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]

Financial Performance - The company's operating revenue for 2019 was ¥215,563,253.83, a decrease of 47.51% compared to ¥410,702,318.34 in 2018[24]. - The net profit attributable to shareholders was -¥225,769,171.13, representing a decline of 2,322.27% from ¥10,159,391.88 in the previous year[24]. - The net cash flow from operating activities increased by 56.35% to ¥134,767,164.80 from ¥86,195,913.20 in 2018[24]. - The total assets at the end of 2019 were ¥1,339,643,647.48, down 24.43% from ¥1,772,707,729.95 at the end of 2018[24]. - The net assets attributable to shareholders decreased by 34.33% to ¥720,069,881.08 from ¥1,096,476,531.85 in 2018[24]. - The company reported a basic earnings per share of -¥2.42, a decrease of 2,300.00% from ¥0.11 in 2018[24]. - The company reported a total profit of -200.34 million yuan, a decrease of 1063.36% compared to the same period last year[48]. - The net profit attributable to shareholders was -225.77 million yuan, down 2322.27% year-on-year[48]. - The basic earnings per share were -2.42 yuan, a decline of 2300% compared to the previous year[48]. - Total operating revenue for 2019 was 215.56 million yuan, a decrease of 47.51% compared to 410.70 million yuan in 2018[52]. Market and Competitive Landscape - The company faces risks related to new product development, including the rapid updates and player preference changes in the gaming industry[4]. - The competitive landscape in the mobile gaming industry poses a risk to the company's performance if it fails to develop new high-quality games[5]. - The company acknowledges the risk of its gaming products entering a decline phase if timely updates and marketing efforts are not maintained[9]. - The company experienced a significant decline in mobile single-player game development due to a drop in smartphone shipments starting in 2018[35]. - The company has established a leading advantage in the Southeast Asian market with multiple game products launched in Thailand and Indonesia, leveraging existing marketing and payment service channels for better overseas market penetration[38]. - The company is focusing on expanding its overseas market presence while optimizing existing resources and exploring new development opportunities[47]. - The company plans to continue exploring overseas markets, with domestic revenue from self-developed games increasing from ¥1,643.9 billion in 2018 to ¥1,895.1 billion in 2019[37]. Regulatory and Compliance Issues - Regulatory changes in the internet industry may adversely affect the company's operational performance, especially for projects conducted overseas[8]. - The company is committed to adhering to the disclosure requirements set by the Shenzhen Stock Exchange for its internet gaming business[11]. - The company has ensured compliance with relevant laws and regulations regarding the use and disclosure of raised funds, with no reported violations[97]. Research and Development - The company has a strong R&D team with extensive experience in mobile game development, enabling it to effectively respond to market demands and continuously launch quality games[42]. - Research and development expenses for 2019 were ¥23,278,409.79, a decrease of 32.79% compared to 2018, primarily due to restructuring and streamlining of R&D departments[71]. - R&D investment for 2019 was ¥23,538,846.14, which is 10.92% of operating revenue[72]. - Investment in R&D increased by 30%, focusing on new technologies and product innovations to enhance competitive advantage[130]. Shareholder and Dividend Information - The company plans to distribute a cash dividend of 0.15 RMB per 10 shares to all shareholders, based on a total of 93,340,000 shares[12]. - The cash dividend represents 100% of the total distributable profit of RMB 340,791,372.22 for the year[118]. - The cash dividend for 2018 was RMB 0.20 per 10 shares, totaling RMB 1,866,800.00, which accounted for 18.38% of the net profit attributable to shareholders[121]. - The cash dividend for 2019 is subject to approval at the annual general meeting[120]. - The cash dividend distribution for 2019 is the lowest in the last three years compared to previous years[121]. Strategic Acquisitions and Investments - The company acquired 100% of Shenzhen Youle Changxiang Technology Co., Ltd. for CNY 75.80 million on October 17, 2019[66]. - The company disposed of its 100% stake in Huizhou Yingledar Industrial Co., Ltd. for CNY 52 million on January 23, 2019[67]. - The company reported a profit of 5,309.28 million yuan for the acquisition of Zhonglian Changxiang (Shenzhen) Network Technology Co., Ltd., which fell short of the original forecast of 7,500 million yuan due to domestic restrictions on game licenses[133]. - The company acquired 67% equity of Zhonglian Changxiang (Shenzhen) Network Technology Co., Ltd. for a total investment of approximately 30,868.44 million yuan, with an actual investment of 3,282.76 million yuan, achieving a funding progress of 100.17%[99]. Operational Efficiency and Cost Management - The company aims to improve operational efficiency, targeting a 5% reduction in costs through process optimization[125]. - The company reported a significant reduction in labor costs by 89.91%, down to CNY 1.22 million from CNY 12.11 million year-over-year[64]. - Total operating costs decreased by 52.05% to CNY 82.75 million, with procurement costs accounting for 62.72% of total costs[64]. Future Outlook and Growth Strategies - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 10% to 12%[126]. - New product launches are expected to contribute an additional 200 million RMB in revenue, with a focus on innovative technology solutions[125]. - The company aims to enhance its game development capabilities and expand its market presence through self-operated, investment, and acquisition strategies[108]. - The company plans to focus on new project development to retain diverse gaming players and improve user payment rates[109]. - The company is actively pursuing market expansion strategies in Southeast Asia to mitigate domestic market challenges[136]. Management and Governance - The company has maintained a stable management team with no significant changes in the reporting period[193]. - The total remuneration paid to directors, supervisors, and senior management during the reporting period amounted to 2.6854 million yuan[199]. - The remuneration for directors and supervisors is determined by the shareholders' meeting, while senior management remuneration is decided by the board of directors[199]. - The company has not faced any penalties from securities regulatory agencies for the past three years regarding its current and former directors, supervisors, and senior management[199].

深圳市盛讯达科技股份有限公司 2019 年第三季度报告全文 深圳市盛讯达科技股份有限公司 2019 年第三季度报告 2019-045 2019 年 10 月 1 深圳市盛讯达科技股份有限公司 2019 年第三季度报告全文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人陈湧锐、主管会计工作负责人叶燕珍及会计机构负责人(会计主 管人员)叶燕珍声明：保证季度报告中财务报表的真实、准确、完整。 2 深圳市盛讯达科技股份有限公司 2019 年第三季度报告全文 第二节 公司基本情况 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 | | 本报告期末 | 上年度末 | | 本报告期末比上年度末增减 | | --- | --- | --- | --- | --- | | 总资产（元） | 1,797,457,150.39 | 1,772,707,729.95 | | 1.40% | | 归属于上市公司股东的净 ...

Financial Performance - The company reported a significant increase in revenue, achieving a total of 500 million RMB for the first half of 2019, representing a 20% growth compared to the same period in 2018[20]. - Total revenue for the reporting period was ¥103,735,685.47, a decrease of 43.44% compared to the same period last year[26]. - Net profit attributable to shareholders was ¥14,434,682.83, an increase of 712.04% year-over-year[26]. - Basic and diluted earnings per share rose to ¥0.15, reflecting a 650.00% increase from ¥0.02 in the prior year[26]. - The company reported a significant increase in cash and cash equivalents, up 30.14% to ¥56,250,100.00, primarily due to increased operating cash inflow and proceeds from the sale of a subsidiary[35]. - The company reported a net profit contribution of 10.76 million RMB from the sold equity, which accounted for 132.37% of the total net profit during the reporting period[79]. - The company’s net profit for the first half of 2019 was approximately ¥22.6 million, a significant increase from ¥1.8 million in the same period of 2018, representing a growth of over 1,200%[151]. - The company reported a significant increase in investment income to CNY 25.61 million in the first half of 2019, compared to CNY 5.32 million in the same period of 2018[150]. User Growth and Market Expansion - User data indicates that the active user base has grown to 10 million, marking a 15% increase year-over-year[20]. - Market expansion efforts include entering Southeast Asian markets, with an expected revenue contribution of 10 million RMB in the next fiscal year[20]. - The company has positioned itself in the Southeast Asian gaming market, leveraging early entry advantages and local partnerships[39]. - The company plans to leverage its subsidiary's existing marketing and payment service channels in Southeast Asia to promote and operate game products[33]. Product Development and Innovation - The company plans to launch three new game titles by the end of 2019, aiming to capture a larger market share in the competitive mobile gaming sector[20]. - The company is investing 50 million RMB in research and development for new gaming technologies to enhance user experience and engagement[20]. - The company has 11 patents and 820 software copyrights as of June 30, 2019, reflecting its commitment to innovation and intellectual property[41]. - Research and development expenses decreased by 48.76% to RMB 12.77 million, as the company streamlined its R&D structure[48]. Financial Management and Investments - The company will not distribute cash dividends for the current fiscal year, opting to reinvest profits into growth initiatives[13]. - The company has identified potential acquisition targets in the gaming industry to bolster its portfolio and increase market presence[20]. - The company committed a total investment of CNY 46,006.05 million, with a cumulative investment of CNY 44,474.15 million, achieving a progress rate of 96.67%[72]. - The acquisition of 67% equity in Zhonglian Changxiang (Shenzhen) Network Technology Co., Ltd. involved a total investment of CNY 30,868.44 million, with a cumulative investment of CNY 27,637.5 million, representing a progress rate of 89.53%[72]. Operational Efficiency - Net cash flow from operating activities increased by 285.22% to ¥53,331,020.71, compared to a negative cash flow in the previous year[26]. - Operating cash flow generated from operating activities was RMB 53.33 million, a significant increase of 285.22% compared to the previous year, due to improved management of receivables and supplier turnover[48]. - The company reported a significant decrease in operating costs, with software product and service costs dropping by 97.32% to ¥136,067.47[55]. Regulatory and Market Risks - Regulatory risks related to internet gaming policies are acknowledged, with the company monitoring changes that could impact operations[10]. - The company faces risks related to new product development, market competition, core personnel turnover, and industry policy changes[83][84][85]. - The company conducts thorough market and regulatory research before entering new markets to mitigate risks associated with regulatory changes[88]. Shareholder and Corporate Governance - The company does not plan to distribute cash dividends or issue bonus shares for the half-year period[92]. - The company has committed to not transferring or entrusting the management of its shares for 36 months following its initial public offering, except for publicly selling part of its shares during the IPO[93]. - The company’s major shareholder has pledged that if the stock price falls below the issue price for 20 consecutive trading days, the lock-up period for their shares will automatically extend by 6 months[93]. - The company has fulfilled its commitments regarding share transfer restrictions as of the reporting date[94]. Financial Reporting and Compliance - The financial report for the first half of 2019 has not been audited[97]. - The company adheres to the accounting standards set by the Ministry of Finance, ensuring compliance and transparency in financial reporting[183]. - The company has confirmed its ability to continue as a going concern for at least 12 months from the reporting date, indicating financial stability[184].

Financial Performance - The company's operating revenue for 2018 was CNY 410.70 million, representing a 68.83% increase compared to CNY 243.27 million in 2017[23]. - The net profit attributable to shareholders decreased by 83.93% to CNY 10.16 million from CNY 63.23 million in 2017[23]. - The net profit after deducting non-recurring gains and losses was CNY 4.66 million, down 91.94% from CNY 57.81 million in 2017[23]. - The net cash flow from operating activities increased by 116.68% to CNY 86.20 million from CNY 39.78 million in 2017[23]. - The total assets at the end of 2018 were CNY 1,772.71 million, a 19.95% increase from CNY 1,477.83 million at the end of 2017[23]. - The basic earnings per share decreased by 83.82% to CNY 0.11 from CNY 0.68 in 2017[23]. - The weighted average return on net assets fell to 0.93% from 5.90% in 2017, indicating a significant decline in profitability[23]. - The company achieved a revenue of CNY 410.70 million in 2018, representing a growth of 68.83% compared to the previous year, primarily due to the rapid expansion of its value-added telecommunications business, which generated CNY 174.48 million, a growth of 261.77%[42]. - The company’s operating profit was CNY 24.59 million, a decline of 61.01% compared to the previous year, and total profit decreased by 68.09% to CNY 20.80 million[43]. Market and Competition - The mobile gaming industry is experiencing rapid growth, leading to increased competition; failure to develop new quality games may result in a decline in market share[6]. - The company recognizes the risk of market competition affecting its performance, as the mobile gaming sector is experiencing rapid growth and increasing competition[97]. - The company aims to enhance user retention and payment rates through the development of multiple new game projects[95]. - The company plans to expand its game operations by seeking agency or co-operation opportunities for popular game products in 2019[96]. Risks and Challenges - The company faces risks related to new product development, including the need to continuously launch successful games to meet player preferences and market demands[5]. - Regulatory risks are highlighted, particularly the impact of a nine-month suspension of game approvals in 2018, which significantly affected the domestic gaming industry[9]. - The company acknowledges the risk of game product life cycles, where failure to update and promote existing games could lead to rapid revenue decline[10]. - Intellectual property risks are present, as misunderstandings regarding IP rights could result in litigation and potential product modifications[11]. - The company has implemented strict measures to mitigate intellectual property risks, including enhancing employee awareness and seeking clear cooperation agreements[100]. Acquisitions and Investments - The company acquired Zhonglian Changxiang, focusing on overseas markets, particularly in Southeast Asia, enhancing its market presence[32]. - The company reported a significant increase in equity assets by CNY 127.08 million, a growth of 1,137.99% due to multiple investments and acquisitions[33]. - The company acquired a 67% stake in Zhonglian Changxiang for CNY 502.5 million, with CNY 276.38 million already paid as of December 31, 2018[60]. - The actual net profit of Zhonglian Changxiang for 2018 was 61.0984 million yuan, exceeding the commitment of 60 million yuan, achieving a completion rate of 101.83%[117]. - The company established a wholly-owned subsidiary, Huizhou Yingleda Industrial Co., Ltd., with a registered capital of 51.1524 million yuan in September 2018[121]. Shareholder and Governance - The company reported a profit distribution plan to distribute a cash dividend of 0.20 RMB per 10 shares (including tax) to all shareholders, based on 93,340,000 shares[12]. - The company plans to distribute dividends in cash or a combination of cash and stock, with a minimum of 15% of the distributable profit for the year being allocated in cash if there are no major investment plans or cash expenditures[115]. - The company has committed to repurchasing shares in accordance with the approved plan to stabilize stock prices, adhering to relevant laws and regulations[114]. - The company has a long-term commitment to avoid engaging in competitive businesses that may conflict with its operations, ensuring compliance with the Company Law of the People's Republic of China[115]. - The company emphasizes transparency and communication with investors, ensuring their rights and interests are protected[142]. Operational Efficiency - The company established a data-driven operational system to enhance business quality and profitability, focusing on user behavior analysis and real-time data collection[38]. - The company has a total of 11 patents and 810 software copyrights as of December 31, 2018, with one new invention patent granted during the reporting period[39]. - The company has established a competitive compensation system to attract talented individuals and promote long-term development[174]. - The company plans to enhance its training system in 2019 to improve training efficiency and effectiveness[175]. Financial Management - The company reported a significant increase in revenue from third-party gaming platforms, which totaled CNY 41.55 million, reflecting a year-on-year increase of 2,352.99%[54]. - The total investment amount for the reporting period reached CNY 1,075,864,872.40, representing a 61.27% increase compared to the previous year's investment of CNY 667,102,885.02[74]. - The company has a total of 121 employees in the parent company and 126 in major subsidiaries[172]. - The total remuneration paid to directors, supervisors, and senior management during the reporting period amounted to 2.6132 million yuan[168]. Compliance and Internal Control - The company received a standard unqualified audit opinion for the financial statements for the year ended December 31, 2018[199]. - The company has maintained compliance with environmental protection regulations and is not listed as a key pollutant discharge unit[144]. - The company strictly adheres to information disclosure regulations, ensuring timely and accurate communication with shareholders[181]. - There were no significant internal control deficiencies identified during the reporting period[192].

Financial Performance - Total revenue for Q1 2019 was ¥55,107,775.13, a decrease of 13.01% compared to ¥63,347,820.03 in the same period last year[8] - Net profit attributable to shareholders was ¥17,901,429.18, representing a significant increase of 383.75% from ¥3,700,543.91 year-on-year[8] - Basic earnings per share rose to ¥0.19, up 375.00% from ¥0.04 in the same period last year[8] - The company reported a net profit margin decline due to increased operating costs and reduced revenue[46] - Net profit for Q1 2019 reached ¥22,237,016.86, up from ¥3,700,543.91 in the same period last year, reflecting a growth of approximately 499%[47] - The total comprehensive income for Q1 2019 was ¥20,635,036.17, compared to ¥3,699,191.66 in the previous year, marking an increase of about 457%[48] - Operating revenue for Q1 2019 was ¥25,837,817.90, down from ¥55,406,924.50 in the previous year, indicating a decline of approximately 53%[50] - The total profit for Q1 2019 was ¥27,151,554.04, compared to ¥3,970,474.99 in the previous year, showing a substantial increase[47] Cash Flow - Net cash flow from operating activities reached ¥28,746,014.57, a remarkable increase of 296.81% compared to a negative cash flow of ¥14,605,722.56 in the previous year[8] - The company reported a net cash inflow from operating activities of ¥2,874.60 million, a 296.81% increase due to improved receivables collection[18] - Cash flow from operating activities for Q1 2019 was ¥66,607,095.54, compared to ¥77,176,220.06 in the previous year, indicating a decrease of about 13%[54] - The total cash inflow from operating activities amounted to CNY 61,187,466.68, compared to CNY 82,210,304.12 previously[59] - The net increase in cash and cash equivalents for the period was CNY 99,133,521.43, contrasting with a decrease of CNY 23,577,446.62 in the prior period[56] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,825,189,146.14, an increase of 2.96% from ¥1,772,707,729.95 at the end of the previous year[8] - Total liabilities increased to CNY 623,566,850.57 in Q1 2019 from CNY 593,200,256.81 in Q1 2018[44] - The company's total equity as of March 31, 2019, was CNY 1,123,004,682.89, up from CNY 1,110,322,086.71 in the previous year[44] - The total current assets as of March 31, 2019, are CNY 475.45 million, an increase from CNY 383.95 million at the end of 2018[37] - Total assets amounted to CNY 1,772,707,729.95, with non-current assets totaling CNY 1,388,753,007.45[63] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 16,106[12] - Major shareholder Chen Yongrui holds 44.76% of the shares, with a total of 41,779,152 shares, of which 41,749,794 are pledged[12] Investment and R&D - Investment income surged by 736.59% to ¥2,528.32 million, primarily from the sale of a subsidiary[17] - The company’s R&D expenses decreased by 37.88% to ¥669.98 million, due to restructuring efforts[17] - Research and development expenses for Q1 2019 were ¥3,082,865.32, significantly lower than ¥10,283,263.95 in the previous year, showing a reduction of about 70%[50] Operational Strategy - The company plans to continue executing its annual business plan without adjustments, focusing on quality game development and cautious project expansion[23] - The company plans to focus on new product development and market expansion strategies in the upcoming quarters[46] Financial Adjustments - The company has implemented new financial instrument standards effective from January 1, 2019, affecting the classification of financial assets[65] - The company reported a financial expense of ¥4,099,046.42 in Q1 2019, which increased from ¥2,801,845.73 in the previous year, reflecting a rise of approximately 46%[50] Non-Recurring Items - Non-recurring gains and losses amounted to ¥24,384,666.78, primarily from the disposal of a subsidiary and government subsidies[9] Audit Status - The first quarter report was not audited, indicating preliminary financial results[71]

Financial Performance - The company's operating revenue for 2018 was CNY 410.70 million, an increase of 68.83% compared to CNY 243.27 million in 2017[24]. - The net profit attributable to shareholders decreased by 83.93% to CNY 10.16 million from CNY 63.23 million in 2017[24]. - The net profit after deducting non-recurring gains and losses was CNY 4.66 million, down 91.94% from CNY 57.81 million in 2017[24]. - The net cash flow from operating activities increased by 116.68% to CNY 86.20 million from CNY 39.78 million in 2017[24]. - The total assets at the end of 2018 were CNY 1,772.71 million, a 19.95% increase from CNY 1,477.83 million at the end of 2017[24]. - The basic earnings per share decreased by 83.82% to CNY 0.11 from CNY 0.68 in 2017[24]. - The weighted average return on equity fell to 0.93% from 5.90% in 2017, reflecting a significant decline in profitability[24]. - The company achieved operating revenue of CNY 410.70 million, a year-on-year increase of 68.83%, primarily due to the rapid expansion of its value-added telecommunications business, which generated CNY 174.48 million, up 261.77% year-on-year[43]. Market and Competition - The company faces risks related to the rapid development of mobile games, with increasing competition potentially impacting its market share and customer retention[7]. - The company emphasizes the importance of continuously developing new high-quality games to meet customer demands and expand market share[8]. - The company acknowledges the risk of losing core personnel, which is crucial for maintaining its competitive advantage in game development[9]. - The company is focused on expanding its market presence and developing new technologies to enhance its product offerings[6]. - The company aims to enhance user retention and payment rates through the development of multiple new game projects[96]. - The company is focusing on expanding its internet performance services and increasing the scale of its anchor team to stabilize and grow its market share[97]. - The company faces risks related to new product development, market competition, and potential regulatory changes that could impact its operations[98]. Regulatory and Compliance Risks - The company is affected by regulatory risks, particularly due to the nine-month suspension of game approvals in 2018, which significantly impacted the domestic gaming industry[10]. - The company is exposed to intellectual property risks, which could result in legal liabilities and impact its operational performance[12]. - The company has implemented strict measures to mitigate intellectual property risks, including enhancing employee awareness and seeking clear partnerships[101]. - The company conducts thorough market research and regulatory compliance checks before entering new markets[100]. - The company has committed to maintaining compliance with national laws and regulations in its game development and operations[101]. Acquisitions and Investments - The company acquired Zhonglian Changxiang, focusing on overseas markets, particularly in Southeast Asia, enhancing its market presence[33]. - The company reported a significant increase in equity assets by CNY 127.08 million, a growth of 1,137.99% due to multiple investments and acquisitions[34]. - The company acquired 67% of Zhonglian Changxiang for ¥502.5 million in July 2018, with a remaining payment of ¥226.13 million pending[61]. - The company acquired 67% of Zhonglian Changxiang (Shenzhen) Network Technology Co., Ltd. for a cash price of 502,500,000.00 yuan, which generated a net profit attributable to the parent company of 20,348,106.69 yuan during the holding period[93]. - The actual net profit of Zhonglian Changxiang for 2018 was 60.4739 million yuan, exceeding the commitment of 60 million yuan, achieving a completion rate of 100.79%[118]. Shareholder and Dividend Information - The company plans to distribute a cash dividend of 0.20 RMB per 10 shares to all shareholders, based on a total of 93,340,000 shares[13]. - The company distributed a cash dividend of RMB 1.10 per 10 shares, totaling RMB 10,267,400.00 (including tax) for the year 2017[105]. - The cash dividend for 2018 represents 18.38% of the net profit attributable to the company's ordinary shareholders[111]. - The company has a clear profit distribution policy that protects minority shareholders' rights and ensures transparency in decision-making[106]. Corporate Governance - The company’s financial report is guaranteed to be true, accurate, and complete by its board of directors and management[4]. - The company has established a commitment to not sell shares below the initial public offering price within two years after the lock-up period[114]. - The company has a structured approach to appointing and managing its board members and executives, ensuring compliance with corporate governance standards[163]. - The company has established four committees within the board, including Audit, Strategy, Nomination, and Compensation Committees, each with three members[181]. - The company has maintained a stable management team, with key personnel such as the chairman and vice chairman holding their positions since 2011 and 2013 respectively[164]. Research and Development - The company has established a data analysis-based operation system to enhance business quality and profitability, focusing on user behavior[39]. - R&D investment accounted for 11.10% of operating revenue, with a total R&D expenditure of ¥45,605,452.46[66]. - The number of R&D personnel decreased to 134, down from 327, due to business restructuring[65]. - The company plans to enhance its training system in 2019 to improve training efficiency and effectiveness[176]. Operational Challenges - The company highlights the risk of game product lifecycle, where failure to update and promote existing games could lead to rapid revenue decline[11]. - The company experienced a decline in the gaming industry due to a halt in game license approvals for nearly ten months in 2018, impacting overall growth[33]. - The company reported a net loss of 19,333,833.04 yuan from its subsidiary, Lifeng Chuangda Investment Co., Ltd., due to insufficient rental income to cover depreciation and taxes[94]. Employee and Management Information - The company employed a total of 247 staff, with 134 being technical personnel, representing 54.3% of the workforce[173]. - Employee compensation accounted for CNY 12.1101 million, which is 4.16% of the total costs incurred by the company[175]. - The company has established a competitive compensation system to attract talented individuals and promote long-term development[175]. - The company’s board and management remuneration is determined based on profitability and performance evaluations[169].