Kaiser(002425)2022-04-26 16:00Financial Performance - The company's operating revenue for 2021 was approximately ¥932.83 million, representing a 58.16% increase compared to ¥589.81 million in 2020[16]. - The net profit attributable to shareholders for 2021 was approximately ¥81.51 million, a decrease of 33.91% from ¥123.33 million in 2020[16]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was approximately ¥125.66 million, an increase of 26.32% from ¥99.47 million in 2020[16]. - The net cash flow from operating activities for 2021 was approximately ¥300.93 million, a decrease of 13.64% from ¥348.47 million in 2020[16]. - The basic earnings per share for 2021 was ¥0.0886, down 41.56% from ¥0.1516 in 2020[16]. - The diluted earnings per share for 2021 was also ¥0.0886, reflecting the same percentage decrease of 41.56% from ¥0.1516 in 2020[16]. - Total revenue for 2021 reached ¥932,832,501.86, a year-on-year increase of 58.16% from ¥589,813,575.10 in 2020[53]. - Revenue from the cultural and entertainment sector was ¥919,944,389.83, accounting for 98.62% of total revenue, with a year-on-year growth of 69.07%[55]. - Game revenue share increased to 73.30% of total revenue, amounting to ¥683,798,141.73, reflecting a 45.10% increase compared to the previous year[55]. - The company reported a net profit attributable to shareholders of ¥149,887,366.91 in Q1 2021, compared to a loss in Q4 2020[56]. Assets and Liabilities - Total assets increased by 16.22% to CNY 5,821,766,241.64 at the end of 2021 compared to CNY 5,009,233,120.08 at the end of 2020[18]. - Net assets attributable to shareholders rose by 20.54% to CNY 5,030,297,769.74 at the end of 2021 from CNY 4,173,007,133.71 at the end of 2020[18]. - As of the end of 2021, cash and cash equivalents increased to ¥498,582,495.9, representing 8.56% of total assets, up from 2.49% at the beginning of the year, primarily due to funds raised from a private placement[74]. - Accounts receivable rose to ¥512,025,089.06, accounting for 8.80% of total assets, an increase from 7.40%, driven by growth in operating revenue[74]. - Short-term borrowings decreased significantly to ¥259,957,136.81, down from ¥487,803,435.45, reflecting repayment of bank loans during the period[74]. Strategic Initiatives - The company plans not to distribute cash dividends or issue bonus shares[5]. - The company has outlined potential risks and uncertainties in its future outlook, emphasizing the need for investors to be aware of these factors[4]. - The company's strategy includes exploring international business opportunities and actively expanding into overseas markets to enhance profitability[30]. - The company plans to integrate emerging technologies into its business strategy to develop innovative game products and increase market share[30]. - The company is currently developing multiple new projects aimed at expanding its product offerings, including a VR AR technology exploration project[65]. - The company aims to enhance operational efficiency and optimize asset structure through strategic equity transfers, which will also improve liquidity[90]. - The company is focused on establishing long-term and stable cooperative relationships to enhance its market position[89]. - The company is actively pursuing market expansion and new strategies to drive future growth and profitability[89]. Research and Development - The company focuses on developing high-quality mobile games, leveraging its strong IP resources to enhance monetization capabilities[41]. - The company has a strong R&D capability, with subsidiaries capable of developing multiple high-quality games simultaneously[34]. - Research and development expenses increased by 11.61% to ¥82,853,568.48, reflecting the company's commitment to enhancing product competitiveness[64]. - Total R&D investment reached ¥203,539,452.57, a 33.72% increase from the previous year, with R&D investment as a percentage of revenue decreasing to 21.82%[67]. - The number of R&D personnel grew by 32.99% to 774, with a notable increase in the proportion of personnel holding bachelor's degrees to 48.26%[67]. Market Performance - The actual sales revenue of China's game market in 2021 was CNY 296.51 billion, an increase of CNY 17.83 billion, with a year-on-year growth of 6.40%[28]. - The mobile game market accounted for 76.06% of the total game market revenue in 2021, with actual sales revenue of CNY 225.54 billion, growing by 7.57% year-on-year[28]. - The number of game users in China reached 666 million in 2021, with a slight year-on-year increase of 0.22%[28]. - The company's self-developed and agency games generated over 1.6 billion CNY in total revenue for the year, with new product "Glory New Three Kingdoms" alone contributing over 200 million CNY globally in its first year[43]. - The classic product "Three Kingdoms 2017" generated over 1 billion CNY in revenue, maintaining a strong position in the Japanese and Hong Kong markets[43]. Corporate Governance - The company has established a comprehensive governance structure, ensuring compliance with relevant laws and regulations, and protecting shareholder rights[110]. - The board of directors consists of 9 members, including 3 independent directors, ensuring a balanced and professional decision-making process[111]. - The company has a governance structure that complies with legal regulations, with no significant discrepancies noted[116]. - The board's activities during the reporting period demonstrate a proactive approach to corporate governance and strategic planning[137]. - The company has established a governance mechanism with independent directors and a supervisory board to ensure effective oversight of management[153]. Social Responsibility - The company donated a total of 440,000 RMB to support education development in Meitang Town, Puning City, Guangdong Province[160]. - The company emphasizes the importance of protecting minors and has developed games primarily targeting adult customers, with no future products aimed at minors[161]. - The company is committed to fulfilling its social responsibilities while generating profits for shareholders[160]. - The company has established a minor protection system to prevent addiction and excessive spending on online games[161]. - The company continues to support local education and rural development initiatives as part of its corporate social responsibility[160]. Employee Management - The total number of employees at the end of the reporting period was 940, with 928 from major subsidiaries and 12 from the parent company[140]. - The total employee compensation for the reporting period amounted to RMB 87.32 million, accounting for 12.63% of total operating costs[142]. - The company has a competitive compensation system that includes fixed salaries, bonuses, and diverse benefits to attract and retain talent[142]. - The company has established a training platform called "Youjia Academy" to enhance the training and development of R&D personnel[143]. - The company has implemented measures to enhance employee loyalty and creativity through a positive work environment and corporate culture[104]. Compliance and Regulatory Matters - The company has established a dedicated department to monitor regulatory changes and ensure compliance with gaming regulations, mitigating risks associated with policy changes[100][101]. - The company has not faced any penalties from securities regulatory authorities in the past three years[127]. - The company has not reported any major acquisitions or disposals of assets or equity during the reporting period[187]. - The company has not engaged in any related party transactions during the reporting period[186]. - The company has not undergone any bankruptcy reorganization during the reporting period[183].