Ultrapower(300002)2025-04-25 14:05Financial Performance - The company's operating revenue for 2024 reached ¥6,452,399,099.15, an increase of 8.22% compared to ¥5,962,244,473.08 in 2023[17]. - Net profit attributable to shareholders for 2024 was ¥1,427,670,670.61, representing a significant growth of 60.92% from ¥887,180,309.72 in 2023[17]. - The net cash flow from operating activities increased by 52.83% to ¥1,648,068,970.23 in 2024, up from ¥1,078,377,502.12 in 2023[17]. - Basic earnings per share rose to ¥0.7311 in 2024, a 60.68% increase from ¥0.4550 in 2023[17]. - Total assets at the end of 2024 were ¥8,132,332,026.13, reflecting a 19.54% increase from ¥6,802,772,091.55 at the end of 2023[17]. - The company reported a weighted average return on equity of 22.15% for 2024, up from 16.76% in 2023, indicating improved profitability[17]. - The company reported a significant increase in operational efficiency through the integration of a unified cloud management platform, enabling centralized monitoring and automated operations[86]. - The company's revenue reached 645,239.91 million yuan, representing a year-on-year growth of 8.22%[121]. - Net profit attributable to shareholders was 142,767.07 million yuan, marking a significant year-on-year increase of 60.92%, achieving a historical high for the same period[121]. Dividend Distribution - The company plans to distribute a cash dividend of 1 RMB per 10 shares to all shareholders, based on a total of 1,962,564,954 shares[4]. Game Development and Market Presence - The company emphasizes the importance of continuously launching successful game products to mitigate revenue decline from older games, given the fast-paced and competitive nature of the gaming market[4]. - The company has established a strong presence in mobile gaming, serving players in over 150 countries and regions, leveraging advanced technologies like AIGC[28]. - The company aims to enhance its software and IT services to support digital transformation across various industries, including telecommunications and energy[28]. - The company’s mobile games, such as "Age of Origins" and "War and Order," continue to maintain strong revenue streams in the global market[65]. - The company is set to launch two new games, "Stellar Sanctuary" and "Next Agers," by the end of 2024, currently in commercialization testing[65]. - The game business, particularly titles like "Age of Origins" and "War and Order," continues to rank highly in the revenue charts for Chinese game publishers abroad[121]. - The company will focus on creating long-lifecycle premium games and expanding into the SLG game segment while exploring new game development using AIGC tools[199]. Market Trends and Opportunities - The digital economy in China is projected to grow to ¥57 trillion in 2024, highlighting the market potential for the company's digital services[28]. - In 2024, the global mobile game market reached a scale of 635.57 billion RMB, with a year-on-year growth of 4.8% driven by significant increases in IAP consumption for strategy and puzzle games[31]. - The domestic mobile game market achieved sales revenue of 238.22 billion RMB in 2024, marking a year-on-year increase of 5% and setting a historical record for market revenue[35]. - Chinese self-developed games in overseas markets generated sales revenue of 18.56 billion USD in 2024, reflecting a year-on-year growth of 13.4% after two consecutive years of decline[35]. - The software and information technology service industry in China reported a revenue of 13,727.6 billion RMB in 2024, with a year-on-year growth of over 10%[46]. Research and Development - The company has applied for 367 patents in the field of artificial intelligence, with 208 patents granted, including 193 invention patents[68]. - The company has applied for a total of 1,756 patents, with 1,002 patents granted as of December 31, 2024, showcasing its strong R&D capabilities[111]. - The company reported R&D expenditure of ¥304,891,629.33 in 2024, representing 4.73% of operating revenue, a slight decrease from 4.76% in 2023[158]. - The number of R&D personnel decreased by 1.21% to 1,142 in 2024, with the proportion of R&D staff dropping from 28.31% in 2023 to 26.18%[157]. - The company aims to enhance its market position through AI-enabled platforms and innovative products in the telecommunications sector[160]. Cloud Services and ICT Operations - The company has successfully upgraded to a core-level partner of Amazon Web Services in China, enhancing its cloud service capabilities[58]. - The cloud service business has rapidly developed, with over 300 technical certifications obtained from Amazon Web Services and other cloud vendors, establishing localized technical service teams in seven cities[80]. - The company is focusing on transforming its public cloud experience into services that help Chinese enterprises integrate IT resources globally and reduce operational costs[79]. - The cloud services provide a unified, efficient, and reliable IT infrastructure, crucial for enterprises' international expansion and operational continuity[78]. - The company has launched various enterprise-level products and solutions, including "cloud desktop" and "cloud rendering," serving over 300 clients across more than 40 countries and regions[80]. Financial Management and Investment - The company emphasizes a "risk-neutral" management approach in foreign exchange transactions to mitigate the impact of significant exchange rate fluctuations on performance[185]. - The company has implemented strict internal controls and risk management measures for its foreign exchange trading activities[185]. - The company has not engaged in speculative derivative investments during the reporting period[186]. - The company has not utilized any raised funds during the reporting period[187]. - The company achieved a foreign exchange gain of 44.41 million CNY due to the appreciation of the USD against the RMB during the reporting period[184]. Strategic Initiatives and Future Outlook - The future outlook for the company includes a focus on high-quality game development and expansion into overseas markets, driven by advancements in technology such as AI and cloud gaming[193]. - The company aims to become a leading digital economy enterprise with continuous innovation capabilities[196]. - The company plans to enhance its software/game development, AI, IoT, and 5G technology research and development efforts[196]. - The company recognizes the risks associated with new game development and operations[200].