Leascend(SZ:300051)2020-04-27 16:00Financial Performance - The company reported a total revenue of ¥288,308,607.71 in 2019, representing a year-over-year increase of 22.79% from ¥234,806,558.59 in 2018[71]. - The net loss attributable to shareholders was ¥257,255,734, an improvement of 25.62% from a loss of ¥420,824,013 in the previous year[23]. - The company's operating revenue for 2019 was ¥288,308,607, representing a 22.79% increase compared to ¥234,806,558 in 2018[23]. - The company reported a total revenue of 361.4 million in 2019, reflecting a year-on-year growth of 42%[50]. - The company reported a total revenue of 1.2 billion RMB, marking a 15% increase compared to the previous year[57]. - The company reported a total revenue of 302.6 million in 2019, reflecting a year-on-year growth of 39%[54]. - The company achieved a revenue of 297.56 million RMB for the year, reflecting a growth of 12% compared to the previous year[61]. - The company reported a total of 5,904 million in fundraising for the project "Three Five Internet Post Office," with 100% of the funds utilized by the end of the reporting period[119]. Market Competition and Risks - The gaming market is experiencing intensified competition, with established companies and emerging teams posing challenges to the company's market share[6]. - The company reported significant reliance on a limited number of game products, which poses a risk to overall profitability if new impactful products are not launched timely[5]. - The company faces market competition risks as the software operation service industry grows rapidly, necessitating a focus on product differentiation and user experience[169]. - The mobile resale business is facing increasing competition and regulatory pressures, which may impact growth rates and require adjustments to business models[179]. - The company is at risk of losing core technical personnel, which could impact operations, and has established a talent reserve mechanism to address this issue[173]. Strategic Initiatives and Future Plans - The company plans to enhance resource utilization efficiency and expand mobile game and communication resale businesses to increase revenue[9]. - The company aims to strengthen its core advantages and expand market share through the continuous development of high-quality games[7]. - The company plans to optimize cost control and improve human resource structure to enhance profit margins[9]. - The company is focusing on expanding its market presence through new product development and technological research, aiming to enhance its service offerings[53]. - The company plans to expand its market presence in Southeast Asia, targeting a 20% increase in market share by 2021[51]. - The company aims to enhance its competitive edge by integrating existing products into a platform-level product after the completion of the enterprise cloud disk function[46]. - The company is committed to expanding its market presence and exploring new business strategies to drive future growth[62]. Product Development and Innovation - The company is committed to launching new game products based on existing R&D experience to improve operational quality[5]. - The company has launched the "35 Cloud Portal," a digital asset management and application platform aimed at providing comprehensive solutions for enterprise clients[41]. - The company has increased R&D investment to enhance product competitiveness and improve product iteration processes[43]. - The company has launched 4 new self-developed games during the reporting period, with 6 games currently in operation[67]. - The focus of game development has shifted towards H5 games, with plans to diversify the product offerings further with the upcoming launches of "PPXY," "SFLL," and "RYXX"[46]. - The company has established a comprehensive intellectual property management system to protect its rights and actively applies for product copyrights and trademark registrations[178]. Financial Management and Investments - The company will not distribute cash dividends, issue bonus shares, or increase share capital from reserves[10]. - The company has made significant adjustments to its financial statements due to accounting errors, resulting in an increase in net profit for 2018 by ¥74,970,769.86[25]. - The company has received formal licenses to operate as a virtual operator, collaborating with major telecom operators to expand its market presence[35]. - The company has invested 11 million CNY in Xiamen Luowa Network Technology Co., holding a 15% stake, and established Shenzhen Aishida Technology Co. with an investment of 1 million CNY, holding 100%[42]. - The company has a total of ¥1,302.89 million in unutilized raised funds[116]. - The company has allocated 100 million RMB for research and development in new technologies, focusing on data conversion and electronic media[56]. Operational Efficiency and Cost Management - The company emphasizes the importance of retaining core technical talent to ensure sustainable development amidst business expansion[9]. - The company has established a cost control plan for 2020, focusing on optimizing personnel structure and enhancing operational efficiency to manage expenses effectively[168]. - The company aims to reduce operational costs by 10% through efficiency improvements and automation initiatives[51]. - The total operating costs for 2019 amounted to ¥137,655,543.27, representing a 71.33% increase compared to ¥80,347,374.79 in 2018[83]. Shareholder and Regulatory Compliance - The company has not distributed any cash dividends or conducted capital reserve transfers in the past three years, reflecting a focus on reinvestment rather than shareholder returns[184]. - The actual controller and shareholders have fulfilled their commitments as of the end of the reporting period[186]. - The company has maintained compliance with all commitments made during the asset restructuring process[186]. - The company has confirmed that all related party transactions will be conducted fairly and transparently, adhering to corporate governance standards[197].