Financial Performance - The company's operating revenue for the first half of 2022 was RMB 308,236,779.08, representing a 58.77% increase compared to RMB 194,137,288.18 in the same period last year[24]. - The net profit attributable to shareholders of the listed company was RMB 10,746,321.78, a decrease of 91.85% from RMB 131,891,299.02 in the previous year[24]. - The net profit after deducting non-recurring gains and losses was RMB 75,383,091.04, showing a significant increase of 501.62% compared to RMB 12,530,020.46 in the same period last year[24]. - Basic earnings per share decreased by 93.07% to RMB 0.07 from RMB 1.01 in the same period last year[24]. - The company reported a significant loss of RMB 89,663,028.01 from the fair value changes of trading financial assets[28]. - The company achieved operating revenue of 308.24 million yuan, a year-on-year increase of 58.77%[32]. - The net profit attributable to shareholders was 10.75 million yuan, a significant decline of 91.85% due to a fair value loss of 89.66 million yuan from stock holdings[33]. - The net profit excluding non-recurring gains and losses was 75.38 million yuan, a substantial increase of 501.62%[34]. - The company reported a significant decrease in income tax expenses by 75.18% to ¥13,084,286.30, mainly due to a reduction in deferred income tax expenses[54]. - The company's total comprehensive income for the first half of 2022 was CNY 91,209,633.17, down from CNY 178,174,729.06 in the previous year, reflecting a decline of approximately 48.9%[152]. Cash Flow and Investments - The net cash flow from operating activities was RMB 38,768,077.08, down 37.60% from RMB 62,127,169.37 in the previous year[24]. - The company's investment activities generated a net cash outflow of ¥-3,254,769.67, primarily due to the purchase of intangible assets and increased payments for equity acquisitions[54]. - The cash outflow from investing activities was CNY 18,621,198.22 in the first half of 2022, compared to CNY 13,763,512.27 in the first half of 2021, representing a 35.5% increase[157]. - The cash outflow from financing activities was CNY 65,188,371.45 in the first half of 2022, a decrease of 25.4% from CNY 87,344,871.18 in the first half of 2021[158]. - The total cash and cash equivalents at the end of the first half of 2022 stood at CNY 613,771,879.00, up from CNY 411,375,927.68 at the end of the first half of 2021[158]. Assets and Liabilities - Total assets at the end of the reporting period were RMB 1,721,332,336.70, a slight increase of 0.54% from RMB 1,712,040,228.88 at the end of the previous year[24]. - The total liabilities decreased from CNY 483,996,407.10 at the beginning of the year to CNY 410,097,442.18 as of June 30, 2022, reflecting a reduction of approximately 15.3%[146]. - The equity attributable to shareholders of the parent company increased to CNY 1,226,867,957.21 from CNY 1,171,575,610.54, showing a growth of about 4.7%[146]. - The accounts receivable increased by 33.43% to ¥98,335,107.72, mainly due to an increase in receivables from internet advertising agency services[60]. - The company's total assets as of June 30, 2022, amounted to CNY 1,721,332,336.70, slightly up from CNY 1,712,040,228.88 at the beginning of the year[146]. Market and Strategic Focus - The company shifted its focus from Taobao to Kuaishou for its self-operated business, reflecting strategic adjustments in its e-commerce operations[41]. - The company has a well-defined market strategy focusing on the rapidly growing live streaming e-commerce sector, enhancing its business model and revenue streams[51]. - The live e-commerce market is projected to exceed 4.9 trillion yuan by 2023, indicating rapid growth in the sector[38]. - The company plans to continue expanding its market presence and enhancing its product offerings to meet customer demands[78]. - The company has maintained a strong market position in Southeast Asia, leveraging early entry advantages and local partnerships to capture market share in the gaming sector[50]. Risk Management - The company has outlined potential risks and corresponding measures in its management discussion section[4]. - The company is facing risks related to new game development, market competition, and potential core personnel turnover, which could impact future performance[78][79]. - The company has implemented measures to mitigate risks associated with game product lifecycle and knowledge property rights[80][81]. - The company emphasizes information security and has implemented comprehensive risk control measures to protect user data and privacy[48]. Shareholder and Governance - The company plans not to distribute cash dividends or issue bonus shares[5]. - The controlling shareholder, Mr. Chen Yongrui, holds 37,389,369 shares, accounting for 36.75% of the total share capital, with all shares frozen[105]. - The company has not engaged in any entrusted financial management, derivative investments, or entrusted loans during the reporting period[71][72][73]. - The company did not experience any bankruptcy reorganization during the reporting period[103]. - The company has actively communicated with investors through various channels, enhancing transparency and protecting investor interests[95]. Research and Development - The company has a total of 10 patents and 825 software copyrights as of June 30, 2022, reflecting its commitment to innovation and intellectual property[50]. - Research and development investment slightly decreased by 4.01% to ¥9,326,737.45[54]. - The company aims to enhance its research and development efforts to innovate and improve its product offerings in the upcoming quarters[164]. Compliance and Reporting - The semi-annual financial report was not audited[101]. - The financial report was approved for release on August 29, 2022[180]. - The company adheres to the accounting standards and ensures that the financial statements reflect its financial status accurately[187].

Financial Performance - The company's operating revenue for 2021 was ¥479,831,659.49, representing a 135.67% increase compared to ¥203,606,129.39 in 2020[27]. - The net profit attributable to shareholders for 2021 was ¥209,341,138.76, a 41.74% increase from ¥147,698,240.44 in 2020[27]. - The net profit after deducting non-recurring gains and losses was ¥62,372,963.82, showing a significant increase of 213.93% from ¥19,868,627.91 in 2020[27]. - The net cash flow from operating activities reached ¥315,438,477.74, up 171.65% from ¥116,121,063.14 in 2020[27]. - The total assets at the end of 2021 were ¥1,712,040,228.88, a 26.89% increase from ¥1,349,225,891.99 at the end of 2020[27]. - The weighted average return on equity for 2021 was 21.58%, an increase of 2.87% from 18.71% in 2020[27]. - The company reported a basic earnings per share of ¥2.06, which is a 30.38% increase from ¥1.58 in 2020[27]. - The company achieved a total revenue of CNY 479.83 million in 2021, representing a year-on-year growth of 135.67%[50]. - The net profit attributable to shareholders was CNY 209.34 million, an increase of 41.74% year-on-year, with a basic earnings per share of CNY 2.06, up 30.38%[51]. - The company's total assets grew by 26.61% to CNY 1.71 billion, while equity attributable to shareholders increased by 35.16% to CNY 1.17 billion[52]. Market and Competition - The company faces risks related to the rapid updates and competition in the mobile gaming industry, which could impact its ability to retain and attract customers[5][6]. - The company is focused on developing new games to meet customer demands and expand market share amid intense competition[6]. - The company is strategically positioned in the Southeast Asian gaming market, leveraging early entry advantages and local partnerships to capture market share[48]. - The company is at risk of declining performance due to intense competition in the mobile gaming industry, necessitating continuous development of new quality games to retain and attract customers[92]. - The company acknowledges the impact of increased competition and marketing costs on user acquisition and retention in the gaming sector[174]. Regulatory and Compliance - The company is exposed to regulatory risks as it expands its overseas projects, which could adversely affect its performance if local regulations change unfavorably[9]. - The company operates under a comprehensive legal framework, including adherence to the Company Law and Securities Law of the People's Republic of China[21]. - The company has not faced penalties for advertising violations during the reporting period, but risks remain if due diligence is insufficient[13]. - The company adheres to legal and regulatory requirements to ensure good corporate governance and protect shareholder rights, maintaining independence from its controlling shareholder[100]. - The company has a total of 7 directors, including 3 independent directors, complying with legal and regulatory requirements[101]. Corporate Governance - The company has established a comprehensive internal control system to effectively manage operational risks and ensure compliance with relevant laws and regulations[138]. - The company maintains an independent business system and operational capability, with no overlapping business activities with the controlling shareholder[104]. - The company has established an independent financial department with dedicated accounting personnel for financial decision-making[104]. - The company ensures timely and accurate information disclosure, adhering to relevant laws and regulations[103]. - The company has a structured approach to remuneration, ensuring it aligns with annual performance completion[114]. Research and Development - The company has a strong competitive edge with a well-established R&D team and management, focusing on mobile game development and e-commerce expansion[47]. - Research and development expenses amounted to 18.82 million yuan, accounting for 3.92% of total revenue, a decrease from 9.21% in the previous year[69]. - Investment in research and development has increased by 30%, focusing on innovative technologies to drive future growth[170]. Dividend and Profit Distribution - The company plans to distribute a cash dividend of 2.00 RMB per 10 shares (including tax) and to increase capital by 4 shares for every 10 shares held[14]. - The company's distributable profits amount to 544,969,290.92 yuan, with the total cash dividend representing 100% of the profit distribution[131]. - The cash dividend distribution plan is aligned with the company's current situation and aims to support sustainable operations and shareholder interests[133]. Employee and Talent Management - The company emphasizes the importance of retaining core personnel to maintain its competitive edge and plans to enhance talent acquisition and retention strategies[93]. - The company had a total of 266 employees at the end of the reporting period, with 60 in the parent company and 206 in major subsidiaries[126]. - The employee composition includes 101 sales personnel, 87 technical staff, 24 financial staff, and 54 administrative personnel[126]. - The company continues to implement a competitive and performance-based compensation policy to motivate employees and enhance productivity[127]. Future Outlook and Strategic Initiatives - The company expects revenue growth of 15% for the next fiscal year, projecting total revenue to reach 1.15 billion RMB[164]. - The company plans to implement cost-cutting measures aimed at reducing operational expenses by 5% in the upcoming year[163]. - The company is expanding its market presence in Southeast Asia, targeting a 10% market share by the end of 2023[166]. - A strategic acquisition of a smaller tech firm is in progress, expected to close by Q3 2022, which will enhance the company's technological capabilities[165]. Risks and Challenges - The lifecycle of gaming products poses a risk, as failure to update and promote existing games could lead to rapid revenue declines[10]. - The company faces risks related to new game development and operation, including high costs and the potential for underperformance, which could negatively impact profitability if successful games are not launched in a timely manner[92]. - The company is aware of the risks associated with changing industry regulations and conducts thorough market and regulatory research before entering new markets[94].

深圳市盛讯达科技股份有限公司 2022 年第一季度报告全文 证券代码：300518 证券简称：盛讯达 公告编号：2022-019 深圳市盛讯达科技股份有限公司 2022 年第一季度报告 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。 重要内容提示: 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、完整，不存在虚假记载、误 导性陈述或重大遗漏，并承担个别和连带的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报告中财务信息的 真实、准确、完整。 3.第一季度报告是否经过审计 □ 是 √ 否 一、主要财务数据 (一)主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期 | 上年同期 | 本报告期比上年同期增减 | | --- | --- | --- | --- | | 营业收入（元） | 201,277,341.24 | 92,587,836.42 | 117.39% | | 归属于上市公司股东的净利润（元） | 7,521,469.21 | 29,14 ...

Financial Performance - The company's revenue for Q3 2021 reached ¥132,647,692.40, representing a 239.30% increase compared to the same period last year[3] - Net profit attributable to shareholders was ¥60,397,812.50, a significant increase of 905.28% year-on-year[3] - The basic earnings per share (EPS) was ¥0.59, reflecting an increase of 883.33% compared to the same quarter last year[9] - Total operating revenue for Q3 2021 reached ¥326,784,980.58, a significant increase from ¥127,062,676.26 in the same period last year, representing a growth of approximately 157.5%[20] - Operating profit for the quarter was ¥358,297,109.49, compared to ¥76,378,647.18 in Q3 2020, indicating an increase of about 368.5%[21] - Net profit for Q3 2021 was ¥276,091,432.80, up from ¥65,626,464.72 in Q3 2020, reflecting a growth of approximately 320.5%[21] - The company reported a total comprehensive income of ¥275,506,613.10 for the quarter, compared to ¥63,198,056.48 in Q3 2020, an increase of approximately 336%[21] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥1,596,144,912.73, an increase of 18.30% from the end of the previous year[4] - The company's total liabilities decreased to ¥432,141,977.78 from ¥460,729,570.14 year-over-year, a reduction of about 6.3%[20] - Total equity increased to ¥1,164,002,934.95, compared to ¥888,496,321.85 in the previous year, marking a growth of approximately 31%[20] - The total assets of the company reached ¥1,596,144,912.73, up from ¥1,349,225,891.99 year-over-year, reflecting a growth of about 18.3%[20] - Total liabilities amounted to CNY 460,729,570.14, with current liabilities totaling CNY 341,968,144.86[29] - Non-current liabilities totaled CNY 118,761,425.28, including long-term payables of CNY 106,031,250.00[29] Cash Flow - The company reported a cash flow from operating activities of ¥128,674,481.76, which is a 350.46% increase year-to-date[8] - Operating cash flow for the period reached ¥128,674,481.76, a significant increase of 350.5% compared to ¥28,565,092.94 in the previous period[23] - Total cash inflow from operating activities was ¥670,851,728.94, up from ¥175,236,311.60, reflecting strong sales growth[23] - Cash outflow from operating activities totaled ¥542,177,247.18, compared to ¥146,671,218.66 in the prior period, indicating increased operational expenses[23] - The ending balance of cash and cash equivalents was ¥487,715,254.65, up from ¥196,173,890.79, indicating improved liquidity[25] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 11,349[11] - The company reported a total of 8,428,747 shares under lock-up agreements, primarily due to stock incentive plans[15] - The company has no preferred shareholders or significant changes in restricted shares during the reporting period[13] Growth and Strategy - The increase in revenue was primarily driven by the growth in the live e-commerce business[8] - The company is focused on maintaining a strong cash position to support future growth and potential acquisitions[16] - The company plans to continue expanding its market presence and investing in new technologies and products[16] Research and Development - Research and development expenses for the quarter were ¥14,545,353.09, slightly up from ¥13,481,139.40 in Q3 2020, indicating a focus on innovation[20] Other Comprehensive Income - The company’s other comprehensive income after tax was -¥584,819.70, an improvement from -¥2,428,408.24 in the previous year, indicating a reduction in losses[21] Accounting Changes - The company adjusted its financial statements for the first-time implementation of new leasing standards, impacting the balance sheet[26] - The company adopted the new leasing standards effective January 1, 2021, impacting the recognition of lease liabilities and right-of-use assets[31] Audit Status - The third quarter report was not audited, indicating preliminary financial results[32]

Financial Performance - The company's operating revenue for the first half of 2021 was ¥194,137,288.18, representing a 120.69% increase compared to ¥87,968,111.07 in the same period last year[21]. - The net profit attributable to shareholders was ¥131,891,299.02, up 121.62% from ¥59,512,683.49 in the previous year[21]. - The net cash flow from operating activities reached ¥62,127,169.37, a significant increase of 151.91% compared to ¥24,662,399.19 in the same period last year[21]. - Basic earnings per share were ¥1.30, reflecting a 103.13% increase from ¥0.64 in the previous year[21]. - The company's revenue for the first half of 2021 reached ¥194,137,288.18, representing a 120.69% increase compared to ¥87,968,111.07 in the same period last year, primarily due to the growth in live streaming e-commerce revenue[41]. - The live streaming e-commerce business generated ¥137,087,684.71 in revenue, accounting for 70.61% of total revenue, with a net profit contribution of ¥9,681,840, representing 37.44% of the net profit attributable to shareholders[41]. - The company's gross profit margin for the live streaming e-commerce business was 98.90%, while the gaming business had a gross profit margin of 96.16%[42]. - The company reported a significant increase in income tax expenses, which rose by 365.07% to ¥52,714,943.29 from ¥11,334,723.33 in the previous year[41]. - The company reported a total comprehensive income of CNY 178,174,729.06 for the first half of 2021, compared to CNY 60,953,726.57 in the same period of 2020, indicating a growth of approximately 192%[136]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,483,496,751.58, a 9.95% increase from ¥1,349,225,891.99 at the end of the previous year[21]. - The net assets attributable to shareholders increased by 15.10% to ¥997,705,788.55 from ¥866,804,532.15 at the end of the previous year[21]. - As of the end of the reporting period, cash and cash equivalents amounted to ¥412,116,851.50, a decrease of 4.46% compared to the previous year-end figure of ¥434,942,714.47[46]. - Accounts receivable increased to ¥66,747,709.87, representing 4.50% of total assets, up from 3.55% or ¥47,909,178.04 in the previous year, primarily due to increased receivables from internet advertising agency business[46]. - Total liabilities decreased, with short-term borrowings down to zero from ¥50,083,263.89, reflecting repayment of bank loans during the reporting period[46]. - The total liabilities decreased to ¥620,281,987.55 from ¥664,852,916.11, reflecting a reduction of approximately 6.7%[132]. Business Operations - The company's main business includes gaming, live e-commerce, and internet advertising agency services[28]. - In the gaming sector, the domestic market achieved actual sales revenue of CNY 150.49 billion in the first half of 2021, a year-on-year increase of 7.89%[30]. - The mobile gaming market generated actual sales revenue of CNY 114.77 billion, with a year-on-year growth of 9.65%[30]. - The live e-commerce business generated total transaction amounts of CNY 1.21 billion during the reporting period, with 22.87 million total orders[32]. - The company's e-commerce revenue from third-party platforms reached CNY 143.57 million, accounting for 99.98% of total revenue[32]. - The average consumption amount per order in the live e-commerce segment was CNY 53[32]. - The live e-commerce penetration rate in online retail reached 9.0% in 2020, expected to rise to 13.6% in 2021[31]. - The company has established a strong partnership with over 500 brands in the snack food category, enhancing its position in the live streaming e-commerce market[41]. Research and Development - The company has established a strong R&D team with extensive experience in mobile game development, enabling it to launch high-quality games[36]. - Research and development expenses increased by 8.79% to ¥9,716,317.08 compared to ¥8,931,083.37 in the previous year[41]. - The company plans to enhance its information systems and invest in technology teams to ensure data security and improve operational efficiency[35]. Risk Management - The company has outlined potential risk factors and countermeasures in the report, which investors are encouraged to review[4]. - The company faces risks related to new game development and market competition, emphasizing the need for continuous innovation and player engagement to maintain market share[63][65]. - The company has implemented measures to mitigate risks associated with talent retention, ensuring a stable and skilled workforce to support business growth[65]. - The company is conducting thorough market and regulatory research to navigate potential risks from changing industry policies, especially for overseas projects[66]. - The company emphasizes strict quality control in its live commerce operations to prevent food safety issues, despite having no major incidents reported[68]. Shareholder Information - The annual shareholder meeting had a participation rate of 41.51%, indicating active investor engagement in corporate governance[72]. - The company plans not to distribute cash dividends or issue bonus shares for the semi-annual period[74]. - A total of 8.4006 million restricted stocks were granted to 12 incentive objects at a price of 17.53 CNY per share, with the stock listed on December 15, 2020[75]. - The performance assessment for the year 2020 achieved a net profit of 36.329 million CNY, exceeding the target of 20 million CNY[75]. - The company has established a stable profit distribution policy and actively communicates with investors to enhance transparency[78]. Corporate Governance - The company has not engaged in any major litigation or arbitration matters during the reporting period[87]. - The financial report for the first half of 2021 was not audited[123]. - The company did not engage in any repurchase transactions during the reporting period[113]. - There were no changes in the shareholding of directors, supervisors, and senior management during the reporting period[114]. - The company reported no significant environmental issues or administrative penalties during the reporting period[77]. Future Outlook - The company plans to continue investing in new technologies and market expansion strategies to drive future growth[154]. - The financial results indicate a positive outlook for the remainder of 2021, with expectations of continued revenue growth and profitability[154].

Financial Performance - The company's revenue for Q1 2021 was ¥92,587,836.42, representing a 126.84% increase compared to ¥40,815,799.30 in the same period last year[7]. - Net profit attributable to shareholders decreased by 47.21% to ¥29,145,462.32 from ¥55,210,513.59 year-on-year[7]. - The net profit after deducting non-recurring gains and losses surged by 1,895.99% to ¥27,149,247.08, compared to a loss of ¥1,511,661.51 in the previous year[7]. - Basic and diluted earnings per share fell by 50.85% to ¥0.29 from ¥0.59 year-on-year[7]. - The company achieved operating revenue of 92.59 million yuan in Q1 2021, a year-on-year increase of 126.84%, primarily driven by the rapid growth of its live e-commerce business[20]. - The company reported a net profit attributable to shareholders of the parent company, with basic earnings per share of 0.29 yuan, a decrease of 50.85% compared to the previous period[19]. - The company reported a net loss of CNY 6,139,867.55 in Q1 2021, contrasting with a net profit of CNY 44,927,150.58 in the same period last year[49]. - The total comprehensive income for Q1 2021 was CNY 51,377,701.13, down from CNY 56,725,802.22 year-over-year[45]. Cash Flow and Assets - Operating cash flow increased by 81.75% to ¥26,136,029.49 from ¥14,380,165.57 in the same period last year[7]. - The company's cash flow from operating activities increased by 81.75% to 26.14 million yuan, attributed to higher cash receipts from sales of goods and services[19]. - The company's cash and cash equivalents decreased to ¥425.61 million from ¥434.94 million, a decline of approximately 2.99%[34]. - Total current assets rose to ¥597.39 million from ¥563.77 million, an increase of about 5.95%[34]. - Total assets at the end of the reporting period were ¥1,376,158,534.74, a 2.00% increase from ¥1,349,225,891.99 at the end of the previous year[7]. - The company's cash inflow from operating activities was CNY 77,905,300.01, compared to CNY 41,392,598.96 in the previous year[51]. - The ending cash and cash equivalents balance was CNY 425,611,263.44, down from CNY 343,974,804.19 in Q1 2020, reflecting a decrease of 22.5%[53]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 9,686[11]. - The largest shareholder, Chen Yongrui, holds 40.71% of the shares, amounting to 41,423,152 shares, with some shares pledged and frozen[11]. - Net assets attributable to shareholders increased by 3.42% to ¥896,439,167.43 from ¥866,804,532.15 at the end of the previous year[7]. Liabilities and Equity - Total liabilities decreased to CNY 612,204,794.92 from CNY 664,852,916.11, indicating a reduction in financial obligations[40]. - The company's total liabilities to equity ratio improved to 0.585 from 0.631, indicating a stronger equity position relative to liabilities[40]. - The total equity attributable to shareholders increased to CNY 1,046,951,422.60 from CNY 1,053,091,290.15, showing a slight decline[40]. - The company’s retained earnings stood at CNY 380,169,838.13, indicating a solid profit retention strategy[60]. Operational Insights - Accounts receivable increased by 77.93% to 85.24 million yuan, mainly due to the rise in receivables from internet advertising agency services[18]. - The company’s inventory reached 1.88 million yuan, reflecting the new e-commerce direct sales business initiated by its subsidiary[18]. - The company’s management expenses rose by 76.33% to 7.52 million yuan, mainly due to increased consulting fees paid to intermediaries[18]. - The company’s investment income improved by 89.17%, reflecting better profitability from its associate company as the pandemic situation improved[18]. - The company’s top five customers contributed 20.05% of total sales revenue, indicating a shift towards live e-commerce and internet advertising clients[21]. Risks and Compliance - The company faces risks related to the lifecycle of gaming products, which may lead to rapid revenue decline if not managed properly[24]. - The company emphasizes the importance of retaining core personnel to maintain competitive advantages in the gaming industry[23]. - The company is actively seeking to expand its customer base while maintaining existing clients to mitigate competitive risks[23]. - The company is committed to complying with regulatory requirements in new markets to minimize policy-related risks[24]. - The company has implemented measures to enhance awareness of intellectual property rights among employees to mitigate infringement risks[25]. Research and Development - Research and development expenses for the quarter were CNY 4,749,344.35, compared to CNY 4,519,136.36 in the previous period, indicating continued investment in innovation[43]. - The company’s research and development expenses for Q1 2021 were CNY 2,159,021.95, slightly higher than CNY 2,132,848.59 in the previous year[47].

Financial Performance - The company's operating revenue for 2020 was ¥203,606,129.39, a decrease of 5.55% compared to ¥215,563,253.83 in 2019[23]. - The net profit attributable to shareholders in 2020 was ¥147,698,240.44, a significant increase of 165.42% from a loss of ¥225,769,171.13 in 2019[23]. - The net profit after deducting non-recurring gains and losses was ¥19,868,627.91, up 106.86% from a loss of ¥289,464,986.43 in 2019[23]. - The basic earnings per share for 2020 was ¥1.58, compared to a loss of ¥2.42 per share in 2019, marking a 165.29% improvement[23]. - The total assets at the end of 2020 were ¥1,349,225,891.99, a slight increase of 0.72% from ¥1,339,643,647.48 at the end of 2019[23]. - The net assets attributable to shareholders increased by 20.38% to ¥866,804,532.15 from ¥720,069,881.08 at the end of 2019[23]. - The company reported a net cash flow from operating activities of ¥116,121,063.14, down 13.84% from ¥134,767,164.80 in 2019[23]. - The company achieved a total profit of 185.56 million yuan, an increase of 192.62% compared to the same period last year[4]. - The company’s total revenue for the reporting period was 203.61 million yuan, a decrease of 5.55% from 215.56 million yuan in the previous year[50]. - The company’s total assets at the end of the reporting period were 1.35 billion yuan, a 0.72% increase from the beginning of the year[47]. Revenue Breakdown - Revenue from value-added telecom services was CNY 42.47 million, down 49.16% year-on-year due to market changes and the impact of the pandemic[43]. - Game development revenue was CNY 85.32 million, a decline of 22.91%, primarily due to a drop in entrusted game development income by CNY 16.84 million, a decrease of 58%[44]. - The company's platform operation revenue reached CNY 66.48 million, accounting for 32.65% of total revenue, an increase of 4.17% year-on-year[44]. - Revenue from the live e-commerce business reached 46.53 million yuan, accounting for 22.86% of total revenue and 35.15% of the company's gross profit[4]. - The company's game business generated revenue of 85.33 million yuan, contributing 41.91% to total revenue, but saw a decline of 22.91% compared to the previous year[50]. Profit Distribution - The company reported a profit distribution plan for 2020, stating no cash dividends will be distributed, and the remaining undistributed profits will be carried forward to the next year[11]. - The company’s available distributable profit for 2020 was CNY 410,899,134.04, but no dividends were proposed, with the remaining profits carried forward to the next year[104]. - The company’s cash dividend policy remains unchanged, with no adjustments made during the reporting period[103]. - The company reported a net profit of CNY 147,698,240.44 for 2020, with no cash dividends distributed, resulting in a cash dividend payout ratio of 0.00%[107]. - The company plans to allocate over CNY 53 million for equity transfer and other investment payments in 2021, including CNY 48,566,500 for the acquisition of Zhonglian Changxiang[108]. Risks and Challenges - The company faces risks related to new game development and operation, including high costs and potential failure to meet market demands, which could adversely affect profitability[4]. - The competitive landscape in the mobile gaming industry is intense, and failure to develop new quality games may lead to a decline in market share and customer retention[5]. - The company is exposed to risks from changing industry regulations, particularly for its overseas projects and live streaming business, which could negatively impact performance[8]. - The lifecycle of gaming products presents risks, as failure to update and promote existing games could lead to rapid revenue declines[9]. - The company may face intellectual property risks during game development, which could result in legal liabilities and operational disruptions if infringement claims arise[10]. Operational Developments - The company has established a data-driven operational system to enhance business quality and profitability, focusing on user behavior analysis[39]. - The company is actively expanding into the live e-commerce sector, with 3.88 million users engaging in e-commerce live streaming by the end of 2020, representing 39.2% of internet users[37]. - The company introduced new business lines, including live e-commerce and internet advertising agency services during the reporting period[61]. - The company has established a comprehensive game operation system, enhancing its ability to meet player demands across multiple countries and regions[93]. - The newly developed game "Baiye Fantasy" has received approval for release, indicating a proactive approach to expanding its game portfolio[93]. Governance and Compliance - The company has maintained its independence in operations, finance, and management, ensuring the protection of all shareholders' interests[112]. - The company has committed to not transferring or repurchasing its shares within 36 months of its initial public offering, ensuring shareholder confidence[113]. - The company has emphasized its long-term commitment to maintaining governance structures and independent operations[112]. - The company has reiterated its responsibility for the accuracy of information provided, ensuring transparency in its operations[112]. - The company has established four committees within the board, including the Audit Committee, Strategic Committee, Nomination Committee, and Compensation and Assessment Committee, each with 3 members[197]. Shareholder Information - The company’s major shareholder, Chen Yongrui, holds 40.90% of the total shares, with 11.54% of his shares frozen[129]. - The total number of common shareholders increased to 11,389 from 9,686 in the previous month, indicating a growth of approximately 17.6%[166]. - The largest shareholder, Chen Yongrui, holds 40.90% of the shares, with a total of 41,615,152 shares, and has pledged 41,585,794 shares[166]. - The company has a high stock pledge rate among its major shareholders, which poses uncertainties regarding their pledge performance and additional guarantee capabilities[158]. - The company has not reported any related party transactions or agreements among the top shareholders[167]. Employee and Management - The company employed a total of 158 staff members, with 70 in technical roles and 27 in sales[189]. - The educational background of employees includes 4 with master's degrees or above, 98 with bachelor's degrees, 50 with associate degrees, and 6 with below associate degrees[190]. - The company emphasizes a competitive and fair compensation policy to attract talented individuals and enhance employee motivation[191]. - The total remuneration paid to directors, supervisors, and senior management during the reporting period amounted to CNY 5.6577 million[186]. - The company’s financial director, Ye Yanzhen, has been with the company since March 2009, indicating stability in the financial management team[183].

Financial Performance - Net profit attributable to shareholders increased by 399.57% to CNY 6,008,081.82 for the current period[7] - Operating revenue rose by 4.28% to CNY 66,271,743.57 compared to the same period last year[7] - Basic earnings per share increased by 500.00% to CNY 0.06 for the current period[7] - The net profit attributable to shareholders is expected to be between 100 million yuan and 130 million yuan, marking a turnaround from a loss of 225.77 million yuan in the previous year[20] - The company reported a net profit of CNY 302,192,663.00 in retained earnings, up from CNY 238,071,997.69[32] - The company reported a total profit of CNY 6,093,529.94 for Q3 2020, down from CNY 8,603,438.37 in the previous year[39] - The net profit for Q3 2020 was CNY 65,626,464.72, a significant increase from CNY 30,479,615.99 in Q3 2019, representing a growth of approximately 115%[47] Asset and Liability Changes - Total assets decreased by 15.95% to CNY 1,125,914,623.68 compared to the end of the previous year[7] - Total liabilities decreased from CNY 713,971,616.87 to CNY 577,883,880.73, representing a reduction of approximately 19.0%[35] - The company's total equity increased from CNY 971,241,893.03 to CNY 995,750,281.94, showing an increase of about 2.5%[35] - Total assets amounted to CNY 1,339,643,647.48, with current assets at CNY 531,787,788.08 and non-current assets at CNY 807,855,859.40[62] - Total liabilities reached CNY 616,767,011.03, with current liabilities at CNY 394,382,701.51 and non-current liabilities at CNY 222,384,309.52[64] - Owner's equity totaled CNY 722,876,636.45, with total equity attributable to shareholders at CNY 720,069,881.08[64] Cash Flow and Investment - Cash flow from operating activities decreased by 92.09% to CNY 3,902,693.75 compared to the same period last year[7] - The company reported a 72.17% decrease in cash flow from operating activities, amounting to 2,856.51 million yuan, attributed to reduced cash received from sales and increased cash payments for goods[18] - Cash and cash equivalents increased by 1,990.94 million yuan, although this represented a 31.35% decrease compared to the previous period[18] - Operating cash flow for Q3 2020 was CNY 28,565,092.94, a decrease of 72.1% compared to CNY 102,650,360.74 in Q3 2019[55] - Net cash flow from investment activities was CNY 129,610,183.70, significantly up from CNY 67,820,329.25 in the same period last year, an increase of 91%[56] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 19,614[11] - The top shareholder, Chen Yongrui, holds 44.58% of the shares, with a total of 41,615,152 shares pledged[11] Changes in Expenses - Sales expenses decreased by 38.44% to 1,153.56 million yuan, primarily due to reduced labor costs and promotional expenses amid the pandemic[17] - The company recorded a 74.89% decline in financial expenses to 182.48 million yuan, resulting from decreased bank loan interest expenses[17] - The company’s management expenses decreased to CNY 9,982,720.71 in Q3 2020 from CNY 19,018,284.97 in Q3 2019, a reduction of approximately 48%[50] Other Financial Metrics - The weighted average return on net assets was 0.77%, up from 0.66% at the end of the previous year[7] - Non-recurring gains and losses included a disposal gain of CNY 65,075,837.32 from the sale of a property[8] - Deferred income tax liabilities decreased by 38.27% to 79.63 million yuan, primarily due to the reversal of deferred tax liabilities from the sale of held-for-sale assets[17] - The company reported a significant investment loss of CNY -5,325,445.57 in Q3 2020, compared to a gain of CNY 25,966,848.55 in Q3 2019[47]

Financial Performance - The company's operating revenue for the first half of 2020 was approximately ¥104.88 million, representing a 1.10% increase compared to ¥103.74 million in the same period last year[22]. - The net profit attributable to shareholders increased significantly by 312.29% to approximately ¥59.51 million, up from ¥14.43 million in the previous year[22]. - The net profit after deducting non-recurring gains and losses was approximately ¥5.12 million, a turnaround from a loss of ¥7.43 million in the same period last year, marking a 168.98% improvement[22]. - Basic and diluted earnings per share rose to ¥0.64, reflecting a 326.67% increase from ¥0.15 in the previous year[22]. - The weighted average return on net assets improved to 7.93%, up by 6.62 percentage points from 1.31% in the same period last year[22]. - The company reported a total asset disposal gain of 64.49 million yuan from the sale of the Shengxunda Technology Building[43]. - The company reported a net profit of 31,736,246.76 CNY, contributing 92.11% to the total net profit for the period[71]. - The company reported total operating revenue for the first half of 2020 was CNY 104,878,037.86, a slight increase of 1.1% compared to CNY 103,735,685.47 in the same period of 2019[144]. - Net profit for the first half of 2020 reached CNY 59,531,576.27, representing a significant increase of 163.2% compared to CNY 22,598,421.68 in the first half of 2019[146]. Assets and Liabilities - Total assets decreased by 8.50% to approximately ¥1.23 billion from ¥1.34 billion at the end of the previous year[22]. - The net assets attributable to shareholders increased by 8.27% to approximately ¥779.60 million, compared to ¥720.07 million at the end of the previous year[22]. - Cash and cash equivalents increased by 62.98% compared to the beginning of the period, primarily due to proceeds from the sale of the technology building[35]. - The company’s total assets as of June 30, 2020, were CNY 1,582,471,683.86, down from CNY 1,685,213,509.90 at the end of 2019[142]. - The total liabilities of the company were RMB 443,396,762.59, down from RMB 616,767,011.03, showing a reduction of approximately 28.0%[138]. - The company’s total liabilities increased, with short-term borrowings at ¥50,075,694.45, representing 4.09% of total assets, up from 2.86% last year[58]. Cash Flow - The net cash flow from operating activities was approximately ¥24.66 million, a decrease of 53.76% from ¥53.33 million in the same period last year[22]. - Cash flow from investment activities surged by 220.47% to 129.92 million yuan, mainly from the cash recovered from the building sale[46]. - The net cash flow from operating activities for the first half of 2020 was ¥6,538,360.73, a decrease of 83.4% compared to ¥39,358,037.87 in the same period of 2019[155]. - The company reported a cash inflow of ¥158,020,662.32 from the disposal of fixed assets, a significant increase from ¥10,010,000.00 in the previous year[155]. Market and Business Operations - The company focuses on game operations, telecom value-added services, and leasing business[30]. - The mobile game market in China saw a significant growth, with actual sales revenue reaching USD 7.589 billion (approximately CNY 53.362 billion), a year-on-year increase of 36.32%[32]. - The company has established a strong presence in Southeast Asia, launching multiple games in countries like Thailand and Indonesia[34]. - The company has a well-defined market positioning and first-mover advantage in the Southeast Asian gaming market[38]. - The gaming business generated revenue of 63.33 million yuan, with a gross margin of 69.73%, despite a slight decrease in gross margin compared to the previous year[48]. - International business revenue surged by 97.78% to ¥37,617,441.31, while domestic business revenue increased by 7.44% to ¥67,260,596.55[50]. Risks and Challenges - The company faces risks related to new product development, market competition, and potential regulatory changes that could impact future performance[4][5][8]. - The company emphasizes the importance of maintaining a stable and skilled game development team to sustain its competitive advantage[76]. - The company faces risks related to new product development, market competition, and potential loss of core personnel, which could adversely affect operations[75]. Shareholder Information - The largest shareholder, Chen Yongrui, holds 44.76% of the total shares, amounting to 41,779,152 shares, with 31,334,364 shares under lock-up[116]. - The company had a total of 14,596 common stock shareholders at the end of the reporting period[116]. - The top three shareholders hold a combined total of 57.20% of the shares, indicating a concentrated ownership structure[116]. Corporate Governance - The company did not distribute cash dividends or issue bonus shares for the half-year period[83]. - There were no major litigation or arbitration matters during the reporting period[88]. - The company has no major related party transactions or significant guarantees during the reporting period[91][100]. - The financial report for the first half of 2020 was not audited, which may affect the reliability of the financial data presented[134]. Research and Development - Research and development expenses decreased by 29.31% to 9.03 million yuan, due to departmental streamlining[42]. - Research and development expenses for the first half of 2020 were CNY 8,931,083.37, down from CNY 12,633,891.86 in the same period of 2019, indicating a focus on cost management[144]. Compliance and Accounting - The financial statements are prepared in accordance with the Chinese Accounting Standards, ensuring compliance and transparency[177]. - The company recognizes the costs of audit, legal services, and other direct expenses related to business combinations in the current period's profit and loss[183].

Financial Performance - Total revenue for Q1 2020 was ¥40,815,799.30, a decrease of 25.93% compared to ¥55,107,775.13 in the same period last year[7] - Net profit attributable to shareholders was ¥55,210,513.59, an increase of 208.41% from ¥17,901,429.18 year-on-year[7] - Basic earnings per share rose to ¥0.59, reflecting a 210.53% increase compared to ¥0.19 in the previous year[7] - The company's operating revenue for Q1 2020 was 40.82 million, a decrease of 25.93% compared to the same period last year, primarily due to the impact of the pandemic on telecom and leasing business revenues[19] - Net profit for Q1 2020 was CNY 55,205,008.09, compared to CNY 22,237,016.86 in the same period last year, indicating a substantial increase[43] - The net profit for the first quarter reached CNY 44,927,150.58, compared to CNY 12,682,596.18 in the same period last year, representing a significant increase[47] - The total comprehensive income attributable to the parent company was CNY 56,731,307.72, compared to CNY 16,827,932.16 in the previous year[47] Cash Flow and Liquidity - The net cash flow from operating activities decreased by 39.03% to ¥14,380,165.57 from ¥23,586,125.11[7] - Cash and cash equivalents increased by 87.87% to 344.16 million, mainly due to the proceeds from the sale of the Shengxunda Technology Building[17] - The company's cash and cash equivalents increased to ¥344,159,780.42 as of March 31, 2020, compared to ¥183,186,814.75 at the end of 2019, representing an increase of approximately 88%[32] - The cash flow from operating activities was CNY 14,380,165.57, down from CNY 23,586,125.11 in the previous period[51] - The company reported a net cash increase of CNY 160,808,421.26 in cash and cash equivalents, compared to CNY 99,133,521.43 in the previous year[52] - The total cash and cash equivalents at the end of the period amounted to CNY 237,888,481.22, an increase of 84.2% from CNY 129,215,756.36 in the previous period[55] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,284,004,385.82, down 4.15% from ¥1,339,643,647.48 at the end of the previous year[7] - The company's total assets as of March 31, 2020, were CNY 1,620,894,097.37, down from CNY 1,685,213,509.90 at the end of 2019[39] - The company's total liabilities decreased to ¥504,401,947.15 from ¥616,767,011.03, a reduction of about 18.2%[35] - Total liabilities decreased to CNY 604,725,053.76 from CNY 713,971,616.87, showing improved financial stability[39] - The company's current liabilities totaled ¥282,603,240.52, down from ¥394,382,701.51, reflecting a decrease of approximately 28.3%[35] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 12,877[10] - Major shareholder Chen Yongrui held 44.76% of the shares, with 41,779,152 shares pledged[10] - Net assets attributable to shareholders increased by 7.88% to ¥776,801,188.80 from ¥720,069,881.08[7] - The company's equity attributable to shareholders increased to CNY 1,016,169,043.61 from CNY 971,241,893.03, reflecting growth in retained earnings[39] Research and Development - Research and development expenses decreased by 32.55% to 4.52 million, as the company streamlined its R&D department and personnel[17] - The company reported a significant reduction in research and development expenses to CNY 4,519,136.36 from CNY 6,699,752.98[42] - Research and development expenses amounted to CNY 2,132,848.59, down from CNY 3,082,865.32 in the previous period[46] Operational Risks and Compliance - The company faced risks related to new product development, market competition, and potential loss of core personnel, which could adversely affect operations[20][21] - The company conducts thorough market research and regulatory assessments before entering new markets to mitigate operational risks[22] - The company has implemented measures to ensure compliance with national laws and regulations in game development and operations[25] - The company aims to improve its corporate governance structure to ensure smooth implementation of business plans[25] Financial Expenses - The company’s financial expenses decreased by 30.80% to 2.58 million, mainly due to reduced interest expenses from decreased bank loans[17] - The company incurred a financial expense of CNY 3,454,432.28, compared to CNY 4,099,046.42 in the previous year[46]