幸福蓝海(300528) - 2021 Q4 - 年度财报

Financial Performance - The company reported a net profit attributable to shareholders of -170.40 million yuan for 2021, with the parent company achieving a net profit of -0.8265 million yuan[151]. - The company's operating revenue for 2021 was ¥947,419,514.65, an increase of 65.86% compared to ¥571,209,354.31 in 2020[23]. - The net profit attributable to shareholders was -¥170,400,107.72, a 56.14% improvement from -¥388,507,438.20 in the previous year[23]. - The total revenue for 2021 reached approximately ¥947.42 million, a 65.86% increase compared to the previous year[52]. - The company reported a significant increase in operating costs, with the main business cost rising to ¥382.11 million, a 39.96% increase from the previous year[58]. - The company reported a loss for the fiscal year 2021, resulting in a negative profit available for distribution to ordinary shareholders at the end of the reporting period[152]. - The company’s legal reserve fund is not sufficient to cover previous years' losses, and it must first use current year profits to offset losses before allocating to the legal reserve[151]. - The company has committed to a shareholder return plan for the next three years (2021-2023) as outlined in the proposal[186]. Box Office and Cinema Operations - The total box office revenue in China for 2021 reached 47.258 billion yuan, with domestic films accounting for 39.927 billion yuan, representing 84.49% of the total[6]. - The number of new cinema screens added in 2021 was 6,667, bringing the total number of screens in China to 82,248, maintaining the top position globally[6]. - The company’s cinema chain expanded to 522 locations with a total of 3,217 screens by the end of December 2021[37]. - The company ranked eighth in national box office revenue for the first time in 2021[37]. - The company signed 23 new cinema projects in 2021, adding 129 screens, including 9 in rural areas[43]. - The company’s cinema chain expanded from 142 cinemas at the time of its IPO in 2016 to 522 cinemas by the end of the reporting period, with a rise in national ranking from 17th to 8th[47]. - The number of cinema screenings increased to 4.81 million, a growth of 129.96% year-on-year, with total audience attendance reaching 48.28 million, up 121.3%[53]. Production and Content Strategy - The company produced and co-produced several successful dramas in 2021, including "A Family in Aba" and "Who Else But Me," which aired on major platforms[34]. - The company plans to continue expanding its film and television production capabilities, leveraging the recovery of the industry post-pandemic[34]. - The company aims to enhance the quality of its productions while adhering to regulatory guidelines and promoting positive cultural values[38]. - The company has 12 excellent television projects in reserve for the next five years, including the historical drama "Zhang Jian" which has completed the script stage[41]. - The company is actively developing new projects, with several films and TV series in various stages of production and distribution[40]. - The company plans to continue its focus on high-quality content production, with key projects including "The Wind Rises" and "People's Police" in post-production for 2022[87]. Governance and Compliance - The company has a sound corporate governance structure, including a general meeting of shareholders, a board of directors, and a supervisory board, ensuring compliance and effective operation[156]. - The company reported a strict compliance with governance regulations, with a board of directors consisting of 9 members, including 3 independent directors, ensuring effective decision-making[107]. - The company has established effective communication channels with shareholders, ensuring transparency and equal rights for all shareholders, especially minority shareholders[107]. - The company has developed a comprehensive internal control system covering all major units and high-risk areas, ensuring effective risk management[154]. - The company has implemented a budget management system to oversee the execution of budgets and ensure alignment with strategic goals[159]. Market and Strategic Initiatives - The company is exploring potential acquisitions in the media sector to diversify its content offerings and strengthen market position[127]. - The company is committed to optimizing its revenue structure and exploring diverse income sources to boost overall profitability[91]. - The company aims to expand its cinema network through self-built and acquired theaters, increasing market share and coverage in key cities[90]. - The company is actively pursuing a strategy to expand rural cinema projects, aligning with national policies to enhance cultural access[91]. - The company has established 135 People's Cinema locations to enhance cultural accessibility in rural areas[175]. Challenges and Risks - The company anticipates that the impact of the pandemic will continue to affect its operations in 2022, particularly its owned cinemas, and is implementing cost-cutting measures and resource integration to mitigate these effects[94]. - The company faces regulatory risks due to strict government oversight in the film and television industry, which could impact its business operations[96]. - The company is experiencing growth risks in its television drama business due to market saturation and rising production costs, which could affect profitability if prices do not increase accordingly[96]. - The rapid expansion of the company's cinema business may lead to management challenges, requiring effective risk control and management practices[98]. Social Responsibility and Community Engagement - The company actively engaged in community cultural initiatives, including free movie screenings, to promote social harmony[174]. - The company emphasizes a balanced approach to social and economic benefits in its operations[175]. - The company has successfully broadcast the poverty alleviation-themed drama "A Family in Aba" on major platforms, contributing to social responsibility efforts[176]. Employee Management and Development - The total number of employees at the end of the reporting period was 1,384, with 1,135 in operational roles and 56 in film production[144]. - The company plans to continue training programs in 2022, utilizing both online and offline methods to enhance employee skills and efficiency[146]. - The company’s training initiatives aim to improve professional capabilities and labor efficiency, with regular assessments of training effectiveness planned[146]. - The company has a clear human resources management framework to support employee development and maintain a positive work environment[162].