37 Interactive Entertainment 2020 Annual Report

Key insights

5 takeaways

01
Overseas revenue grew 104.34% year on year to 2,142,817,444.16 yuan, which the company attributed to a change in its overseas operating structure.See it on page 14
02
Mobile games generated 13,295,895,373.41 yuan of revenue in 2020, 92.33% of the total, while web games fell 12.34% to 1,079,617,086.01 yuan.See it on page 16
03
Sales expenses reached 8,212,936,504.81 yuan, up 6.15%, with the company citing increased internet traffic spending to acquire users for newly launched or promoted games.See it on page 19
04
R&D investment rose 36.66% to 1,112,654,352.49 yuan, equal to 7.73% of operating revenue, and R&D staff reached 2,343 people.See it on page 20
05
The company proposed a cash dividend of 2 yuan per 10 shares, totalling 443,572,856.20 yuan, based on 2,217,864,281 shares.See it on page 2

Summary

This is the 2020 annual report of 37 Interactive Entertainment (Wuhu Sanqi Interactive Entertainment Network Technology Group Co., Ltd., Shenzhen Stock Exchange code 002555), covering the period 1 January to 31 December 2020, with financial statements audited by Huaxing Certified Public Accountants. The company's core business is the research, publishing and operation of mobile and web games, alongside investments in film, music, animation, VR/AR, online education and esports. For 2020 the company reported operating revenue of 14,399,703,084.56 yuan, up 8.86%, and net profit attributable to shareholders of 2,760,951,475.22 yuan, up 30.56%. Mobile game revenue was 13,295,895,373.41 yuan, or 92.33% of total revenue. Overseas revenue rose 104.34% to 2,142,817,444.16 yuan, and R&D expenses reached 1,112,654,352.49 yuan, up 35.63%. The company proposed a cash dividend of 2 yuan per 10 shares.

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