37 Interactive Entertainment 2021 Annual Report Summary

Key insights

7 takeaways

01
Operating revenue grew 12.62% to RMB16.216 billion, while net profit attributable to shareholders grew 4.15% to RMB2.876 billion.See it on page 7
02
Overseas game revenue rose 122.94% to RMB4.777 billion, reaching 29.46% of operating revenue.See it on page 24
03
Browser game revenue fell 23.17% to RMB829 million, which the company attributes to users shifting to mobile phones and fewer browser game products.See it on page 21
04
The Notice limits minors to one hour of online game play from 20:00 to 21:00 on Fridays, Saturdays, Sundays and statutory holidays.See it on page 12
05
R&D investment rose 12.37% to RMB1.25 billion, equal to 7.71% of operating revenue.See it on page 15
06
Puzzles & Survival had cumulative gross billing exceeding RMB 2.50 billion as at December 2021, according to the company.See it on page 18
07
Net cash flow from operating activities rose 24.96% to RMB3.659 billion, against net profit of RMB2.850 billion before minority interests.See it on page 112

Summary

37 Interactive Entertainment Network Technology Group Co., Ltd., a Shenzhen Stock Exchange-listed Chinese game company, published its 2021 annual report summary in April 2022, covering the period from 1 January to 31 December 2021. The audited consolidated figures show operating revenue of RMB16,216,498,239.02, up 12.62% year over year, and net profit attributable to shareholders of RMB2,875,575,877.62, up 4.15%. Mobile games generated RMB15,363,931,421.93 of revenue, representing 94.74% of operating revenue, while browser games fell 23.17% to RMB829,434,830.89. Overseas revenue rose 122.94% to RMB4,777,113,958.51, which the company describes as the new growth engine of the Company. R&D investment reached RMB1,250,238,810.24, or 7.71% of operating revenue. The report also covers new anti-addiction rules for minors issued by the National Press and Publication Administration on 30 August 2021, which limit minors' online game time to one hour on Fridays, Saturdays, Sundays and statutory holidays between 20:00 and 21:00. Net cash flow from operating activities was RMB3,658,748,941.03, up 24.96%.