证券代码： 300052 证券简称：中青宝 深圳中青宝互动网络股份有限公司 投资者关系活动记录表 编号：2019-001 | --- | --- | --- | |----------------|--------------------------------|---------------------------------| | | ■特定对象调研 □分析师会议 | | | 投资者关系活动 | □媒体采访 □业绩说明会 | | | 类别 | □ 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） | | | 安信证券 罗鹏 | | | | 央广网 王雪洁 | | | | 翼虎投资 王凤华 | | | 参与单位名称及 | 安信证券 郝庄 | | | 人员姓名 | 第二基金 郑奇国 | | | | 东莞惠丰资产 陈柳榕 | | | | 长城证券 何思霖 | | | 时间 | 14:00-15:00 | | | 地点 | 深圳中青宝互动网络股份有限公司 | | | 上市公司接待人 | 董事长 李瑞杰 | | | --- | --- | |------- ...

Financial Performance - The company's operating revenue for Q3 2022 was ¥64,804,079.66, a decrease of 30.45% compared to the same period last year[5] - The net profit attributable to shareholders for the same period was -¥4,578,189.59, representing a decline of 326.89% year-on-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses decreased by 1,945.48% to -¥6,167,177.57[5] - Basic and diluted earnings per share were both -¥0.02, a decrease of 300.00% compared to the previous year[5] - Total operating revenue for Q3 2022 was CNY 225,484,594.75, a decrease of 12.37% compared to CNY 257,384,112.25 in Q3 2021[21] - Net profit for Q3 2022 was CNY 3,365,407.29, a significant decline of 84.25% from CNY 21,318,416.10 in Q3 2021[22] - The company reported a significant decrease in net profit due to increased costs and a decline in mobile game revenue, with a year-to-date decline of 48.02%[9] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,048,087,922.09, down 2.21% from the end of the previous year[5] - The company's current assets totaled CNY 335,389,474.92, down from CNY 360,061,531.52 at the start of the year, indicating a decline of approximately 6.5%[18] - Accounts receivable stood at CNY 181,712,192.92, slightly down from CNY 183,397,287.41, reflecting a decrease of about 0.9%[18] - The company's total liabilities were not explicitly stated, but current liabilities included accounts payable of CNY 69,323,268.81, down from CNY 105,872,628.64, a decrease of about 34.4%[18] - The total liabilities decreased to CNY 409,698,032.42 from CNY 438,982,527.03, reflecting a reduction of 6.52%[22] Cash Flow - The cash flow from operating activities for the year-to-date period increased by 2.93% to ¥46,551,771.64[5] - The company reported a net cash inflow from operating activities of CNY 325,027,146.31, compared to CNY 297,636,666.55 in the previous year[25] - Net cash flow from operating activities was CNY 46,551,771.64, slightly up from CNY 45,224,486.84 in the previous year, indicating a growth of 2.9%[26] - Total cash outflow from operating activities amounted to CNY 278,475,374.67, compared to CNY 252,412,179.71 in the same period last year, reflecting an increase of 10.3%[26] - Cash inflow from financing activities was CNY 85,040,000.00, down from CNY 130,000,000.00 in the previous year, representing a decrease of 34.6%[26] - The net increase in cash and cash equivalents was CNY -33,560,150.99, compared to CNY -34,910,599.28 in the previous year, showing a slight improvement[26] - The ending balance of cash and cash equivalents was CNY 37,297,299.67, down from CNY 65,850,476.46 year-over-year, a decline of 43.0%[26] Costs and Expenses - Total operating costs increased to CNY 247,952,026.88, up 5.63% from CNY 235,628,302.34 in the previous year[21] - Research and development expenses rose to CNY 49,548,679.69, an increase of 23.06% compared to CNY 40,284,070.62 in the same period last year[22] - The company experienced a significant increase in financial expenses, with a net financial expense of CNY -2,691,828.03 compared to CNY 5,494,361.84 in the previous year[22] - The company paid CNY 81,450,632.56 in employee compensation, an increase from CNY 60,474,240.78 in the previous year, reflecting a growth of 34.7%[26] Shareholder Information - The equity attributable to shareholders at the end of the reporting period was ¥648,463,244.45, an increase of 1.46% from the previous year[5] - The total equity attributable to shareholders of the parent company increased to CNY 648,463,244.45 from CNY 639,157,286.99, a growth of 1.99%[22] - The company has a total of 1,013,618 shares under lock-up agreements, primarily related to executive stock options[15] - The company’s major shareholders include Shenzhen Baode Technology Co., Ltd. and Shenzhen Baode Investment Holdings Co., Ltd., with significant pledged shares totaling 24,903,400 and 19,141,478 respectively[12] Non-Recurring Items - Non-recurring gains and losses included a government subsidy of ¥382,978.90 and a net gain from the disposal of non-current assets of ¥537,485.45[6] - Other comprehensive income after tax was CNY -5,918,875.86, contrasting with CNY 328,671.22 in the same period last year[22]

Financial Performance - The company's operating revenue for the first half of 2022 was ¥160,680,515.09, a decrease of 2.15% compared to ¥164,207,833.68 in the same period last year[24]. - The net profit attributable to shareholders was ¥11,629,803.82, reflecting a slight increase of 0.71% from ¥11,547,290.36 in the previous year[24]. - The net profit after deducting non-recurring gains and losses was ¥7,160,617.01, down 18.77% from ¥8,815,704.20 year-on-year[24]. - The net cash flow from operating activities decreased by 35.10% to ¥24,433,051.46 from ¥37,648,573.72 in the same period last year[24]. - Total assets at the end of the reporting period were ¥1,051,874,507.00, a decrease of 1.85% from ¥1,071,752,666.18 at the end of the previous year[24]. - The net assets attributable to shareholders increased by 2.52% to ¥655,290,116.83 from ¥639,157,286.99 at the end of the previous year[24]. - The basic earnings per share remained unchanged at ¥0.04, consistent with the previous year[24]. - The diluted earnings per share also remained at ¥0.04, unchanged from the same period last year[24]. - The weighted average return on equity increased to 1.80%, up from 1.64% in the previous year[24]. - Revenue for the reporting period was ¥160,680,515.09, a decrease of 2.15% compared to ¥164,207,833.68 in the same period last year, primarily due to a decline in mobile game revenue[63]. - Operating costs increased by 5.97% to ¥86,236,208.24, mainly due to depreciation from the full operation of the Leshan Cloud Data Center[63]. - Research and development expenses rose by 34.35% to ¥32,755,416.53, attributed to an increase in R&D personnel and investment[63]. - Sales expenses increased by 21.77% to ¥28,604,853.17, driven by a rise in sales personnel and greater market expansion efforts[63]. - Cash flow from operating activities decreased by 35.10% to ¥24,433,051.46, mainly due to expanded advertising business and increased accounts receivable[63]. - The net increase in cash and cash equivalents was ¥357,854.29, a significant improvement compared to a decrease of ¥59,185,394.76 in the previous year[63]. Business Segments and Strategy - The company has established a multi-driven model with three main business segments: gaming, cloud services, and digital twin & cultural tourism[32]. - The gaming segment focuses on enhancing the "Red Game" brand, with high user engagement and monetization rates, particularly for titles like "Anti-Japanese War" and "Last Cannon" which have loyal player bases[33]. - The company is actively developing new mobile games based on patriotic themes, aiming to leverage the growing popularity of "national trend" among younger consumers[34]. - The cloud services segment is expanding with the establishment of data centers, including a 20,000 m² facility in Shenzhen and a 30,000 m² center in Leshan, both meeting national A-level standards[40][42]. - The Chengdu Intelligent Computing Center project is under construction and is expected to be operational by Q4 2022, enhancing the company's cloud infrastructure in Western China[42]. - The company has formed strategic partnerships for cloud security and communication services, enhancing its offerings in the cloud market[43]. - The digital twin and cultural tourism business is being developed to integrate digital technology with the real economy, contributing to the construction of a digital China[44]. - The company is increasing its market share by collaborating with leading industry partners for game distribution, both domestically and internationally[37]. - The company is focusing on innovative game development, with new titles in the pipeline that explore Chinese cultural elements and popular entertainment themes[36]. - The company is committed to enhancing game quality and user experience through continuous upgrades and iterations of existing titles[33]. - The company is actively expanding its digital twin and cultural tourism business, leveraging R&D innovation to drive growth in various sectors[59]. Financial Strategy and Investments - The company is actively investing in cloud services and digital twin technologies to enhance its market position and respond to evolving consumer demands[100][108]. - The company has identified risks related to core personnel turnover, which could affect its competitive advantage in the gaming and cloud service sectors[97][103]. - The company is focusing on expanding its cloud service value-added business and continuously investing in digital twin and cultural tourism sectors to adapt to market changes[109]. - The company plans to enhance its management system to stabilize its core talent team and optimize talent structure, emphasizing the cultivation of technical leaders and management backbones[109]. - The company will conduct thorough feasibility and economic benefit analyses before any acquisitions to ensure alignment with its business attributes and to mitigate investment risks[110]. - The company will strengthen research and evaluation of new businesses, closely monitoring costs, return on investment, and risk levels to minimize the risks associated with new business development[110]. Regulatory Compliance and Governance - The company has committed to maintaining independence in personnel, assets, finance, organization, and business operations, ensuring no abnormal related transactions occur with listed companies[122]. - The company has undertaken to bear any tax penalties or losses incurred by Zhongqingbao Network prior to its public offering[122]. - The company guarantees not to engage in any competing business during its control period over Zhongqingbao Network, including through subsidiaries[122]. - The company has pledged to fully assume any social insurance payments required by regulatory authorities prior to its initial public offering[122]. - The company will avoid any related party transactions that may lead to conflicts of interest, adhering to relevant regulations and company bylaws[122]. - The company has committed to transferring or terminating any competing business upon request from listed companies or their subsidiaries[122]. - The company will ensure that its subsidiaries do not operate any competing businesses with Zhongqingbao Network[122]. - The company has promised to comply with the Shenzhen Stock Exchange's rules and guidelines regarding the conduct of directors[122]. - The company has made commitments regarding the independence of its operations and the avoidance of related party transactions[122]. - The company has implemented corrective measures following regulatory guidance regarding management and information disclosure issues[130]. - The company has taken measures to ensure compliance with regulatory requirements and to protect the interests of minority shareholders[130]. Shareholder Information - The total number of shares increased from 262,013,710 to 262,013,710, with no change in the overall share count[153]. - Limited sale shares increased from 800,457 (0.31%) to 1,013,618 (0.39%) after the adjustment, reflecting a change of 213,161 shares[153]. - Unlimited sale shares decreased from 261,213,253 (99.69%) to 261,000,092 (99.61%), indicating a reduction of 213,161 shares[153]. - The total number of shareholders at the end of the reporting period was 82,423[157]. - The largest shareholder, Shenzhen Baode Technology Co., Ltd., held 24,903,400 shares, representing 9.50% of the total shares[158]. - The second largest shareholder, Shenzhen Baode Investment Holdings Co., Ltd., held 19,141,478 shares, accounting for 7.31%[158]. - A total of 800,457 shares were subject to lock-up conditions, with 215,986 shares released during the reporting period[155]. - The company reported a significant increase in the number of shares held by executives, with a total of 1,013,618 shares at the end of the period[155]. - The company has implemented a stock incentive plan, with 155,000 restricted shares set to unlock over three years[155]. - There were no changes in the approval or transfer of share changes during the reporting period[156]. Market Risks and Challenges - The company faced market risks in the gaming industry due to increasing competition and changing player preferences, which could impact operational performance[94]. - The company is aware of regulatory risks in the gaming and cloud service industries, which could impact its operations if not managed properly[95][99]. - The company has not sold any major assets during the reporting period, maintaining its asset base[89]. - The company did not engage in any asset or equity acquisitions or sales during the reporting period[135]. - The company did not have any related debt or credit transactions during the reporting period[137]. - The company reported a total guarantee amount of 500 million yuan for the period, with an actual guarantee amount of 500 million yuan issued[147]. - The actual guarantee amount accounted for 0.76% of the company's net assets[147]. - There were no significant contracts or other major matters to disclose during the reporting period[148][149].

Game Business Performance - The company's game business has seen a significant increase in R&D expenses, with multiple mobile games currently in development, leading to a temporary lack of economic benefits[5] - In 2021, China's gaming market generated actual sales revenue of CNY 296.51 billion, an increase of CNY 17.83 billion, representing a year-on-year growth of 6.4%[9] - The domestic gaming user base reached 666 million, showing a slight year-on-year growth of 0.22%[9] - The company aims to enhance its game offerings, focusing on patriotic and health-oriented online games, with titles like "抗战" and "亮剑"[55] - The company is focusing on the growth of its patriotic mobile games, with new players and online numbers for "Anti-Japanese War" and "Bright Sword" showing good growth, aiming to enhance the spread of red-themed games[56] - Multiple new games are in development, including "Shen Chu Shao Fang - Brewing Master" and "Tao Yuan Yi Meng," with several products already in the application process for licensing, expanding the company's market coverage[57] - The company is currently developing multiple projects aimed at enhancing product competitiveness, with all projects in the research phase[92] - The company plans to continue optimizing and enhancing game stability and playability in response to user feedback and market conditions[118] - The company reported a significant increase in revenue from game products, achieving a growth rate of 139.94% compared to the previous year[116] - The company faced challenges with several new game launches, which have not yet generated expected economic benefits due to market competition and internal restructuring[119] Financial Performance - The company's operating revenue for 2021 was ¥355,131,475.38, representing a 20.86% increase compared to ¥293,843,947.62 in 2020[42] - The net profit attributable to shareholders was -¥46,226,144.46, an improvement of 65.75% from -¥134,958,387.66 in the previous year[42] - The net cash flow from operating activities increased by 86.24% to ¥67,359,812.88, up from ¥36,168,560.45 in 2020[42] - The total assets at the end of 2021 were ¥1,071,752,666.18, a 1.64% increase from ¥1,054,418,691.45 at the end of 2020[42] - The company's basic earnings per share improved to -¥0.18 from -¥0.52 in 2020, reflecting a 65.38% increase[42] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥38,198,499.86, a 73.61% improvement from -¥144,767,828.08 in 2020[42] - The company reported a net profit for the year at -¥49.78 million, with significant asset impairment losses of ¥52.48 million impacting the results[95] - The company's cash and cash equivalents decreased by 49.91% to -¥29.90 million, compared to -¥68.36 million in the previous year[95] R&D and Innovation - The company emphasizes the importance of retaining high-quality technical talent, as the loss of core personnel could negatively impact core technology and operational performance[25] - The company reported a strong focus on technological innovation to meet evolving customer demands and industry standards[23] - Research and development expenses increased by 51.99% year-on-year to ¥54.57 million, representing 15.37% of total revenue, up from 12.22% in 2020[93] - The number of R&D personnel increased by 124.76% to 236, with R&D staff now accounting for 47.39% of the total workforce[92] - The company is investing in R&D for new gaming technologies, with a budget allocation of $5 million for the upcoming year[182] Cloud Services and IDC Business - The company operates in the cloud services sector, including IDC and broadband access services, facing rapid technological updates and risks associated with insufficient investment in transmission technology and equipment[23] - The IDC business market in China is expected to grow at a compound annual growth rate of 26.9% from 2019 to 2022, indicating strong demand and no signs of overcapacity[10] - The cloud service business generated ¥183,922,881.69, accounting for 51.79% of total revenue, with a year-on-year growth of 28.68%[76] - The total operating costs for the cloud services business were ¥126.85 million, which represented 70.66% of the total operating costs, reflecting a 52.92% increase from the previous year[85] - The company has established two high-level data centers in Shenzhen and Leshan, enhancing its cloud service capabilities and resource utilization efficiency[69] - The company is committed to building a new type of computing network system integrating data centers, cloud computing, and big data, enhancing its operational management capabilities[70] Market Risks and Challenges - The gaming industry faces risks from market competition and regulatory approvals, which could impact the company's performance if not managed effectively[16][17] - The digital twin business is a new and emerging concept, facing market risks due to consumer perceptions and intense competition from various industries[26] - The company acknowledges the challenges of product differentiation in the digital economy, as well as potential compliance issues with national regulations that could affect product functionality[27] - The competitive landscape in the cloud services and digital twin sectors is intensifying, necessitating strategic responses to maintain market position[26] - The gaming industry faces market risks due to high player expectations and rapid shifts in player preferences, which could impact performance[152] - Regulatory risks exist in the gaming sector, including the need for approvals for new games and virtual currency operations[152] - The cloud service business may encounter risks from changing industry regulations and increased competition, potentially affecting market share[155] Talent Management and Organizational Structure - The company recognizes the critical role of a stable and skilled workforce in driving growth and innovation in the rapidly evolving tech landscape[25] - The company is committed to enhancing its management system to stabilize its core talent team and ensure continuous talent development through training mechanisms and organizational reforms[162] - The company has implemented a stock option incentive plan in 2021 to attract and retain talent, aligning the interests of shareholders, the company, and employees[68] - The company plans to continue focusing on talent development as a key part of its growth strategy[74] Corporate Governance and Compliance - The company is committed to complying with government regulations to mitigate potential policy risks[161] - The company has established a performance evaluation and incentive mechanism for senior management[190] - The company aims to align shareholder interests with those of employees through the implementation of the stock option incentive plan[197] - The company confirmed that there were no significant risks identified during the supervisory activities of the Supervisory Board in the reporting period[200] - The company has a strategic plan to address potential competition with Baode Technology through business restructuring if necessary[176]

Financial Performance - The company's revenue for Q1 2022 was ¥69,605,580.72, a decrease of 12.86% compared to ¥79,875,438.03 in the same period last year[5] - Net profit attributable to shareholders was ¥4,343,702.98, down 42.06% from ¥7,496,626.74 year-on-year[5] - The net profit after deducting non-recurring gains and losses was ¥494,233.42, a significant decline of 91.59% from ¥5,873,310.93 in the previous year[5] - Total operating revenue for Q1 2022 was CNY 69,605,580.72, a decrease of 12.8% compared to CNY 79,875,438.03 in the same period last year[19] - Net profit for Q1 2022 was CNY 4,512,948.49, down 51.8% from CNY 9,370,947.18 in Q1 2021[21] - Basic earnings per share for Q1 2022 were CNY 0.02, down from CNY 0.03 in the same period last year[22] Cash Flow - Operating cash flow net amount increased by 248.01%, reaching ¥12,711,460.42 compared to ¥3,652,617.08 in the same period last year[5] - The company reported a net cash flow from operating activities of CNY 12,711,460.42, significantly up from CNY 3,652,617.08 in the same quarter last year[22] - The net cash flow from investment activities was -5,043,073.11, a decrease compared to -5,463,835.42 in the previous period[23] - Cash inflow from financing activities totaled 35,000,000.00, down from 80,000,000.00 in the previous period[23] - The net cash flow from financing activities was -1,896,853.89, compared to -37,980,926.66 in the previous period[23] - The cash and cash equivalents at the end of the period amounted to 76,610,836.58, an increase from 69,864,191.67 in the previous period[23] - The initial cash and cash equivalents balance was 70,857,450.66, showing a decrease from 109,621,446.74 in the previous period[23] Expenses - Research and development expenses rose by 55.17% year-on-year, primarily due to increased labor costs and new office rent[9] - Management expenses increased by 79.78% compared to the previous year, attributed to higher option costs and labor costs[9] - Research and development expenses rose to CNY 15,645,865.35, an increase of 55.5% compared to CNY 10,083,042.31 in the previous year[19] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,064,379,099.30, a decrease of 0.69% from the previous year-end[6] - Current assets increased to CNY 365,842,231.64 from CNY 360,061,531.52, primarily driven by an increase in cash and cash equivalents[16] - The total liabilities stood at CNY 365,842,231.64, with current liabilities including accounts payable decreasing to CNY 93,093,007.65 from CNY 105,872,628.64, a decline of approximately 11.9%[17] - Total liabilities decreased to CNY 422,986,844.40 from CNY 438,982,527.03, reflecting a reduction of 3.6%[19] - The company reported a decrease in non-current assets to CNY 698,536,867.66 from CNY 711,691,134.66, a reduction of about 1.8%[17] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 92,296[10] - The total equity attributable to shareholders of the parent company increased to CNY 647,610,157.23, up from CNY 639,157,286.99[19] Other Income and Comprehensive Income - The company reported a significant increase in other income, which rose by 265.46% year-on-year, mainly due to government subsidies and VAT input tax credits[9] - Other comprehensive income after tax was CNY 224,773.10, a recovery from a loss of CNY 386,435.68 in the same quarter last year[21] Audit and Reporting - The company did not conduct an audit for the first quarter report[24] - The cash flow from operating activities was not detailed in the provided documents[25]

Financial Performance - The company's operating revenue for 2021 was ¥355,131,475.38, representing a 20.86% increase compared to ¥293,843,947.62 in 2020[42]. - The net profit attributable to shareholders was -¥46,226,144.46, an improvement of 65.75% from -¥134,958,387.66 in 2020[42]. - The net cash flow from operating activities increased by 86.24% to ¥67,359,812.88 from ¥36,168,560.45 in the previous year[42]. - The total assets at the end of 2021 were ¥1,071,752,666.18, a 1.64% increase from ¥1,054,418,691.45 at the end of 2020[42]. - The company reported a basic earnings per share of -¥0.18, which is a 65.38% improvement from -¥0.52 in 2020[42]. - The company’s weighted average return on equity was -6.86%, an improvement of 10.78% from -17.64% in 2020[42]. - The total operating revenue for 2021 was ¥355,131,475.38, representing a year-on-year increase of 20.86% compared to ¥293,843,947.62 in 2020[74]. - The cloud service business generated ¥183,922,881.69, accounting for 51.79% of total revenue, with a year-on-year growth of 28.68%[75]. - The company's self-operated online games revenue reached ¥65,529,197.81, a significant increase of 53.39% from ¥42,720,835.71 in the previous year[75]. - The advertising service revenue increased by 30.92% to ¥7,601,370.18, compared to ¥5,806,057.52 in 2020[75]. - The technology and cultural tourism business saw a remarkable growth of 95.77%, with revenue of ¥1,597,936.31, up from ¥816,217.54[75]. Gaming Industry Insights - The gaming industry is experiencing intensified competition, which poses risks to the company's market performance if it fails to adapt to changing player preferences[16]. - The gaming industry in China generated actual sales revenue of ¥296.51 billion in 2021, a year-on-year increase of 6.4%[53]. - The domestic gaming user base reached 666 million, showing a slight growth of 0.22% year-on-year[53]. - The company has been focusing on optimizing and upgrading its red-themed online game products to promote traditional culture[55]. - The company is steadily advancing the launch of new mobile games based on patriotic themes, with existing titles like "抗战" and "亮剑" showing good growth in new players and online numbers[56]. - Multiple new games are in development, including "慎初烧坊-酿酒大师" and "守住那座塔," with several products already in the application process for licensing[57]. - The company has not launched any new games during the reporting period, maintaining a total of over 30 operational games[64]. Cloud Services and Technology - The company operates in the cloud services sector, including IDC and broadband access services, facing rapid technological updates and risks associated with insufficient investment in transmission technology and equipment[23]. - The company will focus on expanding its cloud service market by targeting emerging industries such as industrial internet and AR/VR[14]. - The cloud service business is subject to regulatory risks, particularly concerning information security and compliance with national policies[144]. - The company is committed to integrating cloud computing, big data, and data center operations to enhance its service offerings and operational management[70]. - The company has established two high-level data centers in Shenzhen and Sichuan, enhancing its cloud service capabilities and operational efficiency[69]. - The company is enhancing the utilization rates of its data centers in Shenzhen and Leshan, collaborating with major telecom operators in ICT integration[136]. - The company plans to develop a comprehensive data center solution to support the digital transformation of the real economy, offering lifecycle services including planning, construction, and operation[136]. Research and Development - Research and development expenses increased by 51.99% to ¥54.57 million, representing 15.37% of total revenue[90]. - The number of R&D personnel rose by 124.76% to 236, with a significant increase in the proportion of personnel holding bachelor's degrees[90]. - The company has multiple ongoing R&D projects aimed at enhancing product competitiveness, which are expected to positively impact future performance[89]. - The company has established mechanisms for intellectual property rights but still faces potential litigation risks due to compliance issues with national laws and regulations[28]. - The company emphasizes the importance of a stable and high-quality technology talent team for its growth and competitiveness[25]. Talent Management and Corporate Governance - The company has implemented a stock option incentive plan in 2021 to attract and retain talent, aligning employee interests with long-term company growth[68]. - The company emphasizes talent development as a key part of its growth strategy, enhancing its operational capabilities[72]. - The company recognizes the risk of core personnel turnover, which could adversely affect its operational capabilities and innovation[145]. - The company is committed to stabilizing its core talent team and enhancing talent cultivation through effective management and training mechanisms[149]. - The company has established a transparent performance evaluation and incentive mechanism for senior management to ensure accountability[155]. - The company maintains independent financial management with a dedicated finance department and an independent accounting system, ensuring no shared bank accounts with actual controllers[161]. - The company has established a robust corporate governance structure through shareholder meetings, board of directors, and independent committees, ensuring effective checks and balances[160]. Strategic Outlook and Market Risks - The company aims to enhance its cloud service business alongside its traditional gaming operations, establishing a dual-driven business model[55]. - The company’s future outlook includes addressing the risks associated with technology updates and personnel retention to maintain its competitive edge in the cloud services industry[23]. - The company is facing market risks in the gaming sector due to increasing competition and changing player preferences, which may impact performance[142]. - The company anticipates intensified market competition in the IDC sector, which could lead to a decline in overall gross margins[145]. - The company plans to actively explore the digital twin sector, aiming to strengthen its industrial layout and contribute to the development of the digital economy[148]. - The company acknowledges the risk of core personnel turnover in the digital twin field and is focused on talent retention strategies[147].

Financial Performance - The company's operating revenue for 2021 was ¥355,131,475.38, representing a 20.86% increase compared to ¥293,843,947.62 in 2020[42]. - The net profit attributable to shareholders was -¥46,226,144.46, an improvement of 65.75% from -¥134,958,387.66 in the previous year[42]. - The net cash flow from operating activities increased by 86.24% to ¥67,359,812.88, up from ¥36,168,560.45 in 2020[42]. - The total assets at the end of 2021 were ¥1,071,752,666.18, a 1.64% increase from ¥1,054,418,691.45 at the end of 2020[42]. - The company's basic and diluted earnings per share improved to -¥0.18 from -¥0.52 in 2020, marking a 65.38% increase[42]. - The net profit after deducting non-recurring gains and losses was -¥38,198,499.86, showing a 73.61% improvement from -¥144,767,828.08 in 2020[42]. - The total operating revenue for 2021 reached ¥355,131,475.38, representing a year-on-year increase of 20.86% compared to ¥293,843,947.62 in 2020[75]. - The cloud service business contributed ¥183,922,881.69, accounting for 51.79% of total revenue, with a growth of 28.68% from ¥142,928,353.79 in 2020[76]. - The company's self-operated online games revenue increased by 53.39% to ¥65,529,197.81, up from ¥42,720,835.71 in the previous year[75]. - The technology and cultural tourism business saw a significant revenue increase of 95.77%, reaching ¥1,597,936.31 from ¥816,217.54 in 2020[76]. - The revenue from other services surged by 333.25% to ¥5,360,071.70, compared to ¥1,237,179.38 in the previous year[76]. Gaming Industry Insights - In 2021, China's gaming market generated actual sales revenue of CNY 296.51 billion, an increase of CNY 17.83 billion, representing a year-on-year growth of 6.4%[9]. - The domestic gaming user base reached 666 million, with a slight year-on-year growth of 0.22%[9]. - The gaming industry faces risks from market competition and regulatory approvals, which could impact new game launches and overall performance[16][17]. - The company is focusing on dual-driven development in both gaming and cloud service sectors, enhancing its business model sustainability[55]. - The company is actively developing new red-themed mobile games and plans to launch several titles, including anti-Japanese war and Long March themed games, to enhance its brand positioning in the patriotic gaming market[142]. - The company is focusing on the growth of its patriotic mobile games, with new players and online numbers for "Anti-Japanese War" and "Bright Sword" showing good growth, aiming to enhance the dissemination of red-themed content[56]. - Multiple new games are in development, including "Shen Chu Shao Fang - Brewing Master" and "Tao Yuan Yi Meng," with several products already in the application process for licensing, expanding the company's market coverage[57]. - The company is currently developing multiple projects aimed at enhancing product competitiveness, with all projects in the research phase[92]. - The gaming promotion project generated revenue of RMB 2,551.35 million, reflecting a 101.24% increase[115]. - The company faced challenges with several game projects, leading to underperformance and eventual shutdowns, including the 3D game "Alliance" and the 2.5D game "Three Kingdoms Hero" due to market conditions[117][118]. Cloud Services and Technology - The company operates in the cloud services sector, including IDC and broadband access services, facing rapid technological updates and risks associated with insufficient investment in transmission technology and equipment[23]. - The domestic cloud services industry is experiencing rapid growth, with a high dependency on management and technical talent, making it crucial for the company to provide competitive incentives to retain core personnel[25]. - The company has established two high-level self-built data centers in Shenzhen and Leshan, enhancing its cloud service capabilities and operational efficiency[69]. - The company has completed strategic partnerships with top-tier security vendors to enhance its cloud security offerings, aligning with new policy guidelines[63]. - The company is committed to increasing the efficiency and profitability of its cloud services, leveraging its resources and advanced management platforms[69]. - The company is enhancing its collaboration with major telecom operators to improve the utilization rates of its data centers and expand its cloud value-added services[145]. - The IDC business market in China is projected to grow at a compound annual growth rate of 26.9% from 2019 to 2022, indicating strong demand and no signs of overcapacity[10]. - The company will focus on expanding its cloud service market by targeting emerging industries such as industrial internet and AR/VR[14]. - The company is committed to building a digital economy ecosystem through digital twin applications across various sectors, including education, tourism, and urban development[147]. Research and Development - Research and development expenses increased by 51.99% year-on-year to ¥54.57 million, representing 15.37% of total revenue, up from 12.22% in 2020[91][92]. - The number of R&D personnel increased by 124.76% to 236, with R&D staff now accounting for 47.39% of the total workforce[92]. - The company is investing in R&D for new gaming technologies, with a budget allocation of approximately $5 million for the upcoming year[182]. - The company emphasizes the importance of a stable and high-quality technology talent team for its growth and competitiveness[25]. - The company is committed to talent development as a key part of its growth strategy, ensuring a strong foundation for future expansion[74]. Regulatory and Compliance Risks - The company has recognized asset impairment losses for long-term equity investments in joint ventures based on valuation assessments[5]. - The company has established mechanisms for intellectual property rights but still faces potential litigation risks due to compliance issues with national laws and regulations[28]. - The company is exposed to regulatory risks in the gaming sector, requiring licenses for mobile game operations and potential approval failures for new games[151]. - The company is committed to complying with government regulations to mitigate potential policy risks and ensure legal operations[159]. Management and Governance - The company will not distribute cash dividends or issue bonus shares for the year[4]. - The company has implemented a stock option incentive plan in 2021 to attract and retain talent, aligning employee interests with long-term company growth[68]. - The company has established a performance evaluation and incentive mechanism for senior management[188]. - The company emphasized thorough feasibility and economic benefit analysis before any acquisition to mitigate investment risks[160]. - The company held three shareholder meetings during the reporting period, with the highest investor participation at 21.44% for the second temporary shareholder meeting on December 7, 2021[175]. - The company reported a total of 945,943 shares held by directors and senior management at the end of the reporting period, with a net decrease of 64,000 shares during the period[178]. - The company experienced changes in its board and management, including the resignation of the deputy general manager and board secretary, Wen Yi, on February 24, 2021, due to personal reasons[178]. - The company’s independent director, Chen Panli, was appointed on January 10, 2022, and resigned on April 6, 2022, for personal reasons[178]. Future Outlook - Future outlook includes a projected revenue growth of 15% for the next fiscal year, driven by new product launches and market expansion strategies[181]. - The company plans to enhance its digital marketing efforts, with a budget increase of 20% to boost user acquisition[186]. - The company is exploring partnerships with technology firms to leverage AI in game development, aiming to improve user experience and engagement[188]. - The company plans to focus on high-quality game development and cloud service expansion, aiming for stable growth in cloud services[150].

Financial Performance - The company's operating revenue for Q3 2021 was ¥93,176,278.57, representing a year-on-year increase of 35.08%[3] - The net profit attributable to shareholders for the same period was ¥2,017,829.31, a significant increase of 127.92% year-on-year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥301,503.12, reflecting a decrease of 96.71% compared to the previous year[3] - The net profit attributable to shareholders for the year-to-date period increased by 730.18% to ¥13,565,119.67[7] - The company reported a net profit of ¥45,881,458.74, up from ¥32,274,747.27, reflecting a growth of 42.2%[17] - The net profit for Q3 2021 was CNY 21,318,416.10, a significant increase compared to CNY 2,039,330.16 in Q3 2020, representing a growth of approximately 943%[20] - Operating profit for the quarter reached CNY 18,407,254.14, compared to CNY 985,085.43 in the same period last year, indicating a substantial improvement[20] - The total comprehensive income for the quarter was CNY 21,647,087.32, compared to CNY 2,061,841.62 in Q3 2020, indicating a growth of approximately 950%[21] Cash Flow and Liquidity - The cash flow from operating activities for the year-to-date period increased by 389.83% to ¥45,224,486.84[7] - The cash flow from operating activities was CNY 45,224,486.84, a turnaround from a negative cash flow of CNY -15,603,787.69 in Q3 2020[24] - Cash and cash equivalents decreased to ¥78,522,702.16 from ¥109,621,446.74, a decline of 28.3%[15] - Cash and cash equivalents at the end of the period stood at CNY 65,850,476.46, an increase from CNY 48,451,713.15 year-over-year[24] - The company raised CNY 130,000,000.00 through borrowings, slightly up from CNY 129,000,000.00 in the previous year[24] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,098,847,555.81, an increase of 4.21% from the end of the previous year[3] - Total assets as of September 30, 2021, were ¥1,098,847,555.81, compared to ¥1,054,418,691.45 at the end of 2020, marking an increase of 4.2%[16] - Total liabilities increased to ¥383,067,079.98 from ¥354,599,282.42, an increase of 8.0%[17] - Total liabilities increased from ¥354,599,282.42 to ¥373,290,678.76, representing a growth of approximately 5.25%[28] - The company's equity attributable to shareholders rose to ¥710,861,027.37 from ¥696,528,257.00, an increase of 2.1%[17] Operational Highlights - The company reported a significant increase in government subsidies, totaling ¥1,967,542.07 for the quarter[5] - The company plans to enhance its data center operations and expand its gaming revenue streams to drive future growth[7] - The company is focusing on expanding its market presence and developing new technologies[16] - The company has terminated its advertising agency promotion business with Baidu Network Company as of August 2020[13] Research and Development - Research and development expenses increased to CNY 40,284,070.62 from CNY 25,866,811.04, reflecting a year-over-year growth of about 55%[20] Earnings Per Share - Basic and diluted earnings per share for the year-to-date period were both ¥0.01, up 133.33% year-on-year[3] - The company reported a basic earnings per share of CNY 0.05, compared to CNY 0.01 in the same quarter last year, marking a 400% increase[21] Accounting and Reporting - The third quarter report was not audited, indicating a preliminary assessment of financial performance[30] - The company has adopted the new leasing standards effective January 1, 2021, impacting the financial statements[29]

Financial Performance - Revenue for the first half of 2021 reached RMB 500 million, representing a 15% increase compared to the same period last year[22]. - The company's operating revenue for the reporting period was ¥164,207,833.68, representing a 25.09% increase compared to ¥131,273,353.76 in the same period last year[29]. - The net profit attributable to shareholders was ¥11,547,290.36, up 30.31% from ¥8,861,434.79 year-on-year[29]. - The net profit after deducting non-recurring gains and losses surged by 681.18% to ¥8,815,704.20 from ¥1,128,517.97 in the previous year[29]. - The company anticipates a revenue growth forecast of 30% for the second half of 2021, driven by new game launches and marketing strategies[6]. - The company reported a total comprehensive income of CNY 17.14 million for the first half of 2021, compared to CNY 7.04 million in the same period of 2020, an increase of 143.00%[158]. - The company reported a net loss attributable to shareholders of 5,220,000.00 CNY for the first half of 2021, compared to a profit of 772,000.00 CNY in the same period last year[176]. - The total comprehensive income for the period was -3,623,484.44 CNY, indicating a significant decline in profitability[179]. User Engagement and Market Expansion - The company reported a significant increase in user engagement, with a year-on-year growth of 25% in active users[5]. - The company is focusing on expanding its market share in Southeast Asia, targeting a 20% increase in regional revenue by 2022[6]. - The company is expanding its overseas market presence, particularly in Southeast Asia, with plans to launch local versions of its self-developed products[39]. - New mobile games based on patriotic themes are in development, aiming to capitalize on the growing interest in "国潮" among younger audiences[37]. Research and Development - The company plans to invest an additional RMB 100 million in R&D for new game development, aiming to launch three new titles by the end of 2021[6]. - Research and development expenses increased by 47.45% to approximately ¥24.38 million, reflecting the company's commitment to enhancing its R&D capabilities[48]. - The company is focusing on enhancing its red-themed game products, with plans to upgrade titles like "抗战" and "亮剑" to meet diverse consumer demands[36]. Financial Health and Cash Flow - The net cash flow from operating activities improved significantly to ¥37,648,573.72, compared to a negative cash flow of ¥8,554,852.20 in the same period last year, marking a 540.08% increase[29]. - The company's total assets at the end of the reporting period were ¥996,066,276.04, a decrease of 5.53% from ¥1,054,418,691.45 at the end of the previous year[29]. - The company's cash and cash equivalents decreased by ¥58,812,000, representing a 5.30% decline compared to the previous year[57]. - The company’s total liabilities decreased by ¥67,638,700, representing a 6.05% reduction compared to the previous year[57]. Strategic Initiatives - The company is exploring potential mergers and acquisitions to enhance its competitive position in the gaming market[10]. - The company has implemented a stock incentive plan to retain key talent, aiming to reduce turnover rates by 10%[8]. - The company has established strategic partnerships with top-tier security vendors to enhance its cloud security offerings[42]. - The company plans to invest more in cloud services and expand value-added services to increase market share[94]. Compliance and Governance - The company is actively monitoring regulatory changes in the gaming industry to mitigate potential compliance risks[7]. - The company has not engaged in any non-compliance external guarantees during the reporting period[109]. - There were no significant environmental issues or administrative penalties reported during the reporting period[104]. Shareholder Information - The company has no plans to distribute cash dividends or issue bonus shares for the current fiscal year[11]. - The total number of shares outstanding remained at 263,269,300, with a slight increase in restricted shares due to the conversion of shares from departing executives[130]. - The company approved the repurchase and cancellation of 1,095,590 restricted shares during the board meeting on May 14, 2021, and the temporary shareholders' meeting on May 31, 2021[102]. Risks and Challenges - The company faced risks in the gaming business due to market competition and changing player preferences, which could impact performance[90]. - There is a risk of core personnel turnover, which could affect the company's competitive advantage in both gaming and cloud services[91]. - The cloud services sector is experiencing increased competition, which may lead to a decline in overall gross margins[92].

Financial Performance - The company's operating revenue for Q1 2021 was ¥79,875,438.03, representing a 20.29% increase compared to ¥66,399,829.54 in the same period last year[9] - Net profit attributable to shareholders was ¥7,496,626.74, up 47.34% from ¥5,088,055.82 year-on-year[9] - The net profit after deducting non-recurring gains and losses surged by 320.66% to ¥5,873,310.93 from ¥1,396,208.99 in the previous year[9] - Basic and diluted earnings per share increased by 50.00% to ¥0.03 from ¥0.02 year-on-year[9] - The company reported a significant increase in operating profit of 238.10% year-on-year, amounting to 10.8632 million yuan[20] - Total operating revenue for Q1 2021 was CNY 79,875,438.03, an increase from CNY 66,399,829.54 in the previous period[49] - Net profit for Q1 2021 was CNY 9,370,947.18, up from CNY 4,532,902.85 in the same period last year[51] - Total comprehensive income for the period was CNY 8,984,511.50, compared to CNY 3,637,351.57 in the previous period, representing a significant increase[52] Cash Flow and Assets - The net cash flow from operating activities improved significantly to ¥3,652,617.08, compared to a negative cash flow of ¥12,617,906.10 in the same period last year, marking a 128.95% increase[9] - The company's cash flow from operating activities increased by 128.95% year-on-year, attributed to higher sales collections and optimized expenditures[19] - The company's current assets decreased to CNY 376,296,467.07 from CNY 409,524,728.11, reflecting a reduction of about 8.09%[41] - Cash and cash equivalents were reported at CNY 69,864,191.67, down from CNY 109,621,446.74, indicating a decrease of approximately 36.29%[41] - The net cash flow from operating activities for the current period is ¥24,743,547.13, a decrease of 72.5% compared to ¥89,574,824.42 in the previous period[62] - Cash inflow from operating activities totaled ¥33,740,202.53, down 89.7% from ¥327,571,271.59 year-on-year[62] - The ending balance of cash and cash equivalents is ¥43,120,360.14, down from ¥31,628,468.10 in the previous period[63] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 40,273[12] - The top two shareholders, Shenzhen Baode Technology Co., Ltd. and Shenzhen Baode Investment Holdings Co., Ltd., held 12.44% and 7.27% of shares, respectively[12] - The net assets attributable to shareholders increased by 1.03% to ¥703,677,742.11 from ¥696,528,257.00 at the end of the previous year[9] Research and Development - Research and development expenses increased by 36.17% year-on-year, primarily due to increased investment in R&D[19] - Research and development expenses for Q1 2021 were CNY 10,083,042.31, compared to CNY 7,404,988.94 in the previous period, indicating increased investment in innovation[50] Investment and Projects - The company reported a total investment of RMB 76,107.27 million in fundraising, with a cumulative investment amount of RMB 77,499.46 million, showing a discrepancy of RMB 1,392.19 million due to the sale of a subsidiary[26] - The company has invested RMB 10,000 million in the "Zhuo Ye Interactive" project for web game operations and development, with an investment return of RMB 10,865 million[26] - The company achieved a 105.63% return on the "Zhongqing Ju Bao" project, with an investment of RMB 10,000 million and a return of RMB 7,394.3 million[26] - The company has allocated RMB 19.75 million of the raised funds for three projects, including RMB 8 million for game product promotion and RMB 10 million for the Zhongqing Jubao project[28] Compliance and Governance - The company has emphasized the importance of compliance with regulations and has taken measures to prevent non-operational fund occupation, reflecting a commitment to governance[40] - There were no new non-operational fund occupations by major shareholders or their affiliates during the reporting period[40] - The company had non-operating fund occupation by controlling shareholders and related parties, with a total of RMB 2.15 million occupied during the reporting period[34] Other Financial Metrics - Total operating costs for Q1 2021 were CNY 71,830,127.75, compared to CNY 70,105,701.22 in the previous period[50] - The company incurred financial expenses of CNY 613,032.95, down from CNY 1,399,908.55 in the previous period[54] - The company reported a net cash outflow from investing activities of CNY -5,463,835.42, compared to a net inflow of CNY 90,018,075.25 in the previous period[59]