网龙(00777) - 2021 - 年度财报

Financial Performance - Total revenue for the year 2021 reached RMB 7,035,496 thousand, representing a year-over-year increase of 14.7% from RMB 6,137,640 thousand in 2020[9] - Gross profit for 2021 was RMB 4,522,566 thousand, with a gross margin of approximately 64.2%, compared to RMB 4,171,264 thousand in 2020[9] - The company reported a net profit of RMB 983,358 thousand for 2021, up 14.9% from RMB 855,820 thousand in 2020[10] - Basic earnings per share for 2021 was RMB 191.67, an increase from RMB 171.19 in 2020[10] - Total revenue for 2021 reached RMB 7,035,500,000, representing a year-on-year growth of 14.6%[16] - The education business revenue surged by 32.2% to RMB 3.2 billion, with operating losses narrowing by 28.4%[22] - The gaming business revenue increased by 6.1% year-on-year, reaching RMB 3.6 billion, with operating profit rising by 7.8% to RMB 2.1 billion[20] Assets and Liabilities - Non-current assets as of December 31, 2021, totaled RMB 3,944,043 thousand, reflecting a growth from RMB 3,869,904 thousand in 2020[10] - Current assets increased to RMB 6,940,793 thousand in 2021, compared to RMB 6,123,311 thousand in 2020[10] - The company’s total liabilities increased to RMB 3,810,227 thousand in 2021, up from RMB 3,343,684 thousand in 2020[10] - As of December 31, 2021, the group's cash and cash equivalents, including restricted bank balances and pledged deposits, amounted to approximately RMB 4,356,100,000, compared to RMB 4,309,100,000 as of December 31, 2020[26] - The net current assets of the group as of December 31, 2021, were approximately RMB 4,386,700,000, an increase from RMB 4,162,600,000 as of December 31, 2020[26] Market Strategy and Growth - The company plans to expand its market presence and invest in new product development to drive future growth[9] - The company aims to enhance its operational efficiency and explore potential mergers and acquisitions to strengthen its market position[9] - The company plans to enhance efforts in blockchain gaming and explore new growth opportunities in 2022[13] - The company plans to provide 94,000 Promethean interactive panels to K-12 schools across Egypt, marking a significant milestone in its collaboration with the Egyptian Ministry of Education[19] - The company is focused on expanding its overseas online education business, leveraging the expertise of its leadership team in the education sector[42] Research and Development - Research and development expenses for 2021 were RMB 1,159,308 thousand, slightly down from RMB 1,175,928 thousand in 2020[9] - Research and development expenses for the gaming segment were RMB (657,547) with a year-on-year increase of 3.7%[17] - The company is developing its first blockchain metaverse game based on its well-known overseas IP, aiming for a closed beta release in the second half of 2022[20] Shareholder Returns - The company announced a three-year share repurchase plan with a maximum buyback amount of USD 300,000,000[15] - The total dividend payout for the year, including a special interim dividend, amounted to HKD 2.23 per share, representing approximately 93.8% of the profit attributable to shareholders[16] - The group has repurchased 16,200,000 shares for a total amount of USD 38,000,000 as part of a three-year buyback plan of up to USD 300,000,000[19] Employee and Talent Management - The total number of employees as of December 31, 2021, was 4,834, with 597 new hires during the year, including 91 senior talents primarily in the gaming and education sectors[37] - The company received the "2021 Best Talent Employer Award" from BOSS Zhipin, highlighting its successful recruitment efforts[37] - The organization is exploring flexible employment models to optimize talent structure and enhance internal management efficiency[37] - The company is implementing a performance management system focused on task-oriented and self-management principles to improve efficiency and effectiveness[38] Corporate Governance - The company has adopted the corporate governance code as per the listing rules and has complied with it for the year ending December 31, 2021[106] - The board of directors consists of five executive directors and four non-executive directors, with a focus on strategic oversight and performance monitoring[132] - The company has established a robust governance structure, ensuring that all directors have timely access to relevant information and independent professional advice when necessary[135] Environmental, Social, and Governance (ESG) - The company is committed to sustainable development and high standards of corporate governance[160] - The company's greenhouse gas emissions for the year 2021 amounted to 9,610 tons of CO2 equivalent, with Scope 1 emissions at 1 ton (<1%), Scope 2 emissions at 288 tons (3%), and Scope 3 emissions at 9,321 tons (97%)[168] - The company aims to reduce energy consumption in offices by 5% compared to previous years through the use of more LED lights and further installation of motion sensors[169] Community Engagement - The company actively participates in community contribution activities, including the adoption of its smart classroom solutions by the Sarawak Education Department in Malaysia[194] - Fujian Huayu donated VR innovative smart laboratory hardware to impoverished counties, enhancing educational resources and receiving recognition from local governments[197] - The 2020 Global Future Education Design Competition was successfully held, aiming to promote inclusive education and sustainable development goals[198]