It is worth noting that the company's original animated film " Submarine Mobilization : Alien Baby Plan" was released during the 2019 Children's Day schedule, with a box office of 24 million yuan. This film won the "Excellent Animation Video" of the 11th "Dynamic Golden Sheep" Excellent Works Support Plan and the "Copyright Works Award" of the 8th "Shenzhen Copyright Gold Award".
Global Digital Creativity will focus on "visual technology + IP + R&D", create a digital vision service ecosystem driven by technological innovation, drive the transformation and upgrading of traditional film and television business, and expand innovative businesses with IP digital development and operation as the main body.
turned losses into profits, and its first profit after listing
annual report shows that Global Digital Creative made a profit of HK$20.69 million in 2019, an increase of 114% year-on-year; achieved a net profit of HK$4.43 million, turning losses into profits; in 2019, the annual revenue was HK$96.771 million, a decrease of HK$10.871 million year-on-year, mainly due to the decrease in original project revenue of HK$11.66 million. However, the company's property leasing and property management services revenue is roughly the same as in 2018. In addition, the company's other revenue was HK$23.131 million and the government subsidy decreased by HK$5.272 million, which was the main reason for the company's other revenue to decrease by HK$6.121 million.
It is understood that Global Digital Creativity is a leading digital vision comprehensive operation group. It relies on cutting-edge computer digital vision technology to create animation, film and television content and IP theme content to create a new cultural business card for the city.
Source: Global Digital Creative Financial Report
The company's main business includes computer image creation and production, property leasing and management services. In Global Digital Creative's operating income in 2019, computer image creation and production contributed 39% of the revenue, and property leasing and management services earned 69% of the revenue.
In 2019, the sales and service costs of Global Digital Creative decreased by HK$22.179 million compared with the previous year, reaching HK$48.225 million. At the end of 2018, it was converted into a Shenzhen Building with an investment property listed at fair value. There was no need to make up for depreciation and amortization, saving the company HK$10.65 million. In addition, the cost of the original project in 2019 was only one original animated movie, and the sales cost of computer image creation and production also decreased.
In terms of expenses, due to the company's awareness of promoting the film market, the company's distribution and sales expenses in 2019 increased by HK$5.096 million compared with 2018, spending HK$9.648 million; employee costs, insurance costs and office operating costs decreased, and the company's administrative expenses decreased by HK$5.879 million to HK$35.406 million.
As of December 31, 2019, Global Digital Creative has cash and cash equivalents .27 billion yuan, and its financial situation is stable.
Original animated movies are very popular
Global Digital Creativity has always been committed to the cultural and creative industry. It not only undertakes animation OEM production projects, but its original animated movies are very popular in the film market. In addition to the original animated film "Submarine Mobilization: Alien Baby Plan" won a win-win box office and reputation, the TV cartoon "Soldier Shunliu" won multiple honors and awards such as "Best Animation Brand License" of the 11th "Dynamic Golden Sheep" Excellent Work Support Plan.
Global Digital Creative has a strong awareness of intellectual property protection. The Computer Image Creation and Production Branch completed three computer software works applications in 2019 and obtained a certificate from the China National Copyright Administration. The stories and images created by the branch were registered with trademarks to ensure that copyright was protected. The company said that it had completed the registration and obtained 137 certificates.
annual report shows that the computer image creation and production branch has begun to establish a production team of Foshan Digital Animation Industry Base to form a synergy effect with the Shenzhen base production team. In the future, it will cooperate with the development needs of the creation and production business and enhance the competitive advantage of the branch in the industry.
In fact, Global Digital’s creative property leasing and property management services are also one of the company’s profit focus. In 2019, Global Digital Building brought the group HK$58.86 million in revenue.
ESG report demonstrates a sense of corporate social responsibility
Global Digital Creativity not only has strict internal governance, but also has a strong sense of corporate social responsibility, contributing to the development of green digital technology.
In terms of environment, Global Digital Creative adopts a more environmentally friendly operation plan to reduce the impact of operation on the environment and natural resources. The company has built a low-carbon office, promoted green procurement, reduced the number of elevators in Global Digital Building (i.e. Shenzhen Building) on weekends, and reasonably arranged the operating time of elevator air conditioners; the company has also taken measures such as installing LED lights and replacing energy-saving and drainage equipment to reduce environmental pollution from all aspects.
Global Digital Creative focuses on the physical and mental health of employees and ensures the safety and health of their working environment; the company actively does its best to provide sufficient training programs for the sustainable development of employees, and provides necessary external training, etc.
Poverty alleviation, environmental protection education, culture and art are the focus of global digital creative charity projects. The company also brings a cultural and technological journey to children in poor mountainous areas. Combined with the group's original project IP Shunliu, it reproduces the Shunliu animation production process for young people, and improves their understanding of the cartoon production process... Global Digital Creativity has been fulfilling its corporate social responsibilities.
