The company's corporate governance has achieved fruitful results, and the revenue of Kaiying Network in 2021 will increase by 53.92% to 2.375 billion yuan.

　　On April 28, Yingying Network (002517.SZ) disclosed its 2021 annual report and 2022 first quarter report.

According to the announcement, in 2021, Yingying Network achieved operating income of 2.375 billion yuan, a year-on-year increase of 53.92%; net profit attributable to the parent was 577 million yuan, a year-on-year increase of 224.14%.

In the first quarter of 2022, the company continued its good growth trend again, achieving a year-on-year increase of 129.73% in operating income to 1.029 billion yuan, and net profit attributable to the parent increased by 66.66% year-on-year to 248 million yuan.

　　Industry insiders pointed out that 2021 is of great significance to Yingying Network as the year when the fourth board of directors closes and the next board of directors connects the previous and the next.

On the one hand, the company focused on the "troika" strategy and achieved results, reflecting the management's strong strategic planning ability and self-strategic realization ability; Achieving long-term growth builds internal drive.

　　From the perspective of product performance, the company's games all have excellent long-term performance. The original games such as "Original Legend", "Legend of Kings", and "Highly Skilled Team" will continue to contribute relatively stable income and profits in 2021.

In addition, the company's newly launched "Blood Strike", "The Legend of the Demon Heroes", "Zero Frontier" and other games performed well. Among them, "The Legend of the Demon Hero" won the first place in the iOS game free list, the seventh best-selling game, and the The second-class result in the best-selling brand list; the first day of the launch of "Zero Frontier" achieved the excellent performance of the first place in the iOS game free list.

　　In terms of game reserves, Kaiying Network has further expanded its product line around strategic investment layout and IP empowerment.

It is reported that the company will continue to launch new products in addition to heavy IP such as legends and miracles, as well as the light IP product "The Legend of Sword and Fairy - New Beginning", and the literary and comic IP products "Dragon God Eight Parts". "Journey to the West", "Eternal Dragon Slayer", original IP product "Yokai 2", etc.

It is expected that with the support of various IPs, the company's future new product launches will continue the trend of high growth and continue to increase the company's performance.

　　In addition to making breakthroughs in focusing on the main game business, Yingying Network has continuously improved its corporate governance in recent years, providing an important internal driving force for long-term development.

Especially since the fourth session of the board of directors of the company took office, the company has overcome many difficulties in terms of corporate governance, successively assisting the company in resolving pledge risks, mediating shareholder disputes, cooperating with public security organs and securities regulators in investigations, implementing employee equity incentives, and taking various measures to boost the company's operating performance. Continuously clear up litigation disputes, optimize historical investment by stripping non-performing assets, and digest historical goodwill.

　　Taking employee incentives as an example, in August 2021, Yingying Network completed the allocation plan for the reserved options of the 2020 equity incentive plan. The incentive objects are the core personnel of the company's R&D, distribution and other business ports, and further maintain the stability of the core business team. sex.

In addition, the equity structure of Yingying Network is also constantly improving, and the risk factors that hinder long-term development are gradually being cleared.

In December 2021, the first-instance judgment of the court rejected Legend IP's application for requiring Shanghai Kaiying to assume joint and several liability for compensation, and the dispute between the company and Legend IP was gradually resolved.

　　Thanks to Yingying Network's continuous clearing of the haze of development and refocusing on its main business, the company has regained positive attention from the capital market, including Haitong Securities, Shanghai Securities, New Era Securities and many other institutions. Overweight" rating.

It is worth mentioning that as Metaverse-related industries gradually become the focus of market attention, Yingying Network actively explores the field of Metaverse by investing in Dapeng VR, a top 50 VR company in China.