金山软件(03888) - 2022 Q1 - 季度财报

Financial Performance - Revenue for the three months ended March 31, 2022, was RMB 1,853,015 thousand, representing a 19% increase year-over-year and a 2% increase quarter-over-quarter[2] - Operating profit for the same period was RMB 499,451 thousand, showing a 2% decrease year-over-year but a 51% increase quarter-over-quarter[2] - Net profit attributable to equity holders of the parent company was RMB 99,386 thousand, a 15% decrease year-over-year[2] - Basic earnings per share for the period was RMB 0.07, down 22% from RMB 0.09 in the same period last year[2] - The group reported a net profit of RMB 289,074 thousand for the three months ended March 31, 2022, compared to RMB 299,774 thousand in the same period last year[6] - Other comprehensive income for the period was a loss of RMB 22,623 thousand, compared to a gain of RMB 59,612 thousand in the same period last year[6] - Total comprehensive income for the period was RMB 266,451,000, down 26.0% from RMB 359,386,000 in the previous year[33] Revenue Breakdown - Revenue for Q1 2022 was RMB 1,853.0 million, an increase of 19% year-over-year and 2% quarter-over-quarter, with office software and services contributing 47% and online games and others contributing 53% to total revenue[15] - Revenue from office software and services was RMB 871.1 million, a 13% increase year-over-year but a 4% decrease quarter-over-quarter, driven by growth in personal and enterprise subscription businesses[15] - Revenue from online games and other businesses was RMB 981.9 million, a 25% increase year-over-year and a 7% increase quarter-over-quarter, attributed to the successful launch of several mobile games[15] - Subscription revenue from office software and services grew by 13% year-on-year, driven by an increase in personal and institutional users[29] - The online gaming and other businesses saw a year-on-year growth of 25%, attributed to the contribution from mobile games launched in Q4 2021[29] Assets and Liabilities - As of March 31, 2022, total non-current assets amounted to RMB 14,912,471 thousand, a slight increase from RMB 14,883,603 thousand as of December 31, 2021[7] - Current assets totaled RMB 21,533,130 thousand, showing a decrease from RMB 21,651,509 thousand in the previous year[7] - The net current assets increased to RMB 17,828,208 thousand compared to RMB 17,555,325 thousand as of December 31, 2021[7] - Total liabilities decreased to RMB 3,704,922 thousand from RMB 4,096,184 thousand year-over-year[8] - The company's equity increased to RMB 29,112,124 thousand from RMB 28,792,190 thousand year-over-year[8] - The debt-to-asset ratio was 20% as of March 31, 2022, down from 21% at the end of 2021[49] Cash Flow and Expenditures - The net cash flow from operating activities for the three months ended March 31, 2022, was RMB 188,616 thousand, down from RMB 238,250 thousand in the same period last year[9] - Cash and cash equivalents at the end of the period were RMB 4,393,695 thousand, compared to RMB 3,903,383 thousand as of March 31, 2021[9] - Capital expenditures for the three months ended March 31, 2022, were RMB 85.1 million, compared to RMB 75.1 million for the same period in 2021[25] - Operating cash flow for the three months ended March 31, 2022, was RMB 188,616,000, a decrease of 20.9% from RMB 238,250,000 in the same period last year[36] Research and Development - R&D expenses for Q1 2022 were RMB 608.3 million, a 24% increase year-over-year but an 11% decrease quarter-over-quarter, reflecting continued investment in innovation[17] - The company plans to continue investing in research and development to enhance product and service capabilities[26] - The newly launched game "Sword侠 World 3" performed well, showcasing the company's R&D capabilities and operational excellence[53] Market Expansion and Strategy - The company plans to continue expanding its market presence and investing in new product development[1] - The company is actively expanding into markets outside mainland China, with recent launches in Southeast Asia and regions like Hong Kong and Taiwan[26] - The company aims to strengthen its cloud and collaboration solutions to enhance user experience and drive digital government and industry digitalization opportunities[53]