PWRD(SZ:002624)2021-04-26 16:00Financial Performance - The company's operating revenue for 2020 was approximately ¥10.22 billion, representing a 27.19% increase compared to ¥8.04 billion in 2019[10]. - The net profit attributable to shareholders for 2020 was approximately ¥1.55 billion, showing a 3.04% increase from ¥1.50 billion in 2019[10]. - The net cash flow from operating activities reached approximately ¥3.69 billion, marking an 82.49% increase from ¥2.02 billion in 2019[10]. - The basic earnings per share for 2020 was ¥0.80, a 3.90% increase compared to ¥0.77 in 2019[10]. - The total revenue for the year 2020 was approximately CNY 10.22 billion, representing a year-on-year increase of 37.34% in operating cash inflow[44]. - The company's total revenue for 2020 reached ¥10,224,767,171.31, representing a year-on-year increase of 27.19% compared to ¥8,039,021,278.77 in 2019[34]. - Game revenue accounted for ¥9,262,073,398.12, which is 90.58% of total revenue, showing a significant year-on-year growth of 35.00% from ¥6,860,748,471.91[34]. - The mobile gaming segment generated ¥6,094,396,220.00, representing 59.60% of total revenue, with a remarkable year-on-year increase of 57.05%[34]. - The company achieved a net profit margin of 15%, with net income reaching 225 million RMB, up from 200 million RMB in the previous year[102]. - The company reported a significant increase in revenue, achieving a total of 1.5 billion in 2020, representing a year-over-year growth of 20%[98]. Assets and Liabilities - The total assets at the end of 2020 were approximately ¥15.51 billion, a decrease of 6.75% from ¥16.63 billion at the end of 2019[12]. - The net assets attributable to shareholders increased to approximately ¥10.84 billion, reflecting a 13.88% rise from ¥9.51 billion in 2019[12]. - The company's cash and cash equivalents at the end of 2020 were 2,943,191,692.01 yuan, which is 18.98% of total assets, an increase from 15.19% at the beginning of the year[49]. - Accounts receivable decreased to 1,299,282,930.20 yuan, accounting for 8.38% of total assets, down from 12.55% at the beginning of the year[49]. - Long-term equity investments increased to 2,768,075,269.69 yuan, representing 17.85% of total assets, up from 11.51% at the beginning of the year[49]. Dividends and Shareholder Returns - The company plans to distribute a cash dividend of ¥1.6 per 10 shares to all shareholders[2]. - The cash dividend amount for 2020 was ¥308,427,736.64, representing 19.92% of the net profit attributable to ordinary shareholders, which was ¥1,548,503,372.09[93]. - In 2019, the cash dividend amount was ¥310,249,785.60, accounting for 20.64% of the net profit of ¥1,502,796,662.19, with an additional ¥148,977,755.44 distributed through share repurchases, totaling ¥459,227,541.04 or 30.56% of net profit[93]. - The total distributable profit for the company as of December 31, 2020, was ¥762,864,914.64, with the cash dividend amount accounting for 100% of the profit distribution[94]. Market and Product Development - The gaming segment generated revenue of ¥926,207.34 million, with a year-on-year increase of 35.00%, and net profit of ¥228,543.80 million, up 20.43%[29]. - The company is actively developing new games, with several titles like "War God Relics" and "Dream New Zhu Xian" set for release in 2021, aiming to enhance long-term growth[30]. - The company has launched a cloud gaming version of "New God Demon Continent," highlighting its first-mover advantage in the cloud gaming sector[29]. - The company is expanding its esports initiatives, organizing online competitions during the pandemic to accelerate digital integration in the esports industry[27]. - The film and television segment is focusing on high-quality content and has seen an increase in overseas market presence, reflecting the growing international appeal of Chinese productions[24]. Strategic Partnerships and Collaborations - The company has established a strategic partnership with Valve Corporation to jointly develop the Steam platform in China, enhancing its position in the gaming industry[19]. - The company has established a strategic partnership with Huawei to explore deeper integration of the ERA engine with HarmonyOS in the gaming sector[31]. - The company is actively pursuing cloud gaming development, collaborating with major telecom operators and hardware manufacturers to expand its market presence[32]. Research and Development - The company’s R&D investment amounted to CNY 1.78 billion, accounting for 17.44% of total revenue, a decrease from 22.37% in the previous year[43]. - The self-developed ERA engine improved game performance by 22%, frame stability by 21%, and game duration by 11%, enhancing user experience[31]. - The company is investing heavily in R&D, with a budget increase of 30% in 2021, targeting advancements in gaming technology and user experience[169]. Risk Management and Compliance - The company has identified key risks and corresponding mitigation strategies for future development[2]. - The company is committed to complying with industry regulations and adapting to policy changes to mitigate operational risks[84]. - The company has implemented a risk control system to safeguard the rights of minority investors[186]. Employee and Management Practices - The company is committed to a "people-oriented" talent strategy, fostering a culture that supports employee development and satisfaction[26]. - The company has established a diverse talent system through "internal training + external recruitment" to mitigate talent loss risks amid industry competition[87]. - The company has a competitive salary policy and implements a fair performance evaluation mechanism for employees[177]. - The total number of employees in the company is 5,665, with 49 in the parent company and 5,616 in major subsidiaries[176]. Corporate Governance - The company has maintained independent operations in personnel, assets, finance, and business, ensuring no interference from the controlling shareholder[187]. - The audit opinion for the financial statements was a standard unqualified opinion, indicating fair representation of the company's financial status as of December 31, 2020[198]. - The company emphasizes transparent information disclosure, utilizing multiple media for investor communication[185]. Future Outlook - The company provided a positive outlook for 2021, projecting a revenue growth of 25% driven by new product launches and market expansion strategies[100]. - Future guidance indicates a revenue target of 1.8 billion RMB for 2021, reflecting a growth rate of 20%[102]. - The company plans to expand its market presence in Southeast Asia, targeting a 30% increase in market share within the next two years[100].