巨人网络(002558) - 2021 Q4 - 年度财报

Financial Performance - The company reported a significant increase in revenue for 2021, with total revenue reaching approximately 1.5 billion RMB, representing a year-over-year growth of 20%[95]. - The company's operating revenue for 2021 was ¥2,124,268,636.73, a decrease of 4.20% compared to ¥2,217,294,341.42 in 2020[13]. - The net profit attributable to shareholders for 2021 was ¥994,509,684.67, down 3.35% from ¥1,029,007,579.40 in 2020[13]. - The net profit attributable to shareholders after deducting non-recurring gains and losses increased by 15.75% to ¥1,054,722,902.38 in 2021 from ¥911,176,757.56 in 2020[13]. - The company reported a net profit margin of 30% for 2021, maintaining strong profitability despite increased competition[95]. - The total comprehensive income for 2021 was approximately ¥908.02 million, significantly higher than ¥383.29 million in 2020[197]. - The company reported a total of ¥662,387,549 in trading financial assets, with a fair value change loss of ¥124,025,042 during the reporting period[53]. Cash Flow and Investments - The net cash flow from operating activities decreased by 33.78% to ¥637,938,977.44 in 2021 from ¥963,316,008.45 in 2020[13]. - The company's cash and cash equivalents decreased by 7.86% to ¥2,454,062,307.09, attributed to dividend distributions, investment expenditures, and share buybacks[51]. - The total investment amount for the reporting period was ¥8,366,548,680.39, representing a 32.98% increase compared to ¥6,291,371,196.47 in the previous year[55]. - The company reported investment income of ¥618,070,175.94, accounting for 60.05% of total profit, primarily from long-term equity investments and stock gains[49]. - The company has not engaged in derivative investments during the reporting period[60]. Shareholder and Dividend Information - The company plans to distribute a cash dividend of 1.60 RMB per 10 shares (including tax) to all shareholders[2]. - The company distributed a cash dividend of RMB 1.60 per 10 shares, totaling RMB 312,426,957.57, based on a total share capital of 2,024,379,932 shares minus 69,312,261 repurchased shares[121]. - The company plans to repurchase shares with a total amount not less than RMB 450 million and not exceeding RMB 600 million, with a maximum share price of RMB 25 per share[175]. Business Operations and Strategy - The company reported no changes in its main business operations during the reporting period[10]. - The company has maintained its major shareholders without any changes during the reporting period[10]. - The company emphasizes the importance of risk management and has outlined key risks and countermeasures in its report[2]. - The company is committed to ensuring the accuracy and completeness of its financial reports, as stated by its management[2]. - The company has implemented management reforms, enhancing project management capabilities and accelerating the R&D process through a centralized approach[29]. - The company is focusing on global expansion, with the game "Super Sus" marking its first step into overseas markets[78]. Market and Industry Insights - The gaming industry in China saw a total sales revenue of ¥296.51 billion in 2021, with a year-on-year growth of 6.40%[21]. - The overseas market for self-developed games from China achieved a sales revenue of $18.01 billion in 2021, marking a 16.59% increase[21]. - The gaming market's user base in China reached 666 million, showing a minimal growth of 0.22% year-on-year, suggesting market saturation[21]. Research and Development - The company is investing heavily in R&D, with a budget allocation of 200 million RMB for new technology development in the gaming sector[95]. - Research and development expenses totaled CNY 713,356,232.08, a decrease of 1.06% year-over-year[46]. - R&D personnel decreased by 16.20% from 1,191 in 2020 to 998 in 2021, with the proportion of R&D personnel remaining stable at around 70%[47]. Corporate Governance and Compliance - The company emphasizes strict adherence to corporate governance standards, ensuring the protection of minority shareholders' rights[86]. - The company maintains complete independence from its controlling shareholder in terms of operations, personnel, assets, and finances[89]. - The company has established a robust performance evaluation mechanism linking the compensation of senior and middle management to operational performance indicators[87]. - The company has committed to enhancing transparency and investor relations management to protect the interests of minority investors[88]. Employee and Talent Management - The company has emphasized talent development by promoting young leaders and implementing a mentorship program for new recruits[29]. - The total remuneration for directors, supervisors, and senior management amounted to CNY 25.46 million in 2021[107]. - The company has a comprehensive talent development system, including training plans for new and existing employees[120]. Risks and Challenges - The company faces risks from industry policy changes, market competition, and potential core talent loss[80][81]. - The company emphasizes compliance with regulations, particularly regarding underage protection and anti-addiction measures[79]. Miscellaneous - The company has not encountered any major litigation or arbitration matters during the reporting period[144]. - The company has not reported any violations of external guarantees during the reporting period[142]. - The company has not made any changes to accounting policies or estimates compared to the previous year's financial report[142].