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In 2020, the annual net revenue is 10.914.4 billion yuan, and the net profit is 884.2 million yuan From Huya financial report

The following is the In 2020, the annual net revenue is 10.914.4 billion yuan, and the net profit is 884.2 million yuan From Huya financial report recommended by recordtrend.com. And this article belongs to the classification: Industry information.

Beijing time on the afternoon of March 23 news, tiger teeth live( NYSE:HUYA )The fourth quarter and full year results for 2020 as of December 31 were released today. In the fourth quarter, Huya’s total net revenue was 2.993 billion yuan (about 458.3 million US dollars), up 21.2% from 2.467.5 billion yuan in the same period of 2019. The net profit attributable to Huya was 253.2 million yuan (about 38.8 million US dollars), an increase of 58.6% compared with 159.7 million yuan in the same period of 2019. Under non GAAP, the net profit attributable to Huya was RMB 305.9 million (about US $46.9 million), an increase of 26.5% compared with RMB 241.9 million in the same period of 2019.

In 2020, the total net revenue of Huya was RMB 10.914.4 billion (about US $1.672.7 billion), an increase of 30.3% compared with RMB 8.374.5 billion in 2019. The net profit attributable to Huya was 884.2 million yuan (about 135.5 million US dollars), an increase of 88.9% compared with 468.2 million yuan in 2019. Under non GAAP, the net profit attributable to Huya was RMB 1261.5 million (about US $193.3 million), an increase of 68.2% compared with RMB 749.9 million in 2019.

Summary of fourth quarter results:

The total net revenue was RMB 2990.3 million (about US $458.3 million), an increase of 21.2% compared with RMB 2467.5 million in the same period of 2019.

The net profit attributable to Huya was 253.2 million yuan (about 38.8 million US dollars), an increase of 58.6% compared with 159.7 million yuan in the same period of 2019.

Under non GAAP, the net profit attributable to Huya was RMB 305.9 million (about US $46.9 million), an increase of 26.5% compared with RMB 241.9 million in the same period of 2019.

The average Mau of mobile terminal in the fourth quarter of 2020 is 79.5 million, an increase of 29.1% compared with 61.6 million in the same period of 2019.

The average Mau in the fourth quarter of 2020 is 178.5 million, up 18.8% from 150.2 million in the same period of 2019.

The number of paid users in the fourth quarter of 2020 was 6 million, an increase of 17.6% compared with 5.1 million in the same period of 2019.

Fourth quarter performance analysis:

The total net revenue was RMB 2990.3 million (about US $458.3 million), an increase of 21.2% compared with RMB 2467.5 million in the same period of 2019.

Among them, the revenue of live broadcast service was 2.8149 billion yuan (about 431.4 million US dollars), an increase of 20.0% compared with 2.3461 billion yuan in the same period of 2019.

Advertising and other revenue was 175.5 million yuan (about 26.9 million US dollars), an increase of 44.6% compared with 121.3 million yuan in the same period of 2019.

Revenue cost was RMB 2392.7 million (about US $366.7 million), an increase of 19.6% compared with RMB 2.009 billion in the same period of 2019, mainly due to the increase of revenue sharing fee and content cost.

Revenue sharing fees and content costs were 2.044.6 billion yuan (about US $313.3 million), 29.8% compared with 1.575.1 billion yuan in the same period of 2019.

Bandwidth cost was 166.7 million yuan (about 25.5 million US dollars), down 26.1% compared with 225.6 million yuan in the same period of 2019.

Gross profit was 597.7 million yuan (about 91.6 million US dollars), an increase of 28.1% compared with 466.6 million yuan in the same period of 2019. The gross profit margin was 20.0%, compared with 18.9% in the same period last year.

R & D expenditure was 215.7 million yuan (about US $33.1 million), an increase of 21.0% compared with 178.3 million yuan in the same period of 2019.

Sales and marketing expenses were 193.1 million yuan (about 29.6 million US dollars), up 63.2% compared with 118.3 million yuan in the same period of 2019.

General and administrative expenses were 96.1 million yuan (about 14.7 million US dollars), down 0.3% compared with 96.4 million yuan in the same period of 2019.

The operating profit was RMB 187.4 million (about US $28.7 million), an increase of 84.4% compared with RMB 110.6 million in the same period of 2019. Operating profit margin was 6.3%, compared with 4.1% in the same period last year.

The adjusted operating profit is 269.3 million yuan (about 41.3 million US dollars), which is 46.5% higher than 183.8 million yuan in the same period of 2019. Operating profit margin was 9.0%, compared with 7.4% in the same period last year.

Income tax expenditure was 37.3 million yuan (about 5.7 million US dollars), an increase of 35.1% compared with 27.6 million yuan in the same period of 2019.

The net profit attributable to Huya was 253.2 million yuan (about 38.8 million US dollars), an increase of 58.6% compared with 159.7 million yuan in the same period of 2019.

Under non GAAP, the net profit attributable to Huya was RMB 305.9 million (about US $46.9 million), an increase of 26.5% compared with RMB 241.9 million in the same period of 2019.

Diluted net income per American Depository Share was 1.05 yuan (US $0.16), up from 0.68 yuan a year earlier.

Not in accordance with U.S. GAAP, the adjusted diluted earnings per ads was 1.27 yuan (about $0.19), compared with 1.02 yuan in the same period of last year.

As of December 31, 2020, the total amount of cash, cash equivalents, short-term deposits and short-term investments held by Huya was 10.474.9 billion yuan (about US $1.605.3 billion), compared with 10.798.3 billion yuan as of September 30, 2020.

Annual performance in 2020:

The total net revenue was 10.914.4 billion yuan (about 1.672.7 billion US dollars), an increase of 30.3% compared with 8.374.5 billion yuan in 2019.

Among them, the revenue of live broadcasting service was 10.3116 billion yuan (about US $1580.3 million), an increase of 29.3% compared with 7.976.2 billion yuan in 2019.

Advertising and other revenue was 602.8 million yuan (about 92.4 million US dollars), up 51.3% from 398.3 million yuan in 2019.

The cost of revenue was RMB 8.646.3 billion (about US $1.325.1 billion), an increase of 25.4% compared with RMB 6.892.6 billion in 2019.

Revenue sharing fees and content costs were 7.086 billion yuan (about 1.086 billion US dollars), 27.6% compared with 5.552.7 billion yuan in 2019.

The bandwidth cost is 879.2 million yuan (about 134.7 million US dollars), an increase of 9.8% compared with 808.8 million yuan in 2019.

The gross profit was RMB 2.2681 billion (about US $347.6 million), an increase of 53.0% compared with RMB 1.4819 billion in 2019. The gross profit margin was 20.8%, compared with 17.7% in the same period last year.

R & D expenditure was RMB 734.3 million (about US $112.5 million), an increase of 44.3% compared with RMB 508.7 million in 2019.

Sales and marketing expenses were 558 million yuan (about 85.5 million US dollars), an increase of 27.3% compared with 438.4 million yuan in 2019.

General and administrative expenses amounted to 445 million yuan (about 68.2 million US dollars), an increase of 26.1% compared with 352.8 million yuan in 2019.

The operating profit was 725 million yuan (about 111 million US dollars), an increase of 177.4% compared with 261.4 million yuan in 2019. Operating profit margin was 6.6%, compared with 3.1% in the same period last year.

The adjusted operating profit is RMB 1133.2 million (about US $173.7 million), which is 108.6% higher than that of RMB 543.1 million in 2019. The operating profit margin was 10.4%, compared with 6.5% in the same period last year.

Income tax expenditure was RMB 176.8 million (about US $7.5 million), an increase of 84.0% compared with RMB 96.1 million in 2019.

The net profit attributable to Huya was 884.2 million yuan (about 135.5 million US dollars), an increase of 88.9% compared with 468.2 million yuan in 2019.

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Under non GAAP, the net profit attributable to Huya was RMB 1261.5 million (about US $193.3 million), an increase of 68.2% compared with RMB 749.9 million in 2019.

Diluted net income per American Depository Share (ads) was 3.71 yuan (US $0.57), compared with 2.02 yuan in 2019.

The adjusted diluted earnings per ads is 5.29 yuan (about US $0.81), compared with 3.23 yuan in the same period last year. More reading: Huya financial report: in 2020, the net profit of Q2 Huya was 49.7 million US dollars, with a year-on-year increase of 106.0%. Huya financial report diagram: in 2018, the net profit of Q4 Huya was 99.6 million yuan, with a year-on-year increase of 1900.4%. Huya financial report: in 2019, the revenue of Q4 Huya was 2.467 billion yuan, with a year-on-year increase of 64%. Huya financial report: in 2018, the net profit of Q1 Huya was 5 million US dollars, with a year-on-year increase of 49.7 million US dollars Year on year growth of 106.0% Huya: 1q20 financial report teleconference minutes will launch e-commerce live broadcasting business, overseas will try subscription, advertising and other business models questmobile: 2020 China Mobile live broadcasting industry “war epidemic” special report Huya: 4q19 users grow by 29% to 150 million year on year, overseas users are still expected to grow by 50%, Huya will go to the next city nimo TV becomes Brazil’s first hand travel live platform Huya: the net profit of 3q20 is US $37.3 million, with a year-on-year growth of 105.3%. Huya: financial report teleconference record of 3q19 continues to focus on revenue growth rather than profit. CCFA: in 2019, China’s top 100 Lepu medical new coronavirus antibody colloidal gold detection kit, infrared thermometer and other products have been supplied to demand Gen in dozens of countries : manufacturers expand digital conversion to sales and marketing reports A large number of famous enterprises will gather at the 10th robot industry conference

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