香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負 責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部 或任何部分內容而產生或因依賴該等內容而引致的任何損失承擔任何責任。 Boyaa Interactive International Limited 博雅互動國際有限公司 （於開曼群島註冊成立的有限公司） （股份代號：0434） 截至二零二三年三月三十一日止三個月的 第一季度業績公告 博雅互動國際有限公司（「本公司」或「我們」或「我們的」）董事會（「董事會」）欣然公 佈本公司及其附屬公司（「本集團」或「我們」或「我們的」）截至二零二三年三月三 十一日止三個月（「報告期間」）的未經審計綜合業績（「第一季度業績」）。第一季度 業績已經由本公司核數師中滙安達會計師事務所有限公司根據香港會計師公會 頒佈的香港審閱準則第2410號「由實體的獨立核數師審閱中期財務資料」審閱，並 經本公司審核委員會審閱。本公告乃根據香港聯合交易所有限公司證券上市規則 （「上市規則」）第13.09條及香港法例第571章《證券及期貨條例》第XIVA部內幕消息 條文作出。 ...

Financial Performance - In 2022, the company recorded revenue of approximately RMB 375.3 million, an increase of about 2.5% compared to 2021[6]. - The adjusted net profit for 2022 was approximately RMB 67.1 million, a significant turnaround from an adjusted loss of RMB 4.0 million in 2021[8]. - The company's gross profit for 2022 was RMB 245.8 million, slightly up from RMB 245.0 million in 2021[11]. - The total comprehensive income for the year was RMB 114.5 million, compared to a comprehensive loss of RMB 41.1 million in 2021[11]. - In Q4 2022, the company achieved an adjusted net profit of approximately RMB 28.6 million, representing a year-on-year increase of about 167.5%[14]. - For the year ended December 31, 2022, the company's revenue was approximately RMB 375.3 million, an increase of about 2.5% compared to RMB 366.2 million for the year ended December 31, 2021[20]. - The net financial income for 2022 was approximately RMB 29.1 million, an increase from RMB 19.5 million in 2021, primarily due to higher interest income[28]. - The profit attributable to owners of the company for the three months ended December 31, 2022, was approximately RMB 27.8 million, representing an increase of about 166.3% compared to RMB 10.4 million in the same period of 2021[46]. User Metrics - The number of paying users decreased by approximately 12.2% from about 0.25 million in Q4 2021 to about 0.22 million in Q4 2022[16]. - Daily active users fell by approximately 8.2% from about 1.3 million in Q4 2021 to about 1.2 million in Q4 2022[16]. - Monthly active users increased slightly by 0.8% year-on-year, from 4,006,000 to 4,040,000[82]. - The number of web game daily active users increased by 5.7%, from 88,000 to 93,000[82]. - The number of mobile game daily active users decreased by 9.2%, from 1,201,000 to 1,090,000[82]. - The number of web game monthly active users increased significantly by 39.2%, from 237,000 to 330,000[82]. - The number of mobile game monthly active users decreased by 1.6%, from 3,769,000 to 3,710,000[82]. Cost and Expenses - The cost of revenue increased by approximately 6.8% to RMB 129.4 million for the year ended December 31, 2022, up from RMB 121.2 million in the previous year[21]. - Sales and marketing expenses increased by approximately 25.1% to RMB 35.4 million, representing about 9.4% of total revenue, up from 7.7% in the previous year[24]. - Administrative expenses rose by approximately 1.6% to RMB 98.6 million for the year ended December 31, 2022, compared to RMB 97.0 million in the prior year[25]. - The total employee costs for the year ended December 31, 2022, amounted to approximately RMB 84.4 million, representing about 32.0% of the company's total expenses[68]. Strategic Focus and Plans - The company plans to continue focusing on high-quality intellectual competitive online games and events in 2023[10]. - The company aims to enhance product diversification and user experience through ongoing market research and game development[9]. - The company aims to expand its domestic and international game markets and explore new operational models[18]. - The company will enhance its infrastructure and game features to improve user experience and service quality[18]. Corporate Governance and Compliance - The board does not recommend the payment of a final dividend for the year ended December 31, 2022 (2021: none)[108]. - The company has not entered into any agreements for significant acquisitions, investments, or capital assets as of the report date[63]. - The group has maintained compliance with all relevant Chinese laws and regulations during the fiscal year ending December 31, 2022, obtaining all necessary licenses and approvals[96]. - The group has implemented an upgraded system to prevent minors from becoming addicted to online games, in accordance with various regulations issued by Chinese authorities[99]. Risk Management - The company continues to face major risks and uncertainties in its operations[86]. - The main product series "Texas Poker" accounted for over 60% of past revenues, and any failure to maintain or enhance the performance of these games could adversely affect the company's business and operating results[87]. - The company may struggle to continuously improve existing games, enhance player experience, and launch new high-quality games and services, which could significantly impact its ability to retain existing players and attract new ones[87]. - The interpretation of Chinese laws and regulations related to contractual arrangements remains unclear, which may lead to significant compliance costs for the company in the future[89]. Shareholder Information - As of December 31, 2022, the company had a total of 709,876,301 shares issued[161]. - Major shareholders include Mr. Zhang Wei with 246,237,474 shares (34.69%) and Cantrust (Far East) Limited with 282,737,474 shares (39.83%)[163]. - The top five payment channels contributed approximately 62.8% of the total revenue, with Google being the largest channel at 21.5%[168]. Contractual Arrangements - The group operates through contractual arrangements with BoYa Shenzhen, allowing it to maintain effective control over financial and operational policies while complying with Chinese regulations[188]. - The contractual arrangements include six agreements, such as exclusive consulting and service agreements, business operation agreements, and intellectual property licensing agreements[189]. - The group can consolidate BoYa Shenzhen's financial performance into its own under international financial reporting standards, treating it as a wholly-owned subsidiary[191].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負 責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部 或任何部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 Boyaa Interactive International Limited 博雅互動國際有限公司 （於開曼群島註冊成立的有限公司） 0434 （股份代號： ） 截至二零二二年十二月三十一日止年度的 年度業績公告 博雅互動國際有限公司（「本公司」，連同其附屬公司統稱「本集團」）董事（「董事」）會 （「董事會」）欣然公佈本集團截至二零二二年十二月三十一日止年度（「報告期間」） 的經審核綜合業績。按照國際財務報告準則（「國際財務報告準則」）編製的年度業 績已經由本公司的核數師中匯安達會計師事務所有限公司審計，並已經由本公司 的審核委員會（「審核委員會」）審閱。 由於案件（如截至二零二二年十二月三十一日止年度綜合財務報表附註19所界定 及披露）的最新進展，截至二零二零年及二零二一年十二月三十一日止年度已分 別做出了往年調整。因此，先前報告的截至二零二一年十二月三十一日止年度之 綜合損益及其他全面收益表以及先 ...

Revenue Performance - Total revenue for the nine months ended September 30, 2022, was RMB 280,934,000, representing a year-on-year increase of 0.9% compared to RMB 278,495,000 in 2021[4] - Revenue from mobile games increased by 11.7% to RMB 188,705,000, while revenue from web games decreased by 15.8% to RMB 92,229,000 for the nine months ended September 30, 2022[4] - For the three months ended September 30, 2022, total revenue was RMB 94,480,000, a decrease of 2.6% compared to RMB 97,012,000 in the same period last year[6] - For the three months ended September 30, 2022, the company reported revenue from web games of RMB 30,632 thousand, a decrease of 19.5% compared to RMB 38,057 thousand in the same period of 2021[64] - Mobile games generated revenue of RMB 63,848 thousand for the three months ended September 30, 2022, an increase of 8.5% from RMB 58,955 thousand in the same period of 2021[64] Profitability - The company reported a profit attributable to owners of RMB 45,529,000 for the nine months ended September 30, 2022, compared to a loss of RMB 5,284,000 in the same period last year[4] - The adjusted net profit for the nine months ended September 30, 2022, was approximately RMB 47.6 million, a significant improvement from an adjusted loss of approximately RMB 5.2 million in the same period of 2021[11] - Profit attributable to the owners of the company was approximately RMB 16.2 million for the three months ended September 30, 2022, representing an increase of approximately 185.5% compared to RMB 5.7 million in the same period of 2021[27] - The net profit for the three months ended September 30, 2022, was RMB 16,180 thousand, representing a remarkable increase of 185.5% from RMB 5,667 thousand in the same quarter of the previous year[158] User Engagement - The number of paying users decreased by 17.0% to 220,000, with mobile game paying users accounting for 215,000[8] - Daily active users (DAU) decreased by 9.1% to 1,230,000, while monthly active users (MAU) decreased by 11.7% to 3,676,000[8] - The number of paying users decreased by approximately 2.2% from about 0.23 million in Q2 2022 to about 0.22 million in Q3 2022, while monthly active users increased by approximately 5.3% to about 3.7 million[13] Expenses and Financial Position - Sales and marketing expenses for Q3 2022 were approximately RMB 8.1 million, an increase of about 27.8% year-over-year, primarily due to increased advertising and promotional activities[19] - Administrative expenses for Q3 2022 were approximately RMB 23.3 million, an increase of about 6.8% year-over-year, mainly due to a slight increase in employee compensation and benefits[21] - The company's gross profit for Q3 2022 was approximately RMB 62.1 million, a decrease of about 4.3% year-over-year, with a gross margin of approximately 65.7% compared to 66.9% in the same period of 2021[18] - As of September 30, 2022, the company held cash and cash equivalents of approximately RMB 213.8 million, down from RMB 248.3 million as of December 31, 2021[29] - Total liabilities amounted to RMB 338,472 thousand as of September 30, 2022, up from RMB 285,680 thousand at the end of 2021, representing a rise of 18.4%[52] Investments and Acquisitions - The company is exploring potential mergers and acquisitions to enhance its market position and expand its product portfolio[2] - The company has invested a total of RMB 300.0 million in the partnership established with Shenzhen Dongfang Boya Technology Co., Ltd. and Shanghai Tailai Tianji Asset Management Co., Ltd. as of September 30, 2022[36] - Investments measured at fair value through profit or loss amounted to approximately RMB 501.1 million as of September 30, 2022, compared to RMB 454.5 million as of December 31, 2021[33] Research and Development - The company has recognized R&D expenses of RMB 43,497,000 for the nine months ended September 30, 2022, an increase from RMB 39,834,000 in the same period last year[82] Legal and Compliance - The company has engaged legal counsel to address the implications of the frozen cash reserves due to alleged illegal activities by former employees[123] - The company plans to take appropriate legal actions regarding the court's decision to recover funds that were previously frozen[127] - The independent investigation committee has not found any significant findings that would require attention from shareholders and potential investors[130] Shareholder Information - The company did not declare any interim dividend for the nine months ended September 30, 2022, consistent with the previous year[83] - The company repurchased 300,000 shares during the nine months ended September 30, 2022, at a total cost of RMB 112,000, compared to 1,000,000 shares repurchased in the previous year at a cost of RMB 422,000[109] - The total number of RSUs outstanding increased to 23,622,089 from 9,837,089 in 2021, representing a growth of approximately 140%[119]

Revenue and Profit Performance - Revenue for Q2 2022 was approximately RMB 94.9 million, a slight decrease of 1.7% year-over-year compared to RMB 96.6 million in Q2 2021[22][28] - Revenue for the first half of 2022 was approximately RMB 186.5 million, an increase of 2.7% year-over-year compared to the same period in 2021[22] - Non-IFRS adjusted net profit for Q2 2022 was approximately RMB 14.1 million, a significant increase of 172.3% year-over-year, primarily due to a smaller decrease in the fair value of equity investment partnerships and other financial assets[23] - Non-IFRS adjusted net profit for the first half of 2022 was approximately RMB 30.5 million, compared to a loss of RMB 11.0 million in the same period in 2021[23] - Revenue for the three months ended June 30, 2022, was RMB 32.3 million, a year-on-year increase of 2.6% compared to RMB 31.5 million in the same period of 2021[29] - Revenue for the six months ended June 30, 2022, was RMB 186.5 million, a year-on-year increase of 2.7% compared to RMB 181.5 million in the same period of 2021[43] - Revenue for the three months ended June 30, 2022, was RMB 94.93 million, a slight decrease from RMB 96.56 million in the same period last year[186] - Gross profit for the six months ended June 30, 2022, was RMB 122.84 million, compared to RMB 122.66 million in the same period last year[186] - Operating profit for the six months ended June 30, 2022, was RMB 29.47 million, a significant improvement from an operating loss of RMB 7.18 million in the same period last year[186] - Net profit attributable to the company's owners for the six months ended June 30, 2022, was RMB 29.35 million, compared to a net loss of RMB 10.95 million in the same period last year[186] - Basic earnings per share for the six months ended June 30, 2022, were RMB 4.47, compared to a loss per share of RMB 1.67 in the same period last year[186] - Total comprehensive income for the six months ended June 30, 2022, was RMB 51.26 million, compared to a comprehensive loss of RMB 18.57 million in the same period last year[186] User Metrics and Game Performance - Number of paying players decreased by 15.7% from approximately 0.27 million in Q1 2022 to approximately 0.23 million in Q2 2022[24] - Daily active users (DAU) decreased by 9.9% from approximately 1.4 million in Q1 2022 to approximately 1.2 million in Q2 2022[24] - Monthly active users (MAU) decreased by 20.4% from approximately 4.4 million in Q1 2022 to approximately 3.5 million in Q2 2022[24] - Average revenue per paying user (ARPPU) for both mobile and web versions of Texas Hold'em and other mobile board games increased in Q2 2022[24] - Mobile games accounted for 66.0% of total revenue in Q2 2022, up from 61.8% in Q2 2021, while web games accounted for 34.0%, down from 38.2%[28] Expenses and Costs - Gross profit for the three months ended June 30, 2022, was RMB 62.6 million, a year-on-year decrease of 3.7% compared to RMB 65.1 million in the same period of 2021[30] - Gross margin for the three months ended June 30, 2022, was 66.0%, compared to 67.4% in the same period of 2021[31] - Sales and marketing expenses for the three months ended June 30, 2022, were RMB 8.2 million, a year-on-year increase of 36.7% compared to RMB 6.0 million in the same period of 2021[32] - Administrative expenses for the three months ended June 30, 2022, were RMB 23.9 million, a year-on-year increase of 14.7% compared to RMB 20.9 million in the same period of 2021[34] - Other losses for the three months ended June 30, 2022, were RMB 17.4 million, a decrease compared to RMB 31.7 million in the same period of 2021[35] - Net finance income for the three months ended June 30, 2022, was RMB 6.2 million, an increase compared to RMB 4.9 million in the same period of 2021[36] - Total employee costs for the six months ended June 30, 2022, were approximately RMB 43.5 million, accounting for 34.1% of the company's total expenses[87] Investments and Financial Assets - The company's share of losses from associates was approximately RMB 0.1 million for the six months ended June 30, 2022, compared to RMB 1.5 million in the same period in 2021[54] - The fair value of equity investments measured at fair value through other comprehensive income was approximately RMB 21.5 million as of June 30, 2022, compared to RMB 27.6 million as of December 31, 2021[64] - The fair value of investments measured at fair value through profit or loss was approximately RMB 413.3 million as of June 30, 2022, with a fair value loss of RMB 31.8 million for the six months ended June 30, 2022[65] - The company's cumulative capital contribution to Jiaxing Boya was RMB 300.0 million, representing 99.0% of the total subscribed capital, with a fair value of approximately RMB 17.7 million as of June 30, 2022[69] - The company invested RMB 200.0 million in a low-risk wealth management product issued by Industrial and Commercial Bank of China (ICBC) in 2018, with a fair value of approximately RMB 225.8 million as of June 30, 2022[70][80] - The fair value of the wealth management product accounted for 9.7% of the company's total assets as of June 30, 2022[80] - The company invested RMB 300.0 million in Jiaxing Boya, which had a fair value of RMB 17.7 million as of June 30, 2022[79] - The company had no short-term or long-term bank borrowings as of June 30, 2022[74] - Total capital expenditure for the six months ended June 30, 2022, was approximately RMB 1.8 million, compared to RMB 9.0 million for the same period in 2021[75] Corporate Governance and Shareholding - The company complied with the Corporate Governance Code during the six months ended June 30, 2022[158] - The board of directors consists of two executive directors and three independent non-executive directors, ensuring strong independence[159] - The revised and restated articles of association were adopted at the annual general meeting on June 10, 2022[162] - The audit committee reviewed the unaudited interim financial statements and found no disagreements with the board regarding accounting treatments[166] - Dai Zhikang holds 36,500,000 shares in the company, representing approximately 5.14% of the equity[114] - Tao Ying holds 135,000 shares in the company, representing approximately 0.02% of the equity[114] - The company has issued a total of 709,876,301 shares as of June 30, 2022[116] - Boya Shenzhen holds 200,000 shares in an associated company, representing approximately 2.00% of the equity[117] - Zhang Wei holds 34.69% of the company's shares through Chunlei Investment, which is wholly owned by the Zhang Family Trust[121][122] - Cantrust (Far East) Limited, as the trustee of Zhang Family Trust, holds 39.83% of the company's shares through Rustem Limited[121][123] - Boyaa Global Limited holds 24.87% of the company's shares as a beneficial owner[121] - Emily Technology Limited holds 9.81% of the company's shares as a beneficial owner[121] - Visioncode Holdings Limited holds 5.14% of the company's shares through Comsenz Holdings Limited[121][124] - Core Administration RSU Limited holds 7.47% of the company's shares through restricted stock units[121][125] - The company has issued a total of 709,876,301 shares as of June 30, 2022[126] - 500,000 share options under the Post-IPO Share Option Plan lapsed during the six months ended June 30, 2022[129] - The remaining term of the Pre-IPO Share Option Plan is approximately 2 years and 4 months as of June 30, 2022[130] - As of June 30, 2022, no options under the Pre-IPO Share Option Scheme remained unexercised[131] - 15,000,000 restricted share units were granted to employees under the 2021 Restricted Share Unit Plan during the six months ended June 30, 2022, with 300,000 units forfeited[135] - The 2021 Restricted Share Unit Plan has a remaining term of 7 years and 2 months as of June 30, 2022[134] - 5,137,429 options were granted and unexercised under the Post-IPO Share Option Scheme as of June 30, 2022[138] - 29,509,518 restricted share units were granted and unexercised under the 2013 and 2021 Restricted Share Unit Plans as of June 30, 2022[138] - The exercise price for options granted under the Post-IPO Share Option Scheme is HKD 3.108 per share[138] - The exercise period for options granted under the Post-IPO Share Option Scheme is 10 years from the grant date[144] - No payment is required for options granted under the Pre-IPO Share Option Scheme[145] - The exercise period for options granted under the Pre-IPO Share Option Scheme is 8 years from the grant date[147] - Restricted share units granted on March 4, 2013, will vest as follows: 25% after 12 months, 12.5% after 18 months, 12.5% after 24 months, and the remaining 50% in 24 equal monthly installments starting from the 25th month[149] - Restricted share units granted on March 12, 2015, will vest as follows: 25% after 12 months, 25% after 24 months, 12.5% after 30 months, 12.5% after 36 months, and the remaining 25% in 12 equal monthly installments starting from the 37th month[150] - Restricted share units granted on August 27, 2021, will vest as follows: 25% after 12 months, 25% after 24 months, 12.5% after 30 months, 12.5% after 36 months, and the remaining 25% in 12 equal monthly installments starting from the 37th month[151] - Restricted share units granted on April 15, 2022, will vest as follows: 25% after 12 months, 25% after 24 months, 12.5% after 30 months, 12.5% after 36 months, and the remaining 25% in 12 equal monthly installments starting from the 37th month, subject to performance targets[154] Cash Flow and Financial Position - Operating cash flow increased to RMB 77.459 million from RMB 58.810 million year-over-year[196] - Net cash used in investing activities decreased to RMB 14.444 million from RMB 234.016 million year-over-year[196] - Net cash and cash equivalents increased by RMB 60.855 million compared to a decrease of RMB 177.056 million in the previous year[196] - Cash and cash equivalents at the end of the period stood at RMB 324.524 million, up from RMB 208.268 million in the previous year[196] - Interest received from investments increased to RMB 11.912 million from RMB 8.205 million year-over-year[196] - Dividends from fair value through profit or loss investments amounted to RMB 5.148 million, compared to none in the previous year[196] - Total assets as of June 30, 2022, were RMB 2.30 billion, a slight decrease from RMB 2.39 billion as of December 31, 2021[188] - Total equity as of June 30, 2022, was RMB 2.02 billion, compared to RMB 2.07 billion as of December 31, 2021[188] - Total liabilities as of June 30, 2022, were RMB 285.68 million, a decrease from RMB 315.13 million as of December 31, 2021[190] - Net current assets as of June 30, 2022, were RMB 1.14 billion, compared to RMB 1.08 billion as of December 31, 2021[190] Legal and Regulatory Compliance - The company has engaged mainland China legal advisors to provide opinions and apply to relevant Chinese courts and judicial authorities for the use of idle cash reserves, which amount to approximately RMB 247.3 million and RMB 436.7 million respectively[172][183] - The company has strengthened internal control measures, including requiring all employees to declare any conflicts of interest annually and improving related declaration procedures[172] - The company has improved management measures for virtual currency purchases and usage, including inventory management and issuance approval procedures[173] - The company has enhanced supervision and management measures for registered paying user balances, including analyzing balance changes and monitoring abnormal transfers of game coins between users[173] - The company's indirect wholly-owned subsidiaries entered into agreements with two licensed banks in China for deposits and wealth management products, each amounting to RMB 50.0 million[174] - The company completed the use of proceeds from its global offering, which raised approximately HKD 837.9 million[176][177] - As of June 30, 2022, the company's investments measured at fair value through profit or loss and restricted bank deposits totaling approximately RMB 247.3 million and RMB 436.7 million respectively remain frozen[183] Business Strategy and Future Plans - The company plans to continue market research, innovate game features, and expand overseas markets while enhancing the quality of games and building online and offline tournament series brands[25] - The company's main business is the development and operation of online games and provision of consulting services[200] - The company is incorporated in the Cayman Islands with its headquarters in Shenzhen, China[198] - The company's shares are listed on the Main Board of the Hong Kong Stock Exchange[198] Employee and Operational Details - The company had 300 full-time employees as of June 30, 2022, with 249 employees in game development and operations, 34 in game support, and 17 in administrative and senior management roles[86] - The company's operating entity, Boyaa Shenzhen, generated revenue of RMB 10.2 million and total assets of RMB 633.7 million under the contractual arrangements for the six months ended June 30, 2022[91] - Boyaa Shenzhen holds essential licenses and intellectual property, including a value-added telecommunications business license, internet publishing service license, and internet culture business license, which are critical for the company's operations[91] - The company relies on contractual arrangements to control Boyaa Shenzhen and derive economic benefits, which may not be as effective as direct ownership in terms of operational control[98] - The company has implemented measures to mitigate risks related to contractual arrangements, including the appointment of independent non-executive directors to monitor compliance and governance measures to address potential conflicts of interest[101] Tax and Financial Ratios - Income tax expenses were approximately RMB 11.6 million for the six months ended June 30, 2022, compared to RMB 12.1 million in the same period in 2021[55] - The actual income tax rate for Boya China was 15% for the six months ended June 30, 2022 (2021: 15%)[105] - The actual income tax rate for Boya Shenzhen was 25% for the six months ended June 30, 2022 (2021: 25%)[105] - Shenzhen 266 Technology Co., Ltd. (a wholly-owned subsidiary of Boya China) had an actual income tax rate of 15% for the six months ended June 30, 2022 (2021: 15%)[106] - The company's gearing ratio (total liabilities divided by total assets) was 13.2% as of June 30, 2022, compared to 12.4% as of December 31, 2021[59] - The company held time deposits of approximately RMB 1,052.7 million as of June 30, 2022, with an effective interest rate of approximately 2.1% for the six months ended June 30, 2022[61] Miscellaneous - The company had no significant contingent liabilities, guarantees, or litigation as of June 30, 2022[77] - The company had no significant acquisitions or disposals of subsidiaries, consolidated affiliated entities, or associates during the six months ended June 30, 2022[78] - The company had no pledged or charged assets as of June 30, 2022[85] - No purchase, sale, or redemption of listed securities occurred during the six months ended June 30, 2022[155] - No interim dividend was recommended for the six months ended June 30, 2022[156] - The financial statements are presented in RMB, which is the company's functional currency[199]

Revenue Performance - For the first quarter ending March 31, 2022, the company reported revenue of RMB 91.5 million, a year-on-year increase of 7.8% and a quarter-on-quarter increase of 4.4%[11]. - Revenue from mobile games reached RMB 62.2 million, representing a year-on-year growth of 23.7%[4]. - Revenue for Q1 2022 was approximately RMB 91.5 million, representing a year-on-year increase of about 7.8% from RMB 84.9 million in Q1 2021, driven by online operational activities and continuous optimization of game products[15]. - Revenue for the three months ended March 31, 2022, was RMB 91,524 thousand, an increase of 7.4% compared to RMB 84,919 thousand in the same period of 2021[47]. - Revenue from web games decreased by 15.5% to RMB 29,288,000, down from RMB 34,611,000 in the same period last year[75]. User Metrics - The number of paying users increased to 267,000, a year-on-year increase of 8.5%[8]. - Daily active users (DAU) decreased to 1.369 million, down 8.6% year-on-year[8]. - Monthly active users (MAU) remained stable at 4.385 million, showing a slight decrease of 0.5% year-on-year[8]. - The number of paying users increased by approximately 8.5% from about 0.2 million in Q4 2021 to about 0.3 million in Q1 2022, while daily active users rose by approximately 6.2% to about 1.4 million[13]. Profitability - The company achieved a net profit attributable to shareholders of RMB 16.2 million, compared to a loss of RMB 16.1 million in the same period last year[4]. - In Q1 2022, the company recorded an adjusted net profit of approximately RMB 16.4 million, a significant improvement from an adjusted net loss of approximately RMB 16.1 million in Q1 2021, primarily due to a year-on-year revenue increase and a reduced fair value decline of financial assets[12]. - The company’s attributable profit for Q1 2022 was approximately RMB 16.2 million, a turnaround from a loss of approximately RMB 16.1 million in Q1 2021[26]. - The group reported a profit of RMB 16,185,000 for the three months ended March 31, 2022, compared to a loss of RMB 16,118,000 in the same period of 2021, marking a significant turnaround[98]. Expenses and Costs - The cost of revenue for Q1 2022 was approximately RMB 31.3 million, a year-on-year increase of about 14.6% from RMB 27.3 million in Q1 2021, mainly due to increased revenue and higher average commission rates[16]. - Selling and marketing expenses for Q1 2022 were approximately RMB 8.9 million, a year-on-year increase of about 9.8% from RMB 8.1 million in Q1 2021, primarily due to slight increases in advertising and promotional activities[18]. - Administrative expenses for Q1 2022 were approximately RMB 22.6 million, a year-on-year increase of about 3.9% from RMB 21.7 million in Q1 2021, mainly due to a slight increase in employee compensation and benefits[20]. - The company reported a significant increase in other losses, netting RMB 12,307,000, which is a 70.2% increase year-over-year[144]. Financial Position - As of March 31, 2022, the company had cash and cash equivalents of approximately RMB 305.8 million, an increase from RMB 248.3 million as of December 31, 2021[30]. - Total assets as of March 31, 2022, were RMB 2,320,858 thousand, slightly up from RMB 2,303,650 thousand as of December 31, 2021[60]. - The company’s total equity increased to RMB 2,021,584 thousand from RMB 2,017,970 thousand, reflecting a stable financial position[62]. - The company has no significant contingent liabilities, guarantees, or legal proceedings as of March 31, 2022[44]. Investment and Fair Value - The fair value of equity investments classified as fair value through other comprehensive income was approximately RMB 20.9 million as of March 31, 2022, down from RMB 27.6 million as of December 31, 2021[32]. - The fair value changes of investments measured at fair value through profit or loss resulted in a loss of RMB 16,149,000, an improvement from a loss of RMB 39,899,000 in the previous year[79]. - The total amount of frozen funds as of March 31, 2022, was approximately RMB 681 million, which represents about 32.5% of the company's total current assets[135]. Cash Flow - Operating cash flow for the three months ended March 31, 2022, was RMB 22,584,000, a decrease of 28.5% from RMB 31,314,000 in the same period of 2021[68]. - Net cash from operating activities was RMB 20,438,000, down 28.5% compared to RMB 28,585,000 in the previous year[68]. - Cash flow from investing activities showed a net inflow of RMB 39,285,000, an increase of 30.0% from RMB 30,228,000 in the prior year[68]. Research and Development - The group recognized research and development expenses of RMB 16,677,000 for the three months ended March 31, 2022, compared to RMB 16,075,000 in the same period of 2021, reflecting an increase of about 3.7%[95].

Financial Performance - In 2021, Boyaa Interactive recorded revenue of approximately RMB 366.2 million, a year-on-year increase of about 4.2% compared to RMB 351.5 million in 2020[11]. - The adjusted net profit for 2021 was approximately RMB 8.4 million, a significant recovery from an adjusted loss of RMB 45.1 million in 2020, marking a turnaround due to increased revenue and reduced management expenses[11]. - The gross profit for 2021 was RMB 245.0 million, slightly up from RMB 242.2 million in 2020, indicating stable gross margins[15]. - The pre-tax profit for 2021 was RMB 17.0 million, a recovery from a loss of RMB 22.1 million in 2020, showcasing improved operational efficiency[15]. - The total comprehensive income attributable to owners of the company for 2021 was a loss of RMB 28.8 million, an improvement from a loss of RMB 59.7 million in 2020[15]. - The company recorded revenue of approximately RMB 366.2 million in 2021, an increase of about 4.2% compared to RMB 351.5 million in 2020[20]. - In Q4 2021, revenue was approximately RMB 87.7 million, a year-on-year increase of about 12.9%[20]. - The company achieved an adjusted net profit of approximately RMB 8.4 million for 2021, compared to an adjusted loss of RMB 45.1 million in 2020[21]. - The company recorded a profit attributable to owners of approximately RMB 80 million for the year ended December 31, 2021, compared to a loss of RMB 451 million in the same period of 2020[38]. - The company reported a profit attributable to owners of approximately RMB 133 million for the three months ended December 31, 2021, compared to a loss of RMB 304 million in the same period of 2020[54]. User Metrics - The number of paying users increased by approximately 4.7% from about 0.24 million in Q4 2020 to about 0.25 million in Q4 2021[23]. - Daily active users decreased by approximately 20.7% from about 1.6 million in Q4 2020 to about 1.3 million in Q4 2021[23]. - Monthly active users decreased by approximately 10.8% from about 4.5 million in Q4 2020 to about 4.0 million in Q4 2021[23]. - The number of paying players increased to 246,000 in 2021 from 235,000 in 2020, representing a growth of 4.7%[96]. - Daily active users decreased by 20.7% to 1,289,000 in 2021 from 1,626,000 in 2020[96]. - Monthly active users also declined by 10.8% to 4,006,000 in 2021 compared to 4,493,000 in 2020[96]. Cost and Expenses - The cost of revenue increased by approximately 10.9% from RMB 109.2 million in 2020 to RMB 121.2 million in 2021[28]. - Sales and marketing expenses increased by approximately 15.2% from RMB 246 million in 2020 to RMB 283 million in 2021, accounting for 7.7% of revenue in 2021, up from 7.0% in 2020[31]. - Administrative expenses decreased by approximately 20.0% from RMB 1,213 million in 2020 to RMB 970 million in 2021, primarily due to a reduction in professional service fees[32]. - Total capital expenditure for the year ended December 31, 2021, was approximately RMB 114 million, a decrease from RMB 120 million for the year ended December 31, 2020[72]. - The total employee costs for the year ended December 31, 2021, amounted to approximately RMB 804 million, representing about 32.6% of the total expenses[81]. Strategic Focus and Future Plans - Boyaa Interactive plans to continue focusing on high-quality intellectual competitive online games and events, aiming to create a healthy gaming environment in 2022[14]. - The company aims to enhance product refinement and diversification, with ongoing market research and innovation in game development[13]. - The company plans to continue exploring domestic and international game operation models and expand overseas markets in 2022[24]. - The company aims to enhance user experience and innovate game content and gameplay in 2022[24]. - The company is optimistic about future growth and aims to align its goals with the interests of all stakeholders[14]. Corporate Social Responsibility - Boyaa Interactive emphasizes its commitment to corporate social responsibility through various charitable activities, including donations to schools[13]. - The group recorded total donations of RMB 46,189 for the year ended December 31, 2021, compared to RMB 40,063 in 2020, representing an increase of approximately 5.3%[139]. Compliance and Risk Management - The company is committed to ensuring compliance with evolving cybersecurity, information security, privacy, and data protection laws, which may necessitate unfavorable business changes[107]. - The company is closely monitoring local regulatory environments and has engaged external legal advisors to ensure compliance with contractual arrangements and applicable laws[108]. - The company has implemented measures to manage risks, including controlling costs, enhancing internal monitoring, and attracting and retaining talent to support business expansion[108]. - The company emphasizes the importance of internal control and risk management systems, as detailed in its annual report[111]. Employee and Training - The group has 294 full-time employees as of December 31, 2021, with 244 in game development and operations, 33 in game support, and 17 in administrative and senior management roles[121]. - The group regularly conducts training programs for employees to enhance their skills in game development and operations[80]. - The group has provided various training programs for employees to enhance their knowledge in game development and operations[121]. Share Options and Capital Management - The maximum number of shares that can be issued upon the exercise of options granted under the post-IPO share option scheme and any other plans is capped at 10% of the total issued shares as of the listing date, which is 73,755,912 shares[148]. - As of December 31, 2021, the total number of shares that may be issued upon the exercise of options granted under the post-IPO share option scheme is 42,589,744 shares, equivalent to approximately 6.00% of the issued share capital[148]. - The board will review the dividend policy as necessary, considering factors such as financial performance, cash flow, and future operational needs[130]. - The company has no predetermined dividend payout ratio, and the board has the discretion to declare dividends based on various factors[130]. - The company has appointed a trustee to manage and allocate shares granted under the pre-IPO share option plan[157]. Market and Distribution - The company generates most of its revenue through major social media platforms, online app stores, and third-party payment providers; any adverse developments in these distribution and payment channels could negatively impact business performance[102]. - The company aims to maintain and expand its game distribution platforms, deepen market penetration, and explore new domestic and international markets[108]. - The group has established strong relationships with various game distribution platforms, including Facebook and App Store, to reach end customers[122].

Financial Performance - In Q2 2021, the company recorded revenue of approximately RMB 966 million, a 13.7% increase from Q1 2021 and a 1.2% increase year-over-year[18]. - For the first half of 2021, the company reported revenue of approximately RMB 1,815 million, a decrease of about 3.7% compared to the same period in 2020[18]. - The adjusted net profit for Q2 2021 was approximately RMB 52 million, compared to an adjusted net loss of RMB 161 million in Q1 2021[19]. - The adjusted net profit for Q2 2021 increased by 49.2% compared to Q1 2021, primarily due to the increase in revenue[19]. - The adjusted net loss for the first half of 2021 was approximately RMB 110 million, a reduction of about 19.3% compared to the same period in 2020[19]. - For the three months ended June 30, 2021, the company's revenue was approximately RMB 96.6 million, a year-on-year increase of about 1.2% compared to RMB 95.4 million for the same period in 2020[24]. - Gross profit for the three months ended June 30, 2021, was approximately RMB 65.1 million, a decrease of about 3.5% from RMB 67.4 million in 2020[26]. - The gross margin for the three months ended June 30, 2021, was approximately 67.4%, down from 70.7% in the same period of 2020[27]. - The company recorded a net profit attributable to owners of approximately RMB 5.2 million for the three months ended June 30, 2021, compared to a loss of RMB 25.5 million in the same period of 2020[35]. - For the six months ended June 30, 2021, the company's revenue was approximately RMB 181.5 million, a year-on-year decrease of about 3.7% from RMB 188.5 million in 2020[38]. - The gross profit for the six months ended June 30, 2021, was approximately RMB 122.7 million, a decrease of about 7.5% from RMB 132.6 million in 2020[41]. - The gross margin for the six months ended June 30, 2021, was approximately 67.6%, down from 70.4% in the same period of 2020[42]. - The company reported a net profit of approximately RMB 35.3 million for the three months ended June 30, 2021, excluding the impact of non-operating one-time factors[35]. User Metrics - The number of paying players decreased by approximately 13.2% from about 280,000 in Q1 2021 to about 240,000 in Q2 2021[21]. - Daily active users decreased by approximately 9.1% from about 1.5 million in Q1 2021 to 1.4 million in Q2 2021[21]. - Monthly active users decreased by approximately 9.6% from about 4.4 million in Q1 2021 to about 4.0 million in Q2 2021[21]. Expenses and Costs - The cost of revenue for the same period was approximately RMB 31.5 million, representing a year-on-year increase of about 12.6% from RMB 28.0 million in 2020[25]. - Administrative expenses decreased by approximately 33.2% to RMB 20.9 million for the three months ended June 30, 2021, compared to RMB 31.2 million in 2020[29]. - Sales and marketing expenses for the six months ended June 30, 2021, were approximately RMB 142 million, an increase of about 26.6% compared to RMB 112 million for the same period in 2020, primarily due to increased advertising and promotional activities[43]. - Administrative expenses for the six months ended June 30, 2021, were approximately RMB 426 million, a decrease of about 28.0% compared to RMB 592 million for the same period in 2020, mainly due to reduced professional service fees[44]. Investments and Financial Position - As of June 30, 2021, the company had fixed deposits of approximately RMB 961.8 million, an increase from RMB 725.6 million as of December 31, 2020[55]. - The fair value of investments measured at fair value through other comprehensive income was approximately RMB 643 million as of June 30, 2021, down from RMB 672 million as of December 31, 2020[58]. - The fair value of investments measured at fair value through profit or loss was approximately RMB 6,322 million as of June 30, 2021, compared to RMB 7,080 million as of December 31, 2020, with a fair value loss of approximately RMB 702 million for the six months ended June 30, 2021[60]. - The company made investments totaling RMB 48.0 million in financial products with a licensed bank in China, which were fully redeemed by June 30, 2021[61]. - The company has invested RMB 300.0 million in a limited partnership, accounting for 99.0% of the total committed capital, with a fair value of approximately RMB 33.0 million as of June 30, 2021[62]. - The fair value of two financial products purchased from the Industrial and Commercial Bank of China was approximately RMB 218.8 million and RMB 138.9 million as of June 30, 2021[64]. - The company's total capital expenditure for the six months ended June 30, 2021, was approximately RMB 9.0 million, compared to RMB 2.9 million for the same period in 2020[66]. - The company reported frozen funds amounting to approximately RMB 671,758,000 as of June 30, 2021, due to a court ruling in mainland China[148]. Corporate Governance and Compliance - The board consists of two executive directors and three independent non-executive directors, ensuring strong independence[142]. - The audit committee, composed of three independent non-executive directors, reviewed the unaudited interim financial statements for the six months ended June 30, 2021[147]. - The company has complied with the Corporate Governance Code, with a deviation regarding the nomination committee chair being an executive director[141]. - The company is committed to maintaining high standards of corporate governance and will continue to review its governance status[142]. - The group has implemented corporate governance measures to address any potential conflicts of interest between the group and its directors[93]. Shareholder Information - As of June 30, 2021, the company had issued 710,876,301 shares[107]. - Mr. Dai Zhikang holds 36,500,000 shares, representing approximately 5.13% of the company's equity[105]. - Mr. Zhang Wei is the founder of a trust holding 246,237,474 shares, accounting for approximately 34.64% of the company's equity[111]. - Cantrust (Far East) Limited holds 282,737,474 shares, representing approximately 39.77% of the company's equity[111]. - Boyaa Global Limited holds 176,572,474 shares, which is about 24.84% of the company's equity[111]. - Emily Technology Limited owns 69,665,000 shares, accounting for approximately 9.80% of the company's equity[111]. Taxation and Legal Matters - The actual income tax rate for Boya Shenzhen for the six months ended June 30, 2021, was 15%, consistent with the previous year[97]. - Boya China also renewed its "High-tech Enterprise" qualification, maintaining a 15% preferential tax rate for the period from January 1, 2019, to December 31, 2021[97]. - The group is closely collaborating with tax advisors to ensure timely tax filings and satisfactory responses to any inquiries from Chinese tax authorities[98]. - The group may face increased income tax liabilities due to differing tax rates between Boya China and Boya Shenzhen, potentially impacting overall performance[96]. Risk Management - The company maintains a cautious approach towards its investment portfolio in light of uncertainties in the online gaming and information technology sectors due to the COVID-19 pandemic[76]. - The group has established measures to mitigate risks associated with contractual arrangements and ensure compliance with applicable laws and regulations[89]. - If Boya Shenzhen were to declare bankruptcy or face liquidation, the group could lose access to significant assets essential for its operations[94]. Share Options and Employee Compensation - The total number of share options and restricted share units granted and unexercised amounted to 10,722,886[125]. - The total number of share options granted under the post-IPO share option plan was 6,082,429, with a total of 5,722,429 remaining unexercised[125]. - The company has a ten-year exercise period for each share option granted under the post-IPO share option plan[129]. - The company did not propose any interim dividend for the six months ended June 30, 2021[138].

boyaa Boyaa Interactive International Limited 博雅互動國際有限公司 ( 於 開 曼 群 島 註 冊 成 立 的 有 限 公 司 ) 股份代號:0434 5 10 Annual Repo 目錄表 公司資料2 主席報告書4 財務概要6 管理層討論及分析7 董事及高級管理層履歷 21 董事報告書 23 企業管治報告書 62 環境、社會及管治報告 75 獨立核數師報告 88 綜合損益及其他全面收益表 92 綜合財務狀況表 93 綜合權益變動表 95 綜合現金流量表 96 綜合財務報表附註 98 公司資料 授權代表 陶穎女士 黎少娟女士（於二零二零年十月二十七日辭任） 周桂華女士（於二零二零年十月二十七日獲委任） 核數師 審核委員會 提名委員會 董事會 執行董事 戴志康先生（主席） 陶穎女士（代理首席執行官） 獨立非執行董事 張毅林先生 蔡漢強先生 孫自華先生（於二零二零年七月十六日退任） 孔凡偉先生（於二零二零年七月十六日獲委任） 張毅林先生（主席） 蔡漢強先生 孫自華先生（於二零二零年七月十六日退任） 孔凡偉先生（於二零二零年七月十六日獲委任） 陶穎女士（主席） 蔡漢強 ...

boyaa Boyaa Interactive International Limited 博雅互動國際有限公司 (於開曼群島註冊成立的有限公司) 股份代號:0434 2020中期報告 2020 Interim Report 公司資料 2 業務概覽及展望 4 管理層討論及分析 5 其他資料 17 獨立審閱報告 35 簡明綜合損益及其他全面收益表 37 簡明綜合財務狀況表 38 簡明綜合權益變動表 40 簡明綜合現金流量表 41 簡明綜合財務報表附註 42 未經審計（虧損）╱利潤與未經審計非國際財務報告準則經調整（虧損）╱利潤對賬 63 目錄表 1 2020 年 中 期 報 告 核數師 孔凡偉先生（於二零二零年七月十六日獲委任） 公司資料 董事會 執行董事 戴志康先生（主席） 陶穎女士（代理首席執行官） 公司秘書 黎少娟女士 授權代表 黎少娟女士 陶穎女士 獨立非執行董事 張毅林先生 蔡漢強先生 | --- | --- | |---------------------------------------------|------------------------------| | | | | 孫自華先生 （於 ...