Financial Performance - Alibaba Pictures reported revenue of RMB 3.652 billion for the fiscal year ending March 31, 2022, an increase of RMB 793 million, representing a year-on-year growth of 27.7%[11]. - The company achieved a net profit of RMB 154 million, marking its first profit after losses in previous periods[11]. - Adjusted EBITA recorded a profit of RMB 143 million, reflecting a year-on-year increase of 21.2%[11]. - For the fiscal year ending March 31, 2022, the company reported revenue of approximately RMB 3.65 billion, a significant increase of about RMB 793 million compared to RMB 2.86 billion in the previous year, representing a growth of approximately 27.6%[16]. - The company achieved a net profit of approximately RMB 154 million, a turnaround from a net loss of RMB 117 million in the previous year, marking a significant improvement[16]. - The adjusted EBITA for the reporting period was approximately RMB 1.43 billion, reflecting a 21% increase from RMB 1.18 billion in the previous year[17]. - Operating profit turned from a loss of approximately RMB 108 million to a profit of approximately RMB 279 million; adjusted EBITA profit increased by 21% to approximately RMB 143 million[29]. - Net profit attributable to the company narrowed from a loss of approximately RMB 96 million to a profit of approximately RMB 170 million[29]. Box Office and Film Production - Alibaba Pictures participated in the production and distribution of 44 films, contributing over RMB 26 billion in box office revenue, accounting for 71% of the domestic film box office[11]. - The total national box office reached approximately RMB 42.9 billion, an increase of about RMB 6.7 billion year-on-year, recovering to 73% of pre-pandemic levels[19]. - The content segment generated revenue of approximately RMB 1.95 billion, a 37% increase from RMB 1.42 billion in the previous year[21]. - The company continues to emphasize high-quality content production, with several films achieving top box office rankings in the domestic market[11]. Technology and Digital Initiatives - The digital management platform "YunZhi" was introduced to improve operational efficiency and reduce costs for cinemas[12]. - The technology segment recorded revenue of approximately RMB 1.26 billion, an increase of about RMB 137 million from RMB 1.13 billion in the previous year[18]. - The technology segment recorded revenue of approximately RMB 1.264 billion for the fiscal year 2021/22, representing a 12% increase from approximately RMB 1.127 billion in the previous year[23]. - The digital production business, Yunshang, supported over 100 film crews during the reporting period, with more than 60% being external users[23]. - The digital platform "Lighthouse" expanded its coverage to include performances, dramas, and online movies, becoming a comprehensive data platform for the entertainment industry[23]. IP Development and Commercialization - Alibaba Pictures is focusing on IP development and commercialization, creating a complete vertical industry chain from IP content to service platforms and sales channels[12]. - The IP derivative and commercialization segment saw revenue of approximately RMB 440 million, a 43% increase from RMB 307 million in the previous year[18]. - The number of newly signed IPs increased by 120%, enhancing the visibility of IPs in the market[24]. - The Tmall platform's toy category GMV grew by 57% year-on-year, indicating strong performance in the IP commercialization space[26]. - The company launched the潮玩 brand "KOITAKE," with a flagship store on Tmall, expanding the company's IP derivative products[12]. Strategic Focus and Future Plans - The company plans to continue its strategic focus on content and technology integration, aiming for diversified business development and greater value creation for shareholders[16]. - The company aims to enhance operational efficiency by providing entrusted operation services to Damai, exploring the potential of live entertainment[12]. - The company plans to provide entrusted operation services to enhance operational efficiency and explore the potential of live entertainment in the fiscal year 2022/23[23]. - The company is committed to producing high-quality content that resonates with audiences, with several new series and films set to be released soon[19]. Financial Management and Governance - The company held cash and cash equivalents of approximately RMB 3.56 billion as of March 31, 2022, with no long-term borrowings and a net cash position[34]. - The company has a conservative investment strategy, holding investments in 15 joint ventures and associates valued at approximately RMB 1.723 billion[33]. - The current executive team includes experienced leaders from Alibaba Group, enhancing the company's strategic direction and financial management capabilities[41][42]. - The board includes independent directors with extensive experience in finance and media, contributing to strong governance practices[43][44]. - The company reported a total distributable reserve of approximately RMB 736 million as of March 31, 2022, down from RMB 756 million as of March 31, 2021[49]. Shareholder and Equity Information - The company’s total issued ordinary shares as of March 31, 2022, amounted to 26,975,740,156 shares[54]. - The total equity held by executive directors as of March 31, 2022, includes 15,645,000 shares for the chairman and CEO, representing approximately 0.06% of the total issued share capital[54]. - The company did not recommend the payment of dividends for the fiscal year ending March 31, 2022, consistent with the previous year[49]. - The company has a maximum limit of 30% for the total number of shares that can be issued due to unexercised options under the 2021 share option plan[74]. Related Party Transactions - The company has entered into multiple transactions with related parties, including Alibaba Group and its subsidiaries, which constitute non-exempt continuing connected transactions[113]. - The independent auditor confirmed that all ongoing related party transactions were conducted under fair and reasonable terms, in compliance with the company's pricing policy[152]. - The group has adhered to the disclosure requirements under the Hong Kong Listing Rules regarding related party transactions[152]. Environmental and Social Responsibility - The company is committed to environmentally friendly business practices, aiming to reduce material waste and energy consumption[111]. - The company has taken active measures to promote energy conservation among employees[111]. Risks and Compliance - The company faced various risks and uncertainties, detailed in the corporate governance report, which includes risk management and internal controls[50]. - The group faces risks related to the enforceability of the contractual arrangements under Chinese law, which could significantly impact its business[177].

Financial Performance - Alibaba Pictures Group achieved revenue of RMB 2.859 billion for the fiscal year 2020/21, remaining stable compared to the previous fiscal year[11]. - The company reported an adjusted EBITA profit of RMB 118 million, a turnaround from a loss of RMB 661 million in the previous fiscal year[11]. - In the fiscal year 2020/21, the company reported revenue of RMB 2.859 billion, which is nearly flat compared to RMB 2.875 billion in the previous year, demonstrating resilience amid a challenging environment[15]. - The operating loss significantly narrowed from RMB 981.25 million in the previous year to RMB 107.53 million in the reporting period, a decrease of RMB 873 million[16]. - Adjusted EBITA turned profitable for the first time, recording a profit of RMB 118.14 million compared to a loss of RMB 660.89 million in the previous year[16]. - The total revenue for the reporting period was RMB 28.59 billion, remaining stable compared to the previous year[18]. - The content segment generated revenue of RMB 14.25 billion, an increase of 37% from RMB 10.37 billion in the previous period[18]. - The technology segment reported revenue of RMB 11.27 billion, a decrease of 30% from RMB 16.18 billion in the previous period due to pandemic-related restrictions[18]. - The IP derivatives and commercialization segment achieved revenue of RMB 3.07 billion, a growth of 39% from RMB 2.2 billion in the previous period[18]. - The company recorded revenue of RMB 2.859 billion for the reporting period, remaining flat year-on-year[33]. - Adjusted EBITA turned from a loss of RMB 661 million to a profit of RMB 118 million, marking a significant turnaround[33]. - The net loss attributable to the company narrowed from RMB 1.151 billion to RMB 96 million, a reduction of RMB 1.055 billion year-on-year[33]. Content Production and Distribution - The company participated in the production and distribution of over 20 films, with 6 films from the "Jincheng Hezhi Plan" accounting for 68% of the national box office[11]. - The company aims to expand its content production capabilities into genres such as variety shows and offline entertainment content[11]. - The company is committed to becoming a leading provider of quality content across the entire entertainment industry[11]. - The company aims to expand its content offerings to become a leading provider in the entire entertainment industry[20]. - The company has a diverse lineup of upcoming series, with significant viewership on platforms like Douyin, indicating strong audience engagement[22]. - The company participated in the production and distribution of 25 films, contributing over RMB 24.7 billion in box office revenue, accounting for 68% of total box office[21]. - The company secured 10 of the top 3 films during key holiday periods, contributing RMB 21.3 billion, which represents 92% of the box office for those periods[21]. User Engagement and Digital Platforms - User engagement on the Taopiaopiao platform increased, with the number of users consuming content after viewing promotions rising by 20% compared to the previous fiscal year[12]. - The cloud intelligence product, Yunzhih, maintained the highest number of ticketing cinemas in the industry during the fiscal year 2020/21[12]. - The ticketing platform, Tao Piao Piao, saw a 20% increase in user consumption after enhancing its promotional capabilities during the post-pandemic recovery[25]. - The digital intelligence platform, including products like "Lighthouse" and "Tao Xiu Guang Ying," covered over 500 million users and contributed to 97% of the box office for partnered films during the reporting period[25]. Business Strategy and Growth - The company is focused on building a digital ecosystem in the entertainment industry, covering both B2B and B2C users[11]. - The company’s strategic focus on "quality content + new infrastructure" has been a key driver of its operational results[11]. - The company is committed to diversifying its business segments while leveraging its unique advantages in "content + technology" to drive growth[15]. - The company expressed confidence in its future development, emphasizing continued innovation and collaboration within the broader entertainment industry[15]. - The company aims to enhance its IP matrix to increase the commercial value of products through innovative design and resource integration[14]. - The company launched a new brand "Jinli Naqu" focusing on trendy toys, leveraging its strengths in content IP and marketing[14]. Financial Health and Investments - The company held cash and cash equivalents of approximately RMB 3.917 billion as of March 31, 2021[37]. - The company has a net cash position with a capital-to-equity ratio of zero, indicating no net debt[37]. - The company plans to continue investing in quality content and new infrastructure to drive business upgrades and enhance customer value[30]. - The company has maintained its corporate governance practices, with a focus on accountability and risk management[50]. - The company is committed to environmentally friendly business practices, aiming to reduce material waste and energy consumption, which also brings economic benefits[103]. Corporate Governance and Compliance - The board of directors includes independent non-executive directors, ensuring governance and oversight[52]. - The company is actively involved in risk management and has outlined key risks and uncertainties in its governance report[50]. - The company has complied with applicable laws, rules, and regulations in all material respects during the fiscal year ending March 31, 2021[102]. - The company has established and maintained appropriate insurance to protect against potential legal actions targeting its directors and management[101]. - The company aims to enhance corporate governance and maintain high levels of transparency and accountability[192]. Shareholder and Equity Information - The total number of ordinary shares issued by Alibaba Group Holdings Limited (AGH) as of March 31, 2021, is 21,699,031,448 shares[22]. - The company has a total of 26,834,946,210 ordinary shares issued as of March 31, 2021[54]. - Major shareholders include Ali CV, holding 50.26% of the issued share capital, and other entities under its control[181]. - The company did not recommend the payment of dividends for the fiscal year ending March 31, 2021, consistent with the previous year[50]. Employee and Management Information - As of March 31, 2021, the group employed 1,163 employees, an increase from 1,134 employees as of March 31, 2020[40]. - Employee benefits expenses totaled RMB 595 million during the reporting period[40]. - The board consists of seven members, including three executive directors, one non-executive director, and three independent non-executive directors[193]. - All executive directors attended 100% of board meetings and shareholder meetings[196]. Related Party Transactions - The company engaged in several transactions with related parties, including Alibaba Group Holding Limited, which holds approximately 50.26% of the company's issued share capital[105]. - The group’s independent auditor confirmed that all related party transactions were conducted on fair and reasonable terms[144]. - The group has adhered to the guidelines set forth by the Hong Kong Stock Exchange regarding related party transactions[144]. Risk Factors and Regulatory Compliance - The company faces regulatory risks related to the structure agreements, which may not comply with applicable Chinese laws and regulations, potentially leading to significant adverse effects on business operations[175]. - The company will closely monitor developments in foreign investment regulations and assess their potential impact on new contractual arrangements and related business operations[178].

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