Rastar(SZ:300043)2021-04-26 16:00Shareholder Information - As of April 20, 2021, the total number of shareholders reached 51,985, including 718 institutional investors[4]. Financial Performance - In 2020, the company's overall net profit decreased year-on-year due to the pandemic, with significant declines in ticket revenue and toy business[4]. - The company's operating revenue for 2020 was approximately RMB 1.74 billion, a decrease of 32.82% compared to RMB 2.59 billion in 2019[29]. - The net profit attributable to shareholders for 2020 was RMB 26 million, down 89.94% from RMB 258 million in 2019[29]. - The basic earnings per share for 2020 was RMB 0.02, a decrease of 90.48% compared to RMB 0.21 in 2019[29]. - The company's total revenue decreased by 32.82% year-on-year, while R&D investment increased by 10.92%[110]. - The company reported a net profit of -41.17 million yuan for the year 2020, with a net profit margin of 32.71% for the Spanish club[61]. Cash Flow and Debt Management - The operating cash flow net amount for the year reached 650 million RMB, supporting the continuous reduction of interest-bearing debt[4]. - The overall debt ratio decreased to 45% by the end of 2020, indicating an optimized financial structure[4]. - The company's total interest-bearing debt decreased from 2.04 billion yuan at the end of the previous year to 1.709 billion yuan, with the debt-to-asset ratio dropping from 48.65% to 45.17%[77]. - The net cash flow from operating activities was RMB 651 million, representing a decline of 20.54% from RMB 820 million in 2019[29]. Business Segments Performance - The gaming business achieved a net profit of over 160 million RMB in 2020, representing a nearly 30% year-on-year growth, with overseas revenue accounting for over 50%[5]. - The football club business reported a revenue of 698 million yuan, down 42.42% year-on-year, with net profit dropping 93.54% to 14.5 million yuan, impacted by COVID-19 and relegation factors[43]. - The toy business achieved a revenue of 293 million yuan, a decrease of 34.86% year-on-year, with net profit falling 56.01% to 6.86 million yuan due to the pandemic[45]. Product Development and Innovation - New game releases included titles such as "Three Kingdoms Heroes: The Overlord's Business" and "The Era of Cang," enhancing the product portfolio[5]. - The toy segment launched new products including Pagani series building blocks and children's bicycles under BMW and Land Rover brands[6]. - The company plans to launch new products in 2021, including a children's scooter and various outdoor riding toys, to expand its product categories[84]. - The company applied for 13 patents in the toy sector during the reporting period, including 9 utility model patents and 4 design patents, bringing the total to 240 patents[84]. Market Trends and Industry Insights - The gaming market in China saw actual sales revenue of 278.69 billion yuan in 2020, a year-on-year growth of 20.71%, with mobile gaming revenue reaching 209.68 billion yuan, up 32.61%[47]. - The domestic sports industry has grown rapidly, with a compound annual growth rate of 18% over the past six years, reaching a total value of 2.95 trillion yuan in 2019, which is a 10.90% increase from 2018[51]. - The football industry is valued at approximately 500 billion USD globally, highlighting its significance as a major economic sector[49]. Strategic Partnerships and Global Expansion - The company partnered with Bilibili for the exclusive release of the self-developed game "Shiguang Dream Journey," expected to enhance user experience[6]. - The company has formed strategic partnerships with major platforms such as Tencent and Bilibili, enhancing its product supply capabilities and global reach[70]. - The company aims to expand its international presence, targeting a 1:1 ratio of domestic to overseas game revenue, with at least 50% of new projects focusing on global themes[135]. Risk Management and Compliance - The company acknowledges risks from the COVID-19 pandemic, which may impact logistics and operations, and is preparing for a long-term adaptation to the new normal[138]. - The company is exposed to foreign exchange risks due to its export-oriented toy business, and it plans to use hedging tools to manage currency fluctuations[142]. - The company has maintained compliance with all commitments made during the reporting period[171]. Profit Distribution and Shareholder Returns - A cash dividend of 0.1 RMB per 10 shares is proposed, with no bonus shares or capital increase planned[15]. - The total distributable profit available for shareholders is 906,114,330.51 CNY, with the cash dividend representing 100% of the profit distribution total[166]. - The company maintains a stable profit distribution policy, prioritizing cash dividends while considering growth and operational conditions[151]. Research and Development - The company invested ¥125,882,700 in R&D, accounting for 7.22% of total revenue, with 82.57% of R&D expenditures capitalized[109]. - The company's R&D investment in 2020 amounted to ¥125,882,691.39, representing 7.22% of total revenue, an increase from 4.37% in 2019[110]. Corporate Governance - The company has implemented an employee stock option incentive plan, granting 38,069,728 stock options, representing approximately 3.07% of the total share capital[187]. - The company has not faced any penalties or rectification issues during the reporting period[185].