YOOZOO(SZ:002174)2020-04-29 16:00Financial Performance - The company's operating revenue for 2019 was ¥3,220,501,920.91, a decrease of 10.07% compared to ¥3,581,253,925.15 in 2018[25] - The net profit attributable to shareholders for 2019 was ¥256,538,127.80, down 74.58% from ¥1,009,116,882.41 in 2018[25] - The basic earnings per share for 2019 was ¥0.30, a decrease of 73.91% from ¥1.15 in 2018[25] - The company reported a net profit excluding non-recurring gains and losses of -¥169,969,938.17 in 2019, a decline of 123.07% from ¥736,716,882.60 in 2018[25] - The weighted average return on equity for 2019 was 5.49%, down from 23.62% in 2018, a decrease of 18.13%[25] - The company achieved operating revenue of 3.22 billion RMB, a year-on-year decrease of 10.07%[62] - Net profit attributable to shareholders was 257 million RMB, down 74.58% year-on-year[62] Cash Flow and Assets - The net cash flow from operating activities increased by 101.38% to ¥550,437,311.76 in 2019, compared to ¥273,338,494.93 in 2018[25] - Total assets at the end of 2019 were ¥8,926,314,621.39, an increase of 21.74% from ¥7,332,575,255.04 at the end of 2018[25] - The net cash flow from operating activities in Q4 2019 was approximately 387.82 million RMB, indicating strong cash generation capabilities[31] - The net cash flow from investment activities decreased by 101.65% due to increased equity investments during the reporting period[98] - The total investment amount for the reporting period was ¥489,151,728.15, a decrease of 2.62% compared to ¥502,287,920.58 in the previous year[113] Revenue Breakdown - Revenue from software and information technology services was ¥3,206,368,193.54, accounting for 99.56% of total revenue, down 9.99% year-over-year[68] - Mobile games generated ¥2,252,215,285.82, representing 69.93% of total revenue, with a decline of 12.29% from the previous year[68] - Domestic revenue decreased by 31.48% to ¥1,190,423,141.68, while overseas revenue increased by 10.10% to ¥2,030,078,779.23, now accounting for 63.04% of total revenue[68] Game Development and Market Position - The company reported a total of 50 online games in operation by the end of 2019, including various genres such as card games and SLG[46] - The self-developed mobile game "Game of Thrones: Winter is Coming" surpassed 15 million pre-registrations before launch and received multiple official recommendations[62] - The card game "少年三国志2" registered nearly 10 million users within two months of launch, with a peak monthly revenue exceeding 300 million RMB[62] - The company plans to launch several new games in 2020, including "New Tomb Raider" and "Infinity Kingdom," which are expected to enhance market presence[91][92] Investment and R&D - R&D investment increased by 6.71% to ¥527,300,409.87 in 2019, accounting for 16.37% of operating revenue, up from 13.80% in 2018[93] - The number of R&D personnel decreased by 9.58% to 1,350, representing 73.13% of the total workforce[93] - Capitalized R&D expenses rose by 67.15% to ¥208,271,934.44, representing 39.50% of total R&D investment[93] Dividend and Shareholder Returns - The company plans to distribute a cash dividend of ¥0.88 per 10 shares, based on a total of 879,945,480 shares[7] - The total amount of cash dividends distributed by the company in 2019 was ¥77,435,202.24, which accounts for 30.18% of the net profit attributable to ordinary shareholders[160] - The cash dividend distribution plan for 2019 was approved by the board on April 29, 2020, with a commitment to maintain a cash dividend ratio of no less than 30% of the net profit attributable to the parent company[162] Strategic Partnerships and Future Plans - The company signed a cooperation framework agreement with Huawei in November 2019 to jointly explore the cloud gaming market[42] - The company is actively expanding into cloud gaming, AI, and esports, enhancing its technical cooperation with Huawei to improve cloud computing capabilities and develop a standardized cloud gaming system[141] Compliance and Governance - The company reported a commitment to ensure the authenticity, accuracy, and completeness of financial data, with a permanent obligation to comply strictly with these commitments[178] - The company has committed to strict compliance with the incentive plan, ensuring that all benefits obtained from the equity incentive plan will be returned to the company if false information is disclosed[193] - The company has established a permanent commitment to ensure the authenticity and accuracy of its financial reporting, with legal responsibilities for any omissions or misleading statements[178]