巨人网络(002558) - 2024 Q2 - 季度财报

Financial Performance - The company's operating revenue for the first half of 2024 was ¥1,427,137,420.29, a decrease of 1.13% compared to ¥1,443,488,091.21 in the same period last year[11]. - Net profit attributable to shareholders increased by 8.16% to ¥717,710,876.16 from ¥663,590,315.62 year-on-year[11]. - The net profit after deducting non-recurring gains and losses rose by 27.92% to ¥884,393,163.39 compared to ¥691,381,453.35 in the previous year[11]. - Basic earnings per share increased by 8.33% to ¥0.39 from ¥0.36 in the same period last year[11]. - Total assets at the end of the reporting period were ¥13,990,661,320.73, reflecting a growth of 4.64% from ¥13,370,515,051.64 at the end of the previous year[11]. - Net assets attributable to shareholders increased by 5.16% to ¥12,291,730,979.71 from ¥11,688,701,654.62 year-on-year[11]. - The net cash flow from operating activities was ¥464,988,577.23, down 13.41% from ¥537,007,444.03 in the same period last year[11]. - The weighted average return on equity was 5.95%, an increase of 0.59% compared to 5.36% in the previous year[11]. Revenue Breakdown - Revenue from game-related businesses was ¥1,424,372,775.93, accounting for 99.81% of total revenue, with a slight decline of 0.83% year-over-year[31]. - Mobile online game revenue increased by 8.11% to ¥1,068,774,740.78, representing 74.89% of total revenue, while PC online game revenue decreased by 22.11% to ¥338,089,827.11[31]. - Domestic revenue was ¥1,422,965,822.98, making up 99.71% of total revenue, with a minor decline of 0.54% compared to the previous year[30]. Investment and Assets - Cash and cash equivalents at the end of the period were ¥2,150,879,509.23, representing 15.37% of total assets, an increase from 14.12% at the end of the previous year[33]. - Long-term equity investments rose to ¥8,875,967,915.16, accounting for 63.44% of total assets, due to recognized investment income[33]. - The total investment amount for the reporting period was ¥10,691,445,079.07, representing a 2.81% increase from the previous year's total of ¥10,399,447,157.30[37]. Dividends and Shareholder Information - The company plans to distribute a cash dividend of ¥1.40 per 10 shares (including tax) to all shareholders[2]. - The total distributable profit as of June 30, 2024, was RMB 4,160,002,130.00, with a cash dividend of RMB 1.40 per 10 shares[53][54]. - The cash dividend payout ratio was 100% of the total profit distribution[53]. Risks and Strategic Focus - The company has outlined major risks and countermeasures in the report, emphasizing the importance of investor awareness regarding future plans and strategies[2]. - The company faced risks from industry policy changes, market competition, and potential core talent loss, which could impact business development[44][45][47]. - The company plans to focus on self-research and development, aiming to create popular products while exploring new market opportunities[48]. Operational Highlights - The "Wangzhe Zhengtu" mini-program game attracted over 8 million new users and ranked fourth on the WeChat mini-game sales list[17]. - The "Qiuqiu Dazhuan" game saw record high active ARPU during the Spring Festival, achieving the highest revenue in nearly five years[19]. - The overseas version "Super Sus" topped the App Store in Thailand and achieved significant revenue growth, doubling year-on-year during the summer[19]. Corporate Governance and Management - The annual shareholders' meeting had a participation rate of 42.28%, held on May 27, 2024[51]. - The company appointed Zhang Dong as the new general manager effective January 1, 2024, following the resignation of the previous manager[52]. Compliance and Reporting - The financial report complies with the accounting standards set by the Ministry of Finance, ensuring a true and complete reflection of the company's financial condition and results for the first half of 2024[122]. - The financial statements were approved by the board on August 28, 2024, reflecting the company's financial status as of June 30, 2024[119]. Research and Development - The AI lab developed a new intelligent distribution platform and upgraded the one-stop AI art production platform, enhancing cost efficiency[20]. - Research and development expenses increased significantly to ¥27.59 million, up from ¥5.84 million, marking an increase of 373.5% year-over-year[100]. Taxation and Incentives - The corporate income tax rate for the company and its subsidiaries is generally 25%, except for those enjoying specific tax incentives[196]. - The company’s subsidiary Shanghai Haolian is eligible for a corporate income tax rate of 12.5% from 2022 to 2024, following its recognition as a software enterprise[196].