Tom(SZ:300459)2024-04-26 15:58Financial Performance - Revenue for Q1 2024 was CNY 297,236,403.87, a decrease of 12.94% compared to CNY 341,411,332.81 in the same period last year[6] - Net profit attributable to shareholders was CNY 62,118,906.61, down 39.22% from CNY 102,211,043.28 year-on-year[6] - Net profit excluding non-recurring items was CNY 55,783,555.69, a decline of 44.62% compared to CNY 100,719,647.78 in the previous year[6] - Total revenue for the period was CNY 297,236,403.87, a decrease of 12.93% compared to CNY 341,411,332.81 in the previous period[25] - Net profit for the period was CNY 61,973,121.80, a decline of 39.1% from CNY 101,848,827.62 in the prior period[26] - Net profit attributable to the parent company was approximately ¥62.12 million, down from ¥102.21 million in the previous period, representing a decrease of 39.2%[27] - Total comprehensive income attributable to the parent company was approximately ¥47.23 million, compared to ¥117.29 million in the previous period, a decline of 59.8%[27] - Basic and diluted earnings per share were both ¥0.02, down from ¥0.03 in the previous period, a decrease of 33.3%[27] Cash Flow - Operating cash flow net amount was CNY 59,355,114.50, a decrease of 38.04% from CNY 95,789,668.21 in the same period last year[6] - Net cash flow from operating activities was approximately ¥59.36 million, compared to ¥95.79 million in the previous period, a decline of 38.0%[29] - Cash flow from investing activities was CNY 107,669,933.23, a significant recovery compared to CNY -88,133,118.03 in the previous year[11] - Net cash flow from investing activities was approximately ¥107.67 million, improving from a negative cash flow of ¥88.13 million in the previous period[29] - Cash flow from financing activities resulted in a net outflow of approximately ¥156.16 million, compared to a net outflow of ¥116.66 million in the previous period, indicating increased financing activities[30] - The ending cash and cash equivalents balance was approximately ¥186.22 million, up from ¥137.85 million in the previous period, an increase of 35.0%[30] - Cash and cash equivalents increased to CNY 601,537,201.42 from CNY 338,286,945.13, representing a growth of 77.8%[24] Assets and Liabilities - Total assets at the end of the period were CNY 5,210,748,093.77, an increase of 2.32% from CNY 5,092,363,999.46 at the end of the previous year[7] - Total liabilities rose to CNY 2,053,247,298.19, compared to CNY 1,981,944,602.63, marking an increase of 3.59%[25] - Shareholders' equity attributable to shareholders was CNY 3,061,125,901.49, up 1.57% from CNY 3,013,898,717.93 at the end of the previous year[7] - The company's equity attributable to shareholders increased to CNY 3,061,125,901.49 from CNY 3,013,898,717.93, a rise of 1.57%[25] Research and Development - R&D expenses increased by 37.35% to CNY 40,973,203.12 from CNY 29,831,602.61 in the previous year[11] - Research and development expenses were CNY 40,973,203.12, up from CNY 29,831,602.61, reflecting a significant increase of 37.2%[26] - The company is focusing on the upgrade and iteration of AI technology, enhancing AI product content and gameplay, and transitioning "Talking Tom" from a talking character to an interactive chatting character[17] - The company is actively developing multiple new products, including "My Hank Dog: Island," "Jin Jie Cat's Enlightenment Park," and "Sonic Boom," with ongoing research and development efforts from both domestic and overseas teams[20] - The company has established a strategic partnership with Rongxin Culture to enrich the content of the "Children's Secret Series Flip Book" and enhance the experience of the Talking Tom AI storytelling product[21] - The company is developing the "Talking Tom Emotional Companion Model" in collaboration with Xihu Xincheng, aimed at providing personalized and emotionally intelligent interactions[22] - The first phase of the intensive computing center in Dingxi, Gansu, is expected to be completed in the first half of the year, which will support the company's AI business with computing power and storage services[22] - The company has completed major functionality testing for the Talking Tom AI storytelling product, with ongoing data collection for optimization[21] - The company is enhancing the gameplay and personalized interaction capabilities of its first AI mobile game, "Talking Ben AI," through continuous testing and data collection[21] Business Expansion - The company has opened new indoor theme parks in cities such as Lianyungang, Zhucheng, Weihai, and Jinhua, attracting over 20,000 family groups[18] - The company is expanding its offline business and optimizing its revenue structure, focusing on in-house monetization of application product development[20] - The company plans to scale the parent-child theme park model in third and fourth-tier cities in China and is also looking to expand into overseas markets[20]