中青宝(300052) - 2020 Q1 - 季度财报

Financial Performance - Total revenue for Q1 2020 was ¥66,399,829.54, a decrease of 22.59% compared to ¥85,773,149.74 in the same period last year[7] - Net profit attributable to shareholders was ¥5,088,055.82, down 57.54% from ¥11,982,253.13 year-on-year[7] - Net profit excluding non-recurring gains and losses was ¥1,396,208.99, a decline of 76.97% from ¥6,061,930.25 in the previous year[7] - Basic earnings per share decreased by 60.00% to ¥0.02 from ¥0.05 year-on-year[7] - Operating revenue for the period was 66.40 million yuan, a decrease of 22.59% year-on-year, attributed to a decline in game business revenue[18] - Operating profit decreased by 63.42% year-on-year to 3.21 million yuan, while total profit decreased by 59.29% to 5.47 million yuan[18] - The company reported a total comprehensive income of CNY 3,637,351.57 for Q1 2020, compared to CNY 11,867,873.00 in the previous year, a decline of about 69.4%[47] - The net profit for Q1 2020 was CNY 4,532,902.85, down from CNY 11,855,262.20 in the same period last year, representing a decline of approximately 61.8%[46] - The operating profit for Q1 2020 was CNY 3,213,045.55, compared to CNY 8,784,457.46 in the previous year, indicating a decrease of about 63.4%[46] Cash Flow and Assets - Net cash flow from operating activities was -¥12,617,906.10, a decrease of 147.77% compared to ¥26,416,249.05 in the same period last year[7] - The company's cash and cash equivalents decreased by 74.27% compared to the beginning of the year, primarily due to repayment of working capital loans and payments for equipment procurement and project costs[17] - The total current assets decreased to ¥459,071,269.64 from ¥669,953,511.72, indicating a decline of approximately 31.4%[35] - The total amount of raised funds used for investment projects reached RMB 34,951 million, with a utilization rate of 34.01%[24] - The total assets at the end of the reporting period were ¥1,220,854,605.03, down 15.12% from ¥1,438,349,150.43 at the end of the previous year[7] - The total cash and cash equivalents at the end of the period were CNY 69,614,445.99, down from CNY 312,113,989.80 in the previous period[55] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 39,638[10] - The largest shareholder, Shenzhen Baode Investment Holdings, held 27.37% of the shares, totaling 72,163,262 shares[10] - Net assets attributable to shareholders increased by 0.65% to ¥839,567,186.27 from ¥834,144,421.73 at the end of the previous year[7] Investment and Projects - The company plans to launch new products, including a sports competitive game and two RPG games, starting in the second quarter[18] - The development project for the 3D game "Alliance" has a total investment of RMB 5,696 million, with a completion rate of 112.13%[23] - The company has invested RMB 11,500 million in the Suzhou R&D center project, with RMB 709.42 million utilized by the report date[23] - The acquisition of a 51% stake in Shanghai Meifeng Digital Technology Co., Ltd. was completed for RMB 14,280 million, with a utilization rate of 100%[23] - The company has allocated RMB 30 million to increase investment in the operation and R&D of Zhuoye Web Games[27] Challenges and Issues - The company reported that the 3D game "Alliance" did not meet its expected operational status due to extended development cycles, with the initial launch date set for November 30, 2010, and the game ultimately going offline[26] - The 2.5D games "Three Kingdoms Hero" and "New Song Legend" faced stability and playability issues during testing, leading to their offline status after failing to achieve expected benefits[26] - The company experienced a significant increase in financial expenses, with interest expenses rising to CNY 2,126,534.22 from CNY 1,797,547.90, an increase of about 18.3%[46] Fund Management - The company has raised a total of RMB 710.755 million, with RMB 349.51 million allocated to committed investment projects, leaving RMB 361.245 million as excess funds for operational use[26] - The company has not disclosed any issues regarding the use and disclosure of raised funds[29] - The company has not forecasted any significant changes in net profit compared to the same period last year[30]