G-bits(SH:603444)2022-04-07 16:00Financial Performance - The company plans to distribute a cash dividend of 160.00 RMB per 10 shares, totaling an estimated 1.15 billion RMB, which represents 78.30% of the net profit attributable to shareholders for 2021[7]. - Since its IPO in January 2017, the company has cumulatively distributed cash dividends amounting to 3.57 billion RMB, which is 3.97 times the net proceeds from the IPO[7]. - In 2021, the company achieved operating revenue of CNY 4.62 billion, a year-on-year increase of 68.44%[37]. - The net profit attributable to shareholders was CNY 1.47 billion, reflecting a year-on-year growth of 40.34%[37]. - The net cash flow from operating activities reached CNY 2.42 billion, up 57.75% compared to the previous year[37]. - The total assets at the end of 2021 amounted to CNY 7.10 billion, a 31.84% increase from the end of 2020[37]. - Basic earnings per share for 2021 reached CNY 20.43, a 40.12% increase compared to CNY 14.58 in 2020[42]. - The weighted average return on equity rose to 35.97%, an increase of 4.94 percentage points from 31.03% in 2020[42]. Audit and Compliance - The company has received a standard unqualified audit report from KPMG Huazhen[6]. - There are no non-operating fund occupations by controlling shareholders or related parties[9]. - The company has not violated decision-making procedures for providing guarantees[11]. - The board of directors and supervisory board members have confirmed the authenticity, accuracy, and completeness of the annual report[4]. - The company has not reported any instances of more than half of the directors being unable to guarantee the authenticity of the annual report[11]. - The company has not disclosed any plans for capital reserve transfers to increase share capital or other forms of profit distribution[7]. Market and Growth Strategy - Future outlook suggests an anticipated revenue increase of 30% for the upcoming year, driven by new product launches and market expansion strategies[22]. - Market expansion efforts include targeting Southeast Asian markets, with plans to establish local partnerships by Q3 2024[22]. - The company is exploring potential acquisitions to bolster its portfolio, particularly in the gaming sector, with a budget allocation of 200 million RMB for this initiative[22]. - The company aims to enhance its brand presence through targeted marketing campaigns, with a projected budget increase of 15% for marketing expenditures[22]. - The company plans to continue investing in research and development for new products, impacting short-term financial profits[41]. User Engagement and Product Development - User data shows a 40% increase in active users, indicating strong market demand and engagement with the company's offerings[22]. - The introduction of new gaming titles is expected to contribute an additional 100 million RMB in revenue over the next fiscal year[22]. - The company launched new self-developed games, including "Yin Nian Xian Yao," contributing significantly to revenue growth[38]. - The company has successfully operated several games on its platform, including "Mole Manor," which launched in June 2021 and achieved significant user growth through effective marketing[60]. - The company emphasizes community engagement through platforms like Bilibili and WeChat, actively incorporating player feedback into game development[76]. Research and Development - The company has maintained a strong R&D investment, with expenses of 332 million, 431 million, and 609 million CNY in 2019, 2020, and 2021 respectively, accounting for 15.31%, 15.70%, and 13.18% of revenue[158]. - The company has a dedicated R&D team of 530 members, representing 56.08% of total employees[158]. - The company adopts a "small steps, fast runs" R&D strategy to enhance innovation and product competitiveness while controlling development costs[162]. - The technology center focuses on general and cutting-edge technologies, optimizing performance and supporting various projects to reduce development time and costs[172]. Industry Position and Recognition - The company has been recognized as a "Top 30 National Cultural Enterprises" for two consecutive years from 2020 to 2021[146]. - The company has been included in various indices such as the CSI 500 Index and MSCI China Index, reflecting its strong market position[146]. - The company has received multiple awards, including being named one of the "Top 50 Cultural and Tourism Enterprises" in China in 2020[150]. User Experience and Feedback - The company emphasizes the importance of user experience and has established multiple communication channels to better understand player needs[182]. - The company organizes annual player competitions and events to enhance player engagement and gather feedback for game improvements[182]. - The company has a strong user behavior analysis system that continuously tracks and optimizes game design based on player data[198].