Operator Finance Network Zhu Xinyu/Wen
Not long ago, Tianyu Digital Science and Technology Co., Ltd. disclosed its annual report for 2023, and the range of loss expanded. The net profit loss attributable to the parent company exceeded 1 billion, 800 million more than the loss in the same period last year. However, it is noteworthy that compared with the aggravation of the company's net profit loss, Chairman Xu Dewei raised his salary by more than 400000.
According to the annual report, the annual operating revenue of Tianyu Digital Science and Technology Co., Ltd. last year was 1.761 billion yuan, a slight increase of 1.07% year on year; However, the net profit attributable to the shareholders of the listed company continued to suffer losses, down 284.95% year on year, with a specific loss of 1.087 billion yuan; The net profit attributable to shareholders of the listed company after deducting non recurring profit and loss also decreased by 241.09% year on year, with a loss of more than 1.014 billion yuan.
In 2022, the adjusted net profit attributable to the parent company of Tianyu Digital Science and Technology Co., Ltd. will lose 282 million yuan, and the loss will increase by more than 800 million yuan in just one year. What's going on here?
Tianyu Digital Science and Technology said that the main reason was that the operating performance of some joint-stock companies that were not within the scope of the company's consolidated statements declined significantly during the reporting period, and the company planned to make provision for long-term equity investment impairment of some joint-stock companies, which would affect the company's book profits. Among them, there are mainly two joint-stock companies with large amount of impairment, DotC United Inc. (DotC), which is engaged in advertising agency and launch business, and Jiaxing Leplay Network Technology Co., Ltd., a national chess and card leisure game platform.
Affected by factors such as fluctuations in overseas markets and intensified competition, DotC's business has continued to shrink in recent years. At the same time, the company's new project operations in 2023 have failed to meet expectations, leading to a sharp decline in revenue and profits. Therefore, Tianyu Digital Science and Technology Co., Ltd. plans to withdraw long-term equity investment depreciation reserves for its 33.71% equity of the company.
In 2023, Jiaxing LePlay's income and profit will decline due to the intensification of market competition and cooperation with public security organs in investigation. Due to the cooperation in investigation, some computer equipment was detained by the public security organ, which led to the reduction of business operation efficiency, and there was uncertainty about whether the future business ability could be restored. Therefore, Tianyu Digital Science intended to withdraw the provision for impairment of long-term equity investment on the 42% equity of Jiaxing Leplay.
In addition, Tianyu Digital Science previously said in the performance forecast that the impact of non recurring profit and loss on net profit was estimated to be about - 120 million yuan, mainly due to the civil litigation of "securities misrepresentation liability dispute" during the reporting period.
It is worth mentioning that the net profit loss of the company has intensified, but the annual salary of Chairman and General Manager Xu Dewei has increased from 10051 in 2022 to 1411400, with a salary increase of 406300 yuan.
Previously, Xu Dewei served as the general manager of Tianyu Digital Science and Technology Co., Ltd., and took over Shen Zhonghua as the new chairman on July 24 last year. However, he has not changed the situation of the company's losses since he took office. How to change it in the future? The operator Caijing will wait and see.
