Financial Performance - The company's operating revenue for the first half of 2021 was ¥499,979,597.93, representing a 14.51% increase compared to ¥436,637,248.14 in the same period last year[29]. - The net profit attributable to shareholders for the first half of 2021 was ¥69,821,900.60, a 35.43% increase from ¥51,556,440.12 in the previous year[29]. - The net profit after deducting non-recurring gains and losses was ¥63,861,011.78, which is a 55.14% increase compared to ¥41,163,242.85 in the same period last year[29]. - The net cash flow from operating activities was ¥132,971,767.49, a significant improvement of 260.39% from a negative cash flow of -¥82,907,139.52 in the previous year[29]. - The basic earnings per share for the first half of 2021 was ¥0.10, up 25.00% from ¥0.08 in the same period last year[29]. - The company's operating revenue for the reporting period was approximately ¥499.98 million, representing a year-on-year increase of 14.51% compared to ¥436.64 million in the same period last year[51]. - The company's financial expenses decreased by 20.94%, improving from a loss of ¥19.64 million to a loss of ¥15.53 million[51]. - The company's cash and cash equivalents increased by approximately ¥228.20 million, a 161.31% improvement from a decrease of ¥372.22 million in the previous year[55]. - The company reported a total revenue of 88,813,118.00 for Q1 and 65,801,947.00 for Q2, indicating a decrease in revenue[59]. Assets and Liabilities - Total assets at the end of the reporting period were ¥2,980,895,852.02, reflecting a 1.52% increase from ¥2,936,380,008.79 at the end of the previous year[29]. - The net assets attributable to shareholders increased to ¥2,446,761,532.85, a slight increase of 0.27% from ¥2,440,186,738.89 at the end of the previous year[29]. - The company's total current assets reached CNY 1,340,216,733.60, up from CNY 1,240,844,803.78 at the end of 2020, indicating an increase of about 8.0%[187]. - The total liabilities of the company were CNY 448,003,855.92, compared to CNY 405,071,711.37 at the end of 2020, marking an increase of approximately 10.6%[190]. - The company's long-term investments in equity reached CNY 41,777,075.14, compared to CNY 39,919,916.96 at the end of 2020, indicating an increase of approximately 4.6%[187]. - The company's total financial assets decreased by 11,976,085.45 during the reporting period[71]. - The company's total current liabilities were CNY 398,701,091.46, which is relatively stable compared to CNY 397,297,211.37 at the end of 2020, showing a minor increase of about 0.4%[190]. Investments and R&D - The company continues to invest in innovation and R&D, focusing on areas such as cloud gaming technology and AI applications[6]. - The company's R&D investment reached approximately ¥91.92 million, an increase of 12.47% from ¥81.73 million in the previous year[55]. - The company is focusing on innovation and R&D investment, exploring new market growth points in areas such as large-scale cloud computing and AI, with a commitment to increase R&D spending[92]. Business Strategy and Market Position - The company aims to become a leading technology platform company in China within 1-2 years, focusing on technology innovation and market transformation[39]. - The company is actively expanding its cloud computing and edge computing services, maintaining a leading position in the industry[41]. - The company maintains a leading position in the management software market with a market share exceeding 70%[49]. - The company plans to launch open PaaS and SaaS applications, leveraging its technological advantages to create valuable edge cloud products and services[48]. - The company plans to upgrade its existing edge computing products to an open platform, expanding into new industries such as rendering, gaming, and the metaverse[41]. Corporate Governance and Compliance - The company has not engaged in any significant equity or non-equity investments during the reporting period[75][76]. - The company did not distribute cash dividends or bonus shares during the reporting period, focusing on reinvestment[100]. - The company adheres to legal requirements to protect shareholder rights, ensuring equal treatment and implementing a cash dividend policy to enhance shareholder returns[108]. - The company has not faced any environmental penalties during the reporting period, indicating compliance with environmental regulations[107]. - The company has not reported any non-operating fund occupation by controlling shareholders or related parties during the reporting period[112]. Risks and Challenges - The company faces risks related to talent retention and management challenges due to its expanding scale and increasing competition in the tech industry[6]. - The company is facing risks related to talent retention in a competitive internet industry, implementing equity incentive plans and a competitive promotion system to attract and retain high-quality talent[96]. - The company plans to enhance its management and control systems to address risks associated with its expanding scale, including stricter compliance with corporate governance and improved internal controls[95]. Legal Matters - The company is involved in significant litigation, including a case against Wang Ying and others for a total claim of 1,100,000 CNY for breach of contract and 360,191.01 CNY for fixed asset payments[118]. - A judgment was made on August 19, 2021, requiring the payment of 360,191.01 CNY and transitional expenses of 705,177.2 CNY[118]. - The company has ongoing litigation regarding a 45% equity stake confirmation dispute, with a judgment requiring the transfer of shares to Wang Ying[118]. - The company is also pursuing a claim for 1,800,000 CNY against Wang Ying for unpaid equity transfer fees[122]. - A lawsuit against Beijing Chuangshi Qiji Advertising Co., Ltd. is seeking 2,407,940 CNY in contract payments and 401,588 CNY in penalties, with the defendant currently in bankruptcy proceedings[124]. Shareholder Information - The company reported a total share count of 694,287,240, with 30.31% being limited shares and 69.69% being unrestricted shares[156]. - The top ten unrestricted shareholders include Huayong with 51,354,659 shares, Li Xuehong with 18,684,132 shares, and Ningbo Meishan Bonded Port Area Lingding Investment Management Co., Ltd. with 11,879,466 shares[167]. - The total number of shares held by the top ten unrestricted shareholders is 109,802,028 shares, representing a significant portion of the company's equity[167]. - The company has not undergone any changes in its controlling shareholder or actual controller during the reporting period[171].

Financial Performance - The company's operating revenue for Q1 2021 was ¥244,825,605.14, representing a 6.50% increase compared to ¥229,874,559.92 in the same period last year[9]. - Net profit attributable to shareholders was ¥34,730,589.35, a significant increase of 40.53% from ¥24,713,225.98 year-on-year[9]. - The net profit after deducting non-recurring gains and losses was ¥31,049,697.49, up 31.04% from ¥23,694,740.41 in the previous year[9]. - Basic earnings per share increased to ¥0.05, up 25.00% from ¥0.04 in the previous year[9]. - The company reported a total comprehensive income of ¥37,742,608.07, compared to a loss of ¥16,410,152.33 in the previous period[64]. - The total net profit for the current period is 94,300,733.00, compared to 190,259,938.83 in the previous period, reflecting a decrease of approximately 50.5%[69]. - The operating profit for the current period is 95,560,860.19, down from 202,378,458.51, indicating a decline of about 52.8%[69]. Cash Flow - The net cash flow from operating activities was ¥50,615,266.07, a remarkable turnaround from a negative cash flow of ¥101,929,902.54 in the same period last year, marking a 149.66% improvement[9]. - The cash flow from operating activities generated a net amount of 50,615,266.07, a significant improvement from a net loss of 101,929,902.54 in the previous period[75]. - The company incurred a total of 301,319,312.37 in cash outflows from operating activities, down from 461,990,131.55 in the previous period, indicating a reduction of about 34.8%[75]. - The company reported a cash inflow of 120,306,760.00 from financing activities, compared to a cash outflow of 50,962,210.38 in the previous period, marking a significant turnaround[78]. - The company's investment activities generated a net cash inflow of 60,599,817.15, compared to 26,298,865.02 in the previous period, reflecting an increase of approximately 130.3%[75]. Assets and Liabilities - Total assets at the end of the reporting period were ¥3,020,163,551.66, reflecting a 2.85% increase from ¥2,936,380,008.79 at the end of the previous year[9]. - Current liabilities totaled CNY 423,623,760.13, an increase from CNY 397,297,211.37, reflecting a rise of about 6.3%[43]. - Total liabilities amounted to CNY 476,189,248.41, up from CNY 405,071,711.37, indicating an increase of around 17.5%[43]. - The company's total equity reached CNY 2,543,974,303.25, compared to CNY 2,531,308,297.42, reflecting a slight increase of about 0.5%[46]. - The total assets increased to ¥2,981,234,561.66, up by ¥44,854,552.87 from the previous year[84]. - The total liabilities rose to ¥449,926,264.24, reflecting an increase of ¥44,854,552.87 compared to the previous year[88]. Investments and Expenses - Research and development expenses were ¥46,069,562.87, slightly up from ¥45,522,320.31, showing a year-over-year increase of 1.2%[57]. - The company's trading financial assets increased by 58.78% to CNY 50.36 million from CNY 31.72 million in the previous year[24]. - The company's fixed assets increased by 44.97% to CNY 69.05 million from CNY 47.63 million in the previous year[24]. - The company's long-term deferred expenses decreased by 30.36% to CNY 34.60 million from CNY 49.69 million in the previous year[24]. - The company's cash inflow from other investment activities was ¥130,200.76, compared to ¥286,164.38 in the previous year[82]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 42,773[14]. - The company reported a retained earnings of $1.24 billion[91]. Regulatory and Accounting Changes - The company has implemented new lease accounting standards effective from 2021[94]. - The company has not undergone an audit for the first quarter report[94].

Financial Performance - The company's operating revenue for 2020 was CNY 1,044,126,473.90, a decrease of 33.59% compared to CNY 1,572,332,757.99 in 2019[21] - The net profit attributable to shareholders for 2020 was CNY 90,893,773.89, representing a 6.62% increase from CNY 85,248,853.10 in 2019[21] - The net cash flow from operating activities was negative CNY 29,071,009.58, a decline of 110.49% compared to CNY 277,070,397.62 in 2019[21] - The basic earnings per share remained at CNY 0.13, unchanged from 2019[21] - Total assets at the end of 2020 were CNY 2,936,380,008.79, a decrease of 14.85% from CNY 3,448,296,985.76 at the end of 2019[21] - The company reported a significant increase of 90.67% in net profit attributable to shareholders after deducting non-recurring gains and losses, amounting to CNY 81,238,042.11 in 2020[21] - The weighted average return on net assets for 2020 was 3.63%, an increase of 0.38% from 3.25% in 2019[21] - The net profit attributable to shareholders of the listed company was CNY 24,713,225.98, a decrease of 25,862,039.45 compared to the previous period[24] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 23,694,740.41, an increase of 35.5% compared to the previous period[24] - The net cash flow from operating activities was -CNY 101,929,902.54, a significant decline compared to CNY 19,022,763.02 in the previous period[24] Revenue Breakdown - Revenue from the computer application service industry was CNY 957,484,055.54, accounting for 91.70% of total revenue, down 33.00% from CNY 1,429,001,789.89 in 2019[59] - The gaming media industry generated CNY 86,642,418.36, representing 8.30% of total revenue, a decline of 39.55% from CNY 143,330,968.10 in 2019[62] - Revenue from online advertising and value-added services was ¥522,833,254.36, down 26.48% year-over-year, with a gross margin of 56.60%[68] - The gaming business generated ¥400,641,819.32 in revenue, reflecting a 33.76% decline year-over-year, with a gross margin of 68.97%[68] - Total revenue from domestic operations was ¥1,042,691,925.34, a decrease of 33.62% year-over-year, with a gross margin of 61.67%[68] Business Strategy and Development - The company is focusing on the development of a high-performance cloud computing platform based on edge computing technology[35] - The company has expanded its business into cloud gaming services, leveraging its existing technology and user base[36] - The company aims to enhance user experience through big data and artificial intelligence applications in the entertainment sector[35] - The company aims to transition from B2B to B2C business models, enhancing user engagement and service monetization through a comprehensive entertainment service ecosystem[56] - The company is focusing on developing new products and technologies to enhance its market position and expand its service offerings[56] - The company plans to enhance its edge cloud computing network centered around GPU computing, focusing on low-latency and high-performance cloud services for industries like gaming and VR[111] - The company is committed to continuous innovation in its cloud platform, focusing on providing rich entertainment content and a sustainable online environment for users[112] - The company plans to launch an open PaaS and SaaS layer application in the future, enhancing its product matrix in cloud gaming and related services[111] Legal and Compliance Issues - The company has not faced any delisting situations or bankruptcy restructuring matters during the reporting period[143] - The company has not reported any non-operating fund occupation by controlling shareholders or related parties[143] - The company is currently involved in multiple lawsuits, including a claim for CNY 4,400,887.7 against individuals related to a share transfer dispute, with ongoing enforcement actions[146] - The company has faced multiple lawsuits with no available executory assets from defendants, indicating potential challenges in recovering awarded amounts[146] - The company is actively involved in legal proceedings related to service contracts and shareholder responsibilities, reflecting ongoing operational risks[146] Investment and Financial Management - The company reported a government subsidy income of ¥35,936,235.87, which accounted for 22.50% of total profit, indicating a reliance on non-operating income sources[86] - The total investment amount for the reporting period was ¥259,460,100, representing a 58.98% increase compared to ¥163,207,462.81 in the same period last year[95] - The company made a new equity investment of ¥70,000,000 in Hangzhou Hou Dashun Network Equity Investment Partnership, holding a 49.79% stake[95] - The acquisition of Anhui Xingyun Network Technology Co., Ltd. involved an investment of ¥50,000,000, resulting in a 60% ownership stake[95] - The company confirmed an investment income of 3,142.26 million yuan from the transfer of equity in a subsidiary during the reporting period[170] Employee and Corporate Governance - The company has implemented an employee stock ownership plan approved by the board on February 18, 2021, and by the shareholders on March 9, 2021[166] - The number of R&D personnel increased to 652, accounting for 44.38% of the total workforce[82] - The company has not engaged in any related party transactions during the reporting period[171] - The company has not faced any penalties or rectification issues during the reporting period[164] Social Responsibility - The company donated 10 million yuan to support the fight against the COVID-19 pandemic[189] - The company has not conducted any poverty alleviation work during the reporting year[190] - The company is not classified as a key pollutant discharge unit by environmental protection authorities[196]

Financial Performance - Operating revenue for the reporting period was CNY 358,756,738.62, down 26.97% year-on-year, while year-to-date revenue was CNY 795,393,986.76, a decrease of 34.74%[9] - Net profit attributable to shareholders was CNY 65,199,373.22, a decline of 50.95% compared to the same period last year, with year-to-date net profit at CNY 116,755,813.34, down 66.53%[9] - Basic earnings per share for the reporting period were CNY 0.10, a decrease of 50.00% year-on-year, with diluted earnings per share also at CNY 0.10[9] - The company's operating revenue for Q3 2020 was ¥795,393,986.76, a decrease of 34.74% compared to ¥1,218,810,132.76 in the same period last year, primarily due to the impact of the pandemic on business volume[28] - The company's total comprehensive income for the current period is ¥101,302,848.67, compared to ¥453,704,577.15 in the previous period, a decrease of approximately 77.7%[81] Cash Flow - The net cash flow from operating activities was CNY 26,680,353.27, down 70.71% compared to the same period last year[9] - The net cash flow from operating activities was -¥56,226,786.25, a decline of 126.53% from ¥211,919,114.66 in the previous year, due to reduced cash receipts from sales[28] - Cash flow from operating activities shows a net outflow of ¥56,226,786.25, contrasting with a net inflow of ¥211,919,114.66 in the previous period[90] - Cash flow from financing activities shows a net outflow of ¥308,793,753.86, compared to a net outflow of ¥674,005,487.71 in the previous period[93] Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,025,902,761.63, a decrease of 12.25% compared to the end of the previous year[9] - The total assets as of September 30, 2020, were ¥1,639,080,857.00, down from ¥1,958,916,310.16 at the end of 2019[39] - The company's total equity decreased from CNY 2,663,620,318.66 to CNY 2,579,497,017.64, a decrease of approximately 3.2%[48] - The company's total liabilities decreased from CNY 784,676,667.10 to CNY 446,405,743.99, a reduction of approximately 43.1%[45] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 48,902, with the largest shareholder holding 40.36% of the shares[13] - The company’s major shareholder, Hua Yong, holds 40.36% of the shares, with a total of 280,191,727 shares[13] - The company did not engage in any repurchase transactions among the top ten shareholders during the reporting period[17] Other Income and Expenses - The company reported non-operating income and expenses, including government subsidies amounting to CNY 25,128,698.06[9] - Other income increased by 278.17% to ¥17,719,936.32, attributed to higher government subsidies related to daily activities[28] - The company’s investment income for the current period is ¥2,272,881.52, an increase from ¥1,860,177.89 in the previous period[60] Research and Development - Research and development expenses for the current period are ¥45,988,727.44, slightly down from ¥46,796,988.70 in the previous period[60] - The company reported a significant increase in research and development expenses, totaling ¥127,717,986.33, compared to ¥128,893,631.86 in the previous period, a slight decrease of about 0.9%[74]

Financial Performance - The company's operating revenue for the first half of 2020 was ¥436,637,248.14, a decrease of 39.99% compared to ¥727,557,642.48 in the same period last year[23]. - The net profit attributable to shareholders was ¥51,556,440.12, down 76.12% from ¥215,863,665.43 in the previous year[23]. - The net cash flow from operating activities was -¥82,907,139.52, a decline of 168.62% compared to ¥120,823,447.03 in the same period last year[23]. - Basic earnings per share decreased by 74.19% to ¥0.08 from ¥0.31 in the previous year[23]. - Total assets at the end of the reporting period were ¥2,996,049,326.85, down 13.12% from ¥3,448,296,985.76 at the end of the previous year[23]. - The net assets attributable to shareholders decreased by 4.47% to ¥2,442,976,734.23 from ¥2,557,326,597.48 at the end of the previous year[23]. - The weighted average return on net assets was 2.01%, down from 7.08% in the previous year[23]. - The company achieved operating revenue of CNY 43,663,724.14, a decrease of 39.99% compared to the previous year due to the impact of the pandemic and increased investment in new business development[48]. - The net profit attributable to shareholders was CNY 5,155,640.00, down 76.12% year-on-year, reflecting the challenges faced during the reporting period[48]. - Revenue from online advertising and value-added services was ¥228,016,214.50, down 30.13% year-over-year, with a gross margin of 56.77%[60]. - Game business revenue fell by 47.28% to ¥190,007,011.95, with a gross margin of 85.59%[60]. Cash Flow and Investments - The net cash flow from investing activities decreased by 93.41% to ¥19,779,797.61, primarily due to the recovery of large financial investments in the same period last year[60]. - The net cash flow from financing activities improved by 45.17% to -¥309,393,753.86, mainly due to a decrease in minority equity transfer payments compared to the previous period[60]. - The net increase in cash and cash equivalents was -¥372,221,946.79, a decline of 159.40%, attributed to decreased business volume and operating cash flow[60]. - The total investment during the reporting period was 27,643,000.00, a significant decrease of 92.60% compared to the previous year[80]. Technology and Innovation - The company has developed a complete ToB cloud computing and ToC cloud gaming service system, leveraging edge computing technology to enhance user experience[36]. - The company is focusing on technological innovation and has maintained a leading edge in several key technologies, including virtual disk and cloud system read-write separation technology[41]. - The company is committed to enhancing its research and development capabilities, ensuring high-intensity investment and output in technology innovation[41]. - The company is focusing on big data and artificial intelligence to enhance user experience in the entertainment sector, with significant progress in user profiling and personalized product development[54]. - The company is developing a "Zero Trust Architecture" network security system to address internal network protection needs, integrating security capabilities across various layers including devices, networks, and applications[98]. - The company emphasizes the importance of new technologies like 5G and Wifi6 in driving the growth of the cloud computing and gaming industries[95]. User Engagement and Market Position - The total number of active users reached 18,277,730 by the end of Q2 2020, with 596,317 new users added during the same quarter[55]. - The company’s management software market share exceeds 70%, maintaining the leading position in the industry[48]. - The company has initiated internal testing of the "Shunwang Cloud Play" cloud gaming product, leveraging edge computing and cloud service technologies[49]. - The upgraded Shunwang Yunhai platform offers a one-stop entertainment service, integrating gaming, e-commerce, film, live streaming, music, and animation[50]. - The company is expanding its market presence and product offerings to adapt to the evolving demands of the cloud gaming and entertainment landscape[48]. Risks and Challenges - The company faces risks related to technology and innovation, management and control due to scale expansion, and potential loss of core talent[6]. - Management and control risks are heightened due to the company's expanding scale, necessitating improved governance and risk control measures[103]. - The COVID-19 pandemic has significantly impacted the company's revenue and profits from game promotion services, with expectations for recovery in Q3-Q4 2020 if the situation improves[107]. Legal Matters - The company has no significant litigation or arbitration matters during the reporting period[117]. - The amount involved in the litigation with Beijing Youbiao Technology Co., Ltd. is 6.851 million yuan, currently under trial[117]. - The company is involved in multiple lawsuits, including a claim for 2,007,940 yuan against Beijing Chuangshi Qiji Advertising Co., Ltd.[122]. - Another lawsuit involves a claim for 1,616,100 yuan against Chengdu Jisheng Technology Co., Ltd.[122]. - The company is also pursuing a bankruptcy claim against Beijing Xiakexing Network Technology Co., Ltd. for 1,114,142 yuan[122]. - The company has initiated a lawsuit for 3.6 million yuan against Beijing Kuyu Tong Technology Co., Ltd. related to a service contract dispute[126]. - The company is currently involved in various legal proceedings, with some cases awaiting trial and others in execution[126]. Shareholder Information - The company reported a total share count of 694,287,240, with 30.32% being limited shares and 69.68% being unrestricted shares[169]. - The largest shareholder, Hua Yong, holds 40.36% of the shares, totaling 280,191,727 shares, with 210,143,795 shares being subject to lock-up[173]. - The top ten unrestricted shareholders hold a total of 280,704,602 shares, with the largest shareholder, Hua Yong, owning 70,047,932 shares, accounting for approximately 24.93% of the total[178]. - The company has not experienced any changes in its controlling shareholder or actual controller during the reporting period[185]. Corporate Governance - The company has initiated a first employee stock ownership plan, which was completed in 2020[143]. - There were no significant related party transactions during the reporting period[144]. - The company reported no major contracts or guarantees during the reporting period[151]. - The report indicates that there were no new strategic investments or mergers and acquisitions during the reporting period[171].

Financial Performance - The company's operating revenue for 2019 was ¥1,572,332,757.99, a decrease of 20.78% compared to ¥1,984,862,605.83 in 2018[21] - The net profit attributable to shareholders for 2019 was ¥85,248,853.10, down 73.50% from ¥321,645,075.36 in 2018[21] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥42,607,439.79, a decline of 85.37% compared to ¥291,320,145.36 in 2018[21] - The net cash flow from operating activities was ¥277,070,397.62, a decrease of 56.25% from ¥633,342,353.07 in 2018[21] - Basic earnings per share for 2019 were ¥0.13, down 71.74% from ¥0.46 in 2018[21] - The total assets at the end of 2019 were ¥3,448,296,985.76, a decrease of 11.26% from ¥3,885,770,834.68 at the end of 2018[21] - The net assets attributable to shareholders at the end of 2019 were ¥2,557,326,597.48, down 13.18% from ¥2,945,650,077.82 at the end of 2018[21] - The weighted average return on net assets for 2019 was 3.25%, a decrease of 7.54% from 10.79% in 2018[21] Revenue Breakdown - Total revenue for Q1 was ¥394,151,106.70, Q2 was ¥333,406,535.78, Q3 was ¥491,252,490.28, and Q4 was ¥353,522,625.23[22] - Net profit attributable to shareholders for Q1 was ¥117,639,924.88, Q2 was ¥98,223,740.55, Q3 was ¥132,931,001.33, and Q4 showed a loss of ¥263,545,813.66[22] - Revenue from online advertising and value-added services was 711,117,960.97 CNY, representing 45.23% of total revenue[66] - The gaming business generated revenue of ¥604,870,519.39, accounting for 38.47% of total revenue, with a year-over-year decline of 17.10%[70] - Domestic revenue reached ¥1,570,726,068.39, representing 99.90% of total revenue, down 20.75% compared to the previous year[70] - The total revenue from the exhibition business was ¥143,330,968.10, which is 9.12% of total revenue, also down 17.78% year-over-year[70] Product and Service Development - The company launched "cloud computer" and "cloud gaming" applications based on edge computing technology in 2019[37] - The company has expanded its advertising business to provide personalized advertising services through its technology platform[38] - The company launched high-performance cloud computer products and cloud gaming solutions, enhancing its cloud service capabilities[57] - The upgraded Shunwang Yunhai platform provides a one-stop entertainment service, focusing on user needs and leveraging big data analysis[58] - The company plans to expand its product line from PC to mobile, increasing service scenarios and business coverage[46] - The company is focusing on big data and artificial intelligence to enhance user experience in the entertainment sector[62] Research and Development - The company has made significant progress in research and development, particularly in edge computing and cloud services, aiming to reach international advanced levels[45] - The company has a total of 18 authorized patents, enhancing its competitive edge in technology innovation[49][52] - Research and development expenses reached ¥236,239,471.13, which is 15.02% of the operating revenue, an increase from 11.55% in the previous year[85] - The number of R&D personnel decreased to 639, representing 41.07% of the total workforce[85] Risk Management and Challenges - The company faces risks related to technology and innovation, management and control due to scale expansion, and potential loss of core talent[6] - The company acknowledges potential risks in technology and innovation, emphasizing the need for continuous investment in R&D to mitigate these risks[126] - The company recognizes the increasing risk of core talent loss due to intensified competition in the internet sector and is prioritizing talent retention strategies[131] Shareholder and Dividend Information - The company plans to distribute a cash dividend of ¥1.9 per 10 shares to all shareholders, based on a total of 694,287,240 shares[6] - The company distributed cash dividends of RMB 128,431,543.48, amounting to RMB 1.9 per 10 shares, with a total cash dividend including other methods of RMB 311,107,477.69, representing 150.65% of the net profit attributable to ordinary shareholders[136] - The total number of shares for cash dividend distribution was 675,955,492 after deducting treasury shares of 18,331,748 from the total share capital of 694,287,240[136] Legal and Compliance Matters - The company faced a lawsuit regarding a software development contract, with an amount involved of 6,850,952.88 yuan, currently under jurisdiction dispute[162] - A settlement was reached in a case with Jiangsu Guorui Xinan Technology Co., with a total claim of 2,885,561 yuan, and the settlement amount of 1.6 million yuan has been received[162] - The company has ensured compliance with information disclosure obligations as per relevant laws and regulations[150] - The company has not engaged in any non-operating fund occupation by controlling shareholders or related parties during the reporting period[152] Market Position and Competition - The company has maintained a leading advantage in several key technologies, including core technologies for three-layer updates and virtual disk systems[42] - The company's management software holds over 70% market share, ranking first in the industry and accumulating a large base of reputable clients[46] - The company is focusing on expanding its market presence in the mobile sector while consolidating its advantages in the PC segment[84] Social Responsibility - The company emphasizes its commitment to social responsibility, focusing on economic and environmental sustainability[185] - The company did not undertake any poverty alleviation initiatives during the reporting year[186] - The company is not classified as a key pollutant discharge unit by environmental protection authorities[193]

Financial Performance - Total revenue for Q1 2020 was ¥229,874,559.92, a decrease of 41.68% compared to ¥394,151,106.70 in the same period last year[9] - Net profit attributable to shareholders was ¥24,713,225.98, down 78.99% from ¥117,639,924.88 year-on-year[9] - Basic earnings per share decreased by 76.47% to ¥0.04 from ¥0.17 in the same period last year[9] - The total operating revenue for the reporting period was CNY 229.87 million, a decrease of 41.68% compared to CNY 394.15 million in the same period last year, primarily due to the impact of the COVID-19 pandemic[30] - The net profit attributable to ordinary shareholders of the listed company was CNY 24.71 million, down 78.99% from CNY 117.64 million year-on-year, largely due to a significant decline in business revenue and a donation of CNY 11.46 million for pandemic relief[30] - The net profit for the current period is 190,259,938.83, an increase from 187,736,404.36 in the previous period, reflecting a growth of approximately 1.36%[69] - The total profit amount is reported at 192,378,550.68, compared to 189,726,682.52 in the previous period, indicating a slight increase of about 0.91%[69] - The operating profit for the current period stands at 202,378,458.51, up from 189,617,913.41, showing an increase of approximately 6.67%[69] - The company reported a total comprehensive income of CNY -16,410,152.33 for the current period, compared to CNY 207,514,288.02 in the previous period[65] - The total comprehensive income for the current period is 136,965,551.50, down from 251,649,201.69 in the previous period, reflecting a decrease of about 45.70%[72] Cash Flow - Net cash flow from operating activities was -¥101,929,902.54, a decline of 524.29% compared to ¥24,023,565.31 in the previous year[9] - The cash flow from operating activities has decreased to -101,929,902.54 from 24,023,565.31, indicating a significant decline in cash flow[73] - The company reported cash inflows from operating activities totaling 360,060,229.01, compared to 563,696,348.81 in the previous period, indicating a decrease of about 36.1%[73] - The cash outflow from operating activities is reported at 461,990,131.55, compared to 539,672,783.50 in the previous period, showing a decrease of approximately 14.4%[73] - The net cash flow from investment activities was 227,389,849.15 CNY, a decrease from 348,990,055.15 CNY in the previous period, indicating a decline of approximately 34.7%[82] - The net increase in cash and cash equivalents for the period was 178,824,564.46 CNY, compared to 271,560,679.35 CNY in the previous period, reflecting a decrease of about 34.2%[82] - The ending balance of cash and cash equivalents was 827,869,863.16 CNY, up from 649,045,298.70 CNY at the beginning of the period, showing an increase of approximately 27.6%[82] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,205,595,779.15, a decrease of 7.04% from ¥3,448,296,985.76 at the end of the previous year[9] - Net assets attributable to shareholders were ¥2,536,091,229.01, down 0.83% from ¥2,557,326,597.48 at the end of the previous year[9] - The company's total liabilities amount to CNY 698,243,375.76, compared to CNY 801,152,561.28 in the previous period, indicating a reduction of 12.9%[55] - Total liabilities decreased from ¥784,676,667.10 to ¥602,002,123.86, a decline of about 23.25%[45] - Current liabilities decreased from ¥764,450,711.76 to ¥588,885,600.85, a reduction of approximately 22.98%[45] - The company's cash and cash equivalents increased from ¥722,790,573.72 to ¥867,775,644.04, an increase of approximately 20.06%[49] - The company's retained earnings increased from ¥1,634,376,028.28 to ¥1,666,434,953.61, an increase of approximately 1.96%[48] - The total equity attributable to shareholders decreased from ¥2,557,326,597.48 to ¥2,536,091,229.01, a decline of about 0.83%[48] Operational Highlights - The company actively implemented pandemic prevention measures and launched free cloud gaming services to mitigate losses caused by the pandemic[30] - The company did not conduct any repurchase transactions among the top ten shareholders during the reporting period[18] - There were no significant new product launches or technological developments mentioned in the report[9] - The company plans to enhance market expansion efforts and invest in new product development to drive future revenue growth[64] Other Financial Information - The company reported non-operating income of ¥1,018,485.57, primarily from government subsidies and other income[9] - The company’s investment income showed a loss of CNY 3.28 million, a 256.32% increase in losses compared to a loss of CNY 0.92 million in the previous year[26] - Other income surged by 2626.51% to CNY 7.93 million from CNY 0.29 million, primarily due to increased government subsidies related to daily activities[26] - The company did not undergo an audit for the first quarter report, which may affect the reliability of the financial data presented[86] - The company has not applied the new revenue and leasing standards for the current year, indicating a potential area for future compliance and adjustment[84] - The company has reported a significant increase in the payment of dividends, totaling 50,000,000.00 compared to 147,800,000.00 in the previous period, indicating a reduction of about 66.3%[79]

Financial Performance - Net profit attributable to shareholders decreased by 9.14% to CNY 132,931,001.33 for the reporting period[9]. - Operating revenue for the reporting period was CNY 491,252,490.28, down 7.22% year-on-year[9]. - Basic earnings per share decreased by 4.76% to CNY 0.20 for the reporting period[9]. - The weighted average return on equity was 4.94%, a decrease of 2.27% compared to the same period last year[9]. - The company reported a 20.54% decrease in total operating revenue for the year-to-date period, totaling CNY 1,218,810,132.76[9]. - The net profit attributable to shareholders for the year-to-date period was CNY 348,794,666.76, down 20.43% year-on-year[9]. - Total operating revenue for the current period was ¥491,252,490.28, a decrease of 7.2% compared to ¥529,453,479.54 in the previous period[58]. - Net profit for the current period was ¥141,706,602.40, down 31.6% from ¥207,146,762.71 in the previous period[61]. - Total operating revenue for the year-to-date period is ¥1,218,810,132.76, down 20.5% from ¥1,533,805,966.90 in the previous year[76]. - Operating profit for the year-to-date period is ¥456,035,921.73, down 23.2% from ¥593,656,983.59 in the previous year[79]. - Net profit attributable to the parent company for the year-to-date period is ¥348,794,666.76, a decrease of 20.5% from ¥438,326,244.35 in the previous year[79]. Assets and Liabilities - Total assets decreased by 9.88% to CNY 3,501,729,722.17 compared to the end of the previous year[9]. - The company’s net assets attributable to shareholders decreased by 6.61% to CNY 2,751,030,341.80 compared to the end of the previous year[9]. - Total assets decreased from CNY 3,885,770,834.68 to CNY 3,501,729,722.17, a decline of approximately 9.8%[41]. - Non-current assets increased from CNY 1,662,375,842.32 to CNY 1,745,966,491.00, an increase of about 5.0%[41]. - Current liabilities decreased from CNY 770,893,619.37 to CNY 625,981,293.37, a reduction of approximately 18.8%[44]. - Total liabilities decreased from CNY 787,283,395.90 to CNY 643,812,556.71, a decrease of about 18.2%[44]. - The company's equity attributable to shareholders decreased from CNY 2,945,650,077.82 to CNY 2,751,030,341.80, a decline of approximately 6.6%[47]. - Total liabilities increased to ¥725,638,693.72, compared to ¥618,497,845.89 in the previous period, reflecting a growth of 17.3%[57]. - Total equity increased to ¥2,579,925,304.17, up 11.7% from ¥2,309,994,576.69 in the previous period[57]. Cash Flow - Net cash flow from operating activities decreased by 49.94% to CNY 211,919,114.66 compared to the same period last year[9]. - Cash flow from operating activities fell by 49.94% to ¥211,919,114.66 from ¥423,349,548.55 year-on-year[29]. - Cash flow from investing activities increased significantly by 691.48% to ¥297,068,487.58 from -¥50,224,489.87 in the previous year[29]. - Cash flow from financing activities decreased by 191.52% to -¥674,005,487.71 from -¥231,203,518.76 year-on-year, primarily due to stock buybacks[29]. - Cash received from operating activities was ¥644,827,488.89, down from ¥898,268,193.84 year-over-year[103]. - Cash outflow from financing activities totaled ¥504,128,487.71, compared to ¥195,219,316.24 in the previous period[106]. - The net cash flow from financing activities was -¥504,128,487.71, worsening from -¥191,203,518.76 year-over-year[106]. Inventory and Investments - Inventory increased to ¥46,939,318.22, a 114.47% rise compared to ¥21,885,775.90 in the previous year[26]. - Long-term equity investments surged by 301.09% to ¥47,318,442.96 from ¥11,797,582.65 in the previous year[26]. - The company achieved a net investment income of ¥335,818,281.83, up from ¥184,098,067.01 in the previous period[87]. Research and Development - Research and development expenses for the current period were ¥46,796,988.70, an increase of 29.5% from ¥36,109,194.92 in the previous period[58]. - Research and development expenses increased to ¥18,213,692.67, up 8.5% from ¥16,784,926.78 in the previous period[70]. - Research and development expenses for the current period are ¥52,819,411.14, slightly down from ¥53,269,328.07 in the previous period[87]. Other Financial Metrics - Non-recurring gains and losses amounted to CNY 17,518,715.27 for the reporting period[10]. - Other comprehensive income improved by 95.10%, reaching -¥2,662,706.07 compared to -¥54,360,754.94 in the previous year[26]. - The total comprehensive income for the current period was ¥164,041,225.37, compared to ¥162,949,269.77 in the previous period, showing a slight increase[65]. - Total comprehensive income for the current period is ¥45,704,824.34, compared to a loss of ¥1,117,535.95 in the previous period[73]. Company Strategy - The company plans to expand its market presence and invest in new technologies to drive future growth[50]. - The company is focusing on enhancing its product offerings and exploring potential mergers and acquisitions to strengthen its competitive position[50].

1 证券代码：300113 证券简称：顺网科技 公告编号：2019-069 杭州顺网科技股份有限公司 关于参加浙江辖区上市公司投资者网上集体接待日活动的公告 本公司及其董事会全体人员保证信息披露的内容真实、准确和完整，没 有虚假记载、误导性陈述或者重大遗漏。 为进一步加强与投资者的沟通交流，杭州顺网科技股份有限公司（以下简称 "公司"）将参加由浙江证监局指导、浙江上市公司协会与深圳市全景网络有限 公司共同举办的"沟通促发展 理性共成长"辖区上市公司投资者网上集体接待 日主题活动，现将有关事项公告如下： 本次投资者网上集体接待日活动将通过深圳市全景网络有限公司提供的网 上平台举行，投资者可以登录"全景·路演天下"网站（http://rs.p5w.net）参与 公司本次投资者网上接待日活动。网上互动交流时间为 2019 年 11 月 5 日（星 期二）下午 15:30-17:00。 届时公司董事长兼总经理华勇先生、财务总监李德宏先生、董事会秘书蔡祝 平先生及相关工作人员将采用网络远程方式，与投资者就公司治理、发展战略、 经营情况、可持续发展等投资者所关心的问题进行沟通。 欢迎广大投资者积极参与。 特此公告。 杭州 ...

Financial Performance - Total revenue for the first half of 2019 was CNY 727,557,642.48, a decrease of 27.56% compared to CNY 1,004,352,487.36 in the same period last year[24]. - Net profit attributable to shareholders was CNY 215,863,665.43, down 26.08% from CNY 292,015,653.00 year-on-year[24]. - Basic earnings per share were CNY 0.31, a decline of 26.19% from CNY 0.42 in the same period last year[24]. - The company's revenue for the reporting period was RMB 727.56 million, a decrease of 27.56% compared to RMB 1,004.35 million in the same period last year[60]. - Net profit for the reporting period was RMB 21.59 million, down 26.08% from the previous year[53]. - The company's operating costs decreased by 39.83% to RMB 223.55 million, primarily due to declines in traditional advertising and gaming business[60]. - Total revenue from online advertising and value-added services was ¥326,320,627.58, down 40.59% year-over-year, with a gross margin of 50.53%[65]. - Game business revenue was ¥360,389,006.13, down 11.88% year-over-year, with a gross margin of 88.92%[65]. Cash Flow and Assets - Net cash flow from operating activities decreased by 55.07% to CNY 120,823,447.03, compared to CNY 268,892,623.08 in the previous year[24]. - The proportion of cash and cash equivalents to total assets was 42.94%, slightly down from 43.18% in the previous year[69]. - As of June 30, 2019, the company's cash and cash equivalents amounted to RMB 1,494,047,663.48, a decrease of 8.5% from RMB 1,632,508,206.89 at the end of 2018[174]. - Accounts receivable decreased to RMB 154,735,256.29 from RMB 180,208,498.89, reflecting a decline of approximately 14.1%[174]. - Prepayments increased significantly to RMB 13,679,113.61, up from RMB 7,679,557.71, indicating a growth of 78.8%[174]. - Total assets at the end of the reporting period were CNY 3,479,034,336.64, down 10.47% from CNY 3,885,770,834.68 at the end of the previous year[24]. - The company's equity attributable to shareholders decreased from 2,945,650,077.82 to 2,649,428,961.83, a decline of about 10%[199]. Investments and Innovations - The company has established over 100 cloud computing POP nodes across 55 cities in 19 provinces, connecting approximately 1,900 internet cafes and nearly 170,000 terminals[54]. - The company has filed for 10 new patents, focusing on data protection and cloud gaming technologies[49]. - R&D investment increased by 3.79% to ¥82,096,643.16, indicating continued focus on innovation[64]. - The company is focusing on continuous product and service innovation to keep pace with rapid technological advancements in the internet industry[95]. - The company aims to enhance its core competitiveness and sustainable profitability through strategic adjustments and new product deployments[53]. Market Position and Strategy - The company holds over 70% market share in management software for internet cafes, solidifying its leading position in the industry[44]. - The company is leveraging 5G technology to enhance its cloud gaming solutions, providing esports-level performance with 144 FPS and 2K resolution[43]. - The company is expanding its advertising services to mobile platforms, capitalizing on the growing internet user base and demand for personalized advertising[38]. - The company aims to extend its product offerings from PC to mobile platforms, enriching user service scenarios and increasing business coverage[44]. Shareholder and Corporate Governance - The company plans not to distribute cash dividends or issue bonus shares[7]. - The annual shareholders' meeting had a participation rate of 43.66% on May 28, 2019[98]. - The company has not engaged in any significant asset or equity sales during the reporting period[87][88]. - The company has not faced any penalties or corrective actions during the reporting period[110]. - The company has not reported any environmental violations during the reporting period[126]. Risks and Challenges - The company faces risks related to technology and innovation, management and control due to scale expansion, and potential loss of core talent[6]. - The company is committed to complying with national internet regulations to mitigate risks associated with industry policies and market supervision[95].