Financial Performance - Total revenue for the six months ended June 30, 2024, was RMB 458.3 million, a decrease of 35.3% compared to RMB 708.4 million for the same period in 2023[1]. - The internet advertising business reported revenue of RMB 318.2 million, down from RMB 617.3 million year-over-year[1]. - Revenue for the first half of 2024 was RMB 458,259,000, a decrease of 35.5% compared to RMB 708,393,000 in the first half of 2023[8]. - Gross profit for the first half of 2024 was RMB 61,502,000, down 63.3% from RMB 166,954,000 in the same period last year[8]. - The company reported a net loss of RMB 19,078,000 for the first half of 2024, compared to a profit of RMB 22,084,000 in the first half of 2023[8]. - The adjusted loss for the period was RMB 17.6 million, compared to a profit of RMB 24.0 million in the same period last year[3]. - The company reported a loss attributable to ordinary equity holders of RMB 19,078,000 for the six months ended June 30, 2024, compared to a profit of RMB 22,084,000 for the same period in 2023[30][31]. User Metrics - Daily active users decreased to 15.4 million from 27.6 million, while monthly active users fell to 277.2 million from 447.1 million[5]. - The number of advertising page views dropped to 3,034.1 million from 5,271.8 million year-over-year[5]. - The number of paying customers for the user operation SaaS service increased to 531 as of June 30, 2024, compared to 519 in the first half of 2023[38]. SaaS Platform Performance - The user operation SaaS platform business generated revenue of RMB 117.0 million, up from RMB 84.6 million in the same period last year, with 531 paying customers as of June 30, 2024[4]. - The total value of new contracts signed (including renewals) for the six months was RMB 755 million, significantly higher than RMB 410 million in the same period last year[4]. - Revenue from the SaaS platform business was RMB 116,965 thousand, up 38.3% from RMB 84,583 thousand in the previous year[24]. - The total value of new contracts signed for the user operation SaaS platform reached RMB 75.5 million in the first half of 2024, significantly higher than RMB 41.0 million in the same period of 2023[38]. Cost and Expenses - Cost of goods sold for the six months ended June 30, 2024, was RMB 89,899 thousand, an increase of 93.8% from RMB 46,316 thousand in the previous year[26]. - Research and development expenses were RMB 23,802 thousand, down 27.6% from RMB 32,881 thousand in the same period last year[26]. - Selling and distribution expenses decreased by 39.3% to RMB 41.3 million in H1 2024 from RMB 68.1 million in H1 2023, accounting for approximately 9.0% of total revenue[45]. - Administrative expenses decreased by 23.5% to RMB 52.5 million in H1 2024 from RMB 68.6 million in H1 2023, representing about 11.5% of total revenue[46]. Cash Flow and Assets - Cash flow from operating activities for the first half of 2024 was a net outflow of RMB 374,925,000, compared to a net outflow of RMB 150,766,000 in the first half of 2023[12]. - Current assets totaled RMB 682,714,000 as of June 30, 2024, compared to RMB 1,756,112,000 as of December 31, 2023[10]. - Cash and cash equivalents at the end of June 30, 2024, amounted to RMB 232,033 thousand, up from RMB 191,447 thousand at the end of June 30, 2023, reflecting a year-over-year increase of approximately 21.2%[14]. - The company incurred a significant cash outflow of RMB (402,664) thousand for the purchase of time deposits during the six months ended June 30, 2024, compared to RMB (108,365) thousand in the same period of 2023[13]. Liabilities and Financial Position - The company’s total liabilities increased to RMB 953,406,000 as of June 30, 2024, up from RMB 784,108,000 at the end of 2023[11]. - The company's capital debt ratio increased to approximately 34.5% as of June 30, 2024, from 8.1% as of June 30, 2023, primarily due to an increase in interest-bearing bank loans[50]. - The group reported a decline in revenue and gross profit in its internet advertising business for the six months ended June 30, 2024, due to cautious spending by advertising clients[61]. Corporate Governance and Compliance - The company has adhered to all applicable corporate governance code provisions for the six months ending June 30, 2024[64]. - The board of directors has confirmed compliance with the securities trading standards for the six months ending June 30, 2024[65]. - The audit committee reviewed the unaudited interim results for the six months ending June 30, 2024[67].

Financial Performance - The company's revenue for 2023 decreased by 32.2% year-on-year to RMB 1,096.4 million, down from RMB 1,616.6 million in 2022[8]. - The net profit attributable to the company's shareholders for 2023 was RMB 30.5 million, a significant recovery from a net loss of RMB 45.9 million in 2022[8]. - The adjusted net profit for 2023 was RMB 35.5 million, compared to an adjusted loss of RMB 31.8 million in 2022, primarily due to reduced operating costs and stricter internal control of related expenses[14]. - The internet advertising business revenue fell sharply to RMB 838.9 million in 2023 from RMB 1,425.8 million in 2022[13]. - Gross profit for the year was RMB 244.5 million, down about 20.9% from RMB 309.1 million in 2022, with a gross margin of approximately 22.3%[35]. - Selling and distribution expenses decreased by 23.8% to RMB 117.7 million, while the percentage of total revenue increased to approximately 10.7%[36]. - Administrative expenses were RMB 115.8 million, a reduction of 42.8% from RMB 202.5 million in 2022, with the percentage of total revenue decreasing to about 10.6%[38]. - The company recorded a profit attributable to equity holders of RMB 30.5 million, compared to a loss of RMB 45.9 million in 2022, with basic earnings per share of RMB 0.029[39]. - The company recorded total revenue of RMB 1,096.4 million for the year ended December 31, 2023, a decrease of approximately 32.2% compared to RMB 1,616.6 million in 2022[34]. User Operation SaaS Platform - The user operation SaaS platform business generated revenue of RMB 191.9 million in 2023, an increase from RMB 165.5 million in 2022[13]. - The total value of new contracts signed (including renewals) for the user operation SaaS platform was approximately RMB 89.2 million in 2023, down from RMB 138.8 million in 2022[16]. - The company signed 368 new contracts (including renewals) for its user operation SaaS platform in 2023, down from 464 in 2022[23]. - Revenue from the user operation SaaS platform increased by 15.9% to RMB 191.9 million, primarily due to growth in other value-added services[34]. - The average revenue per signed contract was approximately RMB 242,000 in 2023[23]. Advertising Business - Internet advertising revenue dropped by 41.2% to RMB 838.9 million in 2023, compared to RMB 1,425.8 million in 2022[29]. - Internet advertising revenue decreased by 41.2% to RMB 838.9 million, reflecting a significant weakness in growth due to tightening budgets from advertising clients amid economic uncertainty[34]. - The number of content distribution channels for internet advertising decreased to 3,362 in 2023 from 5,023 in 2022[21]. Customer Metrics - As of December 31, 2023, the company had 693 paying customers, a decrease from 711 in 2022, with 248 from the financial sector and 445 from other industries[16]. - Daily active users decreased to 23.2 million in 2023 from 36.9 million in 2022, while monthly active users fell to 373.0 million from 565.6 million[17]. - The company's major customers accounted for 74.0% of total revenue for the fiscal year ending December 31, 2023, down from 86.8% in 2022, with the largest customer contributing 30.4% of total revenue[89]. Assets and Liabilities - Total non-current assets increased to RMB 385.4 million in 2023, up from RMB 226.0 million in 2022[12]. - Current assets rose to RMB 1,756.1 million in 2023, compared to RMB 1,583.7 million in 2022[12]. - Total current liabilities increased to RMB 784.1 million in 2023 from RMB 501.1 million in 2022[12]. - As of December 31, 2023, the group holds a 19.0% stake in Zhejiang Gushang Intelligent Technology Co., Ltd. with a book value of RMB 234.9 million, representing approximately 11.0% of the group's total assets[50]. Operational Efficiency - The company’s R&D expenses decreased by 63.8% to RMB 44.7 million in 2023 from RMB 123.5 million in 2022, with R&D staff reduced to 144 from 298[30]. - The click-through rate improved to 29.8% in 2023 from 24.9% in 2022[17]. - The company aims to continue providing efficient and precise digital marketing solutions to enhance customer loyalty amid economic uncertainties[9]. Economic Outlook - The outlook for 2024 indicates that global economic uncertainties may impact the growth rate of advertising spending, leading to conservative digital transformation expenditures by businesses[9]. - The group anticipates that global economic uncertainty may impact the growth rate of advertising spending in 2024, leading to more conservative digital transformation expenditures by companies[58]. Corporate Governance - The company has established a compensation committee to review the compensation policies and structures for all directors and senior management, considering the group's operational performance and individual contributions[116]. - The board consists of three executive directors, one non-executive director, and three independent non-executive directors, complying with listing rules regarding board composition[183]. - The company has implemented a board diversity policy that considers various aspects such as gender, age, and professional qualifications[189]. - The audit committee, chaired by an independent non-executive director, oversees the effectiveness of financial reporting and internal controls[169]. - The company has retained Ernst & Young as its auditor for the reporting period, with a resolution for their reappointment to be presented at the annual general meeting[173]. Employee Relations - The number of employees decreased to 437 as of December 31, 2023, down from 748 a year earlier, with employee benefit expenses amounting to approximately RMB 166.5 million[56]. - The company has not experienced any labor disputes or strikes during the reporting period, maintaining good relations with employees[95]. - The company provides competitive salaries and additional benefits to employees, including meal subsidies and continuous education[94]. Environmental and Social Responsibility - The company is committed to environmental protection and resource conservation, implementing various measures to reduce energy consumption and carbon emissions[98]. - The group donated a total of RMB 26,000 to various charitable organizations during the year ended December 31, 2023[57]. - The company made charitable donations totaling RMB 260,000 during the reporting period[160]. Investment and Financial Management - The company is exploring investment opportunities in private equity funds and fixed-income private funds to better utilize its cash reserves[69]. - The company has implemented a financial product investment management policy to enhance investment approval processes, particularly for non-principal protected products exceeding RMB 20 million, which requires board approval[78]. - The company has established long-term relationships with major customers and has a large customer base, focusing on improving customer experience and reducing complaints[92].

Financial Performance - Total revenue for the year ended December 31, 2023, was RMB 1,096,438, a decrease of 32.2% compared to RMB 1,616,602 in 2022[1] - Gross profit for 2023 was RMB 244,472, down from RMB 309,119 in 2022, reflecting a decline in gross margin[3] - The company reported a net profit of RMB 30,450 for 2023, compared to a net loss of RMB 45,897 in 2022, indicating a significant turnaround[3] - Total revenue from customer contracts decreased to RMB 1,096,438 thousand in 2023 from RMB 1,616,602 thousand in 2022, representing a decline of approximately 32.2%[25] - Internet advertising business revenue fell to RMB 838,859 thousand in 2023, down from RMB 1,425,784 thousand in 2022, a decrease of about 41.2%[25] - The user operation SaaS platform business generated revenue of RMB 191,884 thousand in 2023, up from RMB 165,548 thousand in 2022, reflecting a growth of approximately 15.9%[25] - Pre-tax profit for 2023 was RMB 35,383 thousand, compared to a loss of RMB 27,157 thousand in 2022, indicating a turnaround in profitability[30] - Basic earnings per share for 2023 was RMB 30,450 thousand, recovering from a loss of RMB 45,897 thousand in 2022[33] Cash Flow and Assets - The company’s cash and cash equivalents decreased to RMB 288,460 in 2023 from RMB 654,671 in 2022, reflecting cash flow challenges[6] - Operating cash flow for 2023 was a net outflow of RMB 297,099 thousand, compared to a net outflow of RMB 176,368 thousand in 2022, indicating a significant increase in cash used in operations[9] - Cash flow from investing activities showed a net inflow of RMB 24,417 thousand in 2023, down from RMB 75,057 thousand in 2022, reflecting reduced asset sales and investments[11] - Cash flow from financing activities resulted in a net inflow of RMB 299,129 thousand in 2023, compared to RMB 118,966 thousand in 2022, primarily due to new bank borrowings of RMB 906,510 thousand[11] - The total cash and cash equivalents at the end of 2023 amounted to RMB 288,460 thousand, an increase from RMB 251,478 thousand at the end of 2022[13] - Total current assets as of December 31, 2023, were RMB 1,756,112, compared to RMB 1,583,664 in 2022, indicating an increase in liquidity[6] - Total liabilities increased to RMB 784,108 in 2023 from RMB 501,078 in 2022, indicating a rise in financial obligations[6] - The company’s equity attributable to owners of the parent was RMB 1,354,996, up from RMB 1,307,591 in 2022, showing a strengthening balance sheet[7] Customer and Market Insights - The group reported significant revenue from major customers, with Customer 1 contributing RMB 333,619,000 and Customer 2 contributing RMB 299,779,000 in 2023[23] - All of the group's revenue was generated from customers in mainland China, indicating a focused operational region[22] - The number of paid customers for the user operation SaaS service decreased to 693 in 2023 from 711 in 2022, including 248 customers from the financial sector[39] - Daily active users for the internet advertising business decreased to 2.32 million in 2023 from 3.69 million in 2022, while monthly active users fell to 3.73 million from 5.66 million[44] - The number of advertising clients served by the internet advertising business was 1,066 in 2023, down from 1,334 in 2022[46] Operational Efficiency - Research and development costs significantly decreased to RMB 44,739 thousand in 2023 from RMB 123,515 thousand in 2022, a reduction of approximately 63.7%[27] - Selling and distribution expenses decreased by 23.8% to RMB 117.7 million, while the percentage of selling and distribution expenses to total revenue increased to approximately 10.7%[56] - Administrative expenses were RMB 115.8 million, a reduction of 42.8% from RMB 202.5 million in 2022, with administrative expenses as a percentage of total revenue decreasing to about 10.6%[58] - The company continues to enhance its advertising technology capabilities through an internet advertising platform that provides automated and customized services for content distribution channels and advertising clients[49] Governance and Compliance - The group has adopted new and revised Hong Kong Financial Reporting Standards, which do not significantly impact the measurement, recognition, or presentation of any items in the financial statements[20] - The group has a single operating segment for management purposes, which simplifies resource allocation and performance evaluation[21] - The group has implemented changes in accounting policies regarding deferred tax assets and liabilities, ensuring compliance with updated standards[24] - The audit committee has reviewed the group's financial performance and consolidated financial statements for the year ending December 31, 2023[84] - The independent auditor's report indicates that the consolidated financial statements fairly reflect the group's financial position as of December 31, 2023[85] Future Outlook - In 2024, global economic uncertainty may impact the growth rate of advertising spending, leading to more conservative digital transformation expenditures by companies[75] - The company aims to provide efficient and precise digital marketing solutions to enhance customer loyalty and support digital transformation for enterprises[74]

Revenue and Growth - Total revenue for the six months ended June 30, 2023, was RMB 708.4 million, representing a 36.8% increase compared to RMB 518.0 million in the same period of 2022[7]. - Internet advertising business revenue reached RMB 617.3 million, compared to RMB 447.9 million in the same period last year[7]. - The user operation SaaS platform business generated revenue of RMB 84.6 million, up from RMB 70.1 million in the first half of 2022, with 519 paying customers as of June 30, 2023[10]. - The internet advertising business generated revenue of RMB 617.3 million, up 37.8% from RMB 447.9 million in the first half of 2022, driven by recovering demand from advertising clients[18]. - Revenue from the SaaS platform business was RMB 84,583,000, up from RMB 70,073,000, indicating a growth of 20.0% year-over-year[93]. - The company expects a revenue growth of 25% for the second half of 2023, driven by new product launches and market expansion[145]. Profitability and Financial Performance - Adjusted profit for the six months ended June 30, 2023, was RMB 24.0 million, compared to an adjusted loss of RMB 58.4 million in the same period of 2022[9]. - The company reported a profit attributable to shareholders of RMB 22.1 million for the first half of 2023, compared to a loss of RMB 62.1 million in the same period of 2022[26]. - The gross profit for the first half of 2023 was RMB 167.0 million, representing a 73.1% increase from RMB 96.4 million in the same period of 2022, with a gross margin of approximately 23.6%[23]. - The net profit for the period was RMB 22,084 thousand, a significant recovery from a net loss of RMB 62,090 thousand in the prior year[77]. - The total comprehensive income for the period amounted to RMB 44,836 thousand, compared to a loss of RMB 31,336 thousand in the previous year[78]. - The gross margin for the first half of 2023 was reported at 40%, a slight increase from 38% in the previous year[145]. User Metrics - The number of daily active users increased to 27.6 million from 20.0 million year-over-year, while monthly active users rose to 447.1 million from 373.1 million[11]. - The number of advertising clients served increased to 690 from 521 year-over-year, reflecting a recovery in advertising budgets[12]. - User data showed a growth of 15% in active users, reaching 3 million by June 30, 2023[145]. - Customer retention rate improved to 85%, reflecting the effectiveness of recent customer engagement strategies[145]. Expenses and Cost Management - Research and development expenses decreased by 54.2% to RMB 32.9 million from RMB 71.9 million in the first half of 2022[20]. - Administrative expenses were reduced by 36.2% to RMB 68.6 million from RMB 107.5 million in the first half of 2022, leading to a decrease in the percentage of administrative expenses to total revenue to approximately 9.7%[25]. - The cost of goods sold for the period was RMB 46,316,000, compared to RMB 16,541,000 in 2022, reflecting a substantial increase[95]. Cash Flow and Financial Position - Cash outflow from operating activities was RMB 150.8 million, significantly higher than RMB 59.3 million in the first half of 2022, primarily due to a substantial increase in trade receivables[28]. - The company had cash and cash equivalents of approximately RMB 191.4 million as of June 30, 2023, compared to RMB 232.5 million as of June 30, 2022[30]. - Trade receivables increased to RMB 420,268,000 as of June 30, 2023, up from RMB 253,812,000 at the end of 2022, with a provision for impairment of RMB 52,288,000[104]. - The company reported a decrease in restricted cash by RMB 2,200 thousand, with no such decrease reported in the previous year[82]. - The company reported a pre-tax profit of RMB 28,284 thousand for the first half of 2023, a turnaround from a loss of RMB (63,759) thousand in the same period of 2022[82]. Shareholder Information and Equity - As of June 30, 2023, the total number of issued shares is 1,076,823,200[54]. - Mr. Chen holds 471,415,829 shares, representing approximately 43.78% of the company's equity[53]. - Major shareholder, China Merchants Yonglong Trust Co., Ltd., holds 454,552,000 shares, accounting for 42.21% of the company's equity[56]. - The company did not declare any interim dividends for the reporting period, consistent with the previous year[98]. Legal and Compliance - The company is currently facing a legal claim with a maximum amount of approximately HKD 61 million, but management believes there are sufficient defenses against this claim[35]. - The company has no pledged assets as of June 30, 2023[36]. - The company has not engaged in any significant investments or acquisitions outside its normal business operations as of June 30, 2023[34]. Strategic Initiatives and Future Outlook - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share by the end of 2024[145]. - A strategic acquisition of a local tech firm is anticipated to enhance the company's service offerings and customer base[145]. - The company has introduced a new subscription model, projected to contribute an additional RMB 200 million in annual revenue[145]. - The company is committed to sustainability initiatives, aiming to reduce operational carbon emissions by 20% by 2025[145].

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。 DUIBA GROUP LIMITED 兌 吧 集 团 有 限 公 司 （於開曼群島註冊成立之有限公司） 1753 （股份代號： ） 2023 6 30 截 至 年 月 日 止 六 個 月 中 期 業 績 公 告 2023 6 30 截至 年 月 日止六個月的財務及運營資料摘要 財務資料摘要 6 30 截至 月 日止六個月 2023 年 2022年 （未經審核） （未經審核） 人民幣千元 人民幣千元 收入 用戶運營SaaS平台業務 84,583 70,073 互聯網廣告業務 617,343 447,935 其他 6,467 3 合計 708,393 518,011 ...

Financial Performance - In 2022, Duiba Group Limited achieved a revenue growth of 23.2% year-on-year, reaching RMB 1,616.6 million compared to RMB 1,312.5 million in 2021[10]. - The gross profit for 2022 was RMB 309.1 million, down from RMB 370.5 million in 2021, indicating a decline in gross margin due to increased costs in the advertising business[13]. - The adjusted net loss for the year was RMB 31.8 million, a significant increase from an adjusted profit of RMB 12.0 million in 2021, primarily due to rising costs in the internet advertising segment[15]. - The company recorded total revenue of RMB 1,616.6 million for the year ended December 31, 2022, representing an increase of approximately 23.2% compared to RMB 1,312.5 million in 2021[34]. - Internet advertising revenue grew by 25.1% to RMB 1,425.8 million, driven by recovering demand and budget from advertisers, as well as an increase in daily active users from 30.2 million to 36.9 million and monthly active users from 434.4 million to 565.6 million[34]. - The company's gross profit decreased to RMB 309.1 million, down approximately 16.6% from RMB 370.5 million in 2021, with a gross margin of 19.1% compared to 28.2% in 2021[37]. Customer Metrics - As of December 31, 2022, the number of paying customers for the SaaS platform decreased to 711 from 1,190 in 2021, with a retention rate of approximately 57.7%[16]. - The total value of new contracts signed, including renewals, was RMB 138.8 million in 2022, down from RMB 186.7 million in 2021[16]. - The number of paid customers for user operation SaaS services decreased to 711 in 2022 from 1,190 in 2021, with a total contract value of RMB 138.8 million, down from RMB 186.7 million in 2021[24]. - The total number of new contracts signed for user operation SaaS services was 464 in 2022, down from 820 in 2021[24]. Operational Metrics - Daily active users increased to 36.9 million in 2022 from 30.2 million in 2021, while monthly active users rose to 565.6 million from 434.4 million[17]. - The average revenue per billing click under CPC model increased to RMB 0.41 in 2022 from RMB 0.37 in 2021[17]. - The click-through rate decreased to 24.9% in 2022 from 28.6% in 2021[17]. - The number of content distribution channels for internet advertising increased to 5,023 in 2022 from 4,923 in 2021[21]. Expenses and Losses - R&D expenses decreased by 28.1% to RMB 123.5 million in 2022 from RMB 171.8 million in 2021[31]. - Sales and distribution expenses decreased by 3.5% to RMB 154.5 million, with the percentage of total revenue dropping to approximately 9.6% from 12.2% in 2021[38]. - Administrative expenses were RMB 202.5 million, a decrease of 21.6% from RMB 258.4 million in 2021, with the percentage of total revenue falling to approximately 12.5% from 19.7% in 2021[39]. - The company reported a loss attributable to shareholders of RMB 45.9 million for the year, compared to a loss of RMB 11.8 million in 2021, with basic loss per share increasing to RMB 4.4 cents from RMB 1.1 cents[40]. - Operating cash outflow for the year was RMB 176.4 million, significantly higher than RMB 12.0 million in 2021, primarily due to an increase in trade receivables[44]. Assets and Equity - Non-current assets increased to RMB 226.0 million in 2022 from RMB 174.2 million in 2021, indicating growth in long-term investments[13]. - Current assets rose to RMB 1,583.7 million in 2022, compared to RMB 1,391.3 million in 2021, showing improved liquidity[13]. - The total equity as of December 31, 2022, was RMB 1,307.6 million, slightly up from RMB 1,287.0 million in 2021, indicating stability in the company's financial position[13]. - As of December 31, 2022, the company had cash and cash equivalents of approximately RMB 251.5 million, up from RMB 225.7 million in 2021, with no unused bank financing[48]. Future Outlook - The company anticipates recovery in advertising budgets and continued growth opportunities in the SaaS business due to the digital transformation in various industries[10]. - The company plans to continue enhancing its advertising services and expanding its user operation SaaS business in response to the recovering market conditions[37]. - The company aims to procure high-quality traffic from core content channels and expand its client base in various fields to maintain growth momentum in 2023[37]. - The group aims to enhance user loyalty through digital transformation and plans to expand its advertising client base in 2023 following the recovery of advertising budgets[59]. Shareholder and Governance - The group’s five largest customers accounted for 86.8% of total revenue for the fiscal year, with the largest customer contributing 29.7%[68]. - The group’s five largest suppliers represented 56.9% of total procurement, with the largest supplier accounting for 40.5%[70]. - The company has established long-term relationships with major customers and is committed to improving customer experience and service quality[71]. - The board of directors confirmed that there were no significant violations of applicable laws and regulations affecting the company's operations as of December 31, 2022[78]. - The company has adhered to corporate governance principles and will continue to review and monitor its governance practices[163]. - The board consists of independent non-executive directors who provide impartial opinions on the group's strategy, performance, and control issues, ensuring the interests of all shareholders are considered[175]. Employee Relations - The group’s employee count decreased to 748 as of December 31, 2022, down from 935 in the previous year, with employee benefit expenses amounting to RMB 292.1 million[56]. - The company has not experienced any labor disputes or strikes during the reporting period, indicating good employee relations[74]. - The company provides competitive salaries and additional benefits to employees, including continuous education and training[73]. - The company aims to create favorable conditions to attract more female talent, thereby gradually increasing the proportion of female employees in senior management positions[185]. Legal and Compliance - The group is currently facing a legal claim with a maximum amount of approximately HKD 61 million, but management believes there are sufficient defenses against this claim[53]. - The company has maintained a public float of at least 25% of its total issued shares, complying with the minimum public holding requirement[158]. - The audit committee has reviewed the company's annual performance and consolidated financial statements for the year ended December 31, 2022[160]. - Ernst & Young has been appointed as the auditor for the reporting period and will be proposed for reappointment at the annual general meeting[161]. Share Options and Incentives - The company has implemented multiple employee incentive plans, including stock option plans and restricted stock unit plans, to motivate employees and directors[98]. - The maximum number of shares that can be issued under the share option plan is 111,111,120, representing approximately 10.31% of the total issued shares as of the report date[117]. - The share option plan is valid for ten years from the listing date, with approximately six years remaining as of the report date[117]. - The stock unit incentive plan was adopted on November 1, 2018, targeting eligible participants with at least 36 to 48 months of service[128]. - The total number of stock units granted to employees under the stock unit incentive plan was 65,000, which can be exercised immediately[129].

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。 DUIBA GROUP LIMITED 兌 吧 集 团 有 限 公 司 （於開曼群島註冊成立的有限公司） 1753 （股份代號： ） 2022 12 31 截 至 年 月 日 止 年 度 之 全 年 業 績 公 告 及 建 議 修 訂 組 織 章 程 大 綱 及 組 織 章 程 細 則 財務資料摘要 12 31 截至 月 日止年度 2022 年 2021年 人民幣千元 人民幣千元 收入 用戶運營SaaS平台業務 165,548 173,166 互聯網廣告業務 1,425,784 1,139,300 其他 25,270 10 合計 1,616,602 1,312,476 ...

Financial Performance - Total revenue for the six months ended June 30, 2022, was RMB 518.0 million, a decrease of 28.1% compared to RMB 720.5 million for the same period in 2021[7]. - The adjusted loss for the six months ended June 30, 2022, was RMB 58.4 million, compared to a profit of RMB 72.7 million in the same period of 2021[9]. - The company reported a net loss attributable to shareholders of RMB 62.1 million for the six months ended June 30, 2022, compared to a profit of RMB 62.8 million in the same period of 2021[39]. - The company's gross profit for the six months ended June 30, 2022, was RMB 96.4 million, a decrease of approximately 56.1% from RMB 219.4 million in the first half of 2021, resulting in a gross margin of about 18.6%[36]. - For the six months ended June 30, 2022, the company recorded total revenue of RMB 518.0 million, a decrease of approximately 28.1% compared to RMB 720.5 million for the same period in 2021[34]. - The company incurred a loss before tax of RMB 63,759,000, compared to a profit of RMB 66,463,000 in the previous year[95]. - The total comprehensive loss for the period was RMB 31,336 thousand, reflecting the impact of foreign exchange differences[101]. User Metrics - The number of paid customers as of June 30, 2022, was 568, down from 872 in the first half of 2021, with a retention rate of approximately 47.3%[11]. - Daily active users decreased to 20.0 million from 26.7 million year-over-year, while monthly active users decreased to 373.1 million from 391.0 million[12]. - The number of paid customers using the company's SaaS services decreased to 568 from 872 year-on-year, with 160 from the financial sector, down from 264[20]. - The user base increased by 20% year-over-year, reaching 1 million active users by June 30, 2022[183]. Advertising and Revenue Streams - New contract value for the six months ended June 30, 2022, was RMB 644 million, compared to RMB 744 million in the first half of 2021[11]. - Total advertising page views for the six months ended June 30, 2022, were 3,938.5 million, down from 6,927.6 million in the same period of 2021[12]. - The company's interactive effect advertising business revenue declined by 31.3% to RMB 447.9 million, down from RMB 651.9 million in the first half of 2021[28]. - Revenue from the user operation SaaS business increased by 2.2% to RMB 70.1 million, up from RMB 68.6 million in the previous year[20]. - The contribution from financial clients to the advertising business dropped significantly, with only 2% of revenue coming from this sector compared to 47% in the previous year[28]. - Interactive effect advertising business revenue decreased to RMB 447,935 thousand, down 31.2% from RMB 651,929 thousand in the prior period[118]. Research and Development - Research and development expenses decreased by 8.9% to RMB 71.9 million for the six months ended June 30, 2022, compared to RMB 78.9 million in the first half of 2021[32]. - The company aims to increase R&D investment to provide comprehensive user operation SaaS services, targeting industries with significant untapped potential[26]. - The company is investing RMB 50 million in R&D for new technologies, aiming for a 10% improvement in service efficiency[183]. Corporate Governance - The company has adopted the Corporate Governance Code to enhance shareholder rights and corporate accountability[67]. - As of June 30, 2022, the company has complied with all applicable provisions of the Corporate Governance Code[68]. - The board does not recommend declaring any interim dividend for the current period, consistent with the previous year[65]. Cash Flow and Assets - Operating cash outflow for the six months ended June 30, 2022, was RMB 59.3 million, a significant change from a cash inflow of RMB 18.9 million in the first half of 2021[43]. - The company’s cash and cash equivalents amounted to approximately RMB 232.5 million as of June 30, 2022, down from RMB 289.4 million as of June 30, 2021[45]. - The total current liabilities increased to RMB 293,890 thousand, up 6.4% from RMB 276,080 thousand[98]. - The total non-current assets amounted to RMB 208,431 thousand, an increase of 19.6% from RMB 174,249 thousand as of December 31, 2021[98]. Future Outlook - The company plans to upgrade its SaaS services to include three product tiers: basic, premium, and VIP custom versions to meet diverse customer needs[23]. - The company aims to enhance user loyalty through digital transformation and is focused on optimizing its user operation SaaS business model to create value for enterprises[63]. - The company has set a performance guidance of 10% revenue growth for the full year 2022[183]. - A strategic acquisition is in progress, which is projected to enhance the company's market position by 25%[183]. Employee and Shareholder Information - The total employee count as of June 30, 2022, was 945, with a total wage cost and employee benefits expenditure of approximately RMB 149.1 million for the six months ended June 30, 2022, compared to RMB 144.0 million for the same period in 2021[59]. - Chairman and CEO Chen Xiaoliang holds 44.71% of the company's shares, totaling 481,442,579 shares[77]. - Major shareholders include 招商永隆信託有限公司 with a 42.21% stake, holding 454,552,000 shares[86]. Legal and Compliance - The company is currently facing a legal claim with a maximum amount of approximately HKD 61,000,000, but the board believes there are sufficient defenses against this claim[146]. - The group did not experience any transfers between Level 1 and Level 2 fair value measurements during the reporting period[177].

Financial Performance - Duiba Group's user operation SaaS business revenue increased by 114.7% to RMB 173.2 million in 2021, compared to RMB 80.7 million in 2020[11] - Total revenue for Duiba Group in 2021 was RMB 1,312.5 million, representing a 22.6% increase from RMB 1,070.9 million in 2020[14] - The interactive effect advertising business generated RMB 1,139.3 million in revenue in 2021, up from RMB 990.1 million in 2020[14] - Gross profit for the year was RMB 370.5 million, compared to RMB 224.3 million in 2020[14] - The company reported a pre-tax loss of RMB 10.7 million for 2021, an improvement from a loss of RMB 70.5 million in 2020[14] - Adjusted annual profit for the year ended December 31, 2021, was RMB 11.973 million, compared to a loss of RMB 25.128 million in 2020, reflecting a significant improvement[18] - The company reported a loss attributable to shareholders of RMB 11.8 million for the year ended December 31, 2021, a significant reduction from RMB 63.6 million in 2020[51] - Adjusted profit for the year was RMB 12.0 million, compared to an adjusted loss of RMB 25.1 million in 2020, driven by significant revenue growth[53] Customer Metrics - The number of paying customers for the SaaS service rose by 43.0% to 1,190 in 2021, up from 832 in 2020[11] - Average revenue per customer increased by 82.4% to approximately RMB 228,000 in 2021, compared to RMB 125,000 in 2020[11] - Daily active users reached 30.2 million in 2021, up from 25.5 million in 2020, while monthly active users increased to 434.4 million from 324.1 million[21] - The number of paid customers using the user operation SaaS platform increased to 1,190 as of December 31, 2021, up from 832 in 2020, including 275 customers from the financial sector[19] Contract and Revenue Growth - Total value of new contracts signed (including renewals) for the user operation SaaS business reached RMB 186.7 million in 2021, a 79.7% increase from RMB 104.0 million in 2020[30] - The user operation SaaS business generated revenue of RMB 173.2 million, representing a 114.7% increase from RMB 80.7 million in 2020, primarily due to higher contract prices and significant contributions from new contracts with banking clients[44] - The interactive effect advertising business revenue grew by 15.1% to RMB 1,139.3 million for the year ended December 31, 2021, up from RMB 990.1 million in 2020, with 40.0% of this revenue coming from the financial sector[39] Expenses and Cost Management - Sales and distribution expenses increased by 34.4% to RMB 160.1 million in 2021, up from RMB 119.1 million in 2020, accounting for about 12.2% of total revenue[49] - Administrative expenses rose by 18.4% to RMB 258.4 million in 2021, compared to RMB 218.2 million in 2020, with R&D expenses at RMB 171.8 million, up from RMB 129.5 million in 2020[50] - The company plans to focus on cost control and expanding collaborations with a broader range of industry clients in 2022[11] - The company is focused on cost control and developing potential client partnerships to mitigate the impact of client budget reductions on its advertising business[38] Research and Development - The company increased its R&D expenditure by 32.6% to RMB 171.8 million in 2021, up from RMB 129.5 million in 2020, with R&D staff comprising 55.6% of total employees[42] - The company aims to expand its market presence by increasing R&D investments to provide comprehensive user operation SaaS services, particularly targeting offline enterprises with large user bases[34] Shareholder and Equity Information - As of December 31, 2021, Mr. Chen holds 492,084,329 shares, representing approximately 45.70% of the company's equity[119] - The total number of issued shares as of December 31, 2021, is 1,076,823,200 shares[127] - The major shareholder, China Merchants Yonglong Trust Co., Ltd., holds 454,552,000 shares, accounting for approximately 42.21% of the company's equity[126] - The stock option plan allows for a maximum of 111,111,120 shares to be issued, which is approximately 10.31% of the total shares issued as of the report date[130] Environmental and Social Responsibility - The company has implemented various energy-saving and resource conservation measures, including waste sorting and paperless operations, to minimize resource consumption[87] - The company has complied with relevant environmental laws and regulations, with no known environmental violations during the reporting period[88] - The company made charitable and other donations totaling RMB 50,000 during the reporting period[145] Governance and Compliance - The board of directors confirmed the independence of all independent non-executive directors during the reporting period[107] - There were no significant violations of applicable laws and regulations that had a major impact on the company's business and operations as of December 31, 2021[88] - The audit committee, chaired by an independent non-executive director, has reviewed the accounting principles and policies adopted by the company[161] - Ernst & Young has been appointed as the auditor for the reporting period and will be proposed for reappointment at the annual general meeting[162] Future Plans and Strategies - The company plans to continue expanding its user operation SaaS services to offline enterprises, leveraging partnerships with leading brands in various industries[30] - The company aims to align the interests of eligible participants with its value through the stock option plan[130] - The company has established a diversity policy for board member nominations, aligning with its overall development strategy[180]

Financial Performance - Revenue for the six months ended June 30, 2021, increased by 53.8% to RMB 720.5 million compared to RMB 468.4 million for the same period in 2020[9]. - Adjusted profit for the six months ended June 30, 2021, was RMB 72.7 million, compared to a loss of RMB 23.3 million in the same period of 2020[11]. - Gross profit for the six months ended June 30, 2021, was RMB 219.4 million, a 225.5% increase from RMB 67.4 million in the same period of 2020, resulting in a gross margin of approximately 30.5%[35]. - The company reported a profit attributable to shareholders of RMB 62.8 million for the six months ended June 30, 2021, compared to a loss of RMB 47.8 million in the same period of 2020[38]. - The company achieved a profit before tax of RMB 66,463,000, recovering from a loss of RMB 57,380,000 in the prior year[84]. - The total comprehensive income for the period was RMB 56,298,000, compared to a loss of RMB 37,398,000 in the same period last year[86]. - The company reported a basic and diluted earnings per share of 6 cents, compared to a loss of 5 cents per share in the previous year[86]. Customer and Contract Metrics - The number of paid customers increased to 872 as of June 30, 2021, from 727 in the same period of 2020, including 264 customers from the financial sector[12]. - The total value of new contracts signed (including renewals) for the six months ended June 30, 2021, was RMB 744 million, up from RMB 396 million in the same period of 2020[12]. - The total value of new contracts signed (including renewals) for the user operation SaaS business reached approximately RMB 74.4 million, a significant increase from RMB 39.6 million in the same period last year[21]. - The company signed 118 new contracts with banking clients in the first half of 2021, with a total value of RMB 33.9 million, compared to 97 contracts worth RMB 14.8 million in the same period of 2020[22]. User Engagement - Daily active users reached 26.7 million, while monthly active users increased to 391 million as of June 30, 2021, compared to 25.1 million and 364.5 million, respectively, in 2020[13]. - The click-through rate improved to 28.3% for the six months ended June 30, 2021, compared to 26.7% in the same period of 2020[13]. - The average revenue per click under the CPC model remained stable at RMB 0.31 for both periods[13]. Revenue Breakdown - Revenue from interactive advertising business was RMB 651,929,000, up 48.0% from RMB 440,028,000 in the previous year[106]. - Revenue from user operation SaaS platform business reached RMB 68,560,000, a significant increase of 142.5% compared to RMB 28,353,000 in the prior period[106]. - Revenue from the user operation SaaS platform business was RMB 68.6 million for the six months ended June 30, 2021, compared to RMB 28.4 million in the same period of 2020[12]. Operational Changes - The company plans to continue expanding its market presence and enhancing its product offerings in the coming periods[12]. - The company plans to upgrade its user operation SaaS services to include three product tiers: basic, premium, and VIP customized versions[25]. - The company plans to deepen its focus on vertical industry user operation SaaS business and innovate its product offerings to create long-term value for sectors like banking and retail[52]. Cash Flow and Financial Position - Cash inflow from operating activities was RMB 18.9 million, reversing from a cash outflow of RMB 1.9 million in the first half of 2020[40]. - The company held cash and cash equivalents of approximately RMB 289.4 million as of June 30, 2021, compared to RMB 111.7 million a year earlier[42]. - The net cash flow from operating activities for the six months ended June 30, 2021, was RMB 18,915 thousand, a significant improvement from a net outflow of RMB (1,932) thousand in the same period of 2020[95]. - Cash and cash equivalents increased significantly to RMB 289,418 thousand, up 114.4% from RMB 135,269 thousand as of December 31, 2020[87]. Research and Development - Research and development expenses increased by 34.2% to RMB 78.9 million, with R&D staff accounting for 52.6% of total employees as of June 30, 2021[31]. - Research and development costs for the period were RMB 78,879,000, an increase of 34.2% from RMB 58,782,000 in the previous year[109]. Shareholder Information - The company repurchased a total of 500,000 shares at a total cost of HKD 1,108,892.00 during the six months ended June 30, 2021, reflecting confidence in its future prospects[61]. - The company has a stock option plan approved by shareholders, allowing for the issuance of up to 10% of the total issued shares as options, which amounts to 111,111,120 shares[79]. - The company granted stock options totaling 4,140,000 shares on March 1, 2020, and 7,450,000 shares on May 1, 2021, with an exercise price of zero[135][136]. Legal and Compliance - The company is currently defending against a claim in the Hong Kong High Court, with the maximum amount of damages claimed being approximately HKD 61.0 million[47]. - The maximum amount claimed in a lawsuit against the company is approximately HKD 61.0 million, with the company believing it has sufficient grounds for defense[146]. Asset and Liability Management - Total liabilities decreased to RMB 300,459 thousand, down 0.2% from RMB 303,188 thousand as of December 31, 2020[89]. - The net asset value increased to RMB 1,355,634 thousand, reflecting a growth of 5.1% from RMB 1,290,392 thousand at the end of 2020[89]. - Trade receivables rose to RMB 116,253 thousand, representing a 25% increase from RMB 93,052 thousand in the previous period[87]. Market and Economic Conditions - The risk-free interest rate decreased from 2.94% in 2020 to 2.85% in 2021[153]. - The stock volatility increased from 44.75% in 2020 to 46.09% in 2021[153]. - The discount for lack of marketability (DLOM) decreased from 9% in 2020 to 5% in 2021[153].