Financial Data and Key Metrics Changes - In 2021, the total billing reached 6.58 billion RMB, a year-on-year increase of 61% [4] - Revenue for the year was 3.12 billion RMB, up 21% year-on-year [4] - Adjusted profit for the year was 147 million RMB, with a compound annual growth rate of 43% from 2017 to 2021 [3][4] - Gross profit reached 220 million RMB, a year-on-year growth of 8% [4] - Net profit was 120 million RMB, reflecting a 13% increase year-on-year [4] Business Line Data and Key Metrics Changes - The company’s video supply capacity peaked at 21,000 videos, a year-on-year increase of 184% [4] - SaaS revenue in the first year amounted to 32.88 million RMB, indicating successful commercialization of the technology platform [4] - The company has diversified its client base, with significant growth in various sectors including network services and e-commerce [10][18] Market Data and Key Metrics Changes - The short video market in China reached 900 million users, with a marketing scale of 180 billion RMB [5] - Growth rates for short video users have slowed, from 26% in June 2020 to 9% in June 2021 [5] - The overseas short video market is expected to grow significantly, with projections indicating it could exceed 100 billion USD by 2025 [6] Company Strategy and Development Direction - The company is focusing on strategic investments and acquisitions to enhance its market position, particularly in marketing technology and AI upgrades [13] - There is a strong emphasis on expanding the SaaS and brand live streaming operations as part of the core business strategy [11][12] - The company aims to leverage its technological capabilities to address challenges in video production and distribution, enhancing efficiency and effectiveness [7][8] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the potential for growth in the overseas short video market, particularly with platforms like TikTok [6][25] - The company anticipates a 50% growth expectation for 2022, contingent on a stable macroeconomic environment [27][28] - Management acknowledged the impact of regulatory changes on certain verticals but remains confident in the overall demand for marketing services [31] Other Important Information - The company has received multiple industry awards, recognizing its leadership in marketing technology [4] - The client structure has evolved, with network services now representing a significant portion of the business [10][17] Q&A Session Summary Question: What progress has been made in the brand live streaming business? - The brand live streaming business has seen significant demand, with over 72 million RMB in GMV generated in 2021, and expectations for continued growth in 2022 [22][23] Question: How does the company view the development of the overseas short video industry? - The company sees the overseas short video market as an opportunity for growth, leveraging its experience and technology to compete effectively [25][26] Question: What are the company's expectations for core business segments in 2022? - The company expects a 50% growth in 2022, driven by a stable macroeconomic environment and increased demand for its services [27][28] Question: How is the SaaS commercialization process progressing? - The SaaS platform has gained traction, with around 200 small and medium-sized clients subscribing within a few months of launch [29] Question: Will regulatory changes impact vertical clients' spending? - While some clients may reduce budgets due to regulatory changes, the company is well-positioned to adapt and reallocate resources to other sectors [31] Question: How is the company addressing privacy protection policies? - The company is monitoring the impact of privacy policies but believes that overall client budgets for marketing will remain stable [33]
云想科技(02131) - 2021 Q4 - 业绩电话会