ZQGAME(SZ:300052)2023-04-26 16:00Financial Performance - Total operating revenue for 2019 reached RMB 435,213,105.96, an increase of 30.4% compared to RMB 334,005,440.88 in the previous year[18]. - Total operating costs amounted to RMB 417,562,880.36, up from RMB 282,798,457.16, reflecting a significant increase of 47.5%[18]. - Net profit for 2019 was RMB 42,975,991.49, representing a growth of 12.5% from RMB 38,046,809.10 in the prior year[19]. - Basic and diluted earnings per share for 2019 were both RMB 0.17, compared to RMB 0.14 in 2018, indicating a 21.4% increase[20]. - The total profit for 2019 was RMB 48,048,489.31, up from RMB 46,632,672.71 in the previous year, reflecting a growth of 3%[19]. - The total revenue for the year reached RMB 336.41 million, an increase of 26.5% compared to RMB 265.75 million in the previous year[26]. - The net profit attributable to the parent company was a loss of RMB 40.37 million, improving from a loss of RMB 142.19 million year-over-year[27]. - The total comprehensive income attributable to the parent company was a loss of RMB 52.77 million, compared to a loss of RMB 137.38 million in the previous year[27]. - The company's total revenue for the current period is 265,749,607.99, a decrease from 435,213,105.96 in the previous period, representing a decline of approximately 39%[102]. - The net profit attributable to the parent company for the current period is -140,558,791.72, compared to a profit of 45,121,083.33 in the previous period[100]. - The total operating costs for the current period amount to 180,935,205.88, which is 80% of the total revenue[102]. - The company's total revenue for the current year is 336,409,437.64 yuan, compared to 265,749,607.99 yuan in the previous year, reflecting a significant increase[145]. Assets and Liabilities - Total assets increased to RMB 1,416,486,362.17, up from RMB 1,227,887,863.96, representing a growth of approximately 15.4%[5]. - Current assets rose to RMB 648,193,989.46 from RMB 530,821,975.93, marking an increase of about 22.1%[5]. - Cash and cash equivalents increased to RMB 270,570,112.20 from RMB 229,974,588.37, reflecting a growth of approximately 17.7%[5]. - Accounts receivable grew to RMB 183,450,950.33 from RMB 154,246,153.78, an increase of around 19.0%[5]. - Total liabilities increased to RMB 581,043,254.33 from RMB 462,924,736.98, representing a growth of about 25.5%[7]. - Owner's equity rose to RMB 835,443,107.84 from RMB 764,963,126.98, reflecting an increase of approximately 9.2%[7]. - Total current liabilities increased to CNY 346,501,767.98 from CNY 317,305,229.47, representing a growth of approximately 9.4%[15]. - Accounts payable rose significantly to CNY 103,825,141.98 from CNY 73,517,621.21, marking an increase of about 41.3%[15]. - The total liabilities increased to CNY 435,496,439.74 from CNY 352,127,925.27, reflecting a growth of approximately 23.7%[15]. - The total assets reached CNY 1,060,289,143.55, up from CNY 1,038,117,070.11, indicating a growth of about 2.1%[16]. - The total equity attributable to shareholders decreased to CNY 631,179,851.65 from CNY 682,697,992.81, a decline of approximately 7.5%[16]. - The company's cash and cash equivalents decreased to CNY 82,839,516.36 from CNY 109,621,446.74, a reduction of about 24.4%[14]. - The company's inventory decreased to CNY 1,295,565.94 from CNY 1,989,380.53, a decline of approximately 34.9%[14]. Receivables and Provisions - The total accounts receivable balance is CNY 209,154,026.60, with a bad debt provision of CNY 25,703,076.27, resulting in a provision ratio of 12.29%[32]. - The aging analysis shows that accounts receivable within 1 year is CNY 177,835,632.18 with a provision ratio of 2.52%, while accounts over 3 years have a 100% provision ratio[33]. - The total bad debt provision increased to CNY 25,875,789.85, with a current period provision of CNY 7,876,313.01[36]. - The company reported a significant increase in other receivables, which rose to RMB 75,512,020.76 from RMB 27,838,293.45, marking an increase of approximately 171.5%[10]. - The company reported a significant increase in accounts receivable from 209,326,740.18 at the beginning of the period to 168,872,914.77 at the end[65][69]. - The provision for bad debts increased by 15,209,700.33 during the period, bringing the total to 41,085,490.18[72]. - The company has identified key clients with significant accounts receivable, including Shanghai Jili Culture Communication Co., Ltd. with a balance of 14,263,000.00[74]. - The aging analysis of accounts receivable shows that 1-year and below accounts total 97,336,475.29, representing a significant portion of the total[68]. - The provision for bad debts for accounts receivable is 47,136,628.01 yuan, which represents 46.60% of the total accounts receivable balance of 101,148,648.77 yuan[85]. - The company’s provision for bad debts based on credit risk characteristics was ¥74,052,766.99, with a provision rate of 70.89%[123]. - The accounts receivable aged over three years totaled ¥27,533,709.28, indicating potential collection challenges[126]. - The company’s total bad debt provision at the end of the period was ¥74,124,187.40, reflecting a proactive approach to credit risk management[128]. Research and Development - Research and development expenses for 2019 were RMB 42,488,546.37, slightly down from RMB 44,814,450.52 in 2018, showing a decrease of 5.2%[18]. - Research and development expenses increased to RMB 54.06 million, up from RMB 35.91 million, reflecting a focus on innovation[26]. - Research and development expenses totaled 54,055,818.05 yuan this period, an increase from 35,906,392.53 yuan in the previous period, indicating a focus on innovation[150]. Future Outlook - The company plans to continue focusing on market expansion and product development to drive future growth[27]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[157].