Cash flow from operating activities turned positive to US$152.9 million from a negative cash flow of US$38.5 million the year before, which Razer attributes to operating profits, efficient working capital management and cash discipline. As at Dec 31, 2020, cash balance stood at over US$600 million with no debt. Min-Liang Tan, co-founder and CEO of Razer, says that 2020 marked an inflection point for the group. “Despite the global market uncertainty caused by the Covid-19 pandemic, Razer crossed the US$1 billion revenue milestone and turned profitable on a GAAP basis, ahead of all expectations,” he says. Tan also highlighted Razer’s Environmental, Social and Corporate Governance (ESG) initiative. “We are not just fully compliant with the ESG standards set out by the Hong Kong Stock Exchange but have gone above and beyond to outline how we, as one of the largest youth and millennial brands in the world, intend to contribute towards a more sustainable future in our #GoGreenWithRazer manifesto,” he says.