E-Soul(SH:603258)2025-04-25 10:15Financial Performance - The company's operating revenue for 2024 was CNY 550,457,644.53, a decrease of 18.71% compared to CNY 677,120,191.50 in 2023[25]. - The net profit attributable to shareholders for 2024 was CNY 30,578,938.22, down 46.20% from CNY 56,837,879.31 in 2023[25]. - The net profit after deducting non-recurring gains and losses for 2024 was CNY 5,299,238.57, a significant decline of 91.11% from CNY 59,610,120.51 in 2023[25]. - The net cash flow from operating activities for 2024 was CNY 115,264,503.81, a decrease of 46.94% compared to CNY 217,215,731.20 in 2023[25]. - The total assets at the end of 2024 were CNY 2,571,922,227.91, down 5.25% from CNY 2,714,459,498.03 at the end of 2023[25]. - The net assets attributable to shareholders at the end of 2024 were CNY 2,192,114,134.42, a decrease of 3.52% from CNY 2,272,158,502.75 at the end of 2023[25]. - Basic earnings per share for 2024 were CNY 0.12, down 47.83% from CNY 0.23 in 2023[26]. - The weighted average return on equity for 2024 was 1.37%, a decline of 1.09 percentage points from 2.46% in 2023[26]. Dividend Policy - The company plans not to distribute profits for the fiscal year 2024, with a total cash dividend of 56,430,160.31 yuan already distributed in the first half of 2024, accounting for 184.54% of the net profit attributable to shareholders for the year[6]. - The company has not proposed a cash profit distribution plan for 2024, citing the need to retain earnings for operational stability and future development[193]. - The company has a cash dividend policy that prioritizes cash dividends, aiming for a minimum of 30% of the average distributable profit over the last three years to be distributed in cash[190]. Audit and Compliance - The company has received a standard unqualified audit report from Zhonghui Certified Public Accountants[5]. - All members of the board of directors attended the board meeting, ensuring the integrity of the annual report[4]. - The company has not reported any issues with the authenticity and completeness of the annual report by the board of directors[9]. - The company has not violated decision-making procedures for external guarantees[9]. - There are no non-operational fund occupations by controlling shareholders or related parties[8]. Risk Management - The company has detailed risk disclosures in the management discussion and analysis section of the report[10]. - The company emphasizes the importance of investment risk awareness in its forward-looking statements[7]. - The company recognizes the risk of declining gross margins due to increased competition and rising costs associated with new game development, and it plans to implement detailed budget management and cost control measures[158]. Game Development and Market Presence - The company has expanded its product offerings to include H5 games, VR games, and esports events, enhancing its market presence[33]. - The company has a robust pipeline of new products, including "Wild Brawl 2," "Cultivation Era," and "Encountering Dragons 2," with plans for multi-platform releases[49]. - The company is focusing on game development and has actively promoted the R&D and testing of new products such as "Wild Brawler 2" and "Cultivation Era" during the reporting period[82]. - The company is committed to enhancing its governance level and promoting the awareness of responsibilities among directors and supervisors[164]. User Engagement and Community - The registered users of the flagship game "Dream Three Kingdoms 2" exceeded 100 million, with a peak concurrent user count surpassing 540,000[33]. - The company has maintained a strong focus on user needs and market changes, leveraging data analysis for effective marketing strategies[94]. - The company aims to mitigate risks associated with declining player engagement by continuously updating and optimizing existing game versions to maintain player interest[156]. Social Responsibility and Recognition - The company has actively engaged in social responsibility initiatives, including support for rural education and children's welfare, and has been recognized for its ESG practices[86]. - The company has received multiple honors and awards during the reporting period, reflecting its commitment to integrity and excellence in operations[86]. - The company has been recognized as a "National Key Enterprise for Cultural Export" for six consecutive years, emphasizing its commitment to cultural dissemination through esports[83]. Governance and Management - The company emphasizes investor relations management, providing multiple channels for communication and feedback, which has improved investor satisfaction[164]. - The company has established a project management system to ensure effective oversight and resource allocation for game development projects[157]. - The company has appointed independent directors to strengthen governance and oversight, ensuring compliance and ethical standards[169]. - The company is exploring potential mergers and acquisitions to accelerate growth and expand its market footprint[169].