网龙(00777) - 2022 - 年度业绩

Financial Performance - NetDragon Websoft Holdings Limited reported a revenue growth of 11.8% year-on-year, reaching RMB 77.9 billion for the fiscal year ending December 31, 2022[1]. - The education business achieved a record revenue of RMB 43.0 billion, representing a year-on-year increase of 34.2%, accounting for 55.1% of total revenue[3]. - Game business revenue decreased by 5.8% year-on-year to RMB 34.0 billion, with mobile game revenue slightly declining by 0.2% to RMB 577 million, outperforming the domestic mobile game market decline of 14.4%[6]. - The company announced a net profit attributable to shareholders of RMB 834 million for 2022, a decrease of 21.5% year-on-year[9]. - Operating profit for 2022 was RMB 1.2 billion, down 17.0% year-on-year[9]. - Revenue for 2022 was RMB 7,866 million, an increase of 11.8% from RMB 7,036 million in 2021[13]. - Gross profit decreased to RMB 4,315 million in 2022 from RMB 4,523 million in 2021, representing a decline of 4.6%[13]. - Net profit for the year was RMB 764 million, a decrease of 22.2% compared to RMB 983 million in 2021[13]. - The group reported a profit before tax of RMB 840 million for the year, compared to RMB 1,236 million in the previous year, indicating a decrease of about 32.1%[30]. Revenue Breakdown - Game revenue for 2022 was RMB 3.43 billion, a decrease of 5.8% year-on-year, while education revenue rose by 34.2% to RMB 4.3 billion[9]. - Revenue from online and mobile games was RMB 3,430 million, a decrease from RMB 3,642 million in the previous year, reflecting a decline of about 5.8%[27]. - Education revenue, including sales of educational equipment and related services, increased significantly to RMB 4,336 million from RMB 3,231 million, marking a growth of approximately 34.3%[27]. Strategic Initiatives - The company announced a strategic partnership with AI education technology leader Merlyn Mind to develop an AI-supported interactive panel, expected to launch with the next product update[5]. - The company acquired Explain Everything, a leading digital whiteboard platform, to enhance its product offerings and revenue-generating applications[3]. - The company aims to explore acquisition opportunities to expand market coverage and core competitiveness[8]. - The company plans to launch five new games based on the "Magic Domain" IP in 2023 and 2024, with the first game already released in March 2023[8]. Shareholder Returns - The company declared a final dividend of HKD 0.40 per share, with total dividends for the year amounting to HKD 1.30 per share, representing 73.0% of the total profit attributable to owners[2]. - The board proposed a final dividend of HKD 0.40 per share for the year ended December 31, 2022, totaling approximately RMB 193 million[67]. Cash Flow and Assets - Cash flow from operating activities increased by 4.2% year-on-year to RMB 1.1 billion[9]. - Total assets decreased to RMB 6,687 million in 2022 from RMB 6,941 million in 2021, a reduction of 3.7%[16]. - Cash and cash equivalents at year-end were RMB 3,701 million, slightly down from RMB 3,717 million in 2021[19]. - The company reported a net cash inflow from operating activities of RMB 1,070 million, an increase from RMB 1,027 million in 2021[18]. Employee and R&D Investments - The total number of employees increased to 5,135 as of December 31, 2022, from 4,834 in the previous year, with R&D staff rising to 2,960[47]. - R&D expenses grew by 16.7% year-on-year to RMB 768 million, representing 22.4% of game revenue[8]. Debt and Liabilities - New bank loans added in 2022 amounted to RMB 878 million, significantly higher than RMB 411 million in 2021[19]. - The debt-to-equity ratio increased to 0.11 as of December 31, 2022, compared to 0.06 in the previous year[46]. - Total bank loans amounted to approximately RMB 739 million as of December 31, 2022, up from RMB 403 million in 2021, with floating-rate loans at RMB 376 million and fixed-rate loans at RMB 363 million[46]. Corporate Governance - The company has complied with the corporate governance code throughout the review year[72]. - The audit committee reviewed the financial statements for the year ended December 31, 2022, ensuring compliance with applicable accounting standards[73].