迅游科技(300467) - 2020 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2020 was ¥456,643,081.69, a decrease of 5.59% compared to ¥483,662,652.50 in 2019[18]. - The net profit attributable to shareholders in 2020 was ¥33,580,462.55, a significant increase of 102.83% from a loss of ¥1,186,213,568.77 in 2019[18]. - The net profit after deducting non-recurring gains and losses was ¥4,158,230.18, improving by 100.27% from a loss of ¥1,535,960,968.17 in the previous year[18]. - The basic earnings per share for 2020 was ¥0.16, compared to a loss of ¥5.28 per share in 2019, marking a 103.03% improvement[18]. - The total assets at the end of 2020 were ¥1,147,871,259.57, down 30.01% from ¥1,640,071,427.08 at the end of 2019[18]. - The net assets attributable to shareholders decreased by 30.59% to ¥746,774,185.34 from ¥1,075,888,478.99 in 2019[18]. - The cash flow from operating activities for 2020 was ¥167,678,233.70, a decrease of 4.14% from ¥174,916,810.30 in 2019[18]. - The company reported a weighted average return on equity of 3.09% in 2020, a significant recovery from -73.27% in 2019[18]. - The company achieved total revenue of CNY 456.64 million, a decrease of 5.59% year-on-year, while net profit attributable to shareholders increased by 102.83% to CNY 33.58 million[54]. - The company reported a significant increase in revenue, achieving a total of 1.5 billion yuan in 2020, representing a year-over-year growth of 25%[125]. Market and Business Strategy - The company operates in the online gaming sector, providing services through various platforms, including B2B2C and B2C models[10]. - The company is focused on expanding its market presence and enhancing user engagement through innovative technology solutions[10]. - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share by the end of 2022[116]. - The company aims to launch three new products in 2021, which are anticipated to generate 15% of total revenue[116]. - The company plans to diversify its advertising business model from a pure advertising approach to a combination of subscription and advertising models[93]. - The company is exploring potential mergers and acquisitions to enhance its service offerings and market reach[160]. - The company has established strong partnerships with major gaming developers, supporting a wide range of online games in the market[40]. - The company has developed core technologies such as SCAP, which enhances the speed and stability of its cloud acceleration services[50]. Research and Development - The company’s R&D efforts focus on enhancing its acceleration platform and exploring innovative technology directions, including algorithm optimization and video optimization[55]. - Investment in R&D increased by 30% in 2020, focusing on enhancing existing technologies and developing new products[117]. - The number of R&D personnel increased to 289, accounting for 80.06% of the total workforce[72]. - The company has allocated 100 million yuan for research and development of new technologies in the next year[135]. Risk Management - The company emphasizes the importance of risk awareness regarding future plans and performance forecasts, highlighting potential operational risks and countermeasures[4]. - The report includes a detailed discussion on the company's future development outlook, addressing possible risks and strategies[4]. - The company will actively monitor international policy changes to mitigate adverse impacts on its operations[96]. - The company faces risks from intensified market competition as large internet companies begin to develop their own gaming acceleration services[94]. Governance and Compliance - The company has committed to ensuring the independence of its operations and management, as part of its compliance with regulatory requirements[108]. - The company has a clear governance structure with independent board operations and decision-making processes[110]. - The company has committed to avoiding any competition with controlling shareholders and their enterprises[111]. - The company has committed to maintaining compliance with regulatory requirements, ensuring transparency in all financial disclosures and operations[140]. User Engagement and Market Trends - The number of internet users in China reached 5.18 billion by the end of 2020, with mobile gaming users growing significantly, reflecting a robust market environment[39]. - The Chinese gaming industry generated approximately 278.69 billion in revenue in 2020, with mobile gaming leading at 209.68 billion, marking a year-over-year growth of 32.61%[40]. - User data indicated an increase in active users by 25% year-over-year, reaching 5 million active users by the end of 2020[117]. - User data showed a growth in active users, reaching 10 million, which is an increase of 15% year-over-year[126]. Dividend Policy - The company reported a plan not to distribute cash dividends, issue bonus shares, or increase capital using reserves[5]. - The company plans to distribute no cash dividends for the fiscal year 2020, as the available profit for distribution is negative[102]. - The company has not proposed any cash dividend distribution plan for the past three years, including 2020[107]. - The company reported a total cash dividend of 0.00 for the fiscal year 2020, which is 0.00% of the net profit attributable to ordinary shareholders[107]. Financial Obligations and Commitments - The company has committed to maintaining a dividend payout ratio of 30% of net profits for the next three years[160]. - The company will compensate investors for losses incurred due to unfulfilled commitments, with a penalty of 20% of the total salary received in the year of listing[162]. - The company will disclose specific reasons for any failure to fulfill commitments, including those due to force majeure[161]. - The company has committed to timely and full disclosure of any unfulfilled commitments, accepting public supervision and regulatory oversight[161]. Shareholder Relations - The company has established a framework to ensure that related transactions do not result in unfair advantages or harm to the company and its shareholders[113]. - The company guarantees that there are no serious infringements on its rights and interests as per the Securities Issuance Management Measures[113]. - The company has committed to maintaining confidentiality regarding the restructuring information and has taken necessary measures to prevent insider trading[138]. - The company has confirmed that it has fulfilled its capital contribution obligations to Lion's Roar, with no instances of false, delayed, or withdrawn contributions[155].