lnke Limited 映客互娛有限公司 於開曼群島註冊成立的有限公司 股份代號：3700 HK 報 音 度 स्ट LIVE | --- | --- | |----------------------|------------------------| | | | | 目錄 | | | 公司資料 | | | | 財務摘要及主要經營數據 | | 主席報告 | | | 管理層討論與分析 | | | 董事及高級管理層履歷 | | | 董事會報告 | | | 企業管治報告 | | | 環境、社會及管治報告 | | | 獨立核數師報告 | | | 合併綜合收入表 | | | 合併資產負債表 | | | 合併權益變動表 | | | 合併現金流量表 | | | 合併財務報表附註 | | 2 4 7 10 18 22 43 53 71 76 78 80 82 84 公司資料 | --- | --- | |----------------------------------------------|--------------------------------------------------------------- ...

Inke Limited 映客互娛有限公司 於開曼群島註冊成立的有限公司 股份代號：3700 HK 管 版 期 B 网 相亲 o lo 交友 音乐 派对 直播 目錄 4 管理層討論與分析 12 中期簡明合併綜合收入表 14 中期簡明合併資產負債表 16 中期簡明合併權益變動表 17 中期簡明合併現金流量表 19 簡明合併中期財務資料附註 43 其他資料 2 公司資料 公司資料 董事會 執行董事 奉佑生先生（董事長兼首席執行官） 侯廣凌先生 非執行董事 劉曉松先生 獨立非執行董事 崔大偉先生 杜永波先生 李琿博士 審核委員會 崔大偉先生（主席） 劉曉松先生 李琿博士 提名委員會 奉佑生先生（主席） 杜永波先生 李琿博士 薪酬委員會 杜永波先生（主席） 劉曉松先生 崔大偉先生 聯席公司秘書 司徒嘉怡女士 肖力銘先生 授權代表 奉佑生先生 司徒嘉怡女士 核數師 羅兵咸永道會計師事務所 執業會計師及註冊公眾利益實體核數師 香港中環 太子大廈22樓 合規顧問 力高企業融資有限公司 香港 皇后大道中29號 華人行16樓1601室 法律顧問 亞司特律師事務所 香港 中環 康樂廣場1號 怡和大廈11樓 公司網站 https: ...

Financial Performance - Total revenue for the year reached approximately RMB 4.949 billion, representing a year-on-year growth of 51.4%[15] - Net profit for the year was RMB 203.2 million, an increase of 285% compared to the previous year[15] - Adjusted net profit for the year was RMB 220 million, reflecting a year-on-year growth of 208.9%[15] - The company's revenue for 2020 was approximately RMB 4,949.4 million, an increase of 51.4% compared to RMB 3,268.6 million in 2019, driven by rapid growth in innovative product revenue[30] - Gross profit increased by 34.6% from RMB 889.5 million in 2019 to RMB 1,197.1 million in 2020, while the gross margin decreased from 27.2% to 24.2%[32] - Operating profit increased by 19.0% from approximately RMB 46.0 million in 2019 to approximately RMB 54.7 million in 2020, while the percentage of operating profit to total revenue decreased from 1.4% in 2019 to 1.1% in 2020[40] - The company recorded a profit of approximately RMB 203.2 million in 2020, a significant increase of 285.0% compared to approximately RMB 52.8 million in 2019[44] User Engagement and Market Growth - Monthly active users reached 36.47 million, a 22% increase from 29.81 million in 2019[12] - The company reported a significant increase in user engagement, with a year-over-year growth of 25% in active users[77] - User retention rates improved to 85%, up from 80% last year, indicating stronger customer loyalty[77] - The company plans to expand its market presence in Southeast Asia, targeting a 30% increase in market share by 2025[77] Product Development and Innovation - Revenue from innovative products accounted for 41.8% of total revenue, amounting to approximately RMB 2.1 billion[15] - The company plans to launch several innovative products in 2021, which are expected to drive business growth[15] - The management team emphasized the importance of innovation, with plans to launch at least three new products in the upcoming year[77] - The company is investing $50 million in research and development for new technologies aimed at enhancing user experience[77] Expenses and Cost Management - The cost of sales increased by 57.7% from RMB 2,379.1 million in 2019 to RMB 3,752.3 million in 2020, with the cost of sales as a percentage of revenue rising from 72.8% to 75.8%[31] - Selling and promotional expenses rose by 43.2% from RMB 495.8 million in 2019 to RMB 709.9 million in 2020, with these expenses accounting for 14.3% of total revenue, down from 15.2% in 2019[33] - Administrative expenses increased by 30.0% from approximately RMB 170.4 million in 2019 to approximately RMB 221.6 million in 2020, while the percentage of administrative expenses to total revenue decreased from 5.2% in 2019 to 4.5% in 2020[34] - The company has initiated a cost-cutting strategy projected to save $10 million annually[77] Research and Development - Research and development expenses for the year were RMB 334.4 million, slightly up from RMB 330.8 million in 2019[7] - R&D expenses slightly increased by 1.1% from approximately RMB 330.8 million in 2019 to approximately RMB 334.4 million in 2020, with the percentage of R&D expenses to total revenue decreasing from 10.1% in 2019 to 6.8% in 2020[35] - The company will maintain its focus on technological research and development, particularly in AI and 5G, to enhance user experience[19] Strategic Plans and Investments - The company is actively seeking investment and acquisition opportunities that align with its strategic layout and have user or revenue potential[20] - A strategic acquisition of a smaller tech firm is anticipated to close by Q3 2024, expected to add $20 million in annual revenue[77] - The company aims to increase investment in existing products to expand market share and improve competitiveness in their respective segments[19] Shareholder Returns and Dividends - The company did not recommend the payment of a final dividend for the year ended December 31, 2020[73] - The board of directors did not recommend the distribution of a final dividend for the year ending December 31, 2020[110] - The company has adopted a dividend policy that allows for the declaration of dividends based on available profits and reserves, without exceeding the board's recommended amount[111] Financial Position and Assets - Total assets increased to RMB 4.670 billion, up from RMB 4.462 billion in 2019[8] - Cash and cash equivalents increased to approximately RMB 1,360.3 million as of December 31, 2020, from approximately RMB 603.9 million as of December 31, 2019[52] - Total financial assets at fair value through profit or loss decreased from approximately RMB 1,791.6 million as of December 31, 2019, to approximately RMB 1,210.1 million as of December 31, 2020[53] - The company has not held any short-term or long-term bank borrowings or other loans as of December 31, 2020[167] Compliance and Governance - The company has complied with all relevant Chinese laws and regulations, obtaining all necessary licenses and approvals for its operations[104] - The company has confirmed the independence of its independent non-executive directors as of December 31, 2020[137] - There were no significant disputes with suppliers, customers, or other stakeholders during the review period[103] Operational Structure - The company operates a mobile live streaming platform and is involved in providing value-added telecommunications services, internet cultural services, and online audiovisual program services[178] - Due to Chinese laws restricting foreign ownership in certain internet cultural activities, the company has established variable interest entity (VIE) structures for its social and e-commerce businesses[179] - The company has created two independent VIE structures to manage its online social and e-commerce businesses, allowing for tailored business strategies and resource allocation[183]

Inke Limited 映客互娛有限公司 於開曼群島註冊成立的有限公司 股份代號：3700 HK 期 中 HELLO F 相亲 1 交友 音乐 派对 直播 7111111 目錄 2 公司資料 4 管理層討論與分析 10 中期簡明合併綜合收入╱（虧損）表 12 中期簡明合併資產負債表 14 中期簡明合併權益變動表 15 中期簡明合併現金流量表 17 簡明合併中期財務資料附註 41 其他資料 HELLO 6 公司資料 | --- | --- | |---------------------------------------------------------------|-----------------------------------------------------------| | 董事會 | 開曼群島註冊辦事處 | | 執行董事 | Maples Corporate Services Limited 辦事處 | | 奉佑生先生 （董事長兼首席執行官） 侯廣凌先生 | PO Box 309 Ugland House Grand Cayman KY1-1104 | | 非執行董事 | Cayman ...

股份代號：3700 Inke Limited 映客互娛有限公司 於開曼群島註冊成立的有限公司 2019 年度 報 告 I NETWORK Hal 8业新市 CHERRY 面额取小可保 正在美 O 0 ns 目錄 公司資料 財務摘要 2 4 6 主席報告 8 業務回顧與展望 10 管理層討論與分析 19 董事及高級管理層履歷 23 董事會報告 46 企業管治報告 57 環境、社會及管治報告 73 獨立核數師報告 80 合併綜合收入表 82 合併資產負債表 84 合併權益變動表 合併現金流量表 86 88 合併財務報表附註 3 映客互娛有限公司 2019年度報告 2 司徒嘉怡女士 公司資料 | --- | --- | --- | |-----------------------------------|--------------------------|-------| | | | | | 董事會 | 核數師 | | | 執行董事 | 羅兵咸永道會計師事務所 | | | 奉佑生先生 （董事長兼首席執行官） | 執業會計師 | | | 侯廣凌先生 | 香港 | | | | 中環 | | | 非執行董事 | 太子大 ...

Inke Limited 映客互娛有限公司 於開曼群島註冊成立的有限公司 股份代號：3700 HK # # H AWA 直播 IN视频 米 1000 NS直播 型运 (7) 阿 41 ★ 部书趣 朱新 米 目錄 2 公司資料 4 管理層討論與分析 11 中期簡明合併綜合收入表 13 中期簡明合併資產負債表 15 中期簡明合併權益變動表 16 中期簡明合併現金流量表 18 簡明合併中期財務資料附註 43 其他資料 i 公司資料 | --- | --- | |-----------------------------------|------------------------------------------| | | | | 董事會 | 開曼群島註冊辦事處 | | 執行董事 | Maples Corporate Services Limited 辦事處 | | 奉佑生先生 （董事長兼首席執行官） | PO Box 309 | | 廖潔鳴女士 | Ugland House | | 侯廣凌先生 | Grand Cayman KY1-1104 | | 非執行董事 | Cayman Islands | | 劉曉松先 ...

Financial Performance - Total revenue for the year 2018 was RMB 3,860.6 million, with live streaming revenue contributing RMB 3,729.1 million, online advertising revenue RMB 121.7 million, and other revenue RMB 9.8 million[15]. - The net profit for 2018 was RMB 1,100.9 million, while the adjusted net profit was RMB 596.3 million[15]. - The company's net profit and adjusted net profit for 2018 were RMB 1,100.9 million and RMB 596.3 million, respectively[21]. - The company's revenue decreased by 2.1% from RMB 3,941.6 million in 2017 to RMB 3,860.6 million in 2018, primarily due to increased competition in the Chinese live streaming industry[36]. - Gross profit fell by 6.5% from RMB 1,395.7 million in 2017 to RMB 1,305.4 million in 2018, with the gross margin declining from 35.4% to 33.8%[38]. - Operating profit for the year was RMB 633.9 million, down from RMB 871.2 million in 2017[9]. - Operating profit decreased by 27.2% from RMB 871.2 million in 2017 to RMB 633.9 million in 2018, representing 16.4% of revenue compared to 22.1% in the previous year[45]. - The adjusted net profit for 2018 was RMB 596.3 million, a decrease of 24.6% from RMB 792.0 million in 2017[54]. - The effective tax expense decreased by 17.5% from RMB 88.3 million in 2017 to RMB 72.8 million in 2018, attributed to a reduction in taxable profit[51]. User Engagement and Growth - The average monthly active users reached 25.5 million in 2018, representing a 12.3% increase compared to 2017[15]. - The company reported a significant increase in user engagement, with a year-over-year growth of 25% in active users[80]. - Revenue for the last quarter reached $150 million, representing a 15% increase compared to the previous quarter[80]. - The company plans to launch three new products in the upcoming fiscal year, aiming to capture a larger market share[80]. - Future guidance indicates an expected revenue growth of 20% for the next quarter, driven by new user acquisition strategies[80]. - The company is expanding its market presence in Southeast Asia, targeting a 30% increase in user base in that region[80]. Investments and Expenditures - Research and development expenses increased to RMB 235.5 million in 2018 from RMB 193.2 million in 2017[9]. - The company has invested $10 million in research and development for new technologies aimed at improving user experience[80]. - Capital expenditures for 2018 were approximately RMB 10.9 million, significantly lower than RMB 75.0 million in 2017[64]. - Approximately RMB 198 million has been utilized for the development of new products, and about RMB 136 million for marketing and promotion of these new products[197]. Financial Health and Assets - Total assets grew by 58.8% from RMB 2,654.1 million in 2017 to RMB 4,214.8 million in 2018[15]. - The company's total liabilities decreased to RMB 741.9 million in 2018 from RMB 4,243.2 million in 2017, indicating improved financial health[11]. - Non-current assets rose significantly to RMB 1,059.5 million in 2018 from RMB 318.7 million in 2017[11]. - As of December 31, 2018, the group had cash and cash equivalents of RMB 849.6 million, down from RMB 2,182.8 million in 2017[58]. - The total investment in financial products and structured deposits as of December 31, 2018, was RMB 1,126.8 million, compared to zero in 2017[59]. - The group maintained a zero interest-bearing debt ratio as of December 31, 2018[63]. Strategic Initiatives - The company plans to leverage 5G and VR technologies to enhance user experience and engagement in the interactive entertainment sector[16]. - The company aims to develop new products tailored for overseas markets, combining its leading experience in interactive entertainment with local cultural preferences[16]. - The company is actively seeking strategic investment and acquisition opportunities to optimize its ecosystem and expand in the overseas interactive entertainment market[29]. - The management team has set a goal to reduce operational costs by 10% over the next year through efficiency improvements[80]. - The board of directors has approved a new strategic plan focusing on digital transformation and innovation[80]. Corporate Governance and Compliance - The company has a robust governance structure, ensuring that any designated representatives under the irrevocable power of attorney are limited to authorized directors or legitimate subsidiaries[157]. - The board of directors is committed to maintaining transparency and accountability in all transactions and corporate governance practices[166]. - Independent non-executive directors confirmed that related party transactions were conducted in the ordinary course of business and on normal commercial terms[161]. - The independent auditor did not identify any issues regarding the approval of disclosed related party transactions for the year ending December 31, 2018[162]. - The company has outlined its corporate structure and management framework post-listing, emphasizing the role of independent directors in governance[157]. Employee and Talent Management - The company has adopted an employee compensation plan based on performance, experience, and current market salaries, including stock option and restricted share unit plans[98]. - The company emphasizes effective talent management as the foundation for long-term success and will continue to attract, cultivate, and retain talent[113]. - The restricted share unit plan was approved on June 23, 2018, with a total of up to 27,469,214 shares granted, representing approximately 1.33% of the total issued shares as of the report date[118]. - The company has adopted a stock option plan to incentivize employees, which was conditionally adopted on June 23, 2018[114]. Risks and Challenges - The company has faced various risks, including limited operational history in a dynamic industry and uncertainties in user acquisition and retention strategies[100]. - The company emphasizes risk management as crucial for efficient operations, actively establishing appropriate risk management and internal control mechanisms[101]. Market Position and Competition - The company operates a mobile live streaming platform primarily in China, providing value-added telecommunications services, internet cultural services, and performance agency services[93]. - In 2018, the top five customers generated approximately 2.3% of the total revenue from the live streaming business, indicating a diversified customer base[98]. - The company has no reliance on any specific streamer or agency, encouraging users to become streamers and build a robust streamer community[98]. - The company will continue to implement growth strategies to strengthen its leading position in the mobile live streaming industry in China in 2019[103].

S Inke Limited 映客互娛有限公司 於開曼群島註冊成立的有限公司 股份代號：3700 ...... ....... . . . . . . . . . | --- | --- | |-------|----------------------| | | 目錄 | | 2 | 公司資料 | | 4 | 財務摘要 | | 6 | 主席報告 | | 8 | 業務回顧與展望 | | 11 | 管理層討論與分析 | | 18 | 董事及高級管理層 | | 22 | 董事會報告 | | 46 | 企業管治報告 | | 58 | 環境、社會及管治報告 | | 76 | 獨立核數師報告 | | 81 | 合併綜合收入表 | | 83 | 合併資產負債表 | | 85 | 合併權益變動表 | | 87 | 合併現金流量表 | | 89 | 合併財務報表附註 | 公司資料 | --- | --- | |-----------------------------------|-------------------------------| | | | | 董事會 | 核數師 | | 執行董事 | 羅兵咸永道會計師事務所 ...