心动公司(02400) - 2021 - 年度财报

Product Development and Launches - In 2021, the company launched 5 products for TapTap's bonfire testing, including "Flash Party" and "T3 Arena," which maintained continuous updates for a year, accumulating loyal fans and KOLs[9] - The company hosted a TapTap launch event showcasing multiple self-developed games, marking a significant milestone after years of development[10] - TapTap plans to launch multiple self-developed games overseas this year, including "Flash Party" and "T3 Arena," focusing on user scale and retention initially[13] - The company has a robust pipeline with 13 new game projects under development, aiming for gradual online launches in the coming years[17] - The company aims to explore more business models and types of premium games to better support developers and serve players[11] Financial Performance - As of December 31, 2021, the company reported total revenue of RMB 2,703.2 million, a decrease of 5.1% from RMB 2,847.6 million in 2020[28] - Game revenue decreased by 13.8% to RMB 2,010.8 million, with online game revenue down 17.0% to RMB 1,784.0 million, primarily due to declining income from mature games[30] - Paid game revenue increased by 42.0% to RMB 204.0 million, driven by strong performances from titles like "Muse Dash" and "Terraria Mobile" launched in 2021[30] - Information services revenue grew by 34.3% to RMB 692.4 million, attributed to increased user engagement on TapTap and improved advertising system efficiency[33] - The company recorded a net loss of RMB 917.3 million for the year ended December 31, 2021, compared to a net profit of RMB 55.8 million in the same period of 2020[45] User Engagement and Growth - TapTap achieved nearly 600 million game downloads in 2021, representing a year-on-year increase of 42.1%, despite a 5-month halt in new game approvals in China[11] - TapTap's average monthly active users in China reached 31.6 million, a year-on-year increase of 22.8%, with game downloads totaling 579.4 million, up 42.1%[23] - TapTap's international version achieved a monthly active user count in the tens of millions, laying a solid foundation for future overseas expansion[17] - The average monthly active users (MAU) for online games decreased by 33.7% year-on-year, while the average monthly paying users (MPU) increased by 6.5%[19] - The company reported that the increase in downloads was not solely from competition with other platforms but also from providing a platform for independent games and small developers[11] Corporate Governance - The company is committed to high standards of corporate governance to protect shareholder interests and enhance corporate value[65] - The board consists of three executive directors, one non-executive director, and three independent non-executive directors, ensuring strong independence[69] - The company has confirmed the independence of all independent non-executive directors in accordance with listing rules[72] - The company has established four committees: Audit Committee, Remuneration and Assessment Committee, Strategic Development Committee, and Nomination Committee, each with specific responsibilities[83] - The board is committed to reviewing its diversity policy annually to ensure its effectiveness[76] Research and Development - The company plans to focus R&D investments on globally suitable game products and aims to achieve breakeven by 2023 using its own funds[7] - Research and development expenses increased by 88.9% year-on-year to RMB 1,242.2 million, attributed to a rise in the number of R&D personnel and enhanced employee benefits[42] - The company has 13 games in development, with five undergoing "campfire testing" and plans for more games to launch in 2022[20] - TapTap developer services were opened to third-party developers, providing features like real-time voice and cloud saves, serving over 100 games[26] - The company emphasizes the importance of diverse game offerings, responding to the growing demand for premium games among players[11] Employee Welfare and Development - The company provided training opportunities for employees, with a training participation rate of 42.2% for male employees and 26.7% for female employees, averaging 5.2 and 5.6 hours of training respectively[170] - The company has a structured promotion pathway, allowing employees to explore career directions and providing opportunities for advancement in both professional and management tracks[183] - The company has established a psychological health assistance program (EAP) to support employees and their families[194] - The company conducts annual integrity education training for all employees and directors to enhance awareness of anti-corruption practices[149] - The company has implemented ergonomic office furniture and wellness activities to address potential health issues from prolonged desk work[196] Environmental, Social, and Governance (ESG) Initiatives - The company is committed to addressing important ESG matters and has developed strategies and policies to ensure compliance with legal and regulatory requirements[89] - The ESG report covers the company's main business areas, including game development, operation, publishing, and community services[127] - The company has identified 14 key ESG issues through stakeholder engagement and materiality assessment[136] - The company has implemented a robust information security management system, achieving national information security level protection certification (Level 3)[139] - The company aims to reduce resource consumption by 5% annually per capita for electricity and water, in line with its sustainability goals[198] Financial Management and Risks - The company has adopted financial risk management policies to control financial risks, including tax and currency risks[112] - The company has established a risk management and internal control management system covering various business processes, including procurement, sales, and financial reporting[109] - The company has a framework for regular risk assessments to ensure effective operation of risk management and internal control[109] - The company has established a comprehensive communication strategy with shareholders, including annual meetings, reports, and a dedicated investor relations email[123] - The company has implemented internal procedures to manage compliance risks and ensure adherence to local laws and regulations[113]