Tom(SZ:300459)2024-04-30 13:52Product Development and Innovation - The company has prepared multiple new game products, including "My Hank Dog: Island," "Jin Jie Cat's Enlightenment Paradise," and "Tom Cat Adventure Park" [2][3][8] - AI product development is ongoing, with a focus on applications such as "Talking Ben AI" and "Tom Cat AI Storytelling" [3][9][10] - The company is expanding AI applications into education, smart hardware, and smart home scenarios [3][10][21] Financial Performance and Challenges - The company faced a decline in revenue due to external economic factors, including a slowdown in the global advertising market and changes in Google's advertising bidding mechanism [5][19][10] - In 2023, the company recorded a credit impairment and asset impairment provision totaling approximately ¥1.01 billion [19] - The company aims to stabilize online business growth and accelerate offline business layout to improve financial performance [19][10] Strategic Initiatives - The company is focusing on enhancing in-app purchase revenue and expanding advertising SDK access to diversify income sources [3][8][21] - Plans to develop a centralized computing center in Gansu to support AI business operations are underway [4][11] - The company is actively pursuing the establishment of offline parent-child amusement parks in lower-tier cities and expanding overseas markets [3][10][21] Shareholder Concerns and Company Response - The company acknowledges the impact of macroeconomic conditions on stock prices and is committed to long-term value creation for investors [5][15][30] - There are ongoing discussions regarding potential equity financing to support business growth and innovation [23][39] - The company reassures investors that operational cash flow is sufficient to meet current business needs [24][25] Future Outlook - The company is optimistic about its ability to achieve sustainable high-quality development despite current challenges [10][30] - Continuous investment in R&D and innovation is emphasized as a key strategy for future growth [10][30][32] - The company plans to keep shareholders informed about product launches and business developments through official channels [12][13][16]