37 Interactive Entertainment 2020 Annual Report Summary

Key insights

6 takeaways

01
Overseas operating revenue reached RMB2,142,817,444.16 in 2020, up 104.34% from the prior year.See it on page 21
02
The Company's R&D investments amounted to RMB1,112,654,352.49 in 2020, up 36.66% year over year.See it on page 25
03
Net profit attributable to the Listed Company's shareholders rose 30.56% to RMB2,760,951,475.22 in 2020.See it on page 6
04
Mobile game revenue was RMB13,295,895,373.41 in 2020, accounting for 92.33% of operating revenue.See it on page 21
05
Browser game operating revenue declined 12.34% to RMB1,079,617,086.01, which the report attributes partly to users shifting to mobile phones.See it on page 19
06
Net cash flows from operating activities were RMB2,927,937,304.65, down 10.12% from the prior year.See it on page 86

Summary

Wuhu 37 Interactive Entertainment Network Technology Group Co., Ltd., a Shenzhen Stock Exchange-listed company (stock code 002555), published its 2020 annual report summary in April 2021. The report covers the reporting period from 1 January 2020 to 31 December 2020 and is based on financial statements audited by Huaxing Certified Public Accountants LLP under China's Accounting Standards for Business Enterprises. The Company's main businesses are the development, publishing and operation of mobile and browser games.

For 2020 the Company reported operating revenue of RMB14,399,703,084.56, up 8.86% year over year, and net profit attributable to listed company shareholders of RMB2,760,951,475.22, up 30.56%. Mobile game revenue was RMB13,295,895,373.41 (up 10.90%) and browser game revenue was RMB1,079,617,086.01 (down 12.34%). Overseas revenue rose 104.34% to RMB2,142,817,444.16.

R&D investment reached RMB1,112,654,352.49, up 36.66% year over year, and the number of R&D personnel rose to 2,343 from 1,582.