Tom(SZ:300459)2021-04-27 16:00Financial Performance - Revenue for the fiscal year 2020 reached RMB 1.2 billion, representing a 15% increase compared to RMB 1.04 billion in 2019[28]. - The company's operating revenue for 2020 was CNY 1,807,222,572.12, representing a decrease of 6.99% compared to 2019[34]. - The net profit attributable to shareholders of the listed company was CNY 752,917,670, a significant recovery from a loss of CNY 2,779,681,200 in 2019[34]. - The net cash flow from operating activities for 2020 was CNY 1,075,838,684.38, an increase of 1.22% from CNY 1,041,419,182.01 in 2019[34]. - The total assets at the end of 2020 were CNY 6,636,726,567.17, down 20.13% from CNY 7,926,654,305.54 in 2019[34]. - The net assets attributable to shareholders of the listed company decreased by 22.92% to CNY 2,746,794,533.65 from CNY 3,688,380,668.60 in 2019[34]. - The basic earnings per share for 2020 was CNY 0.21, recovering from a loss of CNY 0.79 in 2019[34]. - The company reported a net profit of CNY 39,000,000 after excluding non-recurring gains and losses, compared to a loss of CNY 2,815,248,900 in 2019[34]. - The company experienced a significant increase in the weighted average return on equity, reaching 22.92% in 2020, up from -53.21% in 2019[34]. - The company reported a significant increase in non-operating income, totaling approximately 245.74 million, compared to 110.20 million in the previous period[44]. User Engagement and Product Development - The company reported a significant increase in user engagement, with the "Talking Tom Cat" series achieving over 500 million downloads globally, reflecting a growth of 25% year-over-year[9]. - The company has developed and launched over 20 mobile applications based on the "Talking Tom and Friends" IP, achieving a cumulative download of over 15 billion globally and a monthly active user (MAU) count of 410 million[48]. - The company's animated works based on the "Talking Tom and Friends" IP have been translated into 32 languages, with a total global view count exceeding 72 billion[52]. - The highest monthly active users for "My Talking Tom 2" reached 86 million, while "Talking Tom Gold Run" peaked at 79 million[108]. - The newly launched game "Talking Tom Gold Run" received over 69 million downloads in its launch month, with monthly active users exceeding 50 million[109]. - The company maintained a strong focus on its core IP, "Talking Tom and Friends," optimizing its mobile applications and enhancing user engagement[104]. - The company's mobile applications maintained strong user engagement, with long lifecycle operations for "My Talking Tom" and "My Angela" achieving 56 million and 66 million monthly active users, respectively[108]. - The company is actively exploring diverse game genres to enhance its product matrix and maintain its leading position in the global casual gaming market[114]. Strategic Initiatives and Market Expansion - The company aims to enhance its international market presence, with a goal of increasing overseas revenue contribution from 20% to 30% by 2023[13]. - The company plans to expand its product offerings by launching at least 5 new mobile applications in 2021, targeting a 30% increase in active user retention[12]. - The company is focused on expanding its offline business through theme parks and commercial complexes, enhancing the overall IP ecosystem and market presence[56]. - The company is actively pursuing mergers and acquisitions to diversify its product portfolio, with a target of completing at least two acquisitions in the next fiscal year[12]. - The company is exploring potential mergers and acquisitions to enhance its technological capabilities and market reach[94]. - The company is implementing a "national city partner" plan to expand its parent-child theme park business across major cities in China[198]. - The company aims to leverage advanced technology in its products, such as color recognition systems, to stay competitive in the toy industry[94]. Research and Development - The company is committed to enhancing its R&D capabilities, with an investment of RMB 100 million planned for new technology development in 2021[12]. - The company's investment in research and development has increased the value of intangible assets during the reporting period[71]. - The company has built a professional talent team with expertise in technology R&D, application product development, and mobile application operations, ensuring sustainable innovation[80]. - R&D expenditure amounted to ¥278,017,936.96, representing 15.38% of operating revenue[163]. - The number of R&D personnel decreased from 672 in 2018 to 443 in 2020[160]. - The proportion of capitalized R&D expenses to total R&D expenditure was 50.20%[163]. Advertising and Revenue Streams - The company's internet marketing revenue from advertising reached approximately ¥1.38 billion, accounting for 76.53% of total revenue, with a year-on-year increase of 15.28%[125]. - Advertising business revenue reached ¥1,383,104,865.74, accounting for 76.53% of total revenue, with a year-on-year increase of 15.28%[143]. - The advertising revenue from CPM (cost per mille) format accounted for 89% of total advertising revenue in 2020, compared to 98% in 2019[130]. - The company has no single platform transaction amount accounting for more than 50% of total transactions, indicating a diversified revenue stream[137]. Intellectual Property and Partnerships - The company has established a dedicated legal team to protect its intellectual property, particularly for its high-profile IP, which has over 100 million active users[8]. - The company has established partnerships with major brands across various sectors, including Alibaba, Tencent, and McDonald's, to create personalized and fashionable products and services based on the "Talking Tom and Friends" IP[55]. - The company is collaborating with Alibaba to establish a "Talking Tom" flagship store on e-commerce platforms, enhancing sales channels for IP derivative products[198]. - The company has established partnerships for IP licensing with various brands, enhancing the cultural value and marketability of its products[125]. Future Outlook and Market Trends - The mobile internet cultural industry, where the company operates, continues to experience stable growth, supported by national cultural development policies[59]. - The mobile game sector is expected to continue its rapid growth due to increased demand for online entertainment and supportive policies[66]. - The company aims to become a globally recognized full-spectrum IP ecosystem operator, integrating online and offline business layouts[197]. - The integration of new technologies such as AI, big data, and blockchain will revolutionize the development and operation of cultural IP[195].