Tianyu Group(SZ:002354)2022-04-15 16:00Financial Performance - The company's operating revenue for 2021 was ¥1,764,077,431.80, representing a 77.07% increase compared to ¥996,266,630.37 in 2020[30]. - The net profit attributable to shareholders for 2021 was ¥42,720,721.51, a decrease of 72.07% from ¥152,936,222.50 in 2020[30]. - The net profit after deducting non-recurring gains and losses was -¥185,710,775.56 in 2021, showing a 92.40% improvement from -¥2,443,171,021.17 in 2020[30]. - The net cash flow from operating activities was -¥52,224,878.23 in 2021, a decline of 155.60% compared to ¥93,931,407.74 in 2020[30]. - The total assets at the end of 2021 were ¥3,586,231,477.25, down 5.74% from ¥3,804,657,415.89 at the end of 2020[30]. - The weighted average return on equity for 2021 was 1.53%, a decrease of 14.66% from 16.19% in 2020[30]. - Total revenue for the year 2021 reached ¥1,764,077,431.80, representing a 77.07% increase compared to ¥996,266,630.37 in 2020[71]. - The data traffic sector contributed ¥1,462,487,572.56, accounting for 82.90% of total revenue, with a remarkable growth of 207.00% year-over-year[71]. - The e-sports gaming sector saw a decline in revenue to ¥301,589,859.24, which is a 41.99% decrease from ¥519,878,866.15 in 2020[71]. Business Operations - The company has not changed its main business operations since its listing[25]. - The company has not disclosed any new product or technology developments in the provided documents[6]. - The company reported a quarterly operating revenue of ¥595,735,736.13 in Q4 2021, up from ¥282,524,821.27 in Q1 2021[33]. - The company aims to leverage its core advantages in data, algorithms, and scenarios to deepen its business layout in the digital economy[41]. - The company is focusing on building a user-centered business system to enhance product offerings and provide long-term value to users[124]. - The company is committed to strengthening its risk management framework to mitigate potential risks, including market competition and policy changes[126][127]. User Engagement and Market Presence - The number of registered users for the company's digital gaming platform exceeded 150 million, while the data flow platform reached 261 million registered users[52]. - The mobile gaming market in China generated approximately 225.54 billion CNY in revenue in 2021, with a year-on-year growth of 7.6%[46]. - The esports market in China achieved actual sales revenue of 140.18 billion CNY in 2021, with a user base growing to 490 million[46]. - "PK.NOW!" registered user count reached 580,000, with 43% being female users, achieving a near gender balance[58]. - The company launched over 60 premium casual games in collaboration with "PK.NOW!", including top products like "Crazy Zoo" and "Ski Adventure"[58]. Financial Management and Governance - The company’s financial report was confirmed to be true, accurate, and complete by the board of directors and management[5]. - The company maintained independence from its largest shareholder, with no related party transactions reported during the period[143]. - The company has established independent financial departments and accounting systems, with no shared bank accounts with major shareholders[156]. - The total remuneration for directors, supervisors, and senior management during the reporting period amounted to CNY 999.11 million[188]. - The company has a structured decision-making process for determining the remuneration of directors and supervisors, which requires approval from the shareholders' meeting[184]. Strategic Development - The company plans to address major risks and countermeasures in its future development outlook[6]. - The company is developing a data-sharing exchange platform to enhance data integration and application capabilities[124]. - The company is focusing on the development of virtual digital humans, aiming for low-cost and rapid production capabilities[70]. - The company aims to enhance its digital competitive platform by expanding its user base and improving user engagement through data insights and algorithm optimization[124]. Changes in Management - The company has seen significant changes in its board and supervisory personnel, with multiple resignations and appointments throughout 2021[168]. - The company appointed a new chairman of the supervisory board, Han Xue, on June 25, 2021, following the resignation of Shao Changkai due to personal reasons[168]. - Liu Guanbo was appointed as the vice general manager on April 28, 2021, by the board of directors[169]. - The current chairman, Shen Zhonghua, has extensive experience in investment banking and management, previously serving as the vice chairman of CITIC Capital Management[169]. Investor Relations and Communication - The company conducted various investor relations activities, including online performance briefings and telephone communications, to address investor inquiries and concerns[148]. - The company discussed the cancellation of the delisting risk warning and its business development plans during the investor communication on May 10, 2021[132]. - The company highlighted the operational status of its data flow business and the expansion of its e-sports and beauty e-commerce sectors during the investor meeting on July 9, 2021[132].