游族网络(002174) - 2014 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2014 was ¥60,113,388.09, a decrease of 76.1% compared to ¥251,514,624.09 in the same period last year[8] - The net profit attributable to shareholders was a loss of ¥6,920,328.67, worsening by 350.21% from a loss of ¥1,537,129.75 in the previous year[8] - Basic and diluted earnings per share were both -¥0.08, a decline of 300% from -¥0.02 in the previous year[8] - Operating revenue for the period was CNY 60.11 million, a decrease of 76.10% year-on-year, mainly because there were no significant trade sales during the reporting period[16] - Operating costs for the period were CNY 51.27 million, down 78.64% year-on-year, reflecting the decrease in operating revenue[16] Cash Flow and Assets - The net cash flow from operating activities was -¥67,128,408.87, an improvement of 29.80% compared to -¥95,623,561.90 in the same period last year[8] - Total assets at the end of the reporting period were ¥524,896,773.69, down 11.63% from ¥593,977,275.26 at the end of the previous year[8] - The net assets attributable to shareholders decreased by 3.12% to ¥212,519,527.20 from ¥219,356,290.13 at the end of the previous year[8] - Cash and cash equivalents at the end of the period were CNY 60.08 million, a decrease of 42.81% compared to the beginning of the period, primarily due to increased payments to suppliers[16] - Long-term deferred expenses at the end of the period were CNY 212,000, a decrease of 30.35% compared to the beginning of the period, due to reduced purchases of molds[16] - Short-term borrowings at the end of the period were CNY 95 million, an increase of 35.71% compared to the beginning of the period, primarily due to increased bank loan financing[16] Shareholder Information - The total number of shareholders at the end of the reporting period was 6,146[11] - The largest shareholder, Meihua Industrial Group Co., Ltd., holds 46.71% of the shares, totaling 38,738,546 shares[11] - There were no significant changes in the shareholding structure or any repurchase agreements during the reporting period[13] Government Subsidies and Management Expenses - The company received government subsidies amounting to ¥1,955,798.50 during the reporting period[9] - The company received government subsidies amounting to CNY 1.96 million, an increase of 142.40% year-on-year[16] - The company’s management expenses for the period were CNY 12.67 million, an increase of 60.47% year-on-year, mainly due to costs associated with asset restructuring[16] Future Outlook and Restructuring - The company expects net profit for the first half of 2014 to be between CNY 149.00 million and CNY 179.00 million, indicating a turnaround from a net loss of CNY 3.92 million in the same period last year[22] - The company is undergoing a major asset restructuring to transform its main business into the development and operation of web and mobile games, with the restructuring expected to be completed in the second quarter of 2014[22] - The company’s registered capital increased from CNY 82.94 million to CNY 275.71 million following the completion of the asset restructuring[19]