Turn losses into profits Genimous Technology Co.Ltd(000676) 2021 net profit of 130 million yuan, steady improvement of core business

On April 29, Genimous Technology Co.Ltd(000676) held the 2021 annual performance presentation online, where the company’s executives communicated with investors “face to face”. At the meeting, the senior management team introduced the company’s production and operation in 2021 and future plans to investors, conducted in-depth exchanges on issues of concern to investors, and responded to investors’ concerns.

At the exchange meeting, general manager Chen Zhifeng introduced the business situation of the company, Genimous Technology Co.Ltd(000676) based on the technical precipitation in the fields of Internet search, big data, AI, IOT, blockchain and so on, is committed to developing and providing high-quality Internet products and services. At present, the company’s main business is Internet media and digital marketing business, and develops new retail, private brand, district chain and meta universe related businesses. In 2021, there was no major change in the company’s main business, and all business segments developed in coordination.

During the reporting period, the total operating revenue was 5.84 billion yuan in 2021; The net profit attributable to the parent company was 130 million yuan, turning losses into profits year-on-year; The gross operating profit was 733 million yuan, an increase of 263 million yuan or 55.92% over the same period last year; The gross profit margin was 12.54%, up 8.18 percentage points from 4.36% in the same period last year.

The relevant person in charge of the company said that during the reporting period, the company optimized the business structure, contracted the effective marketing and information flow business with low gross profit margin in the digital marketing business, focused more on core brand customers and high-quality customers, actively expanded the market, and the gross profit rate of digital marketing business was improved.

With regard to the reasons for the performance growth, Chen Zhifeng said that in 2021, with the improvement of the epidemic in China and the gradual recovery of advertising demand from brand customers, the company further optimized its business structure and continued to improve its business. Focusing on the strategic arrangement of the board of directors, the management of the company has consolidated the basic sector of the Internet media and digital marketing business of the first curve, worked hard to develop the new retail and private acoustic brand business of the second curve, brought a new engine for the future performance growth of the company, promoted the implementation of the blockchain technology and application scenarios of the third curve, steadily carried out various operation and management work, actively optimized the allocation of resources and improved the core competitiveness Business ability and comprehensive strength.

It is worth mentioning that the company actively promotes international business and adheres to the globalization strategy. The company takes SPE + PM company as the core platform for overseas business development. Through rich overseas liquidity experience, user base, product matrix and competitive big data, algorithm and blockchain technology experience, the company cooperates with businesses at home and abroad, gives full play to the advantages of all parties, improves the quality of traffic operation platform and commercial liquidity efficiency, and promotes the global development of the company’s business. In the current situation of limited offline activities, the number of active Internet users worldwide has increased significantly, and the migration to mobile terminals has accelerated.

As the business form of the company is online economy, all income comes from Internet related income, which is less affected by the epidemic than the real economy. In 2021, the company gave full play to the advantages of all parties to balance the impact of the epidemic at home and abroad. The development trend of Internet media business is good. The company adheres to the global development model and promotes the coordinated development of business at home and abroad.

The above person in charge said that in 2022, we will actively optimize the Internet media product matrix and enrich diversified business production lines; Enhance the competitive advantage in the field of digital marketing and promote the transformation of brand customer sales effect; Accelerate the incubation of self owned acoustic brand business; Actively expand yuanuniverse business and improve the profitability of the company.

(edited by he fan)

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