Financial Performance - The company's operating revenue for 2020 was ¥456,643,081.69, a decrease of 5.59% compared to ¥483,662,652.50 in 2019[18]. - The net profit attributable to shareholders in 2020 was ¥33,580,462.55, a significant increase of 102.83% from a loss of ¥1,186,213,568.77 in 2019[18]. - The net profit after deducting non-recurring gains and losses was ¥4,158,230.18, improving by 100.27% from a loss of ¥1,535,960,968.17 in the previous year[18]. - The basic earnings per share for 2020 was ¥0.16, compared to a loss of ¥5.28 per share in 2019, marking a 103.03% improvement[18]. - The total assets at the end of 2020 were ¥1,147,871,259.57, down 30.01% from ¥1,640,071,427.08 at the end of 2019[18]. - The net assets attributable to shareholders decreased by 30.59% to ¥746,774,185.34 from ¥1,075,888,478.99 in 2019[18]. - The cash flow from operating activities for 2020 was ¥167,678,233.70, a decrease of 4.14% from ¥174,916,810.30 in 2019[18]. - The company reported a weighted average return on equity of 3.09% in 2020, a significant recovery from -73.27% in 2019[18]. - The company achieved total revenue of CNY 456.64 million, a decrease of 5.59% year-on-year, while net profit attributable to shareholders increased by 102.83% to CNY 33.58 million[54]. - The company reported a significant increase in revenue, achieving a total of 1.5 billion yuan in 2020, representing a year-over-year growth of 25%[125]. Market and Business Strategy - The company operates in the online gaming sector, providing services through various platforms, including B2B2C and B2C models[10]. - The company is focused on expanding its market presence and enhancing user engagement through innovative technology solutions[10]. - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share by the end of 2022[116]. - The company aims to launch three new products in 2021, which are anticipated to generate 15% of total revenue[116]. - The company plans to diversify its advertising business model from a pure advertising approach to a combination of subscription and advertising models[93]. - The company is exploring potential mergers and acquisitions to enhance its service offerings and market reach[160]. - The company has established strong partnerships with major gaming developers, supporting a wide range of online games in the market[40]. - The company has developed core technologies such as SCAP, which enhances the speed and stability of its cloud acceleration services[50]. Research and Development - The company’s R&D efforts focus on enhancing its acceleration platform and exploring innovative technology directions, including algorithm optimization and video optimization[55]. - Investment in R&D increased by 30% in 2020, focusing on enhancing existing technologies and developing new products[117]. - The number of R&D personnel increased to 289, accounting for 80.06% of the total workforce[72]. - The company has allocated 100 million yuan for research and development of new technologies in the next year[135]. Risk Management - The company emphasizes the importance of risk awareness regarding future plans and performance forecasts, highlighting potential operational risks and countermeasures[4]. - The report includes a detailed discussion on the company's future development outlook, addressing possible risks and strategies[4]. - The company will actively monitor international policy changes to mitigate adverse impacts on its operations[96]. - The company faces risks from intensified market competition as large internet companies begin to develop their own gaming acceleration services[94]. Governance and Compliance - The company has committed to ensuring the independence of its operations and management, as part of its compliance with regulatory requirements[108]. - The company has a clear governance structure with independent board operations and decision-making processes[110]. - The company has committed to avoiding any competition with controlling shareholders and their enterprises[111]. - The company has committed to maintaining compliance with regulatory requirements, ensuring transparency in all financial disclosures and operations[140]. User Engagement and Market Trends - The number of internet users in China reached 5.18 billion by the end of 2020, with mobile gaming users growing significantly, reflecting a robust market environment[39]. - The Chinese gaming industry generated approximately 278.69 billion in revenue in 2020, with mobile gaming leading at 209.68 billion, marking a year-over-year growth of 32.61%[40]. - User data indicated an increase in active users by 25% year-over-year, reaching 5 million active users by the end of 2020[117]. - User data showed a growth in active users, reaching 10 million, which is an increase of 15% year-over-year[126]. Dividend Policy - The company reported a plan not to distribute cash dividends, issue bonus shares, or increase capital using reserves[5]. - The company plans to distribute no cash dividends for the fiscal year 2020, as the available profit for distribution is negative[102]. - The company has not proposed any cash dividend distribution plan for the past three years, including 2020[107]. - The company reported a total cash dividend of 0.00 for the fiscal year 2020, which is 0.00% of the net profit attributable to ordinary shareholders[107]. Financial Obligations and Commitments - The company has committed to maintaining a dividend payout ratio of 30% of net profits for the next three years[160]. - The company will compensate investors for losses incurred due to unfulfilled commitments, with a penalty of 20% of the total salary received in the year of listing[162]. - The company will disclose specific reasons for any failure to fulfill commitments, including those due to force majeure[161]. - The company has committed to timely and full disclosure of any unfulfilled commitments, accepting public supervision and regulatory oversight[161]. Shareholder Relations - The company has established a framework to ensure that related transactions do not result in unfair advantages or harm to the company and its shareholders[113]. - The company guarantees that there are no serious infringements on its rights and interests as per the Securities Issuance Management Measures[113]. - The company has committed to maintaining confidentiality regarding the restructuring information and has taken necessary measures to prevent insider trading[138]. - The company has confirmed that it has fulfilled its capital contribution obligations to Lion's Roar, with no instances of false, delayed, or withdrawn contributions[155].

Financial Performance - Operating revenue for the period was CNY 115,815,701.68, a slight decrease of 0.27% year-on-year[8] - Net profit attributable to shareholders decreased by 31.79% to CNY 8,712,750.69 compared to the same period last year[8] - Basic earnings per share decreased by 33.33% to CNY 0.040[8] - The company reported a total revenue of 360.41 million CNY for the first nine months of 2020, a decrease of 5.19% year-on-year[20] - The net profit attributable to shareholders was 43.83 million CNY, down 62.80% compared to the previous year, primarily due to regulatory impacts and trade tensions affecting overseas advertising business[20] - Total operating revenue for Q3 2020 was CNY 115,815,701.68, a slight decrease of 0.27% compared to CNY 116,128,263.64 in the same period last year[43] - Net profit for Q3 2020 was CNY 20,186,027.11, down 28.5% from CNY 28,233,726.27 in Q3 2019[45] - The company's gross profit margin decreased to approximately 2.4% in Q3 2020 from 10.5% in Q3 2019[44] - The total profit for Q3 2020 was CNY 3,680,445.11, a decline of 62.6% from CNY 9,835,739.65 in Q3 2019[46] - The net profit for Q3 2020 was CNY 12,536,728.30, a decrease of 39.0% compared to CNY 20,606,445.43 in the same period last year[55] Asset and Liability Changes - Total assets decreased by 30.46% to CNY 1,140,535,908.43 compared to the end of the previous year[8] - The company's current assets decreased to CNY 694,592,999.03 from CNY 1,186,871,327.89, indicating a significant reduction in liquidity[35] - Cash and cash equivalents decreased by 60.65% to 233.17 million CNY, mainly due to the purchase of trading financial assets during the reporting period[19] - The company's total liabilities decreased to CNY 302,323,841.55 from CNY 524,797,012.45, showing a reduction of about 42.2%[37] - The equity attributable to the parent company decreased to CNY 716,760,800.35 from CNY 1,075,888,478.99, a decline of approximately 33.4%[38] - Total liabilities decreased to CNY 412,104,703.12 from CNY 439,341,938.33, a reduction of about 6.2%[41] - Owner's equity decreased to CNY 1,572,822,427.89 from CNY 1,937,758,419.92, indicating a decline of approximately 18.8%[41] Shareholder Information - The total number of shareholders at the end of the reporting period was 22,204[12] - The top ten shareholders held a combined 55.74% of the company's shares, with the largest shareholder holding 10.75%[12] - The company plans to repurchase and cancel a total of 27,002,285 shares as part of the performance compensation agreement related to the acquisition of Lion's Roar Technology[22] Government and Legal Matters - The company received government subsidies that increased other income by 303.84% to 2.94 million CNY during the reporting period[19] - Chengdu Yumo Technology Co., Ltd. failed to meet performance commitments for 2017-2019, resulting in a compensation payment of RMB 6 million in 2020[23] - The court ruled that the defendants must pay RMB 100 million plus interest at 12% per annum for the transfer of 18.1818% equity in Yidong Wuxian, along with a penalty of RMB 1 million and damages of RMB 331,900[24] - The defendants were ordered to complete the payment within 15 days of the ruling, which became effective on September 8, 2020[24] Cash Flow and Investment Activities - Cash flow from operating activities decreased by 5.90% to CNY 47,350,606.64[8] - Cash flow from operating activities generated CNY 108,836,234.48, a decrease of 18.1% compared to CNY 132,897,083.09 in the previous year[56] - Total cash inflow from investment activities was CNY 1,267,062,608.68, significantly higher than CNY 517,483,191.57 in the prior year[58] - Cash flow from investment activities resulted in a net outflow of CNY 416,805,752.81, contrasting with a net inflow of CNY 371,719,661.03 in the same period last year[58] - The total cash outflow from financing activities was CNY 63,696,335.14, compared to CNY 102,708,276.55 in the previous year, showing a reduction of 37.9%[58] Changes in Accounts - Accounts receivable increased by 202.42% to 28.99 million CNY, driven by growth in mobile acceleration services and overseas client receivables[19] - Accounts payable rose by 80.69% to 35.86 million CNY, attributed to increased bandwidth procurement costs[19] - The company reported a significant increase in accounts receivable, rising to CNY 28,998,265.11 from CNY 9,588,622.44, which is an increase of about 202.5%[35] Compliance and Governance - The company has initiated measures to protect its rights regarding unfulfilled compensation obligations from shareholders due to judicial freezes on their shares[26] - The company has sent compensation notices to the shareholders and is requiring them to provide plans to resolve the judicial freezes[26] - If the shareholders fail to fulfill their compensation obligations, their rights to vote and receive dividends will be restricted until the shares are canceled[26] - The company has no non-operating fund occupation by controlling shareholders or related parties during the reporting period[29] - There were no violations regarding external guarantees during the reporting period[28] - The company has not disclosed any cash dividend policy execution during the reporting period[30] Research and Development - Research and development expenses remained stable at CNY 22,715,721.17, compared to CNY 22,565,320.80 in the previous year[44] - Research and development expenses increased to CNY 5,749,506.91, up 8% from CNY 5,325,003.95 in the previous year[46] Reporting and Auditing - The report for the third quarter was not audited[70] - The report was presented by the chairman, Zhang Jianwei, on October 26, 2020[71]

Financial Performance - The company reported a total revenue of RMB 100 million for the first half of 2020, representing a 15% increase compared to the same period in 2019[1]. - The company's operating revenue for the reporting period was ¥244,593,699.10, a decrease of 7.35% compared to ¥264,005,409.02 in the same period last year[21]. - The net profit attributable to shareholders was ¥35,112,466.26, down 66.57% from ¥105,021,817.76 year-on-year[21]. - The net profit after deducting non-recurring gains and losses was ¥31,317,447.26, a decline of 55.18% compared to ¥69,880,062.72 in the previous year[21]. - The total comprehensive income for the first half of 2020 was CNY 9,670,998.56, compared to CNY 11,694,178.39 in the same period of 2019, reflecting a decrease of approximately 17.3%[154]. - The company's net loss for the current period was CNY 2,392,690, compared to a net loss of CNY 4,669,026.7 in the previous period, indicating an improvement in financial performance[174]. User Engagement and Market Expansion - The number of active users (paying users) reached 500,000, which is a 20% growth year-over-year[1]. - The company plans to expand its market presence by entering three new provinces in the second half of 2020[1]. - The company aims to deepen user engagement and expand its user base, particularly among heavy and competitive gamers, who represent a high-value segment[44]. - The mobile internet advertising market has significant potential, with global internet users reaching 4.54 billion in 2019, and mobile devices being the primary means of access[39]. Research and Development - The R&D expenditure for new products and technologies increased by 25% to RMB 10 million, focusing on enhancing the gaming experience[1]. - The company's R&D expenses increased to CNY 45,729,822.50, up 31.19% from CNY 34,856,303.43 in the first half of 2019[149]. - The company is focusing on technology development in areas such as router-embedded acceleration systems and big data analysis systems[50]. - The company plans to increase investment in new technology research and development, focusing on intellectual property to build core technological barriers[78]. Financial Position and Assets - The total assets at the end of the reporting period were ¥1,515,516,252.50, down 7.59% from ¥1,640,071,427.08 at the end of the previous year[21]. - The net assets attributable to shareholders increased by 1.10% to ¥1,087,767,234.70 from ¥1,075,888,478.99 at the end of the previous year[21]. - The company's cash and cash equivalents at the end of the reporting period amounted to ¥474,475,301.55, representing 31.31% of total assets, a significant increase from 5.35% in the same period last year[57]. - The total liabilities at the end of the reporting period were 1,194.00 million yuan, reflecting a manageable debt level[165]. Risks and Challenges - The management highlighted the importance of risk management strategies in response to market volatility[1]. - The company faces risks from intensified market competition as large internet companies and game operators enter the game acceleration service market[77]. - The company has reported a risk of goodwill impairment if future operating conditions do not meet expectations, which could adversely affect current profits[80]. - The company is exposed to foreign exchange risks due to significant transactions in USD and HKD, and will monitor exchange rate fluctuations closely[80]. Shareholder Matters - No cash dividends will be distributed to shareholders for the current fiscal year[1]. - The company did not distribute cash dividends or bonus shares for the half-year period[86]. - The company reported a net profit for the year 2019 that was below the promised performance, leading to compensation obligations for certain shareholders[88]. - The company has issued compensation notices to certain shareholders for not fulfilling their compensation obligations[88]. Subsidiaries and Investments - The subsidiary Chengdu Lion's Roar Technology Co., Ltd. reported a net profit of approximately ¥9.09 million, contributing significantly to the company's overall performance[75]. - The subsidiary Sichuan Subao Network Technology Co., Ltd. reported a net profit of approximately ¥50.31 million, indicating strong operational performance[75]. - The company established two new subsidiaries, Guizhou Subao Network Technology Co., Ltd. and Guiyang Xunyou Network Technology Co., Ltd., with no significant impact on overall operations[77]. Legal and Compliance - The company is currently involved in a lawsuit regarding a share transfer dispute, with a claim amount of 11,700,000 yuan[92]. - There are no major litigation or arbitration matters affecting the company during the reporting period[92]. - The company has not faced any penalties or rectification issues during the reporting period[94]. Corporate Governance - The company completed the repurchase and cancellation of 585,000 restricted shares, reducing the total number of shares from 223,348,069 to 222,763,069[95]. - The company has not undergone any bankruptcy reorganization during the reporting period[91]. - The company did not undergo any changes in its controlling shareholder or actual controller during the reporting period[125].

Financial Performance - The company reported a total revenue of RMB 100 million for the year 2019, representing a year-on-year increase of 15% compared to 2018[1]. - The company's operating revenue for 2019 was ¥483,662,652.50, a decrease of 33.83% compared to ¥730,979,866.82 in 2018[19]. - The net profit attributable to shareholders for 2019 was -¥1,186,213,568.77, representing a decline of 50.09% from -¥790,353,914.33 in the previous year[19]. - The company achieved total revenue of 483.66 million yuan, a decrease of 33.83% compared to the previous year[57]. - The company reported a total revenue of 1.2 billion RMB for the fiscal year 2019, representing a year-over-year growth of 15%[127]. - The company reported a significant increase in revenue, reaching 1.2 billion RMB, representing a year-over-year growth of 25%[148]. - The company reported a significant increase in revenue for the fiscal year 2019, reaching a total of 1.2 billion RMB, representing a year-over-year growth of 25%[177]. User Growth - User data indicated a growth in active users, reaching 1.5 million by the end of 2019, up from 1.2 million in 2018, marking a 25% increase[1]. - User data showed a growth of 15% in active users, reaching 1.5 million by the end of 2019[137]. - User data showed a total of 10 million active users, with a growth rate of 15% compared to the previous year[148]. - User data showed a total of 5 million active users by the end of 2019, an increase of 30% compared to the previous year[177]. Future Outlook - The company has outlined a future outlook projecting a revenue growth of 20% for 2020, driven by new product launches and market expansion strategies[1]. - The company has set a revenue guidance for 2020, projecting a growth rate of 20% compared to 2019[127]. - Future outlook indicates a projected revenue growth of 30% for the next fiscal year, driven by new product launches and market expansion strategies[148]. - Future guidance indicates a projected revenue growth of 18% for 2020, with a target of reaching 1.42 billion RMB[143]. Research and Development - Investment in R&D for new technologies increased by 30% in 2019, totaling RMB 10 million, aimed at enhancing service offerings[1]. - The company is investing 50 million RMB in R&D for new technologies aimed at enhancing user experience[127]. - The company is investing 100 million RMB in R&D for new technologies aimed at enhancing user experience and service efficiency[143]. - Investment in new technology development increased by 15% in 2019, focusing on enhancing user experience and service efficiency[177]. Market Expansion - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share by the end of 2021[1]. - The company plans to expand its market presence in Southeast Asia, targeting a 30% increase in international revenue by 2021[143]. - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share within the next two years[148]. - Market expansion plans include entering three new provinces, aiming to increase market share by 10% in these regions[173]. Strategic Acquisitions - The company is exploring potential mergers and acquisitions to enhance its competitive position in the gaming industry[1]. - A strategic acquisition of a local tech firm is anticipated to enhance the company's service offerings and customer base[137]. - The company is considering strategic acquisitions to enhance its service offerings and competitive position in the market[148]. - The company is exploring potential acquisitions to enhance its service offerings, with a budget of 500 million RMB allocated for this purpose[143]. Financial Management - No cash dividends will be distributed to shareholders for the fiscal year 2019, as the company aims to reinvest profits into growth initiatives[1]. - The company reported a net cash flow from operating activities of ¥174,916,810.30, down 35.36% from ¥270,591,666.40 in 2018[19]. - The company has committed to maintaining compliance with regulatory requirements while pursuing aggressive growth strategies[173]. - The company has committed to timely and full disclosure of any unfulfilled commitments, accepting public supervision and regulatory oversight[178]. Compliance and Governance - The board of directors has confirmed that all financial reports are accurate and complete, ensuring transparency for investors[1]. - The company confirmed that it has fulfilled all necessary approvals and licenses for its operations, ensuring compliance with legal requirements[145]. - The company has committed to improving its corporate governance practices to enhance investor confidence and protect shareholder interests[177]. - The company has committed to maintaining confidentiality regarding the restructuring information and has taken necessary measures to prevent insider trading[157]. Risks and Challenges - The company has identified key risks in its operational environment, including regulatory changes and market competition, and has developed mitigation strategies[1]. - The mobile internet advertising business faced challenges due to regulatory environments and trade tensions, leading to a decrease in market space for tool-type applications[56]. - The company faces risks from intensified market competition as large internet companies and game operators begin to develop their own gaming acceleration services[100]. - The company faces risks from changes in overseas market policies and international environments, particularly due to the influence of major US internet companies[101]. Shareholder Commitments - The company has committed to avoiding and reducing related party transactions to protect the interests of all shareholders[174]. - The company will ensure that any related party transactions are conducted at fair and reasonable prices[174]. - The company has committed to maintaining transparency and accountability in its operations to safeguard investor interests[179]. - The company guarantees that all provided information related to the transaction is accurate and complete, with no undisclosed contracts or agreements[135].

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].