Omnijoi Media Corporation(SZ:300528)2023-04-06 16:00Financial Performance - The company's operating revenue for 2022 was ¥632,442,525.78, a decrease of 33.25% compared to ¥947,419,514.65 in 2021[24]. - The net profit attributable to shareholders was -¥359,873,435.44, representing a decline of 111.19% from -¥170,400,107.72 in the previous year[24]. - The cash flow from operating activities was ¥26,607,270.29, down 87.90% from ¥219,829,445.66 in 2021[24]. - The total assets at the end of 2022 were ¥2,760,245,317.52, a decrease of 11.35% from ¥3,113,712,593.54 at the end of 2021[24]. - The net assets attributable to shareholders decreased by 62.32% to ¥217,623,644.43 from ¥577,547,045.51 in 2021[24]. - The company reported a basic and diluted earnings per share of -¥0.9658, a decline of 111.20% from -¥0.4573 in 2021[24]. - The total operating revenue for 2022 was ¥632,442,525.78, representing a decrease of 33.25% compared to ¥947,419,514.65 in 2021[55]. - The revenue from film and derivative products was ¥445,906,434.63, accounting for 70.51% of total revenue, down 28.51% from the previous year[59]. - The box office revenue for the happiness blue sea cinema line was ¥1.308 billion, a decline of 31.96% year-over-year[57]. - The number of moviegoers decreased to 31.33 million, down 35.11% from the previous year[57]. - The company reported a significant increase in revenue for the fiscal year 2022, with total revenue reaching 1.5 billion RMB, representing a year-over-year growth of 20%[106]. - The company reported a total revenue of 1.684 billion in 2022, reflecting a year-on-year increase of 4%[196]. - The company reported a total revenue of 1.2 billion yuan for the year 2022, reflecting a year-on-year increase of 15%[198]. - The net profit attributable to shareholders was 150 million yuan, representing a growth of 10% compared to the previous year[198]. - The company reported a total revenue of 1.32 billion in 2022, reflecting a year-on-year increase of 10%[199]. - The net profit for the year was 840 million, representing a growth of 15% compared to the previous year[200]. Box Office and Cinema Operations - The total box office revenue for 2022 was 30.067 billion CNY, with domestic films accounting for 25.511 billion CNY, representing 84.85% of the total[5]. - The number of cinema admissions in urban areas reached 712 million in 2022[5]. - The company's cinema chain achieved a box office of 1.308 billion yuan, with 4.3708 million screenings and 31.3323 million attendees in 2022[44]. - As of December 31, 2022, the company operated a total of 558 cinemas with 3,368 screens, ranking seventh nationally and first in Jiangsu province[38]. - The company signed 17 new cinema projects in 2022, adding 101 screens, including one project in a rural area with three screens[44]. - The summer box office in 2022 achieved 9.135 billion yuan, marking a year-on-year growth of 23.76%[90]. - The company has opened 35 fully-owned and controlled township cinemas in Jiangsu Province by December 2022, enhancing cultural access for rural residents[178]. - The company operates 135 People's Cinema locations, aiming to meet the growing cultural needs of the public[179]. Content Production and Quality - The television drama industry is undergoing a transformation, shifting from quantity to quality, with a focus on premium content[4]. - The production of online content has increased in quantity and quality, with exclusive and paid content becoming the main profit models[5]. - The company is focusing on high-quality content production, with recent successful releases including the film "Guard Island" and the drama "Bay Area Children," both recognized with awards[40]. - The company produced over 80 television dramas, with 21 aired on CCTV, and has won multiple prestigious awards including the Golden Eagle Award and the Feitian Award[36]. - The company is committed to producing high-quality works that meet the cultural needs of the public and contribute to the development of the cultural industry[34]. - The company is actively developing new films, including "老伙计" and "但愿人长久," while also working on various online films and short dramas[43]. - The company is focusing on producing high-quality content, with a pipeline of projects including "Zhang Jian" and "Our Neighbors," both scheduled for 2023[91]. - The company is developing new genres for online dramas, shifting towards themes that appeal to younger audiences, such as comedy and romance[90]. Strategic Plans and Market Expansion - The company aims to enhance its production capabilities and expand its market presence in the film and television industry[34]. - The company is actively expanding its internet market presence with new projects like the iQIYI custom drama "Lonely Boat" and the network comedy "Happy Village" in development[42]. - The company plans to expand its cinema chain, with new projects including an IMAX cinema in Xi'an set to open on June 1, 2023, and another in Shanghai on October 1, 2023[95]. - The company is committed to expanding its cinema presence in rural areas, guided by national policies and its own development plans[95]. - The company is exploring strategic investments and acquisitions to optimize its capital structure and enhance market competitiveness[97]. - The company is focusing on diversifying its revenue streams beyond box office sales by enhancing its content production and distribution capabilities[99]. - The company plans to expand its market presence by opening 50 new cinema locations in 2023, aiming for a 25% increase in market share[198]. - The company is exploring acquisition opportunities to enhance its content library, with a budget of 200 million RMB earmarked for potential acquisitions in 2023[106]. - The company is actively pursuing partnerships to enhance its distribution channels and increase market penetration[120]. Governance and Compliance - The company has established a sound corporate governance structure, including a board of directors and supervisory board, to ensure compliance and effective operation[161]. - The company maintains a strong governance structure, ensuring compliance with legal and regulatory requirements, which supports its operational independence[107]. - The company emphasizes transparency in information disclosure, utilizing multiple platforms to communicate with investors and stakeholders effectively[108]. - The board's commitment to protecting the rights of shareholders was emphasized throughout the reporting period[143]. - The company has maintained a stable governance structure with no differential voting rights arrangements[114]. - The company has not reported any changes in the shareholding of directors and senior management during the reporting period[114]. - The company has not disclosed any new product developments or technological advancements in the report[115]. - The company has not faced any bankruptcy reorganization matters during the reporting period[193]. Human Resources and Training - The total number of employees at the end of the reporting period was 1,227, with 55 in the parent company and 1,172 in major subsidiaries[148]. - The professional composition of employees includes 927 in operations, 48 in film production, 41 in management, 69 in finance, and 142 in general roles[149]. - The company's compensation policy links overall salary levels to business performance, ensuring fairness internally and competitiveness externally[150]. - In 2022, the human resources department implemented a training program combining online and offline methods, focusing on core employees and industry experts[151]. - The training plan for 2023 aims to enhance professional and systematic training, inviting industry experts for on-site lectures and regular evaluations of training effectiveness[151]. Risks and Challenges - The company’s operational risks have been outlined in the management discussion section of the report[7]. - The company acknowledges the risk of declining profitability in its cinema business due to rising operational costs and increased competition in the market[99]. - The company faces risks from regulatory policies in the film and television industry, which could impact its production and distribution processes[98]. - The company has implemented measures to address potential risks from public health events that could disrupt cinema operations, ensuring business continuity[102]. - The company has a robust project evaluation committee to ensure the quality and profitability of its film and television projects[47]. Social Responsibility and Community Engagement - The company has actively engaged in social responsibility initiatives, aligning with national policies to improve cinema coverage in rural areas[178]. - The company’s efforts in poverty alleviation include the production of "阿坝一家人," which was recognized as a key project by the National Radio and Television Administration[180]. - The company emphasizes a dual focus on social and economic benefits in its content production strategy[178]. Future Outlook - The company provided guidance for 2023, projecting a revenue growth of 25% and aiming to reach 1.875 billion RMB[106]. - The company is optimistic about future revenue growth, driven by new content releases and market expansion strategies[119]. - The company has set a performance guidance of 1.5 billion yuan in revenue for 2023, indicating a growth target of 25%[198]. - The company plans to enhance its digital distribution capabilities to capture a larger share of the online streaming market[196].