顺网科技(300113) - 2020 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2020 was CNY 1,044,126,473.90, a decrease of 33.59% compared to CNY 1,572,332,757.99 in 2019[21] - The net profit attributable to shareholders for 2020 was CNY 90,893,773.89, representing a 6.62% increase from CNY 85,248,853.10 in 2019[21] - The net cash flow from operating activities was negative CNY 29,071,009.58, a decline of 110.49% compared to CNY 277,070,397.62 in 2019[21] - The basic earnings per share remained at CNY 0.13, unchanged from 2019[21] - Total assets at the end of 2020 were CNY 2,936,380,008.79, a decrease of 14.85% from CNY 3,448,296,985.76 at the end of 2019[21] - The company reported a significant increase of 90.67% in net profit attributable to shareholders after deducting non-recurring gains and losses, amounting to CNY 81,238,042.11 in 2020[21] - The weighted average return on net assets for 2020 was 3.63%, an increase of 0.38% from 3.25% in 2019[21] - The net profit attributable to shareholders of the listed company was CNY 24,713,225.98, a decrease of 25,862,039.45 compared to the previous period[24] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 23,694,740.41, an increase of 35.5% compared to the previous period[24] - The net cash flow from operating activities was -CNY 101,929,902.54, a significant decline compared to CNY 19,022,763.02 in the previous period[24] Revenue Breakdown - Revenue from the computer application service industry was CNY 957,484,055.54, accounting for 91.70% of total revenue, down 33.00% from CNY 1,429,001,789.89 in 2019[59] - The gaming media industry generated CNY 86,642,418.36, representing 8.30% of total revenue, a decline of 39.55% from CNY 143,330,968.10 in 2019[62] - Revenue from online advertising and value-added services was ¥522,833,254.36, down 26.48% year-over-year, with a gross margin of 56.60%[68] - The gaming business generated ¥400,641,819.32 in revenue, reflecting a 33.76% decline year-over-year, with a gross margin of 68.97%[68] - Total revenue from domestic operations was ¥1,042,691,925.34, a decrease of 33.62% year-over-year, with a gross margin of 61.67%[68] Business Strategy and Development - The company is focusing on the development of a high-performance cloud computing platform based on edge computing technology[35] - The company has expanded its business into cloud gaming services, leveraging its existing technology and user base[36] - The company aims to enhance user experience through big data and artificial intelligence applications in the entertainment sector[35] - The company aims to transition from B2B to B2C business models, enhancing user engagement and service monetization through a comprehensive entertainment service ecosystem[56] - The company is focusing on developing new products and technologies to enhance its market position and expand its service offerings[56] - The company plans to enhance its edge cloud computing network centered around GPU computing, focusing on low-latency and high-performance cloud services for industries like gaming and VR[111] - The company is committed to continuous innovation in its cloud platform, focusing on providing rich entertainment content and a sustainable online environment for users[112] - The company plans to launch an open PaaS and SaaS layer application in the future, enhancing its product matrix in cloud gaming and related services[111] Legal and Compliance Issues - The company has not faced any delisting situations or bankruptcy restructuring matters during the reporting period[143] - The company has not reported any non-operating fund occupation by controlling shareholders or related parties[143] - The company is currently involved in multiple lawsuits, including a claim for CNY 4,400,887.7 against individuals related to a share transfer dispute, with ongoing enforcement actions[146] - The company has faced multiple lawsuits with no available executory assets from defendants, indicating potential challenges in recovering awarded amounts[146] - The company is actively involved in legal proceedings related to service contracts and shareholder responsibilities, reflecting ongoing operational risks[146] Investment and Financial Management - The company reported a government subsidy income of ¥35,936,235.87, which accounted for 22.50% of total profit, indicating a reliance on non-operating income sources[86] - The total investment amount for the reporting period was ¥259,460,100, representing a 58.98% increase compared to ¥163,207,462.81 in the same period last year[95] - The company made a new equity investment of ¥70,000,000 in Hangzhou Hou Dashun Network Equity Investment Partnership, holding a 49.79% stake[95] - The acquisition of Anhui Xingyun Network Technology Co., Ltd. involved an investment of ¥50,000,000, resulting in a 60% ownership stake[95] - The company confirmed an investment income of 3,142.26 million yuan from the transfer of equity in a subsidiary during the reporting period[170] Employee and Corporate Governance - The company has implemented an employee stock ownership plan approved by the board on February 18, 2021, and by the shareholders on March 9, 2021[166] - The number of R&D personnel increased to 652, accounting for 44.38% of the total workforce[82] - The company has not engaged in any related party transactions during the reporting period[171] - The company has not faced any penalties or rectification issues during the reporting period[164] Social Responsibility - The company donated 10 million yuan to support the fight against the COVID-19 pandemic[189] - The company has not conducted any poverty alleviation work during the reporting year[190] - The company is not classified as a key pollutant discharge unit by environmental protection authorities[196]