三七互娱(002555) - 2024 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2024 reached CNY 4.75 billion, an increase of 26.17% compared to CNY 3.76 billion in the same period last year[4] - Net profit attributable to shareholders was CNY 616.15 million, a decrease of 20.45% from CNY 774.56 million year-on-year[4] - The company's net profit for Q1 2024 was CNY 615.99 million, down from CNY 765.28 million in Q1 2023, reflecting a decrease of approximately 19.5%[25] - Operating profit for Q1 2024 was CNY 705.96 million, compared to CNY 852.66 million in the same period last year, indicating a decline of around 17.3%[25] - The company's net profit margin for Q1 2024 is not explicitly stated but can be inferred from the revenue and cost figures[24] Cash Flow and Liquidity - The net cash flow from operating activities was CNY 1.17 billion, down 10.76% from CNY 1.31 billion in the previous year[4] - The cash flow from operating activities for Q1 2024 was CNY 1.17 billion, a decrease from CNY 1.31 billion in Q1 2023, showing a decline of about 10.7%[26] - The company's cash and cash equivalents increased to CNY 6,868,736,492.80 from CNY 6,176,992,875.55, reflecting a growth of 11.2%[20] - The company reported a cash and cash equivalents balance of CNY 3.69 billion at the end of Q1 2024, down from CNY 4.99 billion at the end of Q1 2023[27] - The net cash flow from financing activities for Q1 2024 was CNY 748.29 million, an increase from CNY 585.99 million in Q1 2023, reflecting a growth of approximately 27.7%[27] Assets and Liabilities - The total assets at the end of the reporting period were CNY 20.68 billion, an increase of 8.07% from CNY 19.13 billion at the end of the previous year[4] - The total assets of the company as of March 31, 2024, amounted to CNY 20,679,112,002.53, compared to CNY 19,134,551,079.36 at the beginning of the year, indicating a growth of 8.1%[22] - The total liabilities of the company as of March 31, 2024, were CNY 7,324,257,381.58, up from CNY 6,322,188,671.02, reflecting an increase of 15.9%[22] - Short-term borrowings increased by 50.70%, rising by 788 million RMB, primarily due to increased note financing and bank loans during the reporting period[12] - The company's short-term borrowings increased to CNY 2,342,769,583.34 from CNY 1,554,577,083.34, representing a rise of 50.6%[22] Expenses and Costs - The total operating costs for Q1 2024 were CNY 4,096,738,133.82, up 35.5% from CNY 3,023,394,433.87 in Q1 2023[24] - The company experienced a significant increase in sales expenses due to the promotion of new games, which impacted the profit margins[5] - Sales expenses increased by 50.76%, an increase of 973 million RMB, driven by the successful performance of multiple games launched in the second half of 2023[12] - Research and development expenses for Q1 2024 were CNY 175.09 million, compared to CNY 199.87 million in Q1 2023, a decrease of approximately 12.4%[25] Shareholder Information - Total number of common shareholders at the end of the reporting period was 157,927[12] - The balance of treasury stock increased by 33.51%, rising by 101 million RMB, due to share repurchases for capital reduction purposes[12] - The company repurchased a total of 5,626,600 shares, accounting for 0.25% of the total share capital, with a total expenditure of CNY 100,691,594[18] - The company plans to continue its share repurchase program within the approved budget of CNY 100 million to CNY 200 million over the next 12 months[18] Investment and Income - Investment income rose by 172.02%, increasing by 18 million RMB, due to dividends declared by associated companies during the reporting period[12] - The company recorded investment income of CNY 29.08 million in Q1 2024, significantly higher than CNY 10.69 million in Q1 2023, marking an increase of about 172.5%[25] Strategic Initiatives - The company has over 40 self-developed or agency high-quality mobile games in its pipeline, including titles like "Code Name Douluo MMO" and "Time Grocery Store"[5] - The company plans to continue its strategy of "premium, diversified, and global" game offerings to enhance product quality and market share[5]