37 Interactive Entertainment 2023 Annual Report

Key insights

7 takeaways

01
Mobile games generated 15,898,475,091.13 yuan of 2023 revenue, 96.09% of the total.See it on page 18
02
Consolidated net profit attributable to shareholders of the listed company fell 10.01% year on year to 2,658,570,193.44 yuan.See it on page 9
03
Overseas revenue was 5,807,374,376.39 yuan, 35.10% of total 2023 revenue, down 3.11% year on year.See it on page 18
04
The company's full-year 2023 profit distribution plan was RMB 3.70 cash dividend per 10 shares, totalling 820,609,783.97 yuan.See it on page 49
05
The China Securities Regulatory Commission opened an investigation into the company on 27 June 2023 over suspected information disclosure violations, and no conclusion had been received by the report date.See it on page 56
06
The company stated that its generative AI technology was mature in applications including 2D drawing, intelligent customer service and localization translation.See it on page 16
07
Sales expenses were 9,090,808,791.22 yuan, of which internet traffic fees were 8,466,012,880.13 yuan.See it on page 148

Summary

This is the 2023 annual report of 37 Interactive Entertainment Network Technology Group Co., Ltd. (Shenzhen Stock Exchange code 002555), covering the period from 1 January to 31 December 2023. It describes the company's mobile and web game research, publishing and operations business, its market environment in China and overseas, its financial statements, governance, and risk disclosures. Operating revenue for 2023 was 16,546,871,737.85 yuan, up 0.86% year on year, with mobile games accounting for 96.09% of revenue. Net profit attributable to shareholders of the listed company was 2,658,570,193.44 yuan, down 10.01%. Overseas revenue was 5,807,374,376.39 yuan, 35.10% of the total. The auditor, Huaxing Certified Public Accountants, issued an unqualified opinion with an emphasis-of-matter paragraph relating to a China Securities Regulatory Commission investigation launched in June 2023 for suspected information disclosure violations, which had not concluded at the report date. The company reported 3,447 employees at the end of the period.