证券代码：300299 证券简称：富春股份 公告编号：2021-044 富春科技股份有限公司关于参加 2021年度福建上市公司投资者网上集体接待日活动的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整， 没有虚假记载、误导性陈述和重大遗漏。 为进一步加强与投资者的互动交流，使广大投资者能更深入全面地了 解富春科技股份有限公司（以下简称"公司"）情况，本公司将参加由福建 证监局与福建省上市公司协会、深圳市全景网络有限公司举办的"2021 年 度福建上市公司投资者网上集体接待日活动"。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 的网上平台采取网络远程的方式进行，投资者可以登录"全景网投资者关 系互动平台"(http://ir.p5w.net)参与本次投资者网上集体接待日活动，网上 互动交流时间为 2021 年 5 月 14 日（星期五）15:30-17:00。 欢迎广大投资者积极参与。 特此公告。 富春科技股份有限公司董事会 二〇二一年五月十一日 ...

Financial Performance - The company's operating revenue for Q1 2021 was ¥91,754,902.25, a decrease of 13.01% compared to ¥105,480,551.71 in the same period last year[7] - The net profit attributable to shareholders for Q1 2021 was ¥11,225,070.56, down 24.63% from ¥14,892,415.03 in the previous year[7] - The net cash flow from operating activities was ¥1,304,480.72, a significant decline of 95.78% compared to ¥30,896,950.58 in the same period last year[7] - In Q1 2021, the company achieved operating revenue of 91.75 million yuan, a decrease of 13.01% year-on-year, primarily due to the disposal of the Mochikaka equity at the end of last year, which is no longer included in the consolidated financial statements[18] - The net profit attributable to shareholders was 11.23 million yuan, a decrease of 24.63% compared to the same period last year[19] - The total operating revenue for Q1 2021 was CNY 91,754,902.25, a decrease of 13.06% compared to CNY 105,480,551.71 in the same period last year[46] - The total profit for Q1 2021 was CNY 13,833,181.46, a decrease of 10.87% from CNY 15,505,605.74 in the previous year[47] - The comprehensive income total for Q1 2021 was CNY 11,904,860.07, compared to CNY 14,274,204.90 in the same period last year, reflecting a decline of 16.73%[47] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,191,709,525.74, reflecting a 1.62% increase from ¥1,172,732,714.42 at the end of the previous year[7] - The total liabilities rose to ¥720,337,401.01, compared to ¥713,248,802.66, marking a slight increase of 1.5%[38] - Total current liabilities were CNY 712,701,657.04, with short-term borrowings at CNY 235,705,286.30[64] - The company’s total non-current assets reached CNY 668,377,506.08, with long-term equity investments at CNY 649,680,840.02[64] Shareholder Information - The net assets attributable to shareholders increased by 2.50% to ¥460,256,737.80 from ¥449,043,530.35 at the end of the previous year[7] - The total number of ordinary shareholders at the end of the reporting period was 40,197[10] - The largest shareholder, Fujian Fuchun Investment Co., Ltd., held 14.88% of the shares, amounting to 102,868,158 shares, with 50,833,000 shares pledged[10] Investment and R&D - Long-term equity investments increased by 68.03% to 163.48 million yuan, mainly due to the capital increase in subsidiary Shanghai Junmeng's investment in Game L[17] - Research and development expenses rose by 103.50% to 23.24 million yuan, reflecting increased investment in R&D resources by subsidiary Shanghai Junmeng[17] - The company aims to enhance its competitive edge by increasing R&D investment and acquiring quality IPs in the gaming sector[21] Cash Flow - The company’s cash inflow from operating activities was 133.45 million yuan, a decrease of 41.67% compared to the previous period[17] - As of March 31, 2021, the company’s cash and cash equivalents decreased to approximately 85.32 million yuan from 102.76 million yuan at the end of 2020, representing a decline of about 16.9%[36] - The total cash outflow from operating activities amounted to 132,142,424.93 CNY, down from 197,894,168.43 CNY year-over-year, reflecting a decrease of about 33.1%[54] - Cash and cash equivalents at the end of the period were 63,148,864.82 CNY, down from 160,531,701.15 CNY, representing a decrease of about 60.7%[55] Legal and Compliance - The company has initiated legal proceedings against the compensation obligors for the unfulfilled performance commitments for the years 2018 and 2019, which remain outstanding[30] - The company plans to communicate and supervise the compensation obligations with the relevant parties to ensure compliance with the agreed terms[27] - The company has not reported any violations regarding external guarantees during the reporting period[31] Other Financial Metrics - The weighted average return on equity decreased to 2.47% from 2.94% in the previous year[7] - The company reported non-recurring gains and losses totaling ¥457,081.54, which included government subsidies and other income[8] - The company reported a significant increase in payments to employees, totaling 60,928,002.75 CNY, compared to 37,476,001.79 CNY in the previous year, marking an increase of approximately 62.5%[54]

Financial Performance - The company reported a total revenue of RMB 1.2 billion for the year 2020, representing a year-on-year increase of 15%[13] - The net profit attributable to shareholders was RMB 200 million, which is a 10% increase compared to the previous year[13] - User data showed a growth in active users, reaching 5 million by the end of 2020, up from 4 million in 2019, indicating a 25% increase[13] - The company's operating revenue for 2020 was ¥485,867,868.88, an increase of 3.89% compared to ¥467,666,388.11 in 2019[18] - The net profit attributable to shareholders was ¥36,711,713.68, a significant turnaround from a loss of ¥560,942,227.26 in 2019, representing a 106.54% increase[18] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥9,988,958.52, an improvement of 98.91% from -¥912,472,727.12 in 2019[18] - The company's weighted average return on equity improved to 7.67% from -62.72% in 2019[18] - The overall revenue for the company reached 485.87 million yuan, representing a 3.89% increase compared to 2019[49] Future Outlook - Future guidance indicates an expected revenue growth of 20% for 2021, targeting RMB 1.44 billion[13] - The company plans to invest RMB 300 million in research and development for new products and technologies in 2021[13] - The company aims to leverage opportunities from the acceleration of 5G construction and digital transformation in 2021 to achieve accelerated growth in performance[85] - The company plans to continue expanding its market presence and enhancing its product offerings in the future[42] Market Expansion - The company is exploring market expansion opportunities in Southeast Asia, aiming to enter two new countries by the end of 2021[13] - The overseas market for self-developed games generated actual sales revenue of 15.45 billion USD, a year-on-year increase of 33.25%[32] - The overseas market for gaming saw a significant increase, with revenue of 160.86 million yuan, up 51.87% year-on-year[50] Research and Development - The company has initiated technical reserves and business work in smart city projects, which are expected to become new growth points for performance[31] - R&D investment in 2020 amounted to ¥71,437,345.89, representing 14.70% of operating revenue, a decrease from 16.57% in 2019[65] - The mobile gaming sector plans to increase R&D investment and deepen collaboration with leading publishers, with self-developed game "Ragnarok: The New Generation" set to launch in Southeast Asia[86] Shareholder Returns - No cash dividends will be distributed to shareholders for the fiscal year 2020[5] - The company reported a net profit attributable to ordinary shareholders of CNY 36,711,713.68 for 2020, but did not propose any cash dividend distribution[101] - No cash dividends or stock bonuses were distributed for the fiscal years 2019 and 2020, with the cash dividend ratio remaining at 0.00%[101] Risk Management - The company is facing potential risks including market competition and regulatory changes, which have been detailed in the risk management section of the report[4] Corporate Governance - The board of directors has confirmed that all members attended the meeting to review the annual report, ensuring accountability[3] - The company has established a framework for avoiding conflicts of interest in decision-making processes related to related party transactions[107] - The company maintains independence from its controlling shareholder in business, personnel, assets, institutions, and finances, ensuring autonomous operational capabilities[196] Social Responsibility - The company actively participated in poverty alleviation efforts, supporting 17 orphans and contributing a total of 120,000 RMB to poverty alleviation projects[148] - The company plans to continue its poverty alleviation efforts in 2021, aligning with national initiatives[151] Employee Management - The company employed a total of 812 staff members, including 366 production personnel and 306 technical personnel[186] - The total remuneration for directors, supervisors, and senior management in 2020 amounted to 5.8264 million yuan[182] - The company has established a comprehensive salary management system, including basic salary, position salary, regional salary, and performance salary, to ensure competitive compensation for employees[188] Share Repurchase - The company completed the repurchase and cancellation of 19,571,440 performance compensation shares, reducing the total number of shares from 710,800,925 to 691,229,485[152] - The company’s share repurchase was approved by the board and shareholders, indicating strong governance practices[157]

Financial Performance - Operating revenue for the reporting period was ¥91,108,184.53, down 22.10% year-on-year, and cumulative revenue for the year was ¥303,873,113.10, a decrease of 13.73%[7] - Net profit attributable to shareholders surged by 1,213.35% to ¥51,001,905.77 for the reporting period, with a cumulative net profit of ¥68,780,018.35, an increase of 184.54%[7] - Basic earnings per share for the reporting period was ¥0.07, a 100.00% increase, while diluted earnings per share also stood at ¥0.07, reflecting a 100.00% increase[7] - The company's net profit attributable to the parent company for the first three quarters reached 68.78 million yuan, an increase of 184.54% compared to the same period last year[19] - The company's total comprehensive income for the period was CNY 48,630,300.69, up from CNY 3,865,889.86 in the previous year[44] - The net profit attributable to the parent company was CNY 51,001,905.77, compared to CNY 3,883,353.08 in Q3 2019, indicating a significant increase[44] Assets and Liabilities - Total assets at the end of the reporting period reached ¥1,435,483,385.33, an increase of 1.08% compared to the end of the previous year[7] - The company's total liabilities increased by 245.80% to 31.12 million yuan, mainly due to the increase in accounts payable[18] - The company's total liabilities increased to CNY 906,724,610.91 in Q3 2020 from CNY 839,700,779.22 in Q3 2019, representing a rise of 8.2%[40] - Total liabilities reached ¥839,700,779.22, with current liabilities at ¥772,855,732.13 and non-current liabilities at ¥66,845,047.09[70] - The company's retained earnings showed a negative balance of CNY 513,468,655.96, highlighting challenges in profitability[67] Cash Flow - The net cash flow from operating activities for the year-to-date was ¥30,178,488.78, down 35.42% compared to the previous year[7] - The company's operating cash flow for the first three quarters was 30.18 million yuan, a decrease of 35.42% year-on-year, mainly due to increased payments for goods and engineering[19] - The net cash flow from operating activities was CNY 59,152,849.09, a decrease of 30.5% compared to CNY 85,030,284.33 in the same period last year[62] - Cash and cash equivalents at the end of the period increased to CNY 57,803,923.42 from CNY 11,158,274.35, marking a net increase of CNY 23,685,491.75[62] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 50,793[10] - The top shareholder, Fujian Fuchun Investment Co., Ltd., held 16.21% of the shares, amounting to 112,028,158 shares[10] Investment and Compensation - Non-recurring gains and losses totaled ¥53,288,910.27, primarily due to the recovery of performance compensation from Shanghai Liheng[8] - The company received performance compensation payments totaling 26.32 million yuan from Shanghai Liheng in August 2020[21] - The company plans to acquire at least 70.85% of Altron through a share issuance and is currently in the process of fundraising[21] - The company reported a significant increase in investment income, reaching ¥47,774,260.16, compared to a loss of ¥2,393,057.15 in the previous year[54] Operational Efficiency - The company's other income for the first three quarters was 5.70 million yuan, an increase of 242.21% year-on-year, mainly due to increased government subsidies[19] - Research and development expenses for Q3 2020 were CNY 13,681,288.27, down from CNY 20,943,328.53 in Q3 2019, a decrease of 34.7%[43] - The company reported a decrease in sales expenses to CNY 400,709.28 from CNY 66,353.89 in the previous year, reflecting a more efficient sales strategy[47] Compliance and Reporting - The company has not executed any cash dividend policy during the reporting period[31] - The company has not undergone an audit for the third quarter report, which may affect the reliability of the financial data presented[72] - The company adjusted its financial statements in accordance with new revenue and leasing standards starting from 2020[63]

Financial Performance - The company's operating revenue for the first half of 2020 was ¥212,764,928.57, a decrease of 9.56% compared to ¥235,263,709.34 in the same period last year[18]. - The net profit attributable to shareholders of the listed company was ¥17,778,112.58, down 12.38% from ¥20,289,383.05 year-on-year[18]. - The net profit after deducting non-recurring gains and losses was ¥10,405,536.36, a significant decline of 45.66% compared to ¥19,149,035.63 in the previous year[18]. - The company achieved operating revenue of 212.76 million yuan, a year-on-year decrease of 9.56%[37]. - The net profit attributable to shareholders was 17.78 million yuan, down 12.38% year-on-year[37]. - The total profit for the first half of 2020 was ¥17,627,539.88, down from ¥23,646,108.70 in the first half of 2019, reflecting a decrease of about 25.6%[134]. - The company's gross profit margin for the first half of 2020 was approximately 5.8%, compared to 10.5% in the first half of 2019[134]. - The company reported a net loss of ¥749,777.02 from long-term equity investments, representing -4.25% of total profit[51]. - The company reported a net loss of 7,108,009.25 CNY for the current period[149]. Cash Flow and Assets - The net cash flow from operating activities increased by 153.63% to ¥23,166,543.34, compared to ¥9,134,031.93 in the same period last year[18]. - Cash flow from operating activities increased to ¥233,453,250.30, compared to ¥216,855,988.95 in the first half of 2019, indicating a growth of approximately 7.6%[138]. - The total amount of trading financial assets dropped significantly from ¥144,587,741.89 to ¥48,145,557.00, reflecting a decrease of around 67%[124]. - The company's cash and cash equivalents decreased to ¥115,180,324.96 from ¥161,736,939.67 at the end of 2019, representing a decline of approximately 29%[124]. - The company's accounts receivable increased to ¥236,378,543.94 from ¥203,002,962.71, showing an increase of about 16%[124]. - The total current assets decreased from CNY 855,367,081.98 to CNY 731,262,927.54, a decline of about 14.5%[125]. - The company's total liabilities decreased from CNY 911,810,558.42 to CNY 862,777,296.37, a decline of about 5.4%[126]. - The total owner's equity decreased from CNY 508,269,084.03 to CNY 429,509,708.59, a reduction of approximately 15.5%[127]. Shareholder and Equity Information - The company plans not to distribute cash dividends or issue bonus shares[5]. - The total number of shares decreased from 710,800,925 to 691,229,485, a reduction of 19,571,440 shares due to the completion of a share repurchase and cancellation related to performance compensation[99]. - The largest shareholder, Fujian Fuchun Investment Co., Ltd., holds 16.71% of shares, totaling 115,486,338 shares, with a reduction of 10,000,000 shares during the reporting period[106]. - The shareholding structure indicates a significant concentration of ownership among a few major shareholders, with the top four shareholders holding over 34% of the total shares[106]. - The company has committed to distributing at least 10% of its distributable profits as cash dividends annually for the years 2019-2021, subject to board approval[86]. Market and Sector Performance - In the communication information sector, revenue and net profit showed slight growth due to effective expansion in smart city and ICT businesses[37]. - The mobile gaming sector experienced a decline in revenue and net profit due to the transition phase of game products[37]. - The gaming sector reported revenue of 114.57 million yuan, a year-on-year decrease of 18.14% due to delayed game launches and declining revenue from existing products[39]. - The company aims to enhance product development and become a leading mobile game manufacturer in China[27]. - The company is focusing on strategic partnerships and collaborations to strengthen its position in emerging opportunities like 5G and smart cities[25]. Research and Development - Research and development expenses decreased by 15.02% to 27.99 million yuan from 32.94 million yuan year-on-year[44]. - The company plans to focus on "5G + new infrastructure" opportunities in the second half of 2020, aiming to expand its communication information sector[42]. - The company aims to launch 1-2 new game products in the second half of 2020 to support continuous growth in the gaming business[42]. Legal and Compliance Issues - The company is facing litigation related to game revenue sharing, with claims amounting to CNY 213.6 million and CNY 136.78 million against different parties, both pending judgment[88]. - The company has committed to avoiding any business activities that may compete with its main operations, ensuring no direct or indirect competition[83]. - The company will continue to regulate and reduce related party transactions, ensuring fairness and compliance with legal standards[83]. - The company has a commitment to bear any losses incurred by its subsidiaries due to violations of related party transaction commitments[84]. Strategic Focus and Future Plans - The company is addressing performance compensation risks related to asset acquisitions, with plans to communicate and enforce compensation agreements[73]. - The company has a significant focus on intellectual property rights, aiming to mitigate risks through clear contracts and proactive measures[71]. - The company is committed to continuous monitoring of industry trends and regulatory changes to minimize potential risks[71]. - The company has identified risks associated with new game development and operational failures, emphasizing its deep understanding of market preferences and resource availability[73].

Financial Performance - The company reported a total revenue of RMB 1.2 billion for the year 2019, representing a year-on-year increase of 15%[12]. - The net profit attributable to shareholders was RMB 200 million, which is a 10% increase compared to the previous year[12]. - The company's operating revenue for 2019 was ¥467,666,388.11, a decrease of 15.77% compared to ¥555,247,124.52 in 2018[17]. - The net profit attributable to shareholders was -¥560,942,227.26, representing a decline of 1,067.24% from ¥57,993,955.41 in the previous year[17]. - The company reported a net profit of CNY -560.94 million, a decline of 1,067.24% year-on-year, primarily due to stricter regulatory environments in the domestic gaming industry[36]. - The company reported a net profit attributable to shareholders of -¥560.94 million for the year 2019, with the parent company’s net profit at -¥589.21 million[92]. - The company achieved net profits of 63 million, 79 million, 99 million, and 114.5 million for the years 2016, 2017, 2018, and 2019 respectively, as part of its performance commitments[97]. - The company reported a total revenue of 93,567,672 in 2019, with a significant increase compared to the previous year[156]. - The company experienced a net loss of 8,799,830, indicating a challenging financial year[156]. User Growth and Market Expansion - User data showed an increase in active users by 25%, reaching a total of 5 million active users by the end of 2019[12]. - The company is expanding its market presence in Southeast Asia, with plans to enter three new countries by the end of 2020[12]. - The company aims to enhance its integrated operational capabilities in the 5G and smart city sectors, leveraging partnerships with market leaders and research institutions[26]. - The company plans to leverage opportunities in the "5G + new infrastructure" sector, aiming to enhance market expansion and operational capabilities[79]. Investment and Development - The company plans to invest RMB 300 million in new product development and technology research in 2020[12]. - Future guidance indicates an expected revenue growth of 20% for 2020, targeting RMB 1.44 billion[12]. - The company aims to enhance its intellectual property portfolio, with a target of filing 50 new patents in 2020[12]. - The company is focusing on improving governance and management efficiency to achieve cost reduction and efficiency enhancement[41]. - The company is actively pursuing mergers and acquisitions to strengthen its competitive position in the industry[161]. Risks and Challenges - The management highlighted potential risks including market competition and regulatory changes that could impact future performance[4]. - The company is facing market competition risks, particularly in the gaming sector, where rapid changes in industry dynamics could impact performance[82]. - The company emphasizes the importance of compliance with regulatory policies in the gaming industry to mitigate risks associated with game approvals[83]. Financial Management and Governance - The company will not distribute cash dividends for the fiscal year 2019, opting to reinvest profits into business growth[5]. - The company has a three-year shareholder dividend return plan (2019-2021) that aligns with its articles of association and protects minority shareholders' rights[89]. - The company has established measures to ensure timely updates and marketing for existing games to prolong their lifecycle and maintain user engagement[85]. - The company has established a performance evaluation and incentive mechanism to enhance management efficiency and reduce costs[178]. - The company maintains independence from its controlling shareholder in business, personnel, assets, and financial matters[179]. Subsidiaries and Acquisitions - The company added four new subsidiaries during the reporting period, increasing the total number of consolidated subsidiaries to 27[55]. - The company acquired 100% equity of 中富数据 for 16.8 million, which was later transferred to its wholly-owned subsidiary, 富春慧联[130]. - The company formed a joint venture, 成都智城, with a registered capital of 10 million, where it holds a 51% stake, contributing 5.1 million from its own funds[130]. Employee and Management Structure - The number of R&D personnel increased to 389, representing 43.36% of the total workforce, up from 36.94% in the previous year[59]. - The company has a total of 9 directors, including 3 independent directors, ensuring a diverse governance structure[158]. - The total remuneration for directors, supervisors, and senior management in 2019 amounted to 5.3915 million yuan[166]. - The company has established a salary management system that links senior management compensation to company performance[170]. Audit and Compliance - The audit report was issued with a standard unqualified opinion, indicating that the financial statements fairly represent the company's financial position[193]. - The audit confirmed that the game business revenue was true and accurate, reflecting the company's operational performance[198]. - The company is responsible for preparing financial statements in accordance with accounting standards and maintaining necessary internal controls[200].

Financial Performance - Total revenue for the first quarter was ¥105,480,551.71, a decrease of 7.70% compared to ¥114,285,068.27 in the same period last year[7] - Net profit attributable to shareholders increased by 21.61% to ¥14,892,415.03, up from ¥12,246,433.09 year-on-year[7] - The net loss for Q1 2020 was CNY 10,012,038.95, compared to a net loss of CNY 8,872,580.28 in Q1 2019[38] - The total profit for Q1 2020 was CNY 15,505,605.74, up from CNY 15,286,737.65 in the previous year, reflecting a growth of approximately 1.4%[40] - The total comprehensive income for Q1 2020 was CNY 14,274,204.90, compared to CNY 11,916,960.73 in Q1 2019, indicating an increase of approximately 19.7%[40] Cash Flow - Net cash flow from operating activities improved significantly to ¥30,896,950.58, a 255.80% increase from a negative cash flow of ¥19,831,261.37 in the previous year[7] - The cash inflow from operating activities in Q1 2020 was CNY 228,791,119.01, significantly higher than CNY 94,824,400.37 in the same period last year, marking an increase of about 141.1%[44] - The cash outflow from operating activities was ¥66,099,674.69, up from ¥36,788,647.52 in the previous year, which is an increase of approximately 80%[49] - The net cash flow from investing activities was ¥8,891,381.00, a recovery from a negative cash flow of ¥25,052,720.00 in Q1 2019[49] - Cash inflow from financing activities totaled ¥127,200,000.00, compared to ¥103,500,000.00 in the same quarter last year, reflecting an increase of about 23%[49] Assets and Liabilities - Total assets at the end of the reporting period reached ¥1,508,084,386.94, reflecting a growth of 6.20% from ¥1,420,079,642.45 at the end of the previous year[7] - Total liabilities increased to CNY 928,670,268.67 from CNY 839,700,779.22, marking an increase of 10.6%[37] - The company's total equity stood at CNY 482,375,318.43, slightly down from CNY 482,554,880.32[37] - The total liabilities to equity ratio increased to 1.93 in Q1 2020 from 1.74 in the previous year, indicating a higher leverage[37] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 53,971[10] - The largest shareholder, Fujian Fuchun Investment Co., Ltd., holds 16.25% of the shares, amounting to 115,486,338 shares[10] - The company did not engage in any repurchase transactions among the top 10 shareholders during the reporting period[11] Research and Development - Research and development expenses for Q1 2020 were CNY 11,419,596.26, a decrease of 26.1% from CNY 15,385,651.75 in Q1 2019[38] - The company plans to enhance its service system in the telecommunications sector and increase R&D investment in the gaming sector to mitigate market competition risks[21] Risks and Challenges - The company faces risks related to intellectual property rights, which could negatively impact operational performance if infringements are identified[22] - The company has strategies in place to manage game product lifecycle risks by updating and promoting existing games to maintain user engagement[23] - The company is actively monitoring market preferences during game development to mitigate the risk of new game failures due to market misjudgment[24] - The company has a significant performance compensation obligation, which poses a risk if the compensation parties fail to fulfill their commitments[24] Other Financial Metrics - The company's cash and cash equivalents increased to CNY 199,735,031.83 from CNY 161,736,939.67, reflecting a growth of about 23.4%[30] - The company's basic and diluted earnings per share remained stable at CNY 0.02 for both Q1 2020 and Q1 2019[40] - The company reported a significant increase in cash received from other operating activities, totaling CNY 16,150,375.09 in Q1 2020, compared to CNY 11,376,545.32 in Q1 2019, reflecting a growth of approximately 42.0%[44] Compliance and Standards - The company did not undergo an audit for the Q1 2020 report[51] - The company has not applied new revenue and leasing standards for the financial statements[50]

Financial Performance - Net profit attributable to shareholders dropped by 72.23% to CNY 3,883,353.08 for the current period[7] - Operating revenue increased by 3.22% to CNY 116,954,249.57 for the current period[7] - Net profit attributable to shareholders after deducting non-recurring gains and losses surged by 127.95% to CNY 4,146,547.06[7] - Basic earnings per share fell by 100% to CNY 0.00 for the current period[7] - The weighted average return on equity was 0.34%, a decrease of 0.76% compared to the previous year[7] - The company's net profit attributable to the parent company for the first three quarters was 24.17 million RMB, a decrease of 31.08% year-on-year, mainly due to reduced investment income from equity disposals in the previous year[15] - Operating profit for the current period was ¥2,635,655.14, down from ¥12,715,878.88, indicating a decline of approximately 79.3%[40] - Net profit for the current period was ¥3,936,798.19, a significant decrease from ¥13,935,722.69, representing a decline of about 71.7%[40] - Comprehensive income for the current period totaled ¥3,865,889.86, down from ¥14,451,463.48, reflecting a decrease of about 73.2%[41] - Net profit for the current period is $23.92 million, a decline of 32% compared to $35.02 million in the previous period[47] Assets and Liabilities - Total assets decreased by 5.69% to CNY 2,075,045,496.13 compared to the end of the previous year[7] - The company's cash and cash equivalents at the end of the period amounted to 83.27 million RMB, a decrease of 39.78% compared to the beginning of the period, primarily due to payments for acquisitions and loan repayments[15] - Total liabilities increased from CNY 947,264,510.75 to CNY 979,891,915.16, marking an increase of about 3.46%[31] - Owner's equity decreased from CNY 1,252,964,157.19 to CNY 1,095,153,580.97, a decline of approximately 12.59%[32] - The total current assets decreased from CNY 858,355,835.36 to CNY 674,544,964.04, a decline of approximately 21.43%[30] - Current liabilities increased from CNY 787,711,055.35 to CNY 814,171,776.77, an increase of about 3.67%[31] - Non-current liabilities rose from CNY 159,553,455.40 to CNY 165,720,138.39, reflecting a growth of approximately 3.67%[31] Cash Flow - Cash flow from operating activities increased by 224.64% to CNY 46,728,230.87 year-to-date[7] - The net cash flow from operating activities for Q3 2019 was ¥46,728,230.87, a significant improvement compared to a net outflow of ¥37,489,323.81 in the same period last year[54] - Total cash inflow from operating activities amounted to ¥372,041,537.83, while cash outflow was ¥325,313,306.96, resulting in a net cash inflow[54] - Investment activities resulted in a net cash outflow of ¥92,555,325.82, compared to a much smaller outflow of ¥1,091,957.20 in the previous year[55] - Cash inflow from financing activities was ¥398,129,873.00, while cash outflow was ¥443,194,611.86, leading to a net cash outflow of ¥45,064,738.86[55] Shareholder Information - The total number of shareholders at the end of the reporting period was 49,398[10] - The largest shareholder, Fujian Fuchun Investment Co., Ltd., held 17.65% of the shares, totaling 125,486,338 shares[10] - The company completed the repurchase and cancellation of 15,541,914 shares, accounting for 2.14% of the total share capital prior to the repurchase, as part of a compensation obligation[18] - The company announced a cash dividend of 0.1 RMB per 10 shares based on a total share capital of 710,800,925 shares, benefiting investors[19] Investment and Development - The company established a joint venture, Zhongfu Technology (Pingtan) Co., Ltd., with Guangdong Zhongdian Changcheng Smart City Investment Co., Ltd. to enhance market expansion in the information technology sector[18] - The company's construction in progress at the end of the period was 161.91 million RMB, an increase of 76.27% compared to the beginning of the period, reflecting increased investment in ongoing projects[15] - Research and development expenses increased to ¥20,943,328.53 from ¥19,176,386.49, showing a rise of approximately 9.2%[39] Compensation Obligations - Shanghai Junmeng's net profit commitments for 2014 to 2017 are set at RMB 64 million, RMB 83.7 million, RMB 113 million, and RMB 124.3 million respectively[22] - Compensation obligations are distributed among parties with Shanghai Liheng at 29.46%, Shanghai Limai at 25.37%, and others totaling 100%[22] - Compensation for profit shortfalls will be calculated based on the formula: (Cumulative committed net profit - Cumulative actual net profit) / Total committed net profit from 2014 to 2016[22] - The total value of cash and share compensation will not exceed the total transaction price obtained by the parties involved[22] - The compensation measures will be implemented if Shanghai Junmeng's cumulative actual net profit falls below the cumulative committed net profit during the commitment period[22] Other Financial Metrics - The company's other income for the first three quarters was 1.67 million RMB, a decrease of 50.54% year-on-year, primarily due to reduced government subsidies received[15] - The company reported an investment cash inflow of 4.52 million RMB for the first three quarters, a decrease of 94.22% year-on-year, mainly due to the absence of performance compensation cash received from previous equity disposals[15] - The company reported a credit impairment loss of ¥5,305,497.54, with no comparable figure from the previous period[40] - The company reported a significant increase in financial expenses, which rose to ¥5,496,050.00 from ¥9,158,136.41, indicating a decrease of approximately 40.5%[39] Audit and Reporting - The third quarter report for 2019 has not been audited[67] - The report was released on October 29, 2019[67] - Future outlook and performance guidance are not detailed in the report[67] - There are no mentions of new product or technology developments in the report[67] - Market expansion and mergers or acquisitions are not discussed in the report[67]

Financial Performance - The company reported a total revenue of RMB 726,342,839 for the first half of 2019, reflecting a decrease compared to the previous period[17]. - Total revenue for the reporting period was ¥235,263,709.34, a decrease of 10.01% compared to the same period last year[18]. - Net profit attributable to shareholders was ¥20,289,383.05, down 3.78% year-over-year[18]. - Net profit after deducting non-recurring gains and losses was ¥19,149,035.63, a decrease of 3.41% compared to the previous year[18]. - The company's total assets increased by 0.96% to ¥2,221,367,854.54 compared to the end of the previous year[18]. - The net assets attributable to shareholders rose by 0.56% to ¥1,257,773,173.16 at the end of the reporting period[18]. - The mobile gaming segment generated revenue of CNY 139.96 million, a decline of 22.90% year-on-year, with overseas revenue increasing by 38.29% to CNY 53.40 million[37]. - The company reported a net profit of CNY 5,160,744.97 from its subsidiary Moqi Kaka during the reporting period[64]. - The company reported a net loss of 7,108,009.2 CNY for the period[146]. - The total comprehensive income for the period was 69,065.05 CNY[148]. Shareholder Actions - The company plans to not distribute cash dividends or issue bonus shares for the current fiscal year[5]. - The company completed the repurchase and cancellation of 1,589,178 shares as part of performance compensation, reducing the total shares from 727,932,017 to 726,342,839[17]. - The company has implemented a share repurchase program, although specific details on the progress were not applicable[102]. - The basic earnings per share for the first half of 2019 was reported at 0.028 RMB, consistent with the previous year, while the diluted earnings per share also remained at 0.028 RMB[102]. - The net asset value per share attributable to shareholders increased by 0.58% year-on-year to 1.73 RMB per share, primarily due to the repurchase and cancellation of restricted shares[102]. - The total number of ordinary shareholders at the end of the reporting period was 61,072[107]. Business Strategy and Operations - The company expanded its business scope to include "labor dispatch" services, with the change completed on July 17, 2019[17]. - The company is focusing on expanding its presence in overseas markets, leveraging its experience in game IP operations and development[26]. - The company plans to enhance its competitive position in the information technology sector by collaborating with market leaders and research institutions[24]. - The company plans to focus on expanding its information technology business, particularly in 5G, IoT, and smart city opportunities, while seeking acquisition targets to enhance competitiveness[39]. - The company aims to launch several new games in the second half of 2019, including "The New Master of the Universe" and "The Birth of the New Generation of RO" to boost revenue growth[39]. - The company has established a joint venture with Guangdong Zhongdian Changcheng Smart City Investment Co., Ltd. to enhance its capabilities in smart city and ICT businesses[35]. Risk Management - The company emphasizes the risks associated with market competition, mergers and acquisitions, and the lifecycle of gaming products[4]. - The company has not made any forward-looking commitments regarding future plans or strategies, urging investors to be aware of associated risks[4]. - The company faces increased market competition risks in both the telecommunications and gaming sectors, necessitating timely adjustments to services and technology upgrades[66]. - The company has significant goodwill from acquisitions of Shanghai Junmeng and Moqi Kaka, which may lead to financial pressure if their performance does not meet expectations[66]. - The company is actively monitoring changes in industry regulations to ensure compliance and minimize potential policy risks[68]. Corporate Governance - The company's legal representatives have confirmed the accuracy and completeness of the financial report for the first half of 2019[3]. - All board members attended the meeting to review the report, ensuring full governance participation[4]. - The company is committed to improving corporate governance and integrating party-building efforts with corporate culture[38]. - The company has established a governance structure including a shareholders' meeting, board of directors, and supervisory board, enhancing its operational transparency[157]. Financial Management - The company has implemented prudent financial management to avoid excessive debt and reduce financing risks[67]. - The company reported a net cash flow from operating activities improved significantly to ¥9,134,031.93, an increase of 124.77% from a negative cash flow in the same period last year[18]. - The company's cash flow from operating activities improved by 124.77% to CNY 9,134,031.93, primarily due to reduced expenses and tax benefits[48]. - The company has a related party debt of 14,564.34 million yuan owed to its major shareholder, with an interest rate of 4.35%[90]. - The company has committed to ensuring that any future cash distributions will not compromise its operational funding needs[84]. Compliance and Legal Matters - The company has not reported any major litigation or arbitration matters during this reporting period[86]. - The company has not engaged in any significant asset or equity acquisitions or disposals during this reporting period[90]. - The company has not faced any media inquiries or regulatory penalties during this reporting period[87]. - The company has committed to avoiding any business activities that compete with its main business in the future[81]. Accounting and Financial Reporting - The financial statements are prepared based on the going concern principle, in accordance with the accounting standards issued by the Ministry of Finance[161]. - The company confirms its ability to continue as a going concern for at least 12 months from the reporting date, with no significant matters affecting this ability[162]. - The company recognizes goodwill when the acquisition cost exceeds the fair value of identifiable net assets acquired in a business combination[170]. - The company applies an aging analysis method to assess bad debt provisions for accounts receivable, with specific percentages for different aging categories[192]. - The company employs a one-time write-off method for low-value consumables and packaging materials upon usage[198].

Financial Performance - The company reported a total revenue of RMB 726.34 million for the first half of 2019, representing a year-on-year increase of 15%[12]. - The net profit attributable to shareholders for the same period was RMB 120.5 million, up 10% compared to the previous year[12]. - Future guidance suggests a revenue target of RMB 1.5 billion for the full year 2019, reflecting a growth rate of approximately 20%[12]. - Total revenue for the reporting period was ¥235,263,709.34, a decrease of 10.01% compared to the same period last year[18]. - Net profit attributable to shareholders was ¥20,289,383.05, down 3.78% year-on-year[18]. - The net profit for the first half of 2019 was CNY 19,985,239.29, compared to CNY 21,088,124.22 in the first half of 2018, showing a decrease of about 5.2%[135]. - The total profit for the first half of 2019 was CNY 23,646,108.70, down from CNY 29,579,707.06 in the previous year, indicating a decline of approximately 20.1%[135]. - The company's operating profit for the first half of 2019 was CNY 23,716,940.89, compared to CNY 29,516,954.22 in the same period of 2018, reflecting a decrease of around 19.7%[135]. - The total comprehensive income for the first half of 2019 was CNY 20,101,596.86, compared to CNY 21,156,113.10 in the first half of 2018, reflecting a decrease of about 5%[135]. User Growth and Market Expansion - User data indicated a growth in active users by 25%, reaching a total of 1.5 million active users by June 30, 2019[12]. - The company plans to expand its market presence by entering two new provinces in the second half of 2019, aiming for a 20% increase in market share[12]. - The company has successfully launched several popular games, including "Ragnarok" and "Qin's Moon," and is expanding its market reach to regions like Hong Kong, Taiwan, Vietnam, and Japan[31]. Research and Development - Research and development expenses increased by 30% to RMB 50 million, focusing on 5G technology and new product innovations[12]. - Research and development expenses totaled RMB 32,944,627.17, down 9.31% from the previous year[44]. - The information technology segment reported revenue of RMB 94.36 million, an increase of 19.37% year-on-year, driven by effective expansion in planning design and smart city projects[35]. - The company plans to focus on expanding its information technology business, leveraging opportunities in 5G, IoT, and smart cities, while seeking acquisition targets to enhance competitiveness[39]. Financial Management and Cash Flow - Net cash flow from operating activities improved significantly to ¥9,134,031.93, an increase of 124.77% compared to the previous year[18]. - Cash flow from operating activities for the first half of 2019 was CNY 9,134,031.93, a significant improvement from a negative cash flow of CNY -36,876,137.27 in the first half of 2018[139]. - The cash received from sales of goods and services was CNY 20,784,458.47, a decrease of 3.9% from CNY 21,627,480.29 in the first half of 2018[142]. - The net increase in cash and cash equivalents for the period was CNY -88,770,927.53, compared to CNY -178,694,316.32 in the first half of 2018, showing an improvement in cash management[143]. Shareholder and Equity Information - The company completed the repurchase and cancellation of 1,589,178 shares, reducing the total shares outstanding to 726,342,839[17]. - The basic earnings per share for the first half of 2019 was reported at 0.028 RMB, consistent with the previous year, while the diluted earnings per share also remained at 0.028 RMB[103]. - The total number of ordinary shareholders at the end of the reporting period was 61,072[108]. - The largest shareholder, Fujian Fuchun Investment Co., Ltd., held 17.28% of the shares, with a total of 125,486,338 shares, experiencing a decrease of 4,216,690 shares during the reporting period[109]. Risks and Challenges - The company has identified potential risks including market competition and regulatory changes, with strategies in place to mitigate these risks[4]. - The company is facing increased market competition in the telecommunications sector, necessitating timely adjustments to services and technology upgrades[65]. - The company is exposed to regulatory risks as new game developments require approval from relevant authorities, and failure to obtain necessary permits could adversely affect future operations[67]. - The company is at risk of intellectual property litigation due to potential misunderstandings with IP holders, which could lead to product modifications or removals, negatively impacting performance[69]. Corporate Governance and Compliance - The company has improved its governance structure and strengthened its corporate culture, with a focus on integrating party-building efforts[38]. - The company is committed to complying with evolving industry regulations and will proactively seek necessary approvals to minimize potential policy risks[67]. - The company has established commitments to avoid conflicts of interest and ensure transparency in its operations[82]. Subsidiaries and Acquisitions - The company established Chengdu Fuchun Zhicheng Technology Co., Ltd., which incurred a net loss of CNY 330,029.90 during the reporting period[63]. - The company has established a joint venture with Guangdong Zhongdian Changcheng Smart City Investment Co., Ltd. to expand its smart city and ICT business[35]. - In January 2019, the subsidiary Xiamen Zhongfu acquired 100% equity of Zhongfu Data, which has a registered capital of CNY 16.8 million[95]. Legal and Regulatory Matters - The company reported a non-standard audit report for the previous year, but the current report is not applicable[84]. - The company has no major litigation or arbitration matters pending as of the report date[85]. - A total of 3,788.53 million yuan is involved in a legal arbitration case regarding performance compensation obligations that have not been fulfilled[85].