新迅达(300518) - 2020 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2020 was ¥203,606,129.39, a decrease of 5.55% compared to ¥215,563,253.83 in 2019[23]. - The net profit attributable to shareholders in 2020 was ¥147,698,240.44, a significant increase of 165.42% from a loss of ¥225,769,171.13 in 2019[23]. - The net profit after deducting non-recurring gains and losses was ¥19,868,627.91, up 106.86% from a loss of ¥289,464,986.43 in 2019[23]. - The basic earnings per share for 2020 was ¥1.58, compared to a loss of ¥2.42 per share in 2019, marking a 165.29% improvement[23]. - The total assets at the end of 2020 were ¥1,349,225,891.99, a slight increase of 0.72% from ¥1,339,643,647.48 at the end of 2019[23]. - The net assets attributable to shareholders increased by 20.38% to ¥866,804,532.15 from ¥720,069,881.08 at the end of 2019[23]. - The company reported a net cash flow from operating activities of ¥116,121,063.14, down 13.84% from ¥134,767,164.80 in 2019[23]. - The company achieved a total profit of 185.56 million yuan, an increase of 192.62% compared to the same period last year[4]. - The company’s total revenue for the reporting period was 203.61 million yuan, a decrease of 5.55% from 215.56 million yuan in the previous year[50]. - The company’s total assets at the end of the reporting period were 1.35 billion yuan, a 0.72% increase from the beginning of the year[47]. Revenue Breakdown - Revenue from value-added telecom services was CNY 42.47 million, down 49.16% year-on-year due to market changes and the impact of the pandemic[43]. - Game development revenue was CNY 85.32 million, a decline of 22.91%, primarily due to a drop in entrusted game development income by CNY 16.84 million, a decrease of 58%[44]. - The company's platform operation revenue reached CNY 66.48 million, accounting for 32.65% of total revenue, an increase of 4.17% year-on-year[44]. - Revenue from the live e-commerce business reached 46.53 million yuan, accounting for 22.86% of total revenue and 35.15% of the company's gross profit[4]. - The company's game business generated revenue of 85.33 million yuan, contributing 41.91% to total revenue, but saw a decline of 22.91% compared to the previous year[50]. Profit Distribution - The company reported a profit distribution plan for 2020, stating no cash dividends will be distributed, and the remaining undistributed profits will be carried forward to the next year[11]. - The company’s available distributable profit for 2020 was CNY 410,899,134.04, but no dividends were proposed, with the remaining profits carried forward to the next year[104]. - The company’s cash dividend policy remains unchanged, with no adjustments made during the reporting period[103]. - The company reported a net profit of CNY 147,698,240.44 for 2020, with no cash dividends distributed, resulting in a cash dividend payout ratio of 0.00%[107]. - The company plans to allocate over CNY 53 million for equity transfer and other investment payments in 2021, including CNY 48,566,500 for the acquisition of Zhonglian Changxiang[108]. Risks and Challenges - The company faces risks related to new game development and operation, including high costs and potential failure to meet market demands, which could adversely affect profitability[4]. - The competitive landscape in the mobile gaming industry is intense, and failure to develop new quality games may lead to a decline in market share and customer retention[5]. - The company is exposed to risks from changing industry regulations, particularly for its overseas projects and live streaming business, which could negatively impact performance[8]. - The lifecycle of gaming products presents risks, as failure to update and promote existing games could lead to rapid revenue declines[9]. - The company may face intellectual property risks during game development, which could result in legal liabilities and operational disruptions if infringement claims arise[10]. Operational Developments - The company has established a data-driven operational system to enhance business quality and profitability, focusing on user behavior analysis[39]. - The company is actively expanding into the live e-commerce sector, with 3.88 million users engaging in e-commerce live streaming by the end of 2020, representing 39.2% of internet users[37]. - The company introduced new business lines, including live e-commerce and internet advertising agency services during the reporting period[61]. - The company has established a comprehensive game operation system, enhancing its ability to meet player demands across multiple countries and regions[93]. - The newly developed game "Baiye Fantasy" has received approval for release, indicating a proactive approach to expanding its game portfolio[93]. Governance and Compliance - The company has maintained its independence in operations, finance, and management, ensuring the protection of all shareholders' interests[112]. - The company has committed to not transferring or repurchasing its shares within 36 months of its initial public offering, ensuring shareholder confidence[113]. - The company has emphasized its long-term commitment to maintaining governance structures and independent operations[112]. - The company has reiterated its responsibility for the accuracy of information provided, ensuring transparency in its operations[112]. - The company has established four committees within the board, including the Audit Committee, Strategic Committee, Nomination Committee, and Compensation and Assessment Committee, each with 3 members[197]. Shareholder Information - The company’s major shareholder, Chen Yongrui, holds 40.90% of the total shares, with 11.54% of his shares frozen[129]. - The total number of common shareholders increased to 11,389 from 9,686 in the previous month, indicating a growth of approximately 17.6%[166]. - The largest shareholder, Chen Yongrui, holds 40.90% of the shares, with a total of 41,615,152 shares, and has pledged 41,585,794 shares[166]. - The company has a high stock pledge rate among its major shareholders, which poses uncertainties regarding their pledge performance and additional guarantee capabilities[158]. - The company has not reported any related party transactions or agreements among the top shareholders[167]. Employee and Management - The company employed a total of 158 staff members, with 70 in technical roles and 27 in sales[189]. - The educational background of employees includes 4 with master's degrees or above, 98 with bachelor's degrees, 50 with associate degrees, and 6 with below associate degrees[190]. - The company emphasizes a competitive and fair compensation policy to attract talented individuals and enhance employee motivation[191]. - The total remuneration paid to directors, supervisors, and senior management during the reporting period amounted to CNY 5.6577 million[186]. - The company’s financial director, Ye Yanzhen, has been with the company since March 2009, indicating stability in the financial management team[183].