Kaiser(002425)2023-04-26 16:00Financial Performance - The company's operating revenue for 2022 was ¥621,264,570.71, a decrease of 33.40% compared to ¥932,832,501.86 in 2021[24]. - The net profit attributable to shareholders was -¥655,731,509.96 in 2022, representing a decline of 904.47% from ¥81,511,054.57 in 2021[24]. - The net profit after deducting non-recurring gains and losses was -¥574,800,308.63, down 557.44% from ¥125,655,073.43 in the previous year[24]. - The cash flow from operating activities was ¥107,724,353.95, a decrease of 64.20% compared to ¥300,931,960.30 in 2021[24]. - The basic and diluted earnings per share were both -¥0.6896, a drop of 878.33% from ¥0.0886 in 2021[24]. - Total assets at the end of 2022 were ¥5,037,288,969.26, down 13.47% from ¥5,821,766,241.64 at the end of 2021[24]. - The weighted average return on equity was -13.98% in 2022, a decrease of 15.87% from 1.89% in 2021[24]. - The total revenue for 2022 was approximately ¥621.26 million, representing a decrease of 33.40% compared to ¥932.83 million in 2021[56]. - Revenue from the cultural and entertainment sector was ¥609.59 million, accounting for 98.12% of total revenue, down 33.74% from ¥919.94 million in 2021[56]. - Game revenue share was ¥568.24 million, making up 91.46% of total revenue, a decline of 16.90% from ¥683.80 million in 2021[56]. Business Strategy and Operations - The main business has shifted from high-end clothing design and manufacturing to cultural activities, multimedia product design, and game software development since September 2016[21]. - The company reported a significant focus on technology development and cultural product innovation, including game software technology[22]. - The company focuses on developing high-quality games and has a strong R&D capability, allowing it to generate revenue from both game operations and technical services[40]. - The company has established a diversified IP matrix, including popular titles like "One Piece" and "Yu Yu Hakusho," enhancing its IP resource reserves[43]. - The company is exploring international business opportunities, particularly in overseas markets, to improve its overall profitability[38]. - The company operates under a joint operation model, collaborating with game publishers to manage game distribution and revenue sharing[40]. - The company is actively expanding its IP portfolio, with popular titles like "镇魂街" and "航海王" contributing to its growth strategy[52][54]. - The company is focusing on diversifying its business model to adapt to the competitive landscape, particularly in the internet advertising sector[49]. - The company plans to launch new mobile games based on popular IPs, including "Zhe Tian World" and "Zhen Hun Street: Dawn," to capture more users in a competitive market[97]. - The company aims to revitalize older games to extend their lifecycle and maintain user engagement amid a tightening market environment[97]. Research and Development - The company is investing in AI and big data through the establishment of Beihai Yuan Shijie Big Data Co., aiming to innovate in online gaming technology[54]. - The R&D budget for new technologies has been increased by 30%, focusing on enhancing user experience and product innovation[130]. - The company is currently developing multiple R&D projects aimed at expanding product types and enhancing competitiveness, including RPG card games and classic fighting IPs[69]. - The number of R&D personnel increased to 792 in 2022, a rise of 2.33% from 774 in 2021, with the proportion of R&D personnel reaching 83.11%[69]. - Research and development expenses increased by 21.24% to 100,455,655.62, indicating a focus on innovation[68]. Governance and Compliance - The company emphasizes the importance of risk awareness regarding forward-looking statements in its annual report[4]. - The company has established a comprehensive governance structure, with independent financial management and accounting systems, ensuring financial independence[116]. - The company strictly adheres to the requirements of the Company Law, Securities Law, and relevant regulations, ensuring compliance in corporate governance and information disclosure[110]. - The board of directors consists of 8 members, including 3 independent directors, ensuring a balanced governance structure[111]. - The company maintains complete independence from its controlling shareholder, with no guarantees or non-operating fund occupation by the controlling shareholder during the reporting period[111]. - The company has established a governance mechanism with independent directors and a supervisory board to ensure effective oversight of management[153]. - The company has implemented effective measures to protect the rights of stakeholders, promoting balanced interests among shareholders, employees, and society[113]. Market Challenges - The company is facing challenges due to increased operating costs, insufficient project reserves, and cash flow gaps in the current market environment[36]. - The company has faced significant operational challenges due to macroeconomic fluctuations and industry demand shrinkage[45]. - The Chinese gaming market's actual sales revenue in 2022 was ¥265.884 billion, a decline of 10.33% year-on-year[36]. - The number of gaming users in China decreased to 664 million in 2022, a drop of 0.33% compared to the previous year[36]. - The company acknowledges intense competition in the mobile gaming industry and is committed to increasing R&D investment to develop high-quality games[101]. Employee Management - The total employee count at the end of the reporting period was 953, with 942 from major subsidiaries[144]. - The total employee compensation expense for the reporting period was 123.47 million yuan, accounting for 14.94% of total operating costs[146]. - The company plans to enhance its compensation and benefits system to attract and retain talent, ensuring competitiveness and fairness[146]. - The company has a diverse benefits package, including health check-ups and team-building activities, in addition to standard insurance[146]. - The company is focused on retaining core talent and has implemented incentive mechanisms to boost employee loyalty and creativity[105]. Environmental and Social Responsibility - The company emphasizes social responsibility, supporting education development in Meitang Town, Puning City, Guangdong Province[161]. - The company has implemented measures to protect minors, including real-name registration and anti-addiction systems for its games[162]. - The company does not belong to the key pollutant discharge units as published by the environmental protection department[159]. - The company has not faced any administrative penalties due to environmental issues during the reporting period[160]. Financial Management - The company raised a total of ¥900,399,994.20 through a non-public offering, with a net amount of ¥870,671,005.86 after deducting fees[86]. - The company’s cash flow management strategy includes temporarily idle funds being invested in bank wealth management products[86]. - The company reported a total of ¥155,603,204 in accounts payable, with a year-on-year increase of 3.09%[77]. - The company’s total financial liabilities remained at ¥0.00, indicating no outstanding debts[79]. - The company has committed to distributing at least 20% of the annual distributable profits in cash to shareholders[167].