掌趣科技(300315) - 2024 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2024 was ¥818,734,236.76, a decrease of 16.61% compared to ¥981,768,022.71 in 2023[17]. - The net profit attributable to shareholders for 2024 was ¥110,891,006.55, down 40.68% from ¥186,928,517.38 in 2023[17]. - The net profit after deducting non-recurring gains and losses was ¥70,713,363.97, a decline of 44.82% from ¥128,147,901.62 in 2023[17]. - The company's revenue for the reporting period was 819 million, representing a year-on-year decline of 16.61% due to the impact of game product development and testing schedules[36]. - The net profit attributable to shareholders was 111 million, down 40.68% compared to the previous year, primarily due to revenue decline and asset impairment provisions[36]. - The company's total revenue for the current period is ¥818,734,236.76, representing a decrease of 16.61% compared to ¥981,768,022.71 in the same period last year[44]. - Revenue from mobile games is ¥759,981,634.38, accounting for 92.83% of total revenue, down 17.24% from ¥918,339,431.20[46]. - The company's total revenue for the information services sector was ¥818,734,236.76, with a year-on-year decrease of 16.61%[57]. Cash Flow and Assets - The net cash flow from operating activities increased by 69.92% to ¥92,232,538.75, compared to ¥54,280,270.61 in 2023[17]. - The total assets at the end of 2024 were ¥5,317,726,590.27, reflecting a 1.64% increase from ¥5,231,690,411.99 at the end of 2023[17]. - The net cash flow from investment activities improved by 91.98%, resulting in a net outflow of ¥163,946,069.23, primarily due to the recovery of principal and earnings from previous fixed-term deposits[44]. - The company reported a significant increase in net cash and cash equivalents, with a net decrease of ¥144,936,681.54, a 92.96% improvement compared to the previous year[44]. - Cash flow from operating activities increased by 69.92% to ¥92,232,538.75, mainly due to reduced employee compensation and promotional expenses[44]. Market and User Metrics - The number of game users in China reached 674 million in 2024, with a year-on-year growth of 0.94%[26]. - The actual sales revenue of the Chinese game market was 325.783 billion, reflecting a year-on-year increase of 7.53%[26]. - The overseas market for self-developed games generated actual sales revenue of 18.557 billion USD, marking a year-on-year growth of 13.39%[28]. - The domestic mini-program game market revenue reached 39.836 billion, with a remarkable year-on-year growth of 99.18%[26]. - The company operates a total of 20 games as of the end of the reporting period, focusing on both domestic and international markets[36]. Research and Development - Research and development expenses amounted to ¥262,420,972.76, a decrease of 6.05% year-on-year, attributed to a reduction in the number of R&D personnel[44]. - The R&D investment as a percentage of operating revenue increased to 32.05% from 28.45% in the previous year[66]. - The number of R&D personnel decreased by 4.79% to 477, with a notable decrease in master's degree holders by 18.92%[66]. - The company is actively exploring AI technology applications to enhance game development efficiency and innovation[37]. Governance and Management - The company adjusted its board members from 9 to 7, consisting of 4 non-independent directors and 3 independent directors[105]. - The company has established a performance evaluation and incentive mechanism for its directors and senior management, ensuring compliance with legal regulations[108]. - The company maintains independence from its major shareholder, ensuring autonomous operations in business, personnel, assets, and finance[114]. - The company has implemented a strict information disclosure management system to ensure transparency and timely communication with investors[110]. - The company has established a market value management system to enhance investor relations and protect shareholder interests[100]. Shareholder and Dividend Policy - The company plans not to distribute cash dividends, issue bonus shares, or increase capital from reserves for the fiscal year 2024[151]. - The company reported a negative distributable profit of -2,982,162,843.59 yuan, which disqualifies it from issuing cash dividends for the year[149]. - The company has a cash dividend policy that requires a minimum of 30% of the average distributable profit over the last three years to be distributed in cash if conditions are not met[144]. - The company has implemented a stock incentive plan, granting 25,714,500 restricted shares to 14 eligible participants[151]. Social Responsibility - The company actively engaged in social responsibility initiatives, including the "Dream Project" for rural youth mental health education and the "Future Direction" scholarship program[163]. - In 2024, the company facilitated 4,035 donations through its digital platform, accumulating over RMB 6.15 million in charitable contributions[166]. - The company received multiple honors in 2024, including "Outstanding Brand Case of Chinese Listed Companies" and "Annual Public Welfare Communication Pioneer Case"[163]. Legal and Compliance - The company has not experienced any penalties or rectification situations during the reporting period, reflecting compliance with regulatory requirements[179]. - There are no significant lawsuits or arbitration matters reported during the reporting period, indicating a stable legal environment for the company[177]. - The company has confirmed daily operational related party transactions for 2023 and has projected an increase in related party transaction limits for 2024, particularly with Webzen Inc. and Beijing Ningqu Technology Co., Ltd.[185].