OURPALM(SZ:300315)2024-04-25 15:34Game Development and Innovation - The company is actively expanding its mini-game segment in the domestic market and focusing on the SLG segment in the overseas market, with ongoing development of projects "Code S" and "Code H" to accelerate their launch[9]. - The company has partnered with Beijing Youmi Interactive Entertainment Technology Co., Ltd. to develop an "AI Game Creation Platform," supported by NVIDIA's AI technologies, aiming to lower the development barriers for open-world games[10]. - The company is enhancing its capabilities in AI game development tools and applications through ongoing collaboration with partners[10]. Compliance and Governance - The company is committed to complying with industry regulations and policies, which may impact its business development and daily operations[13]. - The company has implemented measures to enhance its corporate governance structure and internal management systems in accordance with relevant laws and regulations[17]. - The company has established a robust information disclosure management system to ensure accurate and timely communication with investors[21]. - The company is focused on maintaining stakeholder relationships and balancing interests among various parties to promote sustainable development[23]. - The company has made significant progress in its governance practices, aligning with the latest regulatory requirements set by the China Securities Regulatory Commission[17]. - The board of directors and management have adhered to relevant laws and regulations, ensuring the interests of minority shareholders are considered in decision-making[38]. - The company has not proposed any objections regarding matters discussed during the reporting period[37]. - The company reported a profit distribution plan and capital reserve transfer plan that complies with relevant regulations[71]. Financial Performance - The company reported a total distributable profit of -2,920,797,355.07 yuan, indicating a negative retained earnings situation[44]. - The cash dividend amount distributed through other means (such as share buybacks) was 65,000,031.56 yuan, representing 100% of the total profit distribution[45]. - The company will not implement cash dividends, stock bonuses, or capital reserve transfers for the 2023 fiscal year due to negative retained earnings[46]. - The net profit for 2023 was -34,125,689.16 CNY, an improvement from -80,772,534.25 CNY in 2022, indicating a reduction in losses by approximately 57.7%[118]. - Total comprehensive income for 2023 was -43,139,801.41 CNY, compared to -90,392,502.78 CNY in 2022, showing a significant reduction in losses[118]. - The company reported a total revenue from sales and services of 956,163,666.35 CNY in 2023, down from 1,274,207,513.30 CNY in 2022, a decline of approximately 25%[119]. - The company's total revenue for 2023 was CNY 981,768,022.71, down from CNY 1,212,934,668.42 in 2022, reflecting a decline of about 19.0%[150]. - The net profit attributable to shareholders increased to CNY 186,928,517.38 in 2023 from CNY 96,171,626.70 in 2022, marking an increase of approximately 94.5%[153]. Share Repurchase and Capital Structure - A total of 13,157,244 shares of restricted stock will be repurchased and canceled due to not meeting performance targets and two incentive participants leaving the company[47]. - The company repurchased a total of 13,574,400 shares at a total cost of RMB 65,000,031.56, aimed at reducing registered capital[90]. - The company repurchased and canceled a total of 13,574,400 shares, which had a minimal impact on basic and diluted earnings per share and net assets per share attributable to ordinary shareholders[188]. - As of the end of the reporting period, the total number of shares was 2,743,909,792, with 149,672,835 shares under limited sale conditions, representing 5.45% of the total[185]. - The number of unrestricted shares increased to 2,594,236,957, accounting for 94.55% of the total shares after the repurchase[185]. Internal Control and Risk Management - The company maintained effective internal financial reporting controls, with no significant deficiencies identified[50]. - The company has a 100% inclusion rate of its subsidiaries in the internal control evaluation, covering both total assets and operating income[78]. - There were no significant internal control deficiencies identified during the reporting period[66]. - The company is facing potential risks related to new game development and operations, which it is actively monitoring and addressing[12]. Social Responsibility and Public Welfare - The company has been recognized with multiple honors for its social responsibility contributions, including "2023 CSR Annual Social Responsibility Contribution Enterprise" and "Most Socially Responsible Listed Company" awards[81]. - The company actively engages in public welfare activities, including educational support and disaster relief, under its "Zhangqu Public Welfare" brand[82]. - The company continues to focus on rural education development through its public welfare initiatives[82]. - The company completed 2,680 charitable donations through its digital platform, with a total amount exceeding RMB 3.8 million, benefiting 2,653 students and involving 427 volunteers[101]. Asset and Liability Management - The company maintained an asset-liability ratio below 70% during the reporting period[70]. - The total assets as of December 31, 2023, amounted to ¥5,231,690,411.99, a slight increase from ¥5,203,609,407.77 at the beginning of the year[139]. - The total liabilities decreased to ¥476,290,208.14 in 2023 from ¥634,603,610.58 in 2022, reflecting a reduction of approximately 25%[143]. - The company's equity attributable to shareholders increased to ¥4,755,400,203.85 in 2023 from ¥4,569,005,797.19 in 2022, an increase of about 4.1%[143]. Shareholder Information - The company held a total of 198,809 ordinary shareholders at the end of the reporting period, down from 214,363 at the end of the previous month[193]. - Liu Huicheng, a major shareholder, held 171,890,761 shares, representing 6.26% of the total shares, with 128,918,071 shares under limited sale conditions[193]. - The company’s major shareholders include Yao Wenbin and Hong Kong Central Clearing Limited, each holding 78,600,073 and 78,372,461 shares respectively[195]. - The company does not have a controlling shareholder, and there were no changes in the actual controller during the reporting period[198][199].