TANGEL(300148)2025-04-23 12:35Financial Performance - The company's operating revenue for 2024 was ¥460,890,509.01, representing a 2.90% increase compared to ¥447,886,635.37 in 2023[20]. - The net profit attributable to shareholders for 2024 was ¥32,801,183.72, a significant improvement of 154.83% from a loss of ¥59,826,211.89 in 2023[20]. - The net profit after deducting non-recurring gains and losses was ¥28,193,778.84, up 138.38% from a loss of ¥73,459,778.49 in the previous year[20]. - The basic earnings per share for 2024 was ¥0.04, compared to a loss of ¥0.07 in 2023, marking a 157.14% increase[20]. - The total revenue of the evaluated units accounted for 100% of the company's consolidated financial statement revenue[129]. - The total comprehensive income for 2024 was ¥673,198.87, a recovery from a loss of ¥61,593,366.71 in 2023[199]. Assets and Liabilities - The total assets at the end of 2024 were ¥1,426,823,900.80, a decrease of 3.20% from ¥1,474,015,846.55 in 2023[20]. - The net assets attributable to shareholders decreased by 3.80% to ¥936,641,860.40 from ¥973,669,018.73 in 2023[20]. - Total liabilities decreased from ¥368,407,986.33 to ¥357,291,620.65, a reduction of approximately 3.0%[191]. - Total equity decreased from ¥1,105,607,860.22 to ¥1,069,532,280.15, a decline of about 3.3%[191]. - Cash and cash equivalents dropped from ¥597,345,415.69 to ¥316,410,030.26, a decrease of approximately 47.1%[189]. Cash Flow - The net cash flow from operating activities for 2024 was negative at -¥38,168,993.29, a decline of 153.02% from ¥71,991,379.93 in 2023[20]. - Operating cash inflow decreased by 9.96% to ¥477,737,093.67 in 2024, while cash outflow increased by 12.49% to ¥515,906,086.96[54]. - Investment cash flow net decreased by 412.48% to -¥219,537,915.05, primarily due to increased purchases of financial products[55]. - Financing cash inflow surged by 5808.46% to ¥115,214,906.63, mainly from bank loans[55]. Revenue Segments - The education publishing segment generated revenue of 393 million yuan, reflecting a 12.37% increase compared to the previous year[36]. - The mobile gaming segment reported revenue of 68.06 million yuan, a decline of 30.76% year-on-year[41]. - The quarterly revenue for Q4 2024 was ¥219,116,347.55, contributing significantly to the annual revenue growth[22]. Research and Development - R&D expenses dropped by 56.54% to 9,037,111.28, attributed to adjustments in the R&D team[52]. - R&D personnel decreased from 62 in 2023 to 28 in 2024, a reduction of 54.84%[53]. - R&D expenditure for 2024 was ¥9,037,111.28, representing 1.96% of operating revenue, down from 4.64% in 2023[53]. Strategic Initiatives - The company has made strategic adjustments in its asset and business structure, focusing on technology-driven innovations in cultural and educational sectors[30]. - The company aims to become a leading content and technology innovation cultural enterprise in China over the next five years, focusing on AI applications and digital transformation[76]. - The company is actively investing in promising gaming enterprises to enhance overall profit levels and is committed to launching new market-oriented educational products[78]. Shareholder and Governance - The annual shareholders' meeting had a participation rate of 12.21% and approved key reports and proposals, including the 2023 annual financial report and profit distribution plan[90]. - The company established an audit department responsible for internal audit supervision, enhancing internal control and governance structures[87]. - The total remuneration paid to directors, supervisors, and senior management during the reporting period amounted to 4.07 million yuan[101]. Compliance and Risk Management - The company is committed to compliance with regulatory requirements, establishing mechanisms for policy tracking and internal compliance processes to mitigate risks[80]. - The company has implemented a comprehensive risk management and compliance management system[127]. - The internal control audit report received a standard unqualified opinion from the auditing firm[131]. Market Trends - The digital culture market is expected to grow, with the government emphasizing the development of digital education and cultural industries in 2024[29]. - The domestic game market achieved a sales revenue of 3,257.83 billion in 2024, marking a year-on-year growth of 7.53%[28]. - The retail market for educational books saw a growth of 18.73% in 2024, with its market share rising to 25.33% of the total book market[28].