杭州顺网科技股份有限公司投资者关系活动记录表 证券代码：300113 证券简称：顺网科技 | --- | --- | --- | |-----------------------------|-------------------------------------------------|-----------------------------------------------------------------------------------------------------------| | | | | | | □特定对象调研 | □分析师会议 | | | □媒体采访 □业绩说明会 | | | 投资者关系 活动类别 | □新闻发布会 □路演活动 | | | | □现场参观 | | | | √其他（电话调研） | | | | 海南鑫焱 陈洪，上投摩根 | 赵隆隆，华安基金 张杰伟， | | 参与单位名称 | 名禹资产 刘宝军，明河投资 | 王蒙，安信基金 林乐天， | | 及人员姓名 | 上海雅策 毛志鹏，至高基金 天贝合资产 赵律相 | 焦庆，尚近投资 赵俊， 、石新、何岸林 | | 会议日期 ...

Financial Performance - The company's revenue for Q3 2022 was ¥313,428,323.91, a decrease of 16.95% compared to the same period last year[6]. - Net profit attributable to shareholders was ¥19,263,658.64, down 77.40% year-on-year[6]. - The net profit after deducting non-recurring gains and losses was ¥17,177,117.27, reflecting a decline of 78.68% compared to the previous year[6]. - The basic earnings per share for the period was ¥0.03, a decrease of 76.92% year-on-year[6]. - Operating revenue for the third quarter of 2022 was ¥826,808,000.78, a decrease of 5.76% compared to ¥877,394,645.51 in the same period last year[42]. - Net profit for the third quarter of 2022 was ¥86,578,485.55, down from ¥178,138,338.07, representing a decline of approximately 51.39%[45]. - The net profit from continuing operations for the current period is approximately ¥86.58 million, a decrease from ¥178.14 million in the previous period, representing a decline of about 51.4%[49]. - The net profit attributable to shareholders of the parent company is approximately ¥66.04 million, down from ¥155.05 million, reflecting a decrease of about 57.5%[49]. - The total comprehensive income for the current period is approximately ¥77.68 million, compared to ¥164.19 million in the previous period, indicating a decline of about 52.7%[49]. - The basic and diluted earnings per share for the current period are both ¥0.10, down from ¥0.23 in the previous period, a decrease of approximately 56.5%[49]. Assets and Liabilities - The total assets at the end of the period were ¥2,857,568,457.21, down 4.20% from the end of the previous year[6]. - As of September 30, 2022, total current assets decreased to ¥1,355,664,438.48 from ¥1,547,446,181.96 on January 1, 2022, representing a decline of approximately 12.38%[33]. - The company's total non-current assets increased to ¥1,501,904,018.73 from ¥1,435,479,851.43, marking an increase of about 4.66%[36]. - The company's total liabilities decreased to ¥396,190,256.19 from ¥497,975,678.64, a reduction of approximately 20.38%[41]. - Accounts payable increased to ¥74,128,164.62 from ¥59,199,984.37, reflecting an increase of approximately 25.19%[39]. Cash Flow - The net cash flow from operating activities was ¥76,998,071.54, a decrease of 57.68% compared to the same period last year[15]. - Cash inflows from operating activities total approximately ¥962.97 million, a decrease from ¥1,019.12 million in the previous period, representing a decline of about 5.5%[52]. - The net cash flow from operating activities is approximately ¥76.99 million, down from ¥181.94 million, indicating a decrease of about 57.6%[52]. - Cash outflows from investing activities amount to approximately ¥215.65 million, compared to ¥233.91 million in the previous period, showing a decrease of about 7.8%[55]. - The net cash flow from investing activities is approximately -¥69.58 million, a significant decline from ¥30.01 million in the previous period[55]. - The cash and cash equivalents at the end of the period stand at approximately ¥1.19 billion, down from ¥975.94 million at the end of the previous period[55]. - The company's cash and cash equivalents decreased to ¥1,190,762,618.35 from ¥1,293,680,792.77, a decline of about 7.97%[33]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 44,286[17]. - The largest shareholder, Hua Yong, holds 35.76% of the shares, totaling 248,271,762 shares[17]. - The company repurchased a total of 3,248,900 shares, accounting for approximately 0.47% of the total share capital[29]. - The maximum transaction price during the share repurchase was 14.55 CNY per share, with a total transaction amount of 38,169,268.20 CNY[29]. - The company launched its 2022 employee stock ownership plan, which was approved on July 18, 2022[26]. Business Development - The company reported a significant increase in investment income of 209.61%, amounting to ¥9,387,730.01[12]. - The company experienced a 49.92% decrease in trading financial assets, totaling ¥10,244,582.67[12]. - The company reported a 90.45% increase in fixed assets, amounting to ¥130,147,328.96, primarily due to the purchase of an office building[12]. - The number of active terminals in the esports hotel channel increased by 13.70% quarter-over-quarter and 45.60% year-over-year[25]. - The number of users in esports hotel scenarios grew by 48.40% year-over-year[25]. - The gross profit from value-added services in the esports hotel channel increased by 33% year-over-year[25]. - The 2022 ChinaJoy online exhibition was held in the MetaCJ metaverse, attracting over 100 well-known companies[25]. - The company aims to create immersive entertainment experiences across various fields, including local services, cloud services, and the metaverse[25]. Other Information - The report for the third quarter is unaudited, indicating that the financial results have not undergone an external audit process[58]. - Research and development expenses for the third quarter were ¥142,517,942.91, up from ¥136,772,391.76, indicating an increase of about 4.43%[44]. - Total operating costs rose to ¥744,336,201.08 from ¥673,008,651.69, indicating an increase of about 10.59%[44].

Financial Performance - The company's operating revenue for the first half of 2022 was ¥513,379,676.87, representing a 2.68% increase compared to ¥499,979,597.93 in the same period last year[29]. - The net profit attributable to shareholders was ¥46,775,131.25, a decrease of 33.01% from ¥69,821,900.60 in the previous year[29]. - The net cash flow from operating activities was ¥1,565,832.60, down 98.82% from ¥132,971,767.49 in the same period last year[29]. - The basic earnings per share decreased by 30.00% to ¥0.07 from ¥0.10 in the previous year[29]. - Total assets at the end of the reporting period were ¥2,838,751,592.51, a decrease of 4.83% from ¥2,982,926,033.39 at the end of the previous year[29]. - The net assets attributable to shareholders were ¥2,405,883,266.61, down 1.22% from ¥2,435,710,597.46 at the end of the previous year[29]. - The company reported a diluted earnings per share of ¥0.0674 based on the latest share capital[29]. - The weighted average return on net assets was 1.92%, down from 2.87% in the previous year[29]. - The company reported a total non-recurring profit and loss of 8,766,140.07, with government subsidies contributing 8,505,803.52[35]. Business Development and Strategy - The company is actively expanding its product service matrix to enhance user interaction with gaming and non-gaming content, leading to continuous growth in user value and revenue scale[46]. - The company is collaborating with various partners to develop the metaverse business, including partnerships with China Athletics Association and other organizations[45]. - The company is focused on enhancing local entertainment services and has optimized management tools for internet cafes to improve operational efficiency[46]. - The company is leveraging its strengths in cloud computing to provide tailored solutions for multiple industries, promoting an open ecosystem for cloud services[42]. - The company is preparing for the influential ChinaJoy event to establish itself as a leader in the esports industry, organizing global esports conferences and exhibitions[47]. - The company is committed to continuous commercialization of its cloud business, focusing on local entertainment, gaming, and metaverse applications to unlock new business value[48]. - The company has established a metaverse service platform "瞬元 SiMETA," which integrates blockchain technology and supports diverse digital assets[45]. - The company has achieved a market share exceeding 33% in the esports hotel market, with terminal coverage growth doubling compared to the previous year[47]. User Engagement and Market Trends - The cloud service platform "顺网雲" currently serves over 800,000 PC terminals, providing cloud services across various scenarios including cloud gaming and personal cloud computers[42]. - The number of newly added users in Q2 2022 was 929,206, bringing the total user count to 24,309,169[68]. - The total active user count in Q2 2022 was 2,434,766, with a total of 26 operational games[68]. - The company aims to serve 500 million users and 50,000 offline entities, with a vision to enhance digital entertainment experiences[78]. - The global esports revenue is expected to approach 1.38 billion USD by the end of 2022, with China's market accounting for nearly one-third of this total[63]. - The cloud gaming market in China reached 4.06 billion yuan in revenue in 2021, growing by 93.3% year-on-year, and is projected to reach 34.28 billion yuan by 2025, with a compound annual growth rate of 74.8% from 2020 to 2025[56]. Research and Development - The company has filed over 60 technology patents, creating significant industry technological barriers in areas such as distributed computing and edge storage[42]. - The company has made significant advancements in GPU computing services, establishing a high-performance cloud and edge computing service network[71]. - Research and development expenses rose by 8.51% to ¥99,741,117.06 from ¥91,919,019.29, indicating continued investment in innovation[81]. - The company is committed to enhancing its innovation and R&D capabilities to adapt to market changes and maintain competitive advantage[110]. Corporate Governance and Shareholder Relations - The company emphasizes its commitment to corporate governance and transparency, ensuring equal rights for all shareholders, particularly minority shareholders[136]. - The company has implemented a long-term stable profit distribution policy to ensure reasonable returns for investors[136]. - The company did not distribute cash dividends or bonus shares for the half-year period, nor did it increase capital through public reserves[122]. - The employee stock ownership plan initiated in 2021 involved the transfer of 8,965,900 shares, accounting for 1.29% of the company's total share capital[125]. - The company has established a systematic approach to address talent retention through organizational restructuring and talent echelon construction[112]. Legal Matters and Compliance - The lawsuit with Duoyi Network for service contract disputes involved a claim for service fees of CNY 2,665,570 and penalties of CNY 799,671, totaling CNY 3,472,241, which was settled for CNY 1,832,403.50[148]. - The company is involved in a lawsuit against Beijing Xiakexing Network Technology for service fees of CNY 1,114,142, which is currently in bankruptcy proceedings[151]. - The company has no significant related party transactions during the reporting period[156]. - The company has not engaged in any derivative investments during the reporting period[101]. - The company faces risks related to industry policies and is focused on compliance and proactive responses to regulatory changes[109]. Financial Position and Investments - Cash and cash equivalents at the end of the reporting period amounted to ¥1,192,029,617.15, representing 41.99% of total assets[89]. - The company reported an investment income of ¥8,288,949.34, accounting for 11.43% of total profit, primarily from non-current financial assets[88]. - The total investment during the reporting period was ¥30,545,600, representing a 95.39% increase compared to ¥15,632,894 from the same period last year[94]. - The fair value of financial assets decreased by ¥4,638,339.88, with a cumulative fair value change of ¥-45,696,383.26[96]. - The company has a stable core management team with extensive experience in internet operations and management, ensuring strategic goals are met[77].

Financial Performance - The company's operating revenue for 2021 was ¥1,141,984,520.59, representing a 9.37% increase compared to ¥1,044,126,473.90 in 2020[25]. - The net profit attributable to shareholders for 2021 was ¥61,173,616.37, a decrease of 32.70% from ¥90,893,773.89 in 2020[25]. - The net cash flow from operating activities was ¥272,811,600.11, a significant increase of 1,038.43% compared to -¥29,071,009.58 in 2020[25]. - The basic earnings per share for 2021 was ¥0.09, down 30.77% from ¥0.13 in 2020[25]. - The total assets at the end of 2021 were ¥2,982,926,033.39, reflecting a 1.59% increase from ¥2,936,380,008.79 at the end of 2020[25]. - The net assets attributable to shareholders at the end of 2021 were ¥2,435,710,597.46, a slight decrease of 0.18% from ¥2,440,186,738.89 at the end of 2020[25]. - The weighted average return on net assets for 2021 was 2.51%, down from 3.63% in 2020[25]. - The company reported a diluted earnings per share of ¥0.09 for 2021, consistent with the basic earnings per share[25]. Revenue Breakdown - The revenue from the computer application service industry accounted for 89.93% of total revenue, amounting to ¥1,027,014,571.12, with a year-on-year growth of 7.26%[69]. - The gaming media industry generated revenue of ¥114,969,949.47, which is a significant increase of 32.69% from ¥86,642,418.36[69]. - The company's gaming business revenue decreased slightly by 1.53% to ¥394,493,169.79, compared to ¥400,641,819.32[70]. - The company's gross profit margin for the gaming business was 79.42%, which is an increase of 10.45% compared to the previous year[78]. Market Trends - The Chinese gaming market achieved actual sales revenue of ¥296.51 billion in 2021, reflecting a year-on-year growth of 6.4%[40]. - The cloud gaming market in China reached ¥4.06 billion in 2021, showing a significant year-on-year growth of 93.3%[42]. - The user base for esports in China expanded from 130 million in 2016 to 425 million in 2021, indicating a maturing market[46]. Investment and R&D - R&D investment amounted to ¥221,406,495.06 in 2021, representing 19.39% of operating revenue, an increase from 18.37% in 2020[101]. - The number of R&D personnel decreased by 19.94% from 652 to 522, with a proportion of 36.89% of total employees[99]. - The company has filed over 60 technology patents, establishing effective industry technology barriers in distributed computing management, cloud-edge collaboration, and intelligent operations[53]. - The company has developed a high-availability cloud gaming technology that provides esports-level solutions, outperforming basic cloud gaming implementations in the industry[60]. Cash Flow and Financial Health - Net cash flow from operating activities increased by 1,038.43% year-on-year to ¥272,811,600.11, attributed to improved sales collections and reduced payroll expenses[105]. - Total cash and cash equivalents increased by 162.99% year-on-year to ¥466,555,837.14[105]. - The company's monetary funds reached ¥1,293,680,792.77 at year-end, accounting for 43.37% of total assets, up from 29.17% at the beginning of the year[110]. - The company reported an investment income of ¥6,807,430.31, contributing 5.84% to total profit, primarily from financial management gains and disposal of long-term equity investments[106]. Strategic Initiatives - The company is actively developing its metaverse ecosystem, with the launch of the MetaCon brand and plans for a virtual idol event to enhance user interaction and engagement[57]. - The company aims to leverage its cloud computing and edge computing capabilities to expand its edge cloud business ecosystem, providing refined scene solutions across multiple industries[53]. - The company is focusing on enhancing user experience by expanding service content and scenarios, including esports hotels and local XR gaming[53]. - The company plans to commercialize its cloud computer services and promote them across the national internet café market, enhancing operational efficiency and profitability for café owners[90]. Governance and Management - The company has a governance structure that does not include differential voting rights[154]. - The company has not reported any changes in the positions of directors, supervisors, or senior management during the reporting period[160]. - The total remuneration for directors, supervisors, and senior management during the reporting period amounted to CNY 963.08 million[173]. - The company has established a performance-based compensation system to attract and retain high-quality talent, ensuring sustainable development[188]. 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 experienced a loss of -¥121,280,175.77 in net profit after deducting non-recurring items in Q4[29]. - The company experienced a goodwill impairment loss of ¥53,278,746.93, which negatively impacted overall profitability[109].

Financial Performance - The company's operating revenue for Q1 2022 was ¥268,666,208.53, representing a 9.74% increase compared to ¥244,825,605.14 in the same period last year[3] - Net profit attributable to shareholders decreased by 9.78% to ¥31,332,642.96 from ¥34,730,589.35 year-on-year[3] - The net profit after deducting non-recurring gains and losses fell by 55.53% to ¥13,809,209.29 compared to ¥31,049,697.49 in the previous year[3] - Total operating revenue for the first quarter of 2022 was CNY 268,666,208.53, an increase of 9.5% compared to CNY 244,825,605.14 in the same period last year[30] - Net profit for the first quarter was CNY 40,124,713.07, a decrease of 6.1% from CNY 42,738,461.23 in the previous year[33] - Other comprehensive income after tax showed a loss of CNY 11,417,897.52, compared to a loss of CNY 4,995,853.16 in the previous year[33] Cash Flow - The net cash flow from operating activities was negative at -¥44,312,284.04, a decline of 187.55% from ¥50,615,266.07 in the same period last year[3] - Cash inflow from operating activities totaled $320,507,427.54, a decrease from $351,934,578.44 in the previous period[37] - Cash outflow from operating activities was $364,819,711.58, compared to $301,319,312.37 in the prior period, resulting in a net cash flow from operating activities of -$44,312,284.04[37] - Cash inflow from investment activities amounted to $31,767,068.50, significantly lower than $146,512,535.24 in the previous period[39] - Cash outflow from investment activities was $12,577,902.08, down from $85,912,718.09 in the prior period, leading to a net cash flow from investment activities of $19,189,166.42[39] - Cash inflow from financing activities was $250,000.00, compared to $120,306,760.00 in the previous period[39] - Cash outflow from financing activities totaled $48,139,433.76, an increase from $20,000,000.00 in the prior period, resulting in a net cash flow from financing activities of -$47,889,433.76[39] - The net increase in cash and cash equivalents was -$73,005,982.06, contrasting with an increase of $211,820,478.18 in the previous period[39] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,862,757,520.19, down 4.03% from ¥2,982,926,033.39 at the end of the previous year[3] - The total liabilities decreased to CNY 389,719,890.21 from CNY 497,975,678.64, reflecting a reduction of approximately 21.8%[30] - The total current assets decreased to ¥1,442,701,708.57 from ¥1,547,446,181.96, showing a decline of about 6.8%[22] - The total non-current assets decreased slightly to ¥1,420,055,811.62 from ¥1,435,479,851.43, a decrease of about 1.1%[22] - The total liabilities included accounts payable of ¥51,130,370.21, down from ¥59,199,984.37, indicating a decrease of approximately 13.5%[22] - The company's cash and cash equivalents were reported at ¥1,220,674,810.35, a decrease from ¥1,293,680,792.77, indicating a decline of about 5.2%[19] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 48,680, with the largest shareholder holding 35.76% of the shares[11] - The company reported a total of 210,439,801 restricted shares at the beginning of the period, with 14,019,955 shares released, resulting in 196,419,846 restricted shares remaining[18] Operating Costs and Expenses - The company reported a significant increase in operating costs, which rose by 61.54% to ¥118,727,440.06 due to a higher proportion of low-margin business lines[6] - Total operating costs increased to CNY 235,386,387.83, up 20.3% from CNY 195,657,912.80 year-over-year[30] - The company's R&D expenses were CNY 44,046,550.20, down 4.4% from CNY 46,069,562.87 year-over-year[30] Investment Income - Investment income for the period was ¥9,476,560.59, reflecting a substantial increase of 5136.12% compared to the previous year[10] - The company reported an investment income of CNY 9,476,560.59, recovering from a loss of CNY 188,171.94 in the same period last year[30]

Revenue and Profitability - Revenue for Q3 2021 reached ¥377,415,047.58, an increase of 5.20% year-over-year[3] - Net profit attributable to shareholders was ¥85,230,386.40, up 30.72% compared to the same period last year[3] - Net profit excluding non-recurring gains and losses was ¥80,572,550.81, reflecting a 38.04% increase year-over-year[3] - Basic earnings per share for Q3 2021 was ¥0.13, representing a 30.00% increase compared to the same period last year[3] - Total operating revenue for the period reached ¥877,394,645.51, an increase of 10.35% compared to ¥795,393,986.76 in the previous period[27] - Net profit for the period was ¥178,138,338.07, compared to ¥139,742,405.76 in the previous period, representing a growth of 27.43%[30] - The net profit attributable to the parent company was ¥155,052,287.00, an increase from ¥116,755,813.34, marking a rise of 32.73%[32] - Basic earnings per share for the period were ¥0.23, compared to ¥0.17 in the previous period, showing a growth of 35.29%[32] Cash Flow and Operating Activities - Cash flow from operating activities for the year-to-date was ¥181,935,246.51, a significant increase of 423.57%[3] - Operating cash flow net amount reached ¥181,935,246.51, a significant improvement from the previous period's loss of ¥56,226,786.25[38] - Cash inflow from operating activities totaled ¥1,019,124,973.88, compared to ¥1,008,394,270.55 in the prior period[38] - Cash outflow from operating activities decreased to ¥837,189,727.37 from ¥1,064,621,056.80, indicating improved operational efficiency[38] Assets and Liabilities - Total assets at the end of Q3 2021 amounted to ¥2,993,676,915.94, a 1.95% increase from the end of the previous year[3] - The total assets of the company reached CNY 2,993,676,915.94, compared to CNY 2,936,380,008.79 at the end of 2020, marking a slight increase of about 1.9%[23] - The total liabilities increased to CNY 1,399,550,059.55, compared to CNY 1,240,844,803.78, indicating a rise of about 12.8%[20] - The total liabilities amounted to ¥407,162,360.94, slightly up from ¥405,071,711.37, indicating a marginal increase of 0.52%[26] - Total liabilities amounted to 405,071,711.37, with current liabilities at 397,297,211.37[47] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 49,092[10] - The company reported a total of 210,143,795 shares held by the top shareholder, Huayong, with no changes in the number of shares during the reporting period[19] - The company has a total of 12,112,429 shares in its repurchase account, which are not included in the top 10 shareholders list[15] Investment and Financial Position - Investment income surged by 448.81% due to increased returns from bank financial products and long-term asset disposals[6] - The company reported a decrease in other comprehensive income, with a net amount of -¥13,948,195.27 compared to -¥38,439,557.09 in the previous period[32] - The total comprehensive income for the period was ¥164,190,142.80, compared to ¥101,302,848.67 in the previous period, representing a significant increase of 62.06%[32] - The company has a capital reserve of 282,692,059.75, contributing to its financial stability[47] Current and Non-Current Assets - As of September 30, 2021, the total current assets of Hangzhou Shunwang Technology Co., Ltd. amounted to CNY 1,399,550,059.55, an increase from CNY 1,240,844,803.78 at the end of 2020, representing a growth of approximately 12.8%[20] - The cash and cash equivalents were reported at CNY 979,509,961.24, up from CNY 871,960,278.94, indicating an increase of about 12.3% year-over-year[20] - Accounts receivable increased to CNY 101,715,999.82 from CNY 88,518,869.94, reflecting a growth of approximately 14.9%[20] - The total non-current assets decreased to CNY 1,594,126,856.39 from CNY 1,695,535,205.01, a decline of approximately 6.0%[23] - Non-current assets decreased to ¥1,695,535,205.01 from ¥1,742,219,353.38, reflecting a reduction in long-term investments[44] Audit and Compliance - The company has not undergone an audit for the third quarter report, which may affect stakeholder confidence[51]

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]