YAOJI TECHNOLOGY(002605)2023-04-19 16:00Dividend Distribution - The company plans to distribute a cash dividend of 2.5 yuan per 10 shares to all shareholders, based on a total of 410,544,390 shares[5]. - The company reported a cash dividend of 102,636,097.50 CNY, which represents 100% of the total profit distribution amount[155]. - The company has a cash dividend policy that requires a minimum of 40% of profit distribution to be allocated to cash dividends during the mature stage of development[155]. - The company plans to distribute a cash dividend of RMB 2.5 per 10 shares, totaling RMB 102,636,097.50, which represents 29.45% of the net profit attributable to shareholders for the reporting period[156]. Financial Performance - The company reported a total revenue of 1.2 billion RMB for the year 2022, representing a year-over-year increase of 15% compared to 2021[20]. - The company’s operating revenue for 2022 was CNY 3,914,846,700, representing a 2.83% increase compared to CNY 3,807,248,670 in 2021[27]. - The company reported a significant increase in revenue, achieving a total of 1.2 billion yuan, representing a 25% year-over-year growth[137]. - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 20%[137]. - The company reported a net profit attributable to shareholders decreased by 39.27% to CNY 348,558,747 in 2022 from CNY 573,685,416 in 2021[27]. - The net profit attributable to shareholders was CNY 348.56 million, with a total profit of CNY 433.81 million[57]. User Engagement and Market Expansion - User data showed an increase in active users by 25% year-over-year, reaching 5 million active users by the end of 2022[20]. - The company is exploring potential acquisitions in the gaming sector to enhance its product offerings and market share[20]. - The company is expanding its market presence, targeting an increase in market share by 10% in the next year[137]. - New product launches included a premium line of playing cards, which contributed to a 30% increase in sales in Q4 2022[20]. Research and Development - The company invested 100 million RMB in R&D for new technologies related to digital gaming and online platforms[20]. - Research and development investments have increased by 30%, focusing on advanced semiconductor technologies[137]. - The company is committed to enhancing its game and technology R&D to maintain competitive advantages and respond to market demands effectively[103]. Risk Management - The company has detailed potential risks and corresponding countermeasures in the "Management Discussion and Analysis" section of the report[4]. - The company faces regulatory risks in the mobile gaming sector, with potential increases in approval thresholds for game releases, which could adversely affect operations if not complied with[102]. - The company has implemented measures to mitigate risks associated with reliance on a single supplier for poker production materials, ensuring a stable supply chain[106]. - Credit risk management involves a comprehensive strategy including client background checks and ongoing monitoring of receivables to mitigate potential losses[109]. Governance and Compliance - The board of directors has ensured that all members were present or represented during the approval of the annual report, reinforcing governance practices[4]. - The company has a complete governance structure that complies with the requirements of the Company Law and the Securities Law, ensuring the protection of shareholders' rights[121]. - The company has established an internal audit system to supervise financial reporting and internal controls, ensuring asset safety and integrity[120]. - The company has implemented an investor relations management system to maintain stable communication with investors and ensure fair information disclosure[119]. Social Responsibility and Sustainability - The annual report outlines the company's commitment to social responsibility and environmental sustainability[5]. - The company donated RMB 2 million to support the construction of a rescue station in Chaoyang District, Shantou City, as part of its social responsibility efforts[171]. - The company also donated RMB 350,000 to the Shanghai Yaoji Charity Foundation to assist underprivileged families[171]. - The company emphasized environmental protection and energy conservation as part of its sustainable development strategy[169]. Operational Efficiency - The gross profit margin improved to 45%, up from 40% in the previous year, due to cost optimization measures[20]. - The company has implemented new strategies to improve operational efficiency, aiming for a 15% reduction in costs[137]. - The company has established multiple game studios, including "Peach Studio," "Plum Studio," and "Block Studio," to develop high-quality mobile games and improve operational efficiency through a comprehensive advertising system[100]. Subsidiaries and Acquisitions - The company has undergone changes in its subsidiary structure, including the transfer of certain holdings during the reporting period[17]. - The company established four new subsidiaries during the reporting period, expanding its operational scope[66]. - The company acquired a 30% stake in Shanghai Xiting Cultural Media Co., Ltd., increasing its total ownership to 70%[66]. Employee Management - The company has a performance-based compensation system that aligns employee salaries with the company's operational performance[152]. - The company emphasizes employee training and development to enhance team capabilities and achieve business goals[153]. - The total number of employees at the end of the reporting period was 1,904, with 50 in the parent company and 1,854 in major subsidiaries[150]. Financial Reporting and Audit - The report includes a detailed financial statement that has been audited by a registered accounting firm[10]. - The internal control audit report was issued with a standard unqualified opinion[167]. - The company maintained effective financial reporting internal controls as of December 31, 2022, according to the internal control audit report[167].