Lei Di Network Lei Jianping May 3rd
Douyu submitted a 20-F document to the US SEC a few days ago. The document shows that as of March 31, 2022, Tencent holds 37.7% of the shares, and Douyu founder and CEO Chen Shaojie holds 17% of the shares.
Douyu shareholding structure as of February 18, 2023
At present, Chao Cheng is the COO of Douyu, and Mingming Su is the chief strategy officer.
As of March 31, 2022, Tencent holds 38% of the shares, and Chen Shaojie holds 16.9% of the shares.
Douyu shareholding structure as of March 31, 2022
On the whole, in the past year of Douyu, Chen Shaojie’s shareholding has increased, and the shareholding ratio has increased by 0.1 percentage points; Tencent’s shareholding has decreased by 0.3 percentage points.
The biggest disturbance that Douyu will encounter in 2021 is that the General Administration of Market Supervision prohibits Huya from merging with Douyu, saying that after review, the General Administration of Market Supervision has decided to prohibit this concentration of operators.
The State Administration for Market Regulation believes that this concentration has or may have the effect of eliminating or restricting competition in the game live broadcast market and online game operation service market in China.
Coupled with the retreat of the game live broadcast industry and the impact of the epidemic, Douyu’s performance has declined a bit in the past two years.
The financial report shows that Douyu’s revenue in 2020, 2021, and 2022 will be 9.6 billion yuan, 9.165 billion yuan, and 7.108 billion yuan (about 1.03 billion U.S. dollars) respectively; gross profits will be 1.56 billion yuan, 1.09 billion yuan, and 990 million yuan ( about $144 million).
Douyu’s net profits in 2020, 2021, and 2022 will be 405 million, -620 million, and -90.4 million (approximately US$13.1 million); the adjusted profits will be 542 million yuan, -440 million yuan, and -7.6 million yuan, respectively.
Douyu’s net profit in the fourth quarter of 2022 was 41.8 million yuan, compared with a net loss of 193.2 million yuan in the same period in 2021. Not in accordance with US General Accounting Standards (Non-GAAP), the adjusted net loss was 4.3 million yuan, compared with a net loss of 150.7 million yuan in the same period in 2021.
As of December 31, 2022, Douyu had cash and cash equivalents, restricted cash, short-term and long-term bank deposits of 6.8 billion, and as of December 31, 2021, it was 6.6435 billion yuan.
———————————————
Lei Di was founded by Lei Jianping, a media person. If you reprint, please indicate the source.
