37 Interactive Entertainment 2023 Annual Report Summary

Key insights

6 takeaways

01
Operating revenue rose 0.86% to RMB 16,546,871,737.85, while net profit attributable to shareholders fell 10.01%.See it on page 5
02
Mobile games accounted for 96.09% of 2023 operating revenue, at RMB 15,898,475,091.13.See it on page 17
03
Overseas revenue declined 3.11% to RMB 5,807,374,376.39, while domestic revenue rose 3.14%.See it on page 17
04
R&D investments fell 21.13% to RMB 713,563,181.73, which the company attributed to optimising its development structure.See it on page 20
05
The CSRC filed a case against the company and two executives over suspected information disclosure violations, and the investigation was ongoing at the auditor's report date.See it on page 63
06
Net cash flow from operating activities decreased 11.53% to RMB 3,147,037,336.46.See it on page 74

Summary

37 Interactive Entertainment Network Technology Group Co., Ltd., a Shenzhen-listed (stock code 002555) online game developer and publisher based in Wuhu, Anhui, published its 2023 annual report summary in April 2024, covering the year to 31 December 2023 with consolidated figures prepared under China's Accounting Standards for Business Enterprises. Operating revenue was RMB 16,546,871,737.85, up 0.86% year on year, while net profit attributable to shareholders fell 10.01% to RMB 2,658,570,193.44. Mobile games generated RMB 15,898,475,091.13, or 96.09% of operating revenue, and overseas operating segment revenue was RMB 5,807,374,376.39, down 3.11%. The company reported domestic revenue of RMB 10,739,497,361.46, up 3.14%. Research and development expenses fell 21.13% to RMB 713,563,181.73. The report also notes that the China Securities Regulatory Commission opened a case in June 2023 over suspected information disclosure violations, with the investigation still ongoing at the time of the auditor's report. Operating cash flow was RMB 3,147,037,336.46, down 11.53%.