TANGEL(300148)2024-10-11 08:05Financial Performance - Total liabilities as of June 30, 2024, amounted to 317 million yuan [2] - The company has fully provisioned for goodwill impairment [2] Business Operations - The company is focusing on enhancing competitiveness in publishing, distribution, and online gaming, with a particular emphasis on cost reduction and efficiency improvement in the gaming sector [2] - The company is actively exploring new business opportunities driven by technological innovation in cultural entertainment and education sectors [2] - The company is not currently involved in the low-altitude economy sector [1] Strategic Partnerships and Collaborations - The company has a strategic cooperation agreement with iFlytek, focusing on AI-driven solutions in education and smart education [2] - There is currently no business collaboration with Huawei [2] - The company did not participate in the distribution of "Black Myth: Wukong" [2] Investor Relations and Corporate Governance - The company conducted an online performance briefing on October 10, 2024, addressing investor queries [1] - The company is implementing a 2024 equity incentive plan involving stock options and restricted stock [3] - A director's stock sale was attributed to personal financial arrangements and not indicative of the company's future prospects [2] Gaming Sector - The company's mobile gaming business in 2024 has seen optimization and cost efficiency improvements, with a focus on leveraging long-term profitable games and exploring new technologies and products [3] - Revenue from the gaming sector is recognized upon player consumption, with unspent prepayments reflected in contract liabilities and other non-current liabilities [1]