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On May 13, or affected by the fact that the chairman of the board was put on file for investigation, the share price of Tianyu Division opened lower than the limit.
On the evening of May 12, Tianyu Mathematics announced that Xu Dewei, chairman and general manager of the company, had been placed on file for investigation and lien by the Ningxia Hui Autonomous region Supervisory Commission because he was suspected of violating the law in his joint duties. According to the contents of the announcement, the investigation is only aimed at Xu Dewei personally and has nothing to do with Tianyu Mathematical Company.
On the morning of May 13, with regard to the impact of the filing of the chairman of the Tianyu branch on the company, a reporter from the Daily Economic News called the secret office of the board of directors of the Tianyu branch, and the wiring staff told the reporter that the chairman's investigation had nothing to do with the company. As to whether there are any follow-up measures to boost the stock price, the other party said that the further announcement will prevail.
Less than a year after taking office, the chairman was put on file for investigation.
On the evening of May 12, Tianyu Division announced that on May 11, the company received the "filing notice" and "lien notice" from the Ningxia Hui Autonomous region Supervisory Commission. Xu Dewei, the company's chairman and general manager, was suspected of violating the law in his joint duties. Ningxia Hui Autonomous region Supervisory Commission put on file for investigation and implementation of lien.
Tianyu Department said in the announcement that this investigation is aimed at Xu Dewei's personal investigation and has nothing to do with the company. The company has a sound governance structure and internal control mechanism, as well as a mature and efficient management system. At present, the board of directors and the board of supervisors of the company are operating normally, and the control of the company has not changed. Other senior managers of the company perform their duties normally, and the production and operation of the company and its subsidiaries are in normal order.
In addition, the company's general manager's office has decided that he Han, the director and deputy general manager, will temporarily preside over the daily operation and management of the company, according to the Tianyu mathematics department. This matter will not have a significant impact on the daily production and operation of the company.
According to the 2023 annual report of Tianyu Mathematical Science, Xu Dewei has been the general manager of the company since October 8, 2019, and has been chairman of the company for less than a year since July 24, 2023.
Resume information shows that Xu Dewei was born in 1976, Chinese nationality, no right of abode abroad, bachelor's degree. He once served as the political Department Officer of the Yinchuan Municipal Detachment of the Armed Police, the Secretary of the General Office of the Yinchuan Municipal people's Government, the Deputy Director of the Yinchuan Financial work Bureau, the General Manager of Beijing Sky Star Private Equity Fund Management Co., Ltd., and the Executive Deputy General Manager of Yakite International Investment (Guangzhou) Co., Ltd.
Or affected by this, on May 13, the day entertainment division opened down the limit, as of press release report 3.160millionpowerball.75 yuan per share.
On May 13, with regard to the impact of the filing of the chairman of Tianyu Mathematical on the company, a reporter from the Daily Economic News called the Secret Office of Tianyu Mathematical, and the wiring staff told the reporter that the investigation of the chairman had nothing to do with the company. As to whether there are any follow-up measures to boost the stock price, the other party said that the further announcement will prevail.
Loss of more than 1 billion yuan in 2023
In 2023, Tianyu Mathematical Division achieved an operating income of 1.761 billion yuan, an increase of 1.07% over the same period last year, and a net profit loss of 1.087 billion yuan, compared with a loss of 283 million yuan in the same period last year.
As for the reasons for the loss, Tianyu Division said in the performance forecast that the main reason for the negative net profit of the company belonging to the shareholders of listed companies in 2023 is that the operating performance of some participating companies that are not within the scope of the company's consolidated statements declined significantly during the reporting period, and the company intends to make provision for impairment of long-term equity investment for some participating companies, which will adversely affect the company's net profit.
In 2021, Tianyu started its business transformation. In February 2022, God Entertainment announced that its securities had changed from "God Entertainment" to "Heavenly Entertainment Division", accelerating the transformation to meta-universe and digital economy. Compared with 2019 and 2023 before the transformation, the revenue share of Tianyu digital game business dropped from 53.83% to 1.42%.
From a product point of view, in the company's main business in 2023, the revenue of digital effect traffic was 1.531 billion yuan, an increase of 1.93% over the same period last year, accounting for 86.91% of business income; the revenue of brand content flow was 142 million yuan, down 23.15% from the same period last year, accounting for 8.07% of business income; the revenue of digital competitive platform was 27 million yuan, an increase of 7.19% over the same period last year, accounting for 1.51% of business income.
In terms of gross profit margin, in 2023, the company's gross profit margin was 22.04%, up 5.29 percentage points from the same period last year. In terms of products, the gross profit margins of digital effect traffic, brand content flow and digital competitive platform in 2023 are 20.08%, 13.91% and 85.92%, respectively.
Judging from the 2023 annual report, Tianyu Division has completely shifted its business focus to digitization and artificial intelligence. Tianyu Mathematical Division said in its annual report that the company takes digital technology as the cornerstone, digital park as the carrier, digital marketing as the starting point, and combines "data elements ×" with "artificial intelligence +" to form a complete link of "aggregation-circulation-application" of data elements, making use of cutting-edge technologies such as artificial intelligence model and meta-universe.160millionpowerball"MetaSurfing- Yuan enjoys intelligent cloud platform", "Rubik's cube mix intelligent marketing cloud platform" and other digital platforms.
In response to investors' questions on the investor interactive platform on April 15, Tianyu Digital said that the company had connected to Kimi for testing, and that the current application of relevant technology had not had a significant impact on the company's financial position and operating results.
In this regard, the above-mentioned Dong Secret Office staff told the Daily Economic News that the company's subsidiary Yuanjing Technology, which focuses on virtual digital human, has completed its access. As for the impact of the business on the future performance of the company, it said that the virtual digital human itself has a large investment, and it is temporarily impossible to predict the subsequent impact on the business during the steady operation of the business.