Ultrapower(SZ:300002) 3 6 Ke·2025-04-29 08:11Core Viewpoint - Shenzhou Taiyue reported a strong financial performance for the year 2024, with total revenue of 6.452 billion yuan, an 8.22% increase year-on-year, and a net profit of 1.428 billion yuan, soaring by 60.92% compared to the previous year, attributed to effective marketing strategies and cost optimization [1][2]. Financial Performance - Total revenue for 2024 reached 6.452 billion yuan, up from 5.962 billion yuan in 2023, marking an 8.22% increase [2]. - Net profit attributable to shareholders was 1.428 billion yuan, a significant rise of 60.92% from 887 million yuan in 2023 [2]. - The net profit excluding non-recurring gains was 1.147 billion yuan, reflecting a 38.29% increase from 829 million yuan in 2023 [2]. - Operating cash flow for the year was 1.648 billion yuan, up 52.83% from 1.078 billion yuan in 2023 [2]. - Basic earnings per share increased to 0.7311 yuan, a 60.68% rise from 0.4550 yuan in 2023 [2]. Asset and Equity Growth - Total assets at the end of 2024 were 8.132 billion yuan, a 19.54% increase from 6.803 billion yuan at the end of 2023 [2]. - Net assets attributable to shareholders rose to 7.011 billion yuan, up 21.63% from 5.764 billion yuan in 2023 [2]. R&D Personnel and Structure - The number of R&D personnel was 1,142, slightly down from 1,156 in 2023, with a notable increase in senior personnel aged 40-50 from 115 to 201, a 74.78% rise [3]. - R&D personnel accounted for 26.18% of the total workforce, down from 28.31% in 2023 [3]. Subsidiary Performance - Shellwood Games, a wholly-owned subsidiary, achieved revenue of 4.662 billion yuan in 2024, with over 90% of income coming from overseas and Hong Kong, Macau, and Taiwan [1][3]. - Operating profit for Shellwood Games reached 1.765 billion yuan, marking a historical high in both revenue and profit, continuing a seven-year trend of growth [1][3]. Game Performance and Market Position - Shellwood Games' titles, "Age of Origins" and "War and Order," contributed significantly to revenue, with "Age of Origins" generating 3.454 billion yuan and "War and Order" 1.062 billion yuan [10][12]. - "Age of Origins" ranked 5th among Chinese game publishers in overseas revenue, while "War and Order" ranked 9th globally [5][14]. - The marketing strategy for these games has led to a reduction in promotional expenses by nearly 40% for "Age of Origins" and over 18% for "War and Order" [10]. Future Product Development - Shellwood Games is advancing two new SLG titles, "Stellar Sanctuary" and "Next Agers," expected to launch in late 2024 and early 2025, respectively [14][15]. - The company is focusing on enhancing its product pipeline, with several SLG products scheduled for commercialization testing by the end of 2025 [15].