Rastar(SZ:300043)2017-06-26 11:05Financial Performance - In 2016, the company's revenue reached RMB 2.393 billion, representing a year-on-year growth of 43.08%[8] - The net profit attributable to shareholders was RMB 458 million, with a year-on-year increase of 30.15% and a compound annual growth rate of 43.62% over the past ten years[8] - The company's revenue for 2016 reached RMB 2,393,272,593.58, representing a 43.08% increase compared to RMB 1,672,660,686.35 in 2015[26] - Net profit attributable to shareholders was RMB 458,027,664.93, up 30.15% from RMB 351,933,633.93 in the previous year[26] - The net profit after deducting non-recurring gains and losses was RMB 426,412,561.02, a significant increase of 94.76% compared to RMB 218,943,127.98 in 2015[26] - The company's total assets as of the end of 2016 amounted to RMB 5,121,692,032.33, reflecting a 55.15% growth from RMB 3,301,103,124.07 in 2015[26] - The basic earnings per share for 2016 was RMB 0.37, which is a 32.14% increase from RMB 0.28 in 2015[26] - The weighted average return on equity was 19.72%, an increase of 2.49% from 17.23% in the previous year[26] - The net cash flow from operating activities was RMB 192,935,471.80, representing a 93.95% increase compared to RMB 99,477,605.97 in 2015[26] - The company achieved a revenue of 2,393.27 million CNY in 2016, an increase of 43.08% year-on-year, and a net profit of 458.03 million CNY, up 30.15% year-on-year[55] Gaming Segment - The gaming segment achieved a revenue growth of 122.87% year-on-year, supported by the acquisition of classic game IPs for mobile adaptations[9] - The gaming business generated revenue of CNY 1.13 billion in 2016, representing a year-on-year growth of 122.87%[36] - The gaming business generated a revenue of 1,129.82 million CNY, representing a year-on-year growth of 122.87%[55] - The mobile game "Dragon City" reached a monthly revenue of 130 million CNY, while several other games maintained monthly revenues exceeding 10 million CNY[55] - The company maintains a strong competitive advantage in the gaming sector through a full-process operation model of "R&D + distribution + operation" and partnerships with major platforms like Tencent[45] - The company plans to enhance its game IP development and content strategy, focusing on adaptations of classic game IPs like "Three Kingdoms" and "Legend of Blood" into mobile games[58] - The company aims to establish a comprehensive heavy mobile game community platform through its subsidiary, TT Voice, to enhance user engagement and spending[59] Toy and Derivative Products - The total order amount for toys and derivatives has reached the best performance since the company's establishment[11] - The toy and derivative products business reported revenue of CNY 700.79 million in 2016, which was a decline of 7.19% compared to the previous year[37] - The toy and derivative products business achieved revenue of RMB 700.79 million, a year-on-year decrease of 7.19%[60] - The company's toy model business generated revenue of RMB 518.40 million, down 11.18% year-on-year, while the infant products business saw revenue of RMB 182.39 million, an increase of 6.36%[60] - The number of toy and derivative products sold decreased by 10.49% to 11,260,899 units from 12,580,582 units[79] - The inventory of toy and derivative products decreased by 45.56% to 770,896 units compared to 1,415,969 units last year[79] Sports Business - The sports business achieved revenue of CNY 480.77 million in 2016, marking the company's entry into the sports industry through the acquisition of a controlling stake in the Spanish football club[39] - The sports business generated revenue of RMB 480.77 million, with TV broadcasting rights contributing RMB 297.95 million, sponsorship and advertising income at RMB 55.98 million, ticket sales at RMB 58.50 million, player transfer income at RMB 49.48 million, and football derivatives at RMB 18.86 million[65] - The company acquired the Spanish La Liga team RCD Espanyol, becoming the first domestic enterprise to control a club in one of Europe's top five leagues[64] - RCD Espanyol's broadcasting rights revenue accounts for nearly 50% of total revenue, benefiting from the recent distribution reform in La Liga, which is expected to significantly increase overall broadcasting income[66] - In the 2016/17 season, RCD Espanyol signed 11 new players and appointed coach Quique Sánchez Flores, who has extensive experience in top leagues[67] - RCD Espanyol aims to achieve historic breakthroughs in league rankings and European competition qualifications while maintaining profitability[68] Investment and Capital Raising - The company plans to raise RMB 1.119 billion through a rights issue to strengthen its gaming and other business segments[8] - The company intends to raise up to 1.12 billion yuan through a rights issue to support game development, repay debts, and supplement working capital[72] - The company plans to issue shares and pay cash to acquire 67.13% equity of Guangzhou Quwan Network Technology Co., Ltd., with a fundraising target of up to RMB 969.514 million[192] - The company proposed a non-public offering of shares to raise up to RMB 1.557 billion for various projects, including "Quality IP Roaming Link Project" and "Royal Spanish Club Team Upgrade Project"[193] - The company has not reported any idle funds after two years of raising capital, indicating effective utilization of the raised funds[113] Research and Development - The company has established a comprehensive research and development laboratory to shorten the development cycle of toy models from over one year to less than four months[44] - The company has increased its R&D investment, adding 33 new patents in 2016, bringing the total to 162 patents by the end of the year[63] - Research and development expenses increased by 30% in 2016, totaling 50 million yuan, to support innovation[153] - The company plans to invest 100 million yuan in new technology development over the next two years[154] Market Expansion and Strategy - The company aims to focus on coordinated development across its main businesses, including gaming, toys, and sports, to achieve sustainable growth[11] - The company is expanding its market presence in Southeast Asia, targeting a 10% market share by the end of 2018[153] - The company is actively pursuing market expansion through strategic equity transfers and negotiations with local authorities[158] - The company plans to enhance its business model and development strategy by focusing on "internal growth, external expansion, and integrated development" while actively pursuing internationalization and mergers[125] Shareholder Returns and Profit Distribution - The company has distributed a total of RMB 210 million in cash dividends since its listing, reflecting its commitment to shareholder returns[8] - The company plans to distribute a cash dividend of 0.60 RMB per 10 shares, totaling 74,651,904.06 RMB, based on a total share capital of 1,244,198,401 shares[147] - The cash dividend represents 100% of the total profit distribution amount, adhering to the policy that at least 80% of profits should be distributed as cash dividends during mature stages[147] - The company’s profit distribution policy allows for adjustments in response to significant external changes, ensuring shareholder interests are prioritized[143] Compliance and Governance - The company has maintained a good integrity status, with no unfulfilled court judgments or significant debts due during the reporting period[169] - The company has not experienced any major litigation or arbitration matters during the reporting period[167] - The independent directors have fulfilled their responsibilities and provided independent opinions on the profit distribution proposals[147] - The company has communicated effectively with shareholders, especially minority shareholders, regarding profit distribution proposals[145]