云游控股(00484) - 2021 - 年度财报

Financial Performance - Revenue for 2021 was RMB 142,136,000, a significant increase from RMB 53,560,000 in 2020, representing a growth of 165%[17] - Gross profit for the year was RMB 13,601,000, compared to RMB 12,960,000 in 2020, indicating a slight increase[17] - The profit for the year was RMB 31,581,000, a turnaround from a loss of RMB 38,173,000 in 2020[17] - EBITDA for 2021 was RMB 32,109,000, improving from a negative EBITDA of RMB 32,150,000 in 2020[17] - Adjusted EBITDA for the year was a loss of RMB 13,420,000, compared to a loss of RMB 32,330,000 in 2020, showing improvement[17] - In 2021, the Group recorded revenue of approximately RMB 142.1 million, representing an increase of 165.4% compared to the previous year[24] - The Group achieved a profit of approximately RMB 17.5 million for the year, marking a turnaround from loss to profit[24] Assets and Liabilities - Total assets as of December 31, 2021, amounted to RMB 713.4 million, an increase from RMB 678.2 million in 2020[20] - Total equity increased to RMB 636.7 million in 2021, compared to RMB 612.0 million in 2020[20] - The Group's non-current liabilities decreased to RMB 5.8 million in 2021 from RMB 8.0 million in 2020[20] - Current liabilities rose to RMB 71.0 million in 2021, up from RMB 58.2 million in 2020[20] - As of December 31, 2021, the Company had distributable reserves of approximately RMB 636.6 million, an increase from RMB 612.0 million as of December 31, 2020[51] Business Strategy and Outlook - The company aims to enhance its market presence and explore new product development strategies moving forward[17] - Future outlook includes potential market expansion and strategic acquisitions to drive growth[17] - The Group plans to increase investment in research and development of games and peripheral storage products in 2022[29] - The Group aims to explore opportunities for business upgrading and transformation while stabilizing income sources through diversified development[29] - The ongoing pandemic and international political instability are expected to pose challenges in 2022[29] - The Group will focus on consolidating internal and external resources to cope with market risks[29] Shareholding Structure - As of December 31, 2021, Managecorp Limited holds 29,437,335 ordinary shares, representing approximately 20.06% of the shareholding[98] - Foga Group is a beneficial owner of 21,673,338 ordinary shares, accounting for approximately 14.77% of the shareholding[98] - WANG Dongfeng, as the founder of the discretionary trust, also holds 21,673,338 ordinary shares, which is approximately 14.77% of the shareholding[98] - Foga Holdings owns 7,763,997 ordinary shares, representing about 5.29% of the shareholding[101] - Foga Internet Development has a beneficial ownership of 7,785,700 ordinary shares, equating to approximately 5.31% of the shareholding[101] - KongZhong Corporation holds 10,202,168 ordinary shares, which is approximately 6.95% of the shareholding[101] - The company has a significant shareholding structure, with multiple entities holding 10,202,168 ordinary shares, representing approximately 6.95% of the total shares[103][106]. Corporate Governance - The appointment of Directors is effective for an initial term of three years, renewable for a further term of three years[86] - All Independent Non-executive Directors have confirmed their independence in accordance with the Listing Rules[90] - Mr. WONG Chi Kin is eligible and has offered himself for re-election as Director at the forthcoming Annual General Meeting[87] - As of December 31, 2021, none of the Directors or chief executives had any interests or short positions in the shares of the Company[91] Contractual Arrangements and Legal Compliance - The Company has established Feidong Contractual Arrangements to exercise control over the Feidong PRC Operational Entities and consolidate their financial results[137] - The exclusive business cooperation agreements stipulate that the monthly service fee is equal to 100% of the net income of the Feidong PRC Operational Entities, which may include accumulated earnings from previous financial years[146] - The Feidong PRC Operational Entities hold essential licenses and permits for the Group's webgame and mobile game businesses in China, including the ICP License and Network Cultural Business Permit[184] - The Company has taken actions to mitigate risks associated with the Contractual Arrangements, although uncertainties regarding the interpretation of PRC laws remain[199] - The Company’s PRC legal advisers confirmed that the terms of the Contractual Arrangements do not fall within any voiding circumstances as per Article 52 of the PRC Contract Law[188] - There are substantial uncertainties regarding the enforceability of certain terms in the agreements under Chinese law[193] Related Party Transactions - No related party transactions during the year ended December 31, 2021, constituted a connected transaction that required disclosure[129] - During the year ended December 31, 2021, the Group did not perform any material acquisition or disposal of subsidiaries, associated companies, or joint ventures[121]