Ultrapower(SZ:300002)2024-04-18 13:22Dividend Distribution - The company plans to distribute a cash dividend of 0.6 RMB per 10 shares to all shareholders, with no bonus shares issued[4]. - The total number of shares for the dividend distribution is based on 1,957,956,043 shares[4]. - The company plans to distribute a cash dividend of 0.6 CNY per 10 shares, totaling 117,477,362.58 CNY, which represents 100% of the profit distribution amount[192]. - The total share capital for the dividend distribution is based on 1,957,956,043 shares after deducting 3,135,941 shares held in the repurchase account[192]. - The company will not issue bonus shares or increase capital from the capital reserve this year[192]. Financial Performance - The company's operating revenue for 2023 reached ¥5,962,244,473.08, representing a 24.06% increase compared to ¥4,806,013,816.09 in 2022[14]. - Net profit attributable to shareholders for 2023 was ¥887,180,309.72, a significant increase of 63.84% from ¥541,888,812.02 in 2022[14]. - The net profit after deducting non-recurring gains and losses was ¥829,080,678.58, up 85.77% from ¥444,999,665.98 in the previous year[14]. - The company's basic earnings per share for 2023 was ¥0.4550, reflecting a 64.14% increase from ¥0.2774 in 2022[14]. - Total assets at the end of 2023 amounted to ¥6,802,772,091.55, marking a 16.93% increase from ¥5,817,805,060.70 at the end of 2022[14]. - The net assets attributable to shareholders increased by 19.22% to ¥5,764,437,024.42 from ¥4,835,033,218.32 in 2022[14]. - The company generated a net cash flow from operating activities of ¥1,078,377,502.12, a 3.20% increase from ¥1,044,902,543.80 in 2022[14]. - The weighted average return on equity for 2023 was 16.76%, up from 11.83% in 2022[14]. - The company's total revenue for 2023 reached ¥5,962,244,473.08, representing a year-on-year growth of 24.06%[86]. - Net profit attributable to shareholders was ¥88,718.03 million, marking a significant increase of 63.84% year-on-year, achieving a historical high for the same period[85]. Market and Industry Trends - The report highlights the competitive nature of the gaming market, which requires rapid updates and innovation to retain player interest[3]. - The global mobile game market size reached approximately ¥6,062.7 billion in 2023, with a year-on-year growth of 1.98%[28]. - The company's game business revenue from overseas and Hong Kong, Macau, and Taiwan regions accounted for nearly 90% in 2023[28]. - The global SLG mobile game revenue (excluding China's Android channels) was ¥580.4 billion in 2023, with a download increase of 17.72%[33]. - The U.S. and Japan together accounted for 46.74% of the SLG game market, with the U.S. holding about one-third of the market share[36]. - The digital economy in China is projected to grow to ¥56.1 trillion in 2023, reflecting an 11.75% year-on-year increase[24]. - The software and information technology service industry in China achieved a total software business revenue of CNY 1,232.58 billion, representing a year-on-year growth of 14.35%[39]. Strategic Initiatives and Innovations - The company emphasizes the importance of continuously launching successful game products to mitigate revenue decline from older games[3]. - The company has developed multiple attractive mobile game products, leveraging advanced AIGC technology to enhance production efficiency[27]. - The company aims to support digital transformation across various sectors, enhancing operational efficiency and information security for clients[27]. - The company is actively investing in AI, 5G, cloud computing, and big data technologies to enhance its digital economy business and expand its global footprint[40]. - The company aims to become a leading solution provider for full-stack intelligent operations in the digital economy era, focusing on improving operational efficiency and reducing costs[53]. - Continuous iteration of ICT operation products using digital-native technologies to support digital transformation and enhance core competitiveness[53]. - The company has applied for 343 patents in the AI field, with 328 being invention patents, and has obtained authorization for 179 patents, including 172 invention patents[59]. - The company has launched the "Taiyue Zhihuo" platform in the second half of 2023, focusing on intelligent telemarketing and collection, providing SaaS solutions to various financial enterprises[59]. Risk Management and Compliance - The company has outlined potential risks and corresponding measures in its future development outlook section[3]. - The company is subject to the disclosure requirements of the Shenzhen Stock Exchange regarding its internet gaming business[3]. - The company is committed to complying with all relevant laws and regulations to ensure legal and compliant operations[144]. - The company has established a comprehensive risk control system for its foreign exchange transactions, including strict adherence to hedging principles and internal approval processes[128]. - The company is actively monitoring industry trends and regulatory changes to mitigate risks associated with policy shifts in the gaming sector[144]. Governance and Management - The financial report has been confirmed as true, accurate, and complete by the company's management team[3]. - The management team has committed to maintaining transparency and accountability in financial reporting[3]. - The company has established a robust governance structure to enhance operational transparency and protect investor interests[153]. - The board of directors consists of 7 members, including 3 independent directors, and held 11 meetings during the reporting period[155]. - The supervisory board has 3 members and conducted 6 meetings, ensuring effective oversight of major transactions and financial compliance[156]. - The company emphasizes investor relations, maintaining regular communication through various channels, including 2 performance briefings and 4 institutional investor calls during the reporting period[159]. - The company ensures independent operations from its largest shareholder, with separate management of assets, personnel, and finances[161]. Research and Development - The company achieved a research and development investment of ¥283,554,665.50 in 2023, representing 4.76% of its operating revenue, a decrease from 5.73% in 2022[113]. - The number of R&D personnel increased by 2.66% from 1,126 in 2022 to 1,156 in 2023, but the proportion of R&D personnel to total employees decreased from 33.82% to 28.31%[113]. - The company has completed several key R&D projects, including the Automation Capability Supermarket and CDN Operation Workbench, aimed at enhancing operational efficiency and digital transformation[109][110]. - The company is focusing on developing low-code data analysis tools to improve business departments' efficiency in data retrieval and analysis[110]. - The company has established a comprehensive internal control management system for R&D expenditures to ensure accurate capitalization and compliance with relevant regulations[116]. Employee and Shareholder Relations - The total number of employees at the end of the reporting period was 4,083, with 2,307 in the parent company and 1,776 in major subsidiaries[185]. - The total employee compensation during the reporting period amounted to CNY 1.474 billion, accounting for 30.18% of the company's total operating costs[186]. - The company has implemented a comprehensive training system, including programs for middle and lower-level managers and project managers to enhance delivery capabilities[187]. - The employee stock ownership plan includes 67 employees holding a total of 9,407,825 shares, representing 0.48% of the total share capital[197]. - The company has implemented a stock incentive plan for 2023, which was approved by the board and shareholders[193]. - The employee stock ownership plans highlight the company's strategy to align executive interests with shareholder value through equity participation[199][200].