YOOZOO(002174)2025-04-25 15:15Financial Performance - The company's operating revenue for 2024 was approximately ¥1.43 billion, a decrease of 11.75% compared to ¥1.63 billion in 2023[24]. - The net profit attributable to shareholders for 2024 was approximately -¥386 million, representing a decline of 522.46% from a profit of ¥91 million in 2023[24]. - The net profit excluding non-recurring gains and losses was approximately -¥191 million, down 354.81% from ¥75 million in 2023[24]. - Basic and diluted earnings per share for 2024 were both -¥0.43, a decrease of 530.00% from ¥0.10 in 2023[24]. - The total assets at the end of 2024 were approximately ¥5.96 billion, a slight decrease of 1.01% from ¥6.02 billion at the end of 2023[24]. - The net assets attributable to shareholders decreased by 9.28% to approximately ¥4.19 billion from ¥4.62 billion in 2023[24]. - The weighted average return on equity for 2024 was -8.78%, down 10.78% from 2.00% in 2023[24]. - The total non-recurring losses for 2024 amounted to CNY -195,148,023.27, reflecting significant financial challenges[32]. - The company reported a total revenue of CNY 1.43 billion, a decrease of 11.75% year-on-year, and a net profit attributable to shareholders of -CNY 386 million, down 522.46%[72]. Cash Flow and Investments - Cash flow from operating activities improved to approximately ¥36 million, a significant increase of 115.84% compared to -¥230 million in 2023[24]. - The company reported a net cash flow from operating activities of CNY -47,621,370.06 in the fourth quarter, indicating cash flow difficulties[30]. - Operating cash inflow decreased by 13.39% to $1.66 billion compared to $1.91 billion in 2023[96]. - Operating cash outflow decreased by 24.39% to $1.62 billion compared to $2.14 billion in 2023[96]. - Net cash flow from investing activities decreased by 97.30% to $4.82 million from $178.50 million in 2023[97]. - Net cash flow from financing activities increased by 237.33% to $272.63 million from a negative $198.52 million in 2023[98]. - Cash and cash equivalents increased by 237.55% to $315.35 million from a negative $229.26 million in 2023[98]. - The significant difference between net cash flow from operating activities ($3.6 million) and net profit (-$38.6 million) is mainly due to intangible asset amortization and impairment losses[100]. Market Performance and User Engagement - The total number of new users for the classic card mobile game "少年三国志" exceeded 2.8 million, with active users nearing 5 million during the reporting period[36]. - The game "战火与永恒" achieved a revenue increase of 29% year-on-year, demonstrating strong performance despite market challenges[36]. - The mobile game "Scarlet Echo" launched in South Korea, ranking first on the App Store free chart on its first day and maintaining a top 4 position in its first week[62]. - The game "Infinity Kingdom" achieved a year-on-year revenue increase of 29% due to innovative gameplay and localization strategies, reaching the top 10 in the App Store in 37 countries[59]. - The actual sales revenue of China's game market reached 325.783 billion yuan, a year-on-year increase of 7.53%[40]. - The number of game users in China reached 674 million, marking a year-on-year growth of 0.94%[40]. Research and Development - The company is actively exploring AI technology applications in content production and operational efficiency, collaborating with various partners[39]. - Research and development expenses totaled approximately ¥178.3 million, a decrease of 26.33% compared to the previous year[91]. - R&D investment amounted to approximately ¥332.2 million, representing 23.16% of total revenue, down from 26.87% the previous year[93]. - The company plans to enhance its research and development capabilities and embrace AI technology to improve production efficiency and game development[143]. Corporate Governance and Management - The company maintains a strong governance structure, ensuring compliance with relevant laws and regulations, and enhancing information disclosure quality[155]. - The company held 12 board meetings during the reporting period, with all directors attending and fulfilling their duties diligently[157]. - The board of directors consists of 9 members, including 3 independent directors, complying with legal and regulatory requirements[157]. - The company has a diverse board with members aged between 31 and 51, ensuring a mix of experience and fresh perspectives[170]. - The company has undergone a board restructuring, with the seventh board of directors being elected during the reporting period[186]. - The company is committed to maintaining strong corporate governance through regular board elections and management changes[172][174]. Strategic Initiatives and Future Plans - The company plans not to distribute cash dividends or issue bonus shares[6]. - The company is focusing on light and innovative game projects to adapt to market changes and enhance its global distribution capabilities[73]. - The company aims to integrate traditional Chinese culture into its games to enhance cultural exchange with global players[143]. - The company is actively participating in industry alliances to promote digital technology innovation and support digital transformation[147]. - The company plans to focus on enhancing liquidity through the reallocation of previously raised funds[125].