HXDF(SZ:300081)2022-11-22 03:08Group 1: Company Overview and Financial Performance - The company faced significant challenges in 2020 due to the COVID-19 pandemic, resulting in a decline in revenue and net profit compared to the previous year [3][5] - Internet video application products and services saw a year-on-year increase of 14.71%, primarily driven by growth in terminal sales from projects like Tianyi Smart Home [3] - The company reported a 29% increase in operating expense ratio, which negatively impacted performance [6] Group 2: Business Strategy and Future Outlook - The company aims to enhance its core business capabilities in the digital creative industry to support long-term sustainable operations [5][6] - Future projects in the LBE (Location-Based Entertainment) sector are anticipated, with specific details to be disclosed in the annual report [4] - The company is focused on expanding its VR and CG content production capabilities, leveraging its technological advantages and IP resources [4][7] Group 3: Investor Relations and Market Position - The company emphasizes the importance of investor relations management and actively engages with various investors to communicate its strategic direction [3][4] - The company has established partnerships with major telecom operators like China Mobile and China Unicom in the family monitoring camera business [6] - The company is exploring opportunities for mergers and acquisitions based on strategic development plans and market conditions [8][9] Group 4: Challenges and Risks - The company acknowledges that its revenue and net profit have been unstable since its listing, partly due to industry characteristics and increased market competition [5] - The user growth rate for the AI Family platform slowed in 2020 compared to 2019, primarily due to the impact of the pandemic on B-end partnerships with kindergartens [8][9]