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IGG(00799) - 2023 - 中期财报
2023-09-05 08:34
Financial Performance - For the first half of 2023, IGG reported revenue of HKD 2,499,020, a year-on-year increase of 0.5% from HKD 2,485,739 in 2022[6]. - The company recorded a net loss of approximately HKD 359,798 for the first half of 2023, with a main business loss of HKD 360,765[6]. - Total revenue for the period was HKD 2.499 billion, a 1% increase year-on-year and a 19% increase compared to the second half of 2022[15]. - Gross profit for the period was HKD 1.806 billion, with a gross margin of 72%, up from 68% year-on-year[17]. - The company reported a total comprehensive loss of HKD 404,783 for the six months ended June 30, 2023, compared to a loss of HKD 171,771 for the same period last year[117]. - The company incurred a total loss of HKD 359,798 thousand for the period, which is a substantial increase from the loss of HKD 171,771 thousand reported in the same period last year[111]. - The company reported a pre-tax loss of HKD 359,798,000 for the six months ended June 30, 2023, compared to a loss of HKD 171,771,000 for the same period in 2022, representing an increase in loss of 109.5%[136]. Revenue Sources - The revenue distribution for the period was 44% from Asia, 26% from Europe, and 25% from North America[9]. - Kingdom Age contributed over HKD 1.6 billion in revenue during the period, accounting for 66.3% of total revenue[16]. - Doomsday: Last Survivors generated over HKD 82 million in revenue in July, with a total of 2.2 million players[12]. - Viking Rise achieved over HKD 70 million in revenue in May, following its launch in December 2022[11]. - Revenue from mobile games amounted to HKD 2,309,934,000, with the top titles being "King of Kingdoms" at HKD 1,657,471,000 and "Doomsday: Last Survivors" at HKD 249,850,000[126]. - Revenue from the app and mobile advertising aggregation platform business was HKD 189,086,000, a substantial increase from HKD 47,210,000 in the previous year[126]. User Metrics - IGG's total user base exceeded 1.6 billion, with monthly active users reaching over 38 million[8]. - The APP business experienced significant growth, with monthly revenue increasing from over HKD 12 million at the beginning of the year to over HKD 63 million in July, with registered users exceeding 300 million[12]. Expenses and Cost Management - R&D and administrative expenses were reduced by 30% year-on-year due to the integration of AI-generated content technology[7]. - Sales and distribution expenses increased by 85% to HKD 1.521 billion due to concentrated promotion of new games[19]. - R&D expenses decreased by 32% to HKD 500 million, representing 20% of total revenue[21]. - The total employee-related costs for the period amounted to HKD 541 million, down from HKD 714 million in the same period last year, with the number of employees decreasing to 2,165 from 2,763[31]. Cash Flow and Assets - The group reported a net current asset value of HKD 839 million, down from HKD 1.147 billion as of December 31, 2022, with a capital debt ratio of 34.6% compared to 25.4% in the previous year[24]. - The group had cash and cash equivalents of HKD 1.481 billion as of June 30, 2023, a decrease from HKD 1.582 billion as of December 31, 2022[24]. - The net cash outflow from operating activities during the period was HKD 44 million, an improvement from HKD 140 million in the same period last year, primarily due to increased advertising expenses for new game promotions[25]. - The net cash outflow from investment activities was HKD 13 million, with major cash outflows related to the construction of the office building in Fuzhou amounting to HKD 47.9 million[26]. Corporate Governance - The group is committed to maintaining high standards of corporate governance, with a focus on transparency and accountability to shareholders[40]. - The board of directors includes five executive directors, one non-executive director, and three independent non-executive directors, ensuring a balance of power and authority[40]. - The group has complied with the corporate governance code, except for the separation of the roles of chairman and CEO, which are currently held by the same individual[40]. Shareholder Information - The company holds a total of 295,559,643 shares, representing approximately 24.67% ownership[43]. - The beneficial owner Cai Zongjian holds 746,000 shares directly and has rights to 193,752,027 shares in Duke Online, totaling 194,498,027 shares[44]. - The company has not declared any interim dividends for the six months ended June 30, 2023, consistent with the previous year[30]. Strategic Initiatives - The company is optimistic about future performance, driven by the launch of two major new games and the expansion of the APP business[14]. - The company is focused on expanding its gaming distribution network in China through these structural agreements[98]. - The company plans to acquire full equity of Fuzhou Tianmeng and Xinhan Liaohuo if regulations allow in the future[106]. Structural Contracts and Regulatory Compliance - The original structural contract with Fuzhou Tianmeng was terminated, and a new structural contract was established, allowing for the financial performance of Fuzhou Tianmeng to be consolidated as if it were a subsidiary of the company[96]. - The company confirmed that there have been no regulatory inquiries from Chinese authorities regarding the structural contracts[104]. - The company has engaged KPMG as auditors to ensure compliance with structural contracts and that no dividends have been paid to equity holders of Fuzhou Tianmeng and Xinhan Liaohuo[105].
IGG(00799) - 2023 - 中期业绩
2023-08-23 10:04
Financial Performance - For the six months ended June 30, 2023, IGG Inc reported revenue of HKD 2,499,020, an increase of 0.5% compared to HKD 2,485,739 in the same period of 2022[7]. - The group recorded a net loss of HKD (359,798) for the period, compared to a loss of HKD (171,771) in the previous year, primarily due to ongoing investments in new game development[7]. - The group's revenue for the first half of 2023 reached HKD 2.499 billion, a 1% increase year-on-year and a 19% increase compared to the second half of 2022[16]. - The gross profit for the period was HKD 1.806 billion, a 6% increase from HKD 1.699 billion in the same period last year, resulting in a gross margin of 72%[18]. - The company reported a total comprehensive loss of HKD 404,783 for the six months ended June 30, 2023, compared to a loss of HKD 359,798 in the previous period[118]. Revenue Sources - The classic game "King of Kingdoms" contributed over HKD 1.6 billion in revenue during the first half of 2023, demonstrating stable performance after seven years of operation[7]. - The new games "Doomsday: Last Survivors" and "Viking Rise" achieved monthly revenues exceeding HKD 70 million, with "Doomsday: Last Survivors" reaching a record of HKD 82 million in July[7]. - The new games "Doomsday: Last Survivors" and "Viking Rise" contributed approximately 35% to the group's revenue, with "Doomsday: Last Survivors" generating HKD 249.85 million and "Viking Rise" generating HKD 122.88 million in the first half of 2023[10][17]. - Revenue from mobile games was HKD 2,309,934,000, with a notable decrease in revenue from "Kingdoms of Camelot" to HKD 1,657,471,000 from HKD 2,008,898,000 year-over-year[127]. Cost Management - The cost of sales decreased to HKD (693,307), down from HKD (787,102) year-on-year, indicating improved cost management[7]. - R&D and administrative expenses were reduced by 30% year-on-year, reflecting effective cost control measures[8]. - Administrative expenses for the period were HKD 159 million, a decrease of 19% compared to HKD 197 million in the same period of 2022, representing 6% of revenue, down from 8%[21]. - R&D expenses for the period were HKD 500 million, a significant decrease of 32% from HKD 738 million in the same period of 2022, accounting for 20% of revenue, down from 30%[22]. User Engagement - IGG Inc has a total user base exceeding 1.6 billion, with monthly active users (MAU) surpassing 38 million, indicating strong market presence[9]. - The total registered users for the APP business exceeded 300 million, with nearly 20 million monthly active users as of June 30, 2023[13]. - The total number of registered users for "Kingdoms of the World" reached 640 million, with nearly 10 million monthly active users as of June 30, 2023[11]. Strategic Outlook - The company is optimistic about future performance, expecting growth from the expansion of new games and APP business[8]. - The group plans to continue leveraging AIGC technology to enhance operational efficiency and reduce costs in future developments[15]. - The company plans to continue focusing on mobile game development and expanding its customer base in international markets, leveraging its diverse portfolio[126]. Financial Position - As of June 30, 2023, the group had net current assets of HKD 839 million, down from HKD 1.147 billion as of December 31, 2022, with a debt-to-asset ratio of 34.6%[25]. - The group had cash and cash equivalents of HKD 1.481 billion as of June 30, 2023, down from HKD 1.582 billion as of December 31, 2022[25]. - The company reported a total of HKD 5,783,000 in the balance of joint ventures as of June 30, 2023, down from HKD 7,599,000 as of December 31, 2022[149]. Shareholder Information - The company has a total of 295,559,643 shares held by various beneficial owners, representing 24.67% of the total shares[44]. - The performance shares that failed to meet vesting conditions totaled 7,688,862 shares for Mr. Cai and 1,289,437 shares for Mr. Zhang[46]. - The company has established an audit committee to oversee financial reporting and risk management, composed entirely of independent non-executive directors[96]. Regulatory and Compliance - The company is subject to Chinese laws that restrict foreign ownership in value-added telecommunications services and prohibit foreign provision of internet content and information services[96]. - The company confirmed that there have been no regulatory inquiries from Chinese authorities regarding the structural contracts as of the report date[104]. - The company has retained independent non-executive directors to review the performance and compliance of the structural contracts annually[105]. Investment and Acquisitions - The company is exploring potential acquisitions to enhance its product offerings and market presence, with a focus on companies that align with its strategic goals[194]. - The company plans to acquire full equity of Fuzhou Tianmeng and Xinhan Liao Kuo if regulations allow in the future[107]. - The company has ongoing commitments for the construction of self-use office buildings amounting to HKD 245,847 as of June 30, 2023[189].
IGG(00799) - 2022 - 年度财报
2023-04-27 09:28
1 公司資料 董事會 執行董事 蔡宗建先生 (主席兼首席執行官) 許元先生 張竑先生 沈潔蕾女士 陳豐先生 非執行董事 池元先生 目錄 | 公司資料 | 2 | | --- | --- | | 主席報告書 | 4 | | 管理層討論及分析 | 6 | | 董事及高級管理層簡介 | 19 | | 企業管治報告 | 23 | | 企業社會責任報告 | 38 | | 董事會報告 | 71 | | 獨立核數師報告 | 114 | | 綜合損益表 | 120 | | 綜合全面(虧損)╱收益表 | 121 | | 綜合財務狀況表 | 122 | | 綜合權益變動表 | 124 | | 綜合現金流量表 | 126 | | 財務報表附註 | 127 | | 財務摘要 | 214 | | 釋義 | 216 | 獨立非執行董事 梁漢基博士 余大堅先生 陸釗女士 董事會委員會 審核委員會 梁漢基博士 (主席) 余大堅先生 陸釗女士 提名委員會 梁漢基博士 (主席) 蔡宗建先生 余大堅先生 陸釗女士 薪酬委員會 陸釗女士 (主席) 蔡宗建先生 余大堅先生 聯席公司秘書 沈潔蕾女士 鄺燕萍女士 (FCG, HKFCG) 授權代表 蔡宗 ...
IGG(00799) - 2022 - 年度业绩
2023-03-28 12:35
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份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。 IGG INC (於開曼群島註冊成立的有限公司) (股份代號:799) 截至二零二二年十二月三十一日止年度的 年度業績公告 IGG Inc(「本公司」)及其附屬公司(「本集團」)董事會(「董事會」)謹此宣佈本公司及其附屬公司 截至二零二二年十二月三十一日止年度經審計業績。本公告列載本公司二零二二年年度報告全 文,並符合香港聯合交易所有限公司(「聯交所」)證券上市規則中有關年度業績初步公告附載的 資料之要求。 本業績公告的中英文版本可在本公司網站(www.igg.com)和聯交所網站(www.hkex.com.hk)查 閱。 本公司二零二二年年度報告將於適當時候在本公司網站(www.igg.com)及聯交所網站 (www.hkex.com.hk)上載並寄發予本公司股東。 ...
IGG(00799) - 2021 - 年度财报
2022-04-21 09:32
萝報告 0 0 GAMERS AT HEART 於開曼群島註冊成立的有限公司 IGG INC 股份代號: 799 目錄 | --- | --- | |----------------------|-------| | | | | 公司資料 | 2 | | 主席報告書 | 4 | | 管理層討論及分析 | 6 | | 董事及高級管理層簡介 | 20 | | 企業管治報告 | 25 | | 企業社會責任報告 | 39 | | 董事會報告 | 71 | | 獨立核數師報告 | 111 | | 綜合損益表 | 117 | | 綜合全面收益表 | 118 | | 綜合財務狀況表 | 119 | | 綜合權益變動表 | 121 | | 綜合現金流量表 | 123 | | 財務報表附註 | 124 | | 財務摘要 | 208 | | 釋義 | 210 | 年度報告 1 公司資料 | --- | --- | |---------------------------------|-------------------------------------------------------------------------- ...