Rastar(SZ:300043)2020-09-16 16:00Financial Performance - The company's operating revenue for the first half of 2020 was ¥847,186,385.77, a decrease of 24.53% compared to ¥1,122,550,880.33 in the same period last year[24]. - The net profit attributable to shareholders of the listed company was a loss of ¥44,033,340.79, a decline of 134.97% from a profit of ¥125,912,406.03 in the previous year[24]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of ¥45,503,792.87, down 145.23% from ¥100,605,064.66 in the same period last year[24]. - The company achieved total revenue of 847 million yuan in the first half of 2020, a decrease of 24.53% year-on-year[55]. - The net profit attributable to shareholders was -44.03 million yuan, a decrease of 134.97% compared to the same period last year[55]. - The company's total operating revenue decreased by 24.53% to 847.19 million yuan compared to the previous year, while operating costs decreased by 4.29% to 573.81 million yuan[68]. Cash Flow and Assets - The net cash flow from operating activities increased by 44.42% to ¥264,361,382.98, compared to ¥183,055,065.01 in the previous year[24]. - The company's total assets at the end of the reporting period were ¥5,644,580,915.74, a decrease of 1.66% from ¥5,740,027,823.74 at the end of the previous year[24]. - The company's total cash and cash equivalents were impacted by foreign exchange fluctuations, amounting to ¥17,566,753.04[69]. - The net increase in cash and cash equivalents was 30.45 million yuan, a turnaround from a decrease of 107.31 million yuan in the previous year, reflecting improved cash management[68]. Business Segments Performance - The company's game business achieved a main operating revenue of 381 million yuan, an increase of 1.23% year-on-year[35]. - The football club business generated a main operating revenue of 296 million yuan, a decrease of 35.90% year-on-year[36]. - The toy and derivative products business reported a main operating revenue of 118 million yuan, a decrease of 49.02% year-on-year[37]. - The gaming business generated a net profit of 125 million yuan, an increase of 49.58% year-on-year, despite the overall impact of the pandemic[55]. - The gaming business achieved a total game revenue of 1.143 billion yuan, a year-on-year increase of 5.91%, with overseas revenue reaching 544 million yuan, up 33.21%[56]. - The company's football club business generated revenue of 296 million yuan, accounting for 34.97% of total revenue, with a net profit of -92.39 million yuan, impacted by a 23.29% decrease in broadcasting rights revenue to 218 million yuan and a 56.05% decrease in sponsorship and advertising revenue to 78 million yuan[60]. Shareholder and Stock Information - The company plans to grant 38,069,728 stock options under the second stock option incentive plan, which accounts for approximately 3.07% of the total share capital at the time of the announcement[122]. - The number of incentive plan participants was adjusted from 312 to 305 individuals[123]. - The stock option exercise price was set at 7.83 RMB after adjustments[123]. - The total number of shares remained at 1,244,198,401, with no new shares issued during the reporting period[153]. - The largest shareholder, Chen Yansheng, holds 32.77% of the shares, totaling 305,791,600 shares[159]. - The actual controllers of the company, Chen Yansheng and Chen Dongqiong, collectively hold 46.13% of the shares[160]. Investment and Acquisitions - The company plans to issue shares to specific targets, with a total fundraising amount not exceeding RMB 300 million, which will be used for the development and operation of online games[144]. - The company has acquired over 300 model production brand authorizations from 35 well-known automotive brands, maintaining a leading position in the toy model industry[44]. - The company is enhancing its product R&D and operational systems to keep up with rapid technological changes in the gaming industry[97]. Legal Matters - The company is involved in a significant lawsuit regarding software copyright infringement, with a disputed amount of 40 million yuan[114]. - The company has a pending case related to labor disputes with a claimed amount of 29.7 million yuan, currently in the trial phase[115]. - A court ruling ordered the company to pay 65.28 million yuan in a contract dispute, which has been executed[116]. Risk Factors - The company faces risks from the COVID-19 pandemic, which may impact short-term performance due to delays in operations and product distribution[95]. - The football and gaming industries are subject to performance volatility, which can affect revenue from broadcasting rights, ticket sales, and sponsorships[96]. - Fluctuations in raw material prices, particularly plastics, may impact production costs, but the company maintains a strong gross margin[98]. Corporate Governance - The company has not faced any integrity issues involving its controlling shareholders or actual controllers[122]. - The company did not engage in any related party transactions during the reporting period[129]. - The company has appointed new directors and senior management, including Chen Chuanghuang and Liu Shenghua, effective June 1, 2020[178].