppliers[75]. Acquisitions and Investments - The company completed the acquisition of 53.45% of Chengxi Technology on April 13, 2018, expanding its business into the online gaming sector[71]. - The acquisition of Chengxi Technology for 66.81 million yuan contributed 6.94 million yuan to the net profit, accounting for 53.51% of the consolidated net profit[55]. - The company has committed to purchasing at least RMB 10 million worth of its own shares in the secondary market within one year after the closing date of the share transfer agreement[150]. - The company plans to acquire the remaining equity of Chengxi Technology, making it a wholly-owned subsidiary, to strengthen collaboration and resource integration[130]. Financial Management - The company has a remaining unused raised fund amount of RMB 3,585.5 million, which is planned for bank financial products[100]. - The company has undergone several adjustments to its fundraising projects, including extending deadlines and reallocating funds for various projects[113]. - The company has established a solid foundation for long-term development through the innovation and upgrade of its self-developed gaming platform, "Yuwan Game"[80]. - The company reported a total of CNY 84.84 million in accounts receivable and accounts receivable notes, with a significant increase in other receivables to CNY 11.41 million[194]. - The company’s management expenses for the reporting period were CNY 54.05 million, while research and development expenses amounted to CNY 4.27 million[197]. Market Presence - Domestic revenue accounted for 99.69% of total revenue, amounting to 940.76 million yuan, with a year-on-year growth of 42.95%[64]. - The company aims to enhance brand influence and sales channels through strategic partnerships and marketing initiatives in Southeast Asia[55]. - The company leverages its brand and marketing network to enhance sales, focusing on expanding into second and third-tier markets while integrating its distribution channels[48].

上海姚记扑克股份有限公司 2018 年第三季度报告正文 证券代码：002605 证券简称：姚记扑克 公告编号：2018-094 上海姚记扑克股份有限公司 2018 年第三季度报告正文 1 上海姚记扑克股份有限公司 2018 年第三季度报告正文 2 第一节 重要提示 上海姚记扑克股份有限公司 2018 年第三季度报告正文 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 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。 第二节 公司基本情况 所有董事均已出席了审议本次季报的董事会会议。 一、主要会计数据和财务指标 公司负责人姚文琛、主管会计工作负责人姚朔斌及会计机构负责人(会计主 管人员)唐霞芝声明：保证季度报告中财务报表的真实、准确、完整。 公司是否需追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期末 | 上年度末 | | 本报告期末比上年度末增减 | | --- | --- | --- | --- | --- | | 总资产（元） | 2,665,775,021.70 | 1,949,212,889.32 | | 36.76% | | 归 ...