Financial Performance - Total revenue for Q1 2020 was ¥120,302,193.27, a decrease of 10.20% compared to ¥133,967,893.23 in the same period last year[8] - Net profit attributable to shareholders was ¥21,360,989.23, down 70.52% from ¥72,463,483.73 year-on-year[8] - Net profit excluding non-recurring gains and losses was ¥20,435,424.57, a decline of 50.05% from ¥40,912,131.85 in the previous year[8] - Basic and diluted earnings per share were both ¥0.100, down 68.75% from ¥0.320 in the same period last year[8] - The company reported a total comprehensive income of CNY 39,209,497.04, down from CNY 83,458,426.73 in the previous period[41] - The net profit for Q1 2020 was CNY 6,006,247.67, a decrease of 16.67% compared to CNY 7,209,211.67 in the same period last year[44] - Operating profit for the quarter was CNY 6,665,242.33, down from CNY 7,940,204.71, reflecting a decline of 16.06% year-over-year[44] Cash Flow and Assets - Net cash flow from operating activities was ¥46,076,078.66, a decrease of 40.98% compared to ¥78,072,341.45 in the same period last year[8] - Cash and cash equivalents decreased by 69.65% to 179.84 million CNY due to the purchase of financial assets[19] - The company's current assets decreased to CNY 1,039,534,972.37 from CNY 1,186,871,327.89, reflecting a reduction of about 12.4%[30] - Cash and cash equivalents dropped significantly from CNY 592,560,667.50 to CNY 179,840,824.04, a decrease of approximately 69.7%[30] - The company reported a significant cash outflow from investment activities of CNY 428,633,451.53, compared to a cash outflow of CNY 41,830,063.02 in the previous year[48] - The total cash and cash equivalents at the end of the period amounted to 29,035,195.41 CNY, up from 17,803,714.06 CNY at the beginning of the period, reflecting a net increase of 11,231,481.35 CNY[52] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 24,097[12] - The top shareholder, Yuan Xu, holds 9.78% of the shares, with 16,390,443 shares pledged[12] - The company is in the process of a control change, with a new major shareholder expected to hold 21.5% of voting rights[23] Government Support and Subsidies - The company received government subsidies amounting to ¥628,799.60 during the reporting period[9] - The company reported a significant increase of 1970.61% in other income, mainly due to increased government subsidies received[19] Operating Costs and Expenses - Operating costs rose by 44.53% to 36.60 million CNY, primarily due to increased bandwidth expenses[19] - R&D expenses increased by 42.09% to 23.71 million CNY, reflecting higher investment in research and development[19] - The company paid CNY 30,193,438.76 to employees during the quarter, an increase from CNY 25,792,807.94 in the previous year[48] Financial Position - Total assets at the end of the reporting period were ¥1,492,938,693.04, a decrease of 8.97% from ¥1,640,071,427.08 at the end of the previous year[8] - The total liabilities decreased from CNY 524,797,012.45 to CNY 333,220,096.79, marking a reduction of about 36.5%[32] - The company's long-term equity investments rose from CNY 224,917,553.64 to CNY 227,010,146.30, reflecting a growth of approximately 0.5%[31] - The company's total equity stood at 1,115,274,414.63 CNY, with a capital reserve of 2,657,126,921.82 CNY[55] Challenges and Strategic Changes - The company is facing challenges due to the overseas regulatory environment and ongoing trade tensions, impacting its mobile advertising business[22] - The company plans to expand its business lines by shifting from tool-based advertising products to content-based products, combining subscription and advertising models[22]

Financial Performance - Net profit attributable to shareholders decreased by 81.34% to CNY 12,772,841.80 year-on-year[8] - Operating revenue fell by 33.56% to CNY 116,128,263.64 compared to the same period last year[8] - Basic earnings per share decreased by 80.00% to CNY 0.06[8] - The company reported a decrease of 71.48% in net profit after deducting non-recurring gains and losses, totaling CNY 18,920,097.30 for the current period[8] - The company reported a net loss of ¥-519,560,960.96, an improvement from a loss of ¥-637,355,620.52 in the previous period[32] - The company reported a total profit of CNY 28,284,349.24, down 68.5% from CNY 89,713,680.46 in the previous year[40] - The total comprehensive income for Q3 2019 was CNY 31,846,374.44, a decrease of 57.0% from CNY 74,199,397.50 in Q3 2018[40] - The net profit attributable to shareholders of the parent company was CNY 12,772,841.80, a decline of 81.3% from CNY 68,460,739.05 in the previous year[40] - Net profit for the current period was ¥153,757,383.37, down 17.0% from ¥185,036,603.66 in the previous period[46] - The total comprehensive income for the current period was ¥161,331,738.44, down 15.4% from ¥190,634,954.56[47] Revenue and Costs - The company achieved a total operating revenue of 380.13 million yuan in the first three quarters of 2019, a decrease of 28.10% compared to the same period last year[21] - Total operating revenue for Q3 2019 was CNY 116,128,263.64, a decrease of 33.5% compared to CNY 174,790,193.73 in the same period last year[38] - Total operating costs decreased to ¥283,463,516.40 from ¥339,994,275.74, reflecting a reduction of 16.7%[46] Assets and Liabilities - Total assets increased by 3.55% to CNY 2,881,668,090.10 compared to the end of the previous year[8] - Current assets totaled ¥832,390,283.03, up from ¥727,864,871.15, indicating a growth of about 14.3% year-over-year[29] - Total liabilities decreased to ¥486,711,244.02 from ¥554,380,868.69, a reduction of approximately 12.2%[31] - The company's total equity increased to ¥2,394,956,846.08 from ¥2,228,539,653.90, reflecting a growth of about 7.5%[32] - Total liabilities reached CNY 554,380,868.69, with current liabilities at CNY 470,940,015.44 and non-current liabilities at CNY 83,440,853.25[63] Cash Flow - The net cash flow from operating activities increased by 49.03% to CNY 132,897,083.09 year-to-date[8] - Cash flow from operating activities generated a net cash inflow of CNY 132,897,083.09, an increase from CNY 89,177,074.42 in the previous year[54] - Cash inflow from investment activities was CNY 517,483,191.57, compared to CNY 202,428,025.77 in the same period last year, showing a substantial increase[54] - The net cash flow from investment activities was CNY 371,719,661.03, a significant improvement from a net outflow of CNY 384,597,799.04 in the previous year[54] - Total cash outflow from operating activities was CNY 320,215,979.91, compared to CNY 496,465,667.21 in the previous year, reflecting a reduction in expenses[54] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 22,224[12] - The top ten shareholders held a combined 51.64% of the company's shares, with the largest shareholder holding 9.78%[12] Research and Development - Research and development expenses rose by 131.73% to 57.42 million yuan, driven by increased personnel and investment in mobile acceleration business[19] - R&D expenses increased significantly to CNY 22,565,320.80, up 141.5% from CNY 9,366,715.00 in Q3 2018[38] - The company plans to continue focusing on R&D and market expansion strategies to drive future growth[46] Other Financial Metrics - The weighted average return on equity decreased by 8.26% to 0.58%[8] - Other comprehensive income after tax for Q3 2019 was CNY 3,612,648.17, compared to CNY 2,151,796.56 in Q3 2018, an increase of 67.9%[40] - Basic and diluted earnings per share for Q3 2019 were CNY 0.06, down from CNY 0.30 in the same quarter last year[41] - Basic earnings per share decreased to ¥0.04 from ¥0.11, representing a decline of 63.6%[46] Strategic Initiatives - The company plans to deepen its network acceleration business focusing on intelligent networking and differentiated services[21] - The company is actively responding to external changes in the overseas mobile advertising business through refined operations and cost management[21] Dividend Information - No cash dividends were distributed during the reporting period[23]

Financial Performance - The company reported a revenue of RMB 100 million for the first half of 2019, representing a year-on-year increase of 15% compared to the same period in 2018[14]. - Total revenue for the reporting period was ¥264,005,409.02, a decrease of 25.40% compared to ¥353,896,042.29 in the same period last year[20]. - Net profit attributable to shareholders was ¥105,021,817.76, representing a slight increase of 1.31% from ¥103,668,314.97 year-on-year[20]. - Net profit after deducting non-recurring gains and losses was ¥69,880,062.72, down 32.02% from ¥102,789,110.64 in the previous year[20]. - The company anticipates a revenue growth forecast of 12% for the full year 2019, driven by increased user engagement and new service offerings[14]. - The company reported a net loss of CNY 532,333,802.76 as of June 30, 2019, compared to a net loss of CNY 637,355,620.52 at the end of 2018[140]. - The company reported a comprehensive income total of 11,694,178 yuan for the first half of 2019[171]. User Engagement and Market Strategy - Active users (paying users) reached 500,000, showing a growth of 20% from the previous year[14]. - The company plans to expand its market presence by launching new products in the second half of 2019, targeting a 10% increase in market share[14]. - The company aims to enhance its B2B2C partnerships to improve service delivery and customer acquisition[14]. - The company is exploring potential mergers and acquisitions to strengthen its competitive position in the market[14]. - The company is focusing on improving operational efficiency and reducing costs in response to the declining cash flow[165]. Research and Development - The company has invested RMB 20 million in research and development for new technologies, aiming to enhance service efficiency and user experience[14]. - Research and development expenses increased by 9.04% to RMB 34,856,303.43, reflecting ongoing investment in technology and product development[51]. - The company has launched new products, including the "Xunyou Proxy Management System" and "SCAP Node Allocation System," aimed at enhancing its cloud transmission optimization capabilities[47]. - The company aims to deepen its technology in the intelligent network field and explore new application scenarios and product demands[34]. Financial Position and Assets - Total assets at the end of the reporting period were ¥2,826,905,354.89, an increase of 1.58% from ¥2,782,920,522.59 at the end of the previous year[20]. - The company’s total assets reached 3,050,091,492.00 yuan at the end of the reporting period[174]. - The company’s total liabilities were reported at 2,654,117,648.98 yuan[172]. - The total equity attributable to the parent company at the end of the reporting period was 3,203.3 million yuan, an increase from 3,012.4 million yuan at the beginning of the year, representing a growth of approximately 6.34%[166]. Cash Flow and Investment - The net cash flow from operating activities was ¥82,576,542.09, a decrease of 31.57% compared to ¥120,674,841.87 in the same period last year[20]. - The company reported a significant increase in investment income, which rose by 57.17% to RMB 27,686,682.08, attributed to higher returns from financial assets[51]. - The company engaged in entrusted wealth management with a total amount of CNY 139,890,200, with no overdue amounts reported[67]. - Investment activities resulted in a net cash outflow of CNY 55,352,748.10, reflecting a strategic shift in capital allocation[157]. Risks and Compliance - The company has identified risks related to market competition and regulatory changes, with strategies in place to mitigate these risks[5]. - The company is cautious about overseas market policies and international environmental changes that may affect its global advertising business[79]. - The company is committed to maintaining transparency and accuracy in its financial reporting, ensuring compliance with regulatory standards[4]. Shareholder Information - No cash dividends or stock bonuses will be distributed to shareholders for this period, as the company focuses on reinvestment[6]. - The total number of ordinary shareholders at the end of the reporting period was 20,741[120]. - Major shareholders include Yuan Xu with a 9.99% stake (22,303,624 shares) and Zhang Jianwei with a 9.71% stake (21,694,200 shares)[121]. - The company approved the repurchase and cancellation of 52,000 stock options and 39,000 restricted stocks from the 2017 stock incentive plan, with a total repurchase amount of 791,505 RMB at a price of 20.295 RMB per share[92].

证券代码：300467 证券简称：迅游科技 公告编号：2019-045 四川迅游网络科技股份有限公司 关于参加 2019 年四川辖区上市公司投资者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、 误导性陈述或重大遗漏。 为进一步加强与投资者的互动交流工作，四川迅游网络科技股份有限公司 （以下简称"公司"）将参加由四川省上市公司协会、深圳市全景网络有限公司 共同举办的"2019 年四川辖区上市公司投资者集体接待日"主题活动及董秘值 班周活动，现将有关事项公告如下： 本次集体接待日活动将在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 举 行 ， 投 资 者 可 以 登 录 " 全 景 • 路 演 天 下 " 网 站 （http://rs.p5w.net/html/94366.shtml）或关注微信公众号：全景财经，参与公司本 次投资者集体接待日活动，活动时间为 2019 年 5 月 24 日（星期五）15:00 至 16:30。 届时公司的副总裁、董事会秘书康荔女士、财务总监阳旭宇先生、公司全资 子公司成都狮之吼科技有限公司副总经理敬彪先生将通 ...

Financial Performance - The company's operating revenue for 2018 was ¥730,979,866.82, representing a 162.76% increase compared to ¥278,195,701.58 in 2017[19]. - The net profit attributable to shareholders for 2018 was -¥790,353,914.33, a decrease of 871.82% from ¥102,400,777.84 in 2017[19]. - The net cash flow from operating activities increased by 237.19% to ¥270,591,666.40 in 2018, up from ¥80,248,513.95 in 2017[19]. - The total assets at the end of 2018 were ¥2,782,920,522.59, a decrease of 22.43% from ¥3,587,553,848.44 at the end of 2017[19]. - The net assets attributable to shareholders decreased by 26.79% to ¥2,213,279,370.05 at the end of 2018, down from ¥3,023,003,655.16 at the end of 2017[19]. - The basic earnings per share for 2018 was -¥3.49, compared to ¥0.610 in 2017, reflecting a decline of 672.13%[19]. - The weighted average return on equity for 2018 was -30.08%, a decrease of 43.12% from 13.04% in 2017[19]. - The company achieved total revenue of CNY 730.98 million, an increase of 162.76% compared to the previous year[58]. - The net profit attributable to shareholders was CNY -790.35 million, a decrease of 896.79% year-on-year, primarily due to asset impairment provisions totaling CNY 853 million[58]. Risk Management - The report includes a detailed discussion of potential risks and countermeasures for the company's future development[5]. - The company emphasizes the importance of risk awareness for investors regarding future plans and performance forecasts[5]. - The company faces risks from intensified market competition as large internet companies may develop their own game acceleration services, which could impact market share[109]. - The company is cautious about external investments and has made provisions for potential impairments related to its investments in Smartisan Technology and Yidong Infinite[110]. Strategic Initiatives - The company aims to deepen its technology in the intelligent network field and explore new application scenarios and product demands to drive growth[38]. - The company aims to expand its user base in emerging markets such as Latin America, Southeast Asia, and Africa, anticipating significant growth due to the transition from feature phones to smartphones[52]. - The company plans to expand its market presence by entering three new provinces in 2019, aiming for a 15% increase in market share[133]. - The company is exploring potential mergers and acquisitions to accelerate growth and expand its service offerings[140]. Research and Development - The company invested in R&D for several new systems, including the "Intelligent Routing Acceleration Access System" and "Configuration Centralized Management System" to enhance service capabilities[59]. - R&D personnel increased to 217 in 2018, accounting for 70.68% of the workforce, with R&D investment amounting to ¥67,727,571.70, representing 9.27% of operating revenue[81]. - The company is investing 50 million RMB in R&D for new technologies aimed at enhancing user experience[140]. - Research and development expenses increased to CNY 67,727,571.70, marking a 64.18% increase year-on-year, driven by equity incentives and the consolidation of Lionmobi's expenses[78]. Market Trends - As of December 2018, the number of online game users in China reached 484 million, representing 58.4% of the total internet users, with mobile game users at 458 million[40]. - The global internet user base reached 4.388 billion in 2018, with a significant portion accessing the internet via smartphones, indicating a growing market for mobile advertising[39]. - In 2018, the Chinese gaming market generated approximately ¥214.44 billion, with a year-on-year growth of 5.3%[42]. - Mobile games led the market with revenues of about ¥133.96 billion, reflecting a year-on-year increase of 15.4% and accounting for 62.5% of the online gaming market share[42]. Corporate Governance - The board of directors and senior management confirmed the accuracy and completeness of the annual report[4]. - All directors attended the board meeting to review the report[5]. - The company has established a comprehensive decision-making process for profit distribution, ensuring the protection of minority shareholders' rights[119]. - The company guarantees that all information disclosed in the transaction is true, accurate, and complete, with no misleading statements or omissions[129]. Financial Management - The company reported a significant increase in sales expenses, totaling CNY 255,204,257.77, which is a 637.70% rise year-on-year due to the consolidation of Lionmobi's 12-month expenses[77]. - The company’s cash and cash equivalents decreased by 44.96% year-on-year, primarily due to investments made with idle funds[46]. - The company's trading financial assets increased by 257.24% year-on-year, attributed to the same investment strategy[46]. - The company has committed to maintaining a dividend payout ratio of 30% of net profits for the next three years[140]. Legal and Compliance - The company has not faced any administrative penalties from the China Securities Regulatory Commission (CSRC) or public reprimands from stock exchanges in the last twelve months[127]. - The company has not engaged in any insider trading investigations related to the transaction[127]. - The company has confirmed that it has obtained all necessary approvals, consents, authorizations, and licenses for its operations, ensuring compliance with relevant laws[174]. - The company has not been subject to any administrative or criminal penalties in the last five years, ensuring compliance with regulations[192].

Financial Performance - Total revenue for Q1 2019 was CNY 133,967,893.23, a decrease of 23.39% compared to CNY 174,867,495.46 in the same period last year[7]. - Net profit attributable to shareholders increased by 39.77% to CNY 72,463,483.73, up from CNY 51,845,395.94 year-on-year[7]. - Net profit after deducting non-recurring gains and losses was CNY 40,912,131.85, a decrease of 21.72% from CNY 52,264,714.01 in the previous year[7]. - Basic earnings per share rose by 39.13% to CNY 0.320 from CNY 0.230 year-on-year[7]. - The total revenue for Q1 2019 was CNY 43,523,264.11, a decrease of 14.8% compared to CNY 51,074,362.68 in the same period last year[42]. - The net profit for Q1 2019 reached CNY 81,384,988.82, up 45.5% from CNY 55,931,703.75 in Q1 2018[39]. - The total comprehensive income for Q1 2019 was CNY 83,458,426.73, compared to CNY 57,422,643.37 in the same period last year, marking a 45.5% increase[39]. Cash Flow and Assets - Operating cash flow net amount was CNY 78,072,341.45, representing a 16.67% increase from CNY 66,918,802.26 in the same period last year[7]. - The company's cash paid for operating activities decreased by 74.57% to ¥23,359,381.24, reflecting reduced promotional expenses[18]. - Cash received from investment income increased by 94.40% to ¥11,125,273.38, due to higher returns from financial products[18]. - Cash and cash equivalents at the end of the period amounted to CNY 199,909,159.76, an increase from CNY 170,779,122.98 at the beginning of the period[47]. - The company's cash flow from sales of goods and services was CNY 46,749,458.42, a decrease of 7.6% from CNY 50,277,690.58 in the previous period[49]. - The company's total assets at the end of the reporting period were CNY 2,861,880,901.65, an increase of 2.84% from CNY 2,782,920,522.59 at the end of the previous year[7]. - Current assets totaled CNY 809,833,698.45, up from CNY 727,864,871.15 at the end of 2018[30]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 21,038[11]. - The top ten shareholders held a combined 52.08% of the shares, with the largest shareholder holding 9.88%[11]. - The total equity attributable to shareholders increased to CNY 2.28 billion, up from CNY 2.21 billion at the end of 2018, reflecting a growth of 3.0%[35]. Research and Development - Research and development expenses surged by 262.56% to ¥16,683,342.59, attributed to the capitalization of R&D expenditures[18]. - Key R&D projects include the "Xunyou Agent Management System" and "SCAP Node Allocation System," aimed at improving market coverage and user experience[20]. - The company has focused on enhancing its platform's intelligent technology and resource deployment through collaboration with telecom operators, aiming to strengthen competitive advantages[20]. Liabilities and Financial Position - The company's total liabilities were CNY 555,206,345.43, slightly up from CNY 554,380,868.69 at the end of 2018[31]. - The total liabilities decreased slightly to CNY 441.06 million from CNY 446.23 million, a decline of 1.2%[36]. - The company reported a long-term equity investment of CNY 3,274,258,287.90[57]. Strategic Initiatives - The decline in revenue was primarily due to the impact of US-China trade tensions and European advertising privacy policies, leading to a decrease in overseas mobile advertising revenue[20]. - The company has implemented strategies to mitigate these impacts, including partnerships with new and smaller platforms and refined operational management to enhance profitability[20]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[39]. Miscellaneous - The company executed its annual business plan effectively, focusing on product matrix consolidation and deepening user demand exploration[21]. - There were no significant changes in the company's intangible assets or core competitive capabilities during the reporting period[21]. - The first quarter report was not audited[60]. - The chairman of the board is Zhang Jianwei, as of April 25, 2019[61].

Financial Performance - Operating revenue for the quarter reached CNY 174,790,193.73, a significant increase of 221.79% year-over-year [7]. - Net profit attributable to shareholders was CNY 68,460,739.05, reflecting a growth of 248.56% compared to the same period last year [7]. - The net profit after deducting non-recurring gains and losses was CNY 66,347,858.93, up 252.24% year-over-year [7]. - Basic earnings per share rose by 150.00% to CNY 0.30 for the quarter [7]. - The company achieved operating revenue of CNY 528.6862 million for the first nine months of 2018, an increase of 275.84% year-on-year [20]. - The net profit attributable to shareholders of the listed company reached CNY 172.1291 million, up 241.32% compared to the same period last year [20]. - Total operating revenue for the third quarter reached ¥174,790,193.73, a significant increase of 222.5% compared to ¥54,317,581.87 in the same period last year [35]. - Net profit for the third quarter was ¥72,047,600.94, up 257.5% from ¥20,137,692.11 year-over-year [36]. - The operating profit for the quarter was CNY 208,139,956.52, compared to CNY 53,826,039.67 in Q3 2017, marking an increase of approximately 287% [42]. - The company reported a total comprehensive income of CNY 190,634,954.56 for the quarter, compared to CNY 47,285,207.90 in the same period last year, showing a growth of approximately 303% [42]. Cash Flow and Assets - The company reported a net cash flow from operating activities of CNY 89,177,074.42, an increase of 251.70% year-to-date [7]. - The cash flow from operating activities was CNY 89,177,074.42, significantly higher than CNY 25,356,358.47 in the same quarter last year, indicating a growth of approximately 251% [49]. - The cash inflow from operating activities totaled 155,435,636.05 CNY, compared to 136,843,657.14 CNY in the prior year, reflecting a growth of approximately 13.1% [51]. - The cash outflow from operating activities was 154,582,665.45 CNY, up from 112,702,068.51 CNY, indicating an increase of about 37.2% [51]. - The net cash flow from investing activities was -104,080,909.58 CNY, worsening from -49,541,538.17 CNY in the previous period [53]. - The ending balance of cash and cash equivalents was 16,167,931.44 CNY, down from 102,681,035.90 CNY year-over-year [53]. - Cash and cash equivalents decreased significantly from ¥311,198,317.03 to ¥70,069,961.05, a decline of about 77.5% [27]. Shareholder Information - The total number of shareholders at the end of the reporting period was 16,908 [11]. - The top ten shareholders collectively hold significant stakes, with the largest shareholder owning 9.84% [11]. - The company did not engage in any repurchase transactions during the reporting period [12]. - The company did not distribute cash dividends during the reporting period, adhering to its profit distribution policy [22]. - The company reported no non-operating fund occupation by controlling shareholders during the reporting period [24]. - There were no violations regarding external guarantees during the reporting period [23]. Investments and Acquisitions - The company completed the acquisition of 15.9950% equity in Sichuan Subao Network Technology Co., increasing its stake to 40.3972% [20]. - Financial assets measured at fair value increased by 163.70% to CNY 295.3833 million, primarily due to increased debt instrument investments held by Lion's Roar [18]. - Investment income for the third quarter was ¥5,904,698.37, compared to ¥1,898,355.23 in the previous year, marking a 210.5% increase [36]. - Investment income for the quarter was CNY 23,521,012.26, compared to CNY 14,754,573.49 in Q3 2017, representing an increase of about 59% [42]. Expenses and Liabilities - Sales expenses surged by 945.17% to CNY 68.4066 million, attributed to the inclusion of sales expenses from the acquisition of Lion's Roar Technology [18]. - The company reported a significant decrease in financial expenses, with a change of -59497.93% due to increased exchange gains from Lion's Roar [18]. - The total liabilities decreased slightly from ¥575,152,282.46 to ¥582,275,280.39, indicating a marginal increase of about 1.0% [29]. - The total equity attributable to shareholders increased from ¥3,023,003,655.16 to ¥3,174,312,625.74, an increase of approximately 5.0% [29]. Research and Development - Research and development expenses for the third quarter were ¥9,366,715.00, down from ¥11,225,432.35 year-over-year [35]. - The company continues to focus on expanding its market presence and developing new technologies [30].

Financial Performance - The company reported a revenue of RMB 100 million for the first half of 2018, representing a year-on-year increase of 15% compared to the same period in 2017[3]. - Total revenue for the reporting period reached ¥353,896,042.29, representing a 309.84% increase compared to ¥86,349,297.52 in the same period last year[22]. - Net profit attributable to shareholders was ¥103,668,314.97, up 236.70% from ¥30,789,839.86 year-on-year[22]. - Net profit after deducting non-recurring gains and losses was ¥102,789,110.64, an increase of 288.25% compared to ¥26,475,096.16 in the previous year[22]. - Basic earnings per share increased to ¥0.460, up 155.56% from ¥0.180 in the previous year[22]. - The company achieved total revenue of CNY 353.90 million, an increase of 309.84% compared to the same period last year[49]. - The total profit reached CNY 118.75 million, up 268.61% year-on-year, while net profit attributable to shareholders was CNY 103.67 million, a 236.70% increase[49]. - The company reported a revenue of 1.2 billion CNY for the first half of 2018, representing a year-on-year increase of 15%[102]. - The company reported a significant increase in revenue, achieving a total of 1.5 billion yuan for the first half of 2018, representing a 25% year-over-year growth[105]. User Growth and Engagement - The number of active users (paying users) reached 1.5 million, showing a growth of 20% year-on-year[5]. - The company has approximately 5.9 billion total installed users and about 165 million monthly active users as of June 30, 2018[33]. - User data showed an increase in active users by 20% compared to the previous year, reaching 5 million active users[102]. - User data showed a growth of 25% in active users, reaching 5 million users by the end of the quarter[104]. - The company achieved significant growth in mobile game acceleration services, partnering with major game developers and mobile manufacturers, leading to a strong market presence[83]. Market Expansion and Strategy - The company plans to expand its market presence by entering three new provinces by the end of 2018[6]. - The company aims to expand its user base in emerging markets such as Latin America, Southeast Asia, South Asia, Africa, and the Middle East, where there is a growing demand for smartphone upgrades[45]. - The company plans to continue expanding its global business layout, focusing on internet real-time interactive application acceleration services and mobile internet application software[49]. - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share within the next two years[102]. - Market expansion efforts are focused on entering Southeast Asian markets, with an estimated investment of 100 million yuan planned for 2019[105]. Research and Development - The company is investing RMB 10 million in research and development for new gaming technologies and platforms[4]. - The company’s R&D investment amounted to CNY 31.97 million, representing a 49.39% increase from the previous year[54]. - The company has set a target to increase its R&D expenditure to 10% of total revenue in the upcoming fiscal year[102]. - The company plans to invest 200 million yuan in research and development to enhance technology capabilities over the next two years[103]. - The company is investing $50 million in research and development for new technologies aimed at enhancing user experience[104]. Financial Position and Assets - Total assets at the end of the reporting period were ¥3,703,397,239.77, a 3.23% increase from ¥3,587,553,848.44 at the end of the previous year[22]. - Net assets attributable to shareholders reached ¥3,145,440,417.37, reflecting a 4.05% increase from ¥3,023,003,655.16 at the end of the previous year[22]. - Cash and cash equivalents at the end of the reporting period amounted to ¥284,022,414.21, representing 7.67% of total assets, a decrease of 7.48% compared to the previous year[58]. - The company's total liabilities decreased from CNY 575,152,282.46 to CNY 554,753,464.70, representing a reduction of about 3.45%[164]. - The total equity attributable to the parent company at the end of the previous year was 1,309.00 million yuan[185]. Risks and Challenges - The company identified key risks including market competition and regulatory changes, with strategies in place to mitigate these risks[5]. - The company is facing increased competition from large internet companies and game operators entering the game acceleration market, necessitating ongoing investment in R&D and market promotion[84]. - The integration risks associated with the company's acquisitions are expected to rise as the business diversifies and expands, requiring improved management practices[86]. - The company is actively monitoring foreign exchange fluctuations, particularly with the USD and HKD, to manage potential impacts on its operations[93]. Shareholder and Governance - The company has no plans to distribute cash dividends or issue bonus shares for the current fiscal year[6]. - The board approved a share buyback program, committing to repurchase up to 50 million yuan worth of shares to enhance shareholder value[105]. - The company reported a profit distribution of -7,929.90 million yuan, indicating a significant loss allocation to shareholders[189]. - The company appointed Yang Xuyu as the new CFO on January 30, 2018, following the resignation of Yang Juan[155]. - Major shareholders include Yuan Xu with 9.84% (22,303,624 shares) and Zhang Jianwei with 9.57% (21,694,200 shares) of the total shares[145]. Future Outlook - Future performance guidance indicates an expected revenue growth of 25% for the full year 2018[5]. - The company provided a future outlook, projecting a revenue growth of 25% for the next fiscal year, driven by new product launches and market expansion[102]. - Future outlook indicates a focus on expanding market presence, targeting a 30% increase in market share by the end of 2019[103]. - The company anticipates a potential net profit of no less than RMB 249.6 million and RMB 324.48 million for the years 2018 and 2019, respectively, from its acquisition of Lion's Roar[90].

Financial Performance - The company's operating revenue for 2017 was ¥278,195,701.58, representing a 76.07% increase compared to ¥158,003,764.27 in 2016[19]. - The net profit attributable to shareholders for 2017 was ¥102,400,777.84, a significant increase of 161.79% from ¥39,115,094.44 in 2016[19]. - The net profit after deducting non-recurring gains and losses was ¥95,918,802.22, which is a 264.88% increase from ¥26,287,411.14 in 2016[19]. - The net cash flow from operating activities for 2017 was ¥80,248,513.95, up 102.30% from ¥39,668,043.00 in 2016[19]. - Basic earnings per share for 2017 were ¥0.61, a 154.17% increase compared to ¥0.24 in 2016[19]. - Total assets at the end of 2017 reached ¥3,587,553,848.44, a 379.22% increase from ¥748,620,422.21 at the end of 2016[19]. - The net assets attributable to shareholders at the end of 2017 were ¥3,023,003,655.16, reflecting a 461.50% increase from ¥538,376,992.32 at the end of 2016[19]. - The weighted average return on equity for 2017 was 13.04%, an increase of 4.85% from 8.19% in 2016[19]. - The company achieved total revenue of CNY 278.20 million in 2017, representing a 76.07% increase compared to CNY 158.00 million in 2016[68]. - The net profit attributable to shareholders reached CNY 102.40 million, up 161.79% from the previous year's CNY 39.06 million[58]. User Growth and Engagement - The user base of "Lion's Roar" reached approximately 450 million, with monthly active users of about 128 million[33]. - The company has accumulated over 200 million registered users, with approximately 3.8 million active paying users, indicating a high-value user base[53]. - By the end of 2017, China's online gaming user base reached 441 million, accounting for 57.2% of the total internet users, with mobile gaming users at 407 million[41]. - User data showed a growth in active users to 5 million, up from 4 million in 2016, indicating a 25% increase[156]. - User data indicated a growth in active users to 5 million, marking a 25% increase from 2016[161]. Market Expansion and Strategy - The company is actively exploring market expansion opportunities and potential mergers and acquisitions[5]. - The company aims to leverage its strong partnerships with major game developers to enhance its market position and service offerings[42]. - The company plans to expand its market presence in Southeast Asia, targeting a 30% increase in market share within the next two years[134]. - Future strategies include both organic growth and external expansion, focusing on synergistic opportunities within the gaming service industry[114]. - The company plans to leverage the overseas capabilities and resource advantages of Lion's Roar to achieve global network application optimization and access larger markets[115]. - The company is expanding its market presence in Asia, targeting a 15% market share by the end of 2024[153]. Research and Development - The company has a focus on technological advancements, including the Smart Cloud Acceleration Platform (SCAP) to enhance service delivery[11]. - The company launched several R&D projects, including the "Smart Router Acceleration Access System" and "Game Terminal Environment Detection System" to enhance service capabilities[60]. - R&D investment amounted to ¥41,189,399.97 in 2017, representing 14.81% of operating revenue, a decrease from 21.76% in 2016[83]. - The number of R&D personnel increased to 172 in 2017, accounting for 65.90% of the workforce, up from 57.64% in 2016[83]. - The company is investing in new technology development, allocating $50 million towards R&D initiatives[5]. Acquisitions and Partnerships - In 2017, the company acquired 100% equity of the overseas mobile internet enterprise "Lion's Roar," expanding its main business scope[29]. - The company completed a strategic acquisition of a tech startup for $500 million, expected to enhance its technological capabilities[141]. - The company is exploring potential mergers and acquisitions to enhance its service offerings and market reach[148]. - The company has outlined a strategic goal to achieve a revenue target of 1.5 billion RMB for 2018, reflecting a growth rate of 25%[161]. Risk Management - The report emphasizes the importance of risk awareness regarding future plans and performance forecasts, highlighting potential risks and countermeasures in the business outlook section[5]. - The company recognizes the risk of intensified market competition as large internet companies and game operators begin to focus on the game acceleration service market[116]. - The company will enhance risk identification and control measures for external investments to mitigate potential risks in the rapidly changing internet industry[118]. - The company is aware of the risks associated with overseas market policies, particularly regarding regulatory differences in various countries[118]. Dividend Policy - The company plans to distribute a cash dividend of 0.35 RMB per 10 shares to all shareholders, based on a total share capital of 226,611,309 shares[5]. - The total cash dividend amount for 2017 is RMB 7,931,395.81, which represents 7.75% of the net profit attributable to ordinary shareholders of RMB 102,400,777.84[133]. - The cash dividend for 2016 was RMB 5,004,912.00, accounting for 12.80% of the net profit attributable to ordinary shareholders of RMB 39,115,094.44[133]. - The company has maintained a consistent cash dividend policy, with cash dividends fully utilizing the distributable profits[126]. Compliance and Governance - The company emphasizes the significance of accurate financial reporting and the responsibilities of its financial management team[4]. - The annual report outlines the company's governance structure, including the roles of the board of directors and supervisory board[11]. - The company has confirmed that all commitments made are independently executed and will not affect other commitments[154]. - The company has ensured that all required licenses and authorizations are valid and effective, with no risks of invalidation[162].

Financial Performance - Total revenue for Q1 2018 reached ¥174,867,495.46, representing a 319.18% increase compared to ¥41,716,464.52 in the same period last year[7] - Net profit attributable to shareholders was ¥51,845,395.94, up 232.12% from ¥15,610,207.04 year-on-year[7] - Net profit after deducting non-recurring gains and losses was ¥52,264,714.01, a 302.59% increase from ¥12,982,159.38 in the previous year[7] - Basic earnings per share increased to ¥0.230, reflecting a 155.56% rise from ¥0.090 in the previous year[7] - The company achieved operating revenue of CNY 174.87 million in Q1 2018, a significant increase of 319.18% year-on-year, primarily due to increased revenue from online games and mobile game accelerators, as well as new internet advertising income[25] - Net profit attributable to shareholders for Q1 2018 was CNY 51.85 million, up 232.12% compared to the same period last year, with net profit from online and mobile game acceleration approximately CNY 18.06 million, reflecting a growth of about 15.66% year-on-year[25] - The total comprehensive income for Q1 2018 was ¥57,422,643.37, compared to ¥13,144,644.88 in Q1 2017, reflecting a growth of approximately 337%[47] Cash Flow and Assets - Operating cash flow for the period was ¥66,918,802.26, a significant improvement of 584.28% compared to a negative cash flow of -¥13,818,154.57 in the same period last year[7] - The cash balance at the end of the reporting period is CNY 286.41 million, down from CNY 311.20 million at the beginning of the period[37] - Accounts receivable increased to CNY 66.67 million from CNY 63.63 million, indicating a growth of approximately 4.3%[37] - Total assets amount to CNY 3,609.03 million, slightly up from CNY 3,587.55 million at the beginning of the period[38] - The company's cash and cash equivalents decreased from ¥84,809,520.63 to ¥43,635,058.18, a decline of about 48.5%[41] - Cash and cash equivalents at the end of the period stood at ¥286,408,578.31, down from ¥245,559,437.06 at the end of the previous year[54] Shareholder Information - The total number of common shareholders at the end of the reporting period is 12,103[16] - The top 10 shareholders hold the following percentages: Yuan Xu 9.84% (22,303,624 shares), Zhang Jianwei 9.57% (21,694,200 shares), Lu Jin 7.79% (17,651,893 shares), and Chen Jun 7.11% (16,109,624 shares)[16] - Yuan Xu has 19,474,524 shares pledged, while Zhang Jianwei has 15,562,919 shares pledged[16] - The company has a total of 21,694,200 shares under lock-up for the initial public offering, with a release date set for May 28, 2018[19] - The company has a total of 22,303,624 shares under lock-up for Yuan Xu, with a commitment not to transfer shares for 36 months[19] Investment and R&D - The company plans to enhance R&D investment to maintain technological leadership and mitigate risks associated with technological obsolescence[10] - The company is focusing on R&D for a comprehensive operation and maintenance management system for data centers and a cloud-based management system, aimed at enhancing operational efficiency and scalability[26] - The company plans to continue executing its annual business plan, emphasizing product R&D and market promotion efforts[26] - The company has set performance commitments for its subsidiary, Lion's Roar, with net profits of no less than ¥192 million, ¥249.6 million, and ¥324.48 million for 2017, 2018, and 2019 respectively[12] Risks and Challenges - The company acknowledges potential risks from market competition and technological advancements that could impact its market position[10] - The company is exposed to foreign exchange risks due to significant fluctuations in the RMB to USD exchange rate, impacting overseas operations[14] - The company plans to conduct foreign exchange hedging arrangements as needed to mitigate risks from currency fluctuations[14] - The company is exploring new business areas to maintain competitive advantage, but market acceptance may take time, posing risks to new ventures[14] - The company will conduct thorough industry analysis and market research to enhance product functionality and user experience, thereby reducing risks in new business development[14] - The company will strengthen risk management in external investments to mitigate uncertainties in the rapidly evolving internet industry[11] Financial Liabilities - Total liabilities decreased to CNY 531.62 million from CNY 575.15 million, reflecting a reduction of approximately 7.6%[39] - The total liabilities decreased from ¥508,872,664.39 at the beginning of the year to ¥464,927,893.65 by the end of Q1 2018, a reduction of approximately 8.6%[43] - The company's capital reserve increased to CNY 2,737.92 million from CNY 2,724.83 million, showing a growth of about 0.5%[39] Miscellaneous - The company has not conducted any repurchase transactions among the top 10 common shareholders during the reporting period[17] - The company did not undergo an audit for the first quarter report[59] - The company’s chairman is Zhang Jianwei, who presented the report on April 23, 2018[60]