Juli Culture(SZ:002247)2022-12-06 08:44Group 1: Company Overview - Zhejiang Dilong Cultural Development Co., Ltd. was established in 2000 and became a public company in June 2008, listed on the Shenzhen Stock Exchange [1] - The company primarily produces and sells decorative materials, including decorative paper, high-performance decorative boards, aluminum oxide, and PVC decorative materials [1][2] - The main applications of these products are in flooring, furniture, cabinets, doors, lighting, building facades, and home appliance shells [2] Group 2: Business Growth and Strategy - The company has maintained steady growth in its traditional new materials business, with continuous sales growth since its listing [2] - Factors contributing to this growth include the expansion of product applications, increasing consumer environmental awareness, and the rising demand for furniture updates [2] - The company has implemented a cross-regional strategic layout, establishing a reasonable production and sales system across various locations [2] Group 3: Dual Business Development - The company has chosen to develop dual businesses to enhance profitability and risk resistance amid a slowing domestic economy [3] - A significant asset restructuring has introduced a new gaming industry with strong profitability and growth potential [3] Group 4: Future Development Plans - Future plans include expanding the game product line and focusing on the pan-entertainment industry, leveraging IP resources to enhance the cultural entertainment industry chain [3] - The company aims to invest in cultural industry projects to enrich its project reserves and achieve a strategic shift towards pan-entertainment culture [3] Group 5: Revenue Sharing Model - The revenue sharing model for mobile single-player games involves various stakeholders, with telecom operators typically receiving 15%-40% of the information fee [4] - After deducting telecom operator shares and bad debts, SP service providers receive 10%-30% of the settlement amount, with bad debt rates ranging from 3%-10% [5] - Publishers receive 70%-90% of the settlement amount after deducting shares and bad debts, with bad debt rates also between 3%-10% [6] - Channel partners and developers have specific revenue sharing agreements, with percentages varying based on the settlement model [7][8]