Financial Performance - The company reported a revenue of RMB 430.2 million for the fiscal year ending December 31, 2023, representing an increase of approximately 25.0% compared to the fiscal year 2022[2]. - Revenue from IP creation and operation business reached RMB 190.4 million, marking a significant increase of approximately 82.9% year-over-year[2]. - Gross profit for the year was RMB 276.3 million, which is an increase of about 24.0% from the previous fiscal year[2]. - Adjusted net profit (after deducting listing expenses and share-based compensation) was RMB 74.4 million, a decrease of approximately 3.6% compared to the fiscal year 2022[2]. - The total comprehensive income for the year was RMB 54.9 million, down from RMB 66.7 million in the previous year[4]. - The company reported a pre-tax profit of RMB 66,858,000 for the fiscal year ending December 31, 2023, compared to RMB 93,138,000 for the previous year, indicating a decrease of approximately 28.2%[16][17]. - The company recorded a profit of RMB 41.4 million in FY2023, down from RMB 64.9 million in FY2022, with a net profit margin of 9.6% compared to 18.9% in FY2022[59]. - Adjusted net profit for FY2023, excluding listing expenses and share-based compensation, was RMB 74.4 million, a decrease of 3.6% from RMB 77.2 million in FY2022, with an adjusted net profit margin of 17.3%[60]. Revenue Breakdown - For the fiscal year ending December 31, 2023, the total revenue from the new retail segment was RMB 239,808,000, while the IP creation and operation segment generated RMB 86,239,000, resulting in a total revenue of RMB 326,047,000 recognized at a point in time[16]. - The revenue from the mainland China market for the fiscal year ending December 31, 2023, was RMB 428,140,000, compared to RMB 344,157,000 in the previous year, reflecting a growth of approximately 24.5%[17]. - Revenue from health management products and skincare sales reached RMB 237,440,000, up from RMB 232,308,000 in 2022, indicating a growth of 2.4%[19]. - Revenue from television program production was RMB 84,142,000 for the year ended December 31, 2023, with no revenue reported in 2022[19]. - The company’s star IP management revenue increased to RMB 71,239,000 in 2023 from RMB 41,708,000 in 2022, marking a growth of 70.9%[19]. - The total income from entertainment video production and licensing reached RMB 15,840,000, significantly up from RMB 5,660,000 in 2022, representing an increase of 179.4%[19]. Expenses and Liabilities - The total sales and marketing expenses for the fiscal year ending December 31, 2023, were RMB 112,317,000, while general and administrative expenses amounted to RMB 106,633,000[16]. - Selling and marketing expenses rose to RMB 112.3 million in FY2023, a 55.1% increase from RMB 72.4 million in FY2022, driven by higher advertising and marketing expenditures[57]. - General and administrative expenses increased by approximately 66.3% to RMB 106.6 million in FY2023 from RMB 64.1 million in FY2022, mainly due to increased listing expenses and employee benefits[58]. - The income tax expense for the year ended December 31, 2023, was RMB 25,447,000, compared to RMB 28,240,000 in 2022, showing a decrease of 6.3%[20]. - The company’s deferred tax expense was RMB 31,825,000 for the year ended December 31, 2023, compared to RMB 29,395,000 in 2022, indicating an increase of 8.3%[20]. Assets and Cash Flow - The company’s total assets as of December 31, 2023, amounted to RMB 902.6 million, compared to RMB 554.9 million in 2022[5]. - The company’s cash and cash equivalents stood at RMB 145.8 million, down from RMB 182.6 million in the previous year[5]. - As of December 31, 2023, the company had cash and cash equivalents of RMB 145.8 million, down from RMB 182.6 million in the previous year, with a current ratio of 3.6 times[62]. - The total borrowings decreased to RMB 10,000,000 in 2023 from RMB 15,000,000 in 2022, a reduction of 33%[45]. Shareholder Information - The company declared a special dividend of HKD 60,000,000 (approximately RMB 54,029,000) from the share premium account[25]. - The board of directors did not recommend any final dividend for the year ended December 31, 2023[69]. - The total number of weighted average ordinary shares issued was 758,952,130 for the year ended December 31, 2023, compared to 720,788,659 in 2022, reflecting an increase of 5.3%[27]. - The total number of ordinary shares issued as of December 31, 2023, is 801,887,500, an increase from 542,914,624 shares at the beginning of 2022[39]. Corporate Governance and Compliance - The audit committee reviewed the group's consolidated performance for FY2023 and found no objections to the accounting principles and practices adopted[73]. - The annual financial report for the fiscal year 2023 has been approved by the auditors and is consistent with the audited consolidated financial statements as of December 31, 2023[74]. - The annual report for fiscal year 2023 will be sent to shareholders in due course and published on the Hong Kong Stock Exchange and the company's website[75]. - The board of directors consists of three executive directors and three independent non-executive directors, ensuring a diverse governance structure[76]. Market and Strategic Initiatives - The company is focused on expanding its market presence and enhancing its product offerings through new retail initiatives and IP management strategies[14]. - The flagship product, Magic Coffee, ranked first in the bulletproof beverage market in China by both sales volume and revenue in 2023[49]. - The average viewership rating for the major IP program "Around the World 2" was 1.15%, ranking first among all television programs aired during the same time slot[48]. - The group plans to launch a series of video ringtones featuring its star IP in collaboration with China Mobile's music platform, Migu Music[50]. - The group aims to enhance brand awareness and sales through various e-commerce platforms and live streaming promotions[51]. - The company plans to continue expanding its new retail business and IP management services, which are key revenue drivers[34].

Financial Performance - Revenue for the six months ended June 30, 2023, was RMB 151,388,000, representing an increase of 21.1% compared to RMB 125,018,000 for the same period in 2022[15]. - Gross profit for the reporting period was RMB 92,711,000, up from RMB 74,287,000, indicating a growth of 24.7% year-over-year[15]. - Operating profit increased slightly to RMB 22,734,000 from RMB 22,026,000, reflecting a growth of 3.2%[15]. - Profit for the period was RMB 16,430,000, compared to RMB 16,344,000 in the previous year, showing a marginal increase of 0.5%[15]. - The profit attributable to owners of the Company was RMB 13,027,000, down from RMB 14,512,000, a decrease of 10.2%[15]. - Total comprehensive income for the period was RMB 17,115,000, down from RMB 17,265,000, indicating a decrease of 0.87%[17]. - Earnings per share remained stable at RMB 0.03 for both basic and diluted shares[17]. - Profit for the period increased slightly to RMB 16,430,000 compared to RMB 16,344,000 in the same period last year, reflecting a growth of 0.53%[17]. Expenses and Costs - Selling and marketing expenses rose to RMB 32,563,000 from RMB 23,887,000, an increase of 36.4%[15]. - General and administrative expenses increased to RMB 41,338,000 from RMB 27,846,000, marking a rise of 48.5%[15]. - The total expenses for the six months ended June 30, 2023, amounted to RMB 132,578,000, compared to RMB 102,464,000 for the same period in 2022, reflecting a growth of 29.4%[64]. - Cost of goods sold increased to RMB 38,672,000 in H1 2023 from RMB 30,354,000 in H1 2022, representing a growth of 27.5%[64]. - Advertising and marketing expenses rose significantly to RMB 11,771,000 in H1 2023, up from RMB 5,310,000 in H1 2022, marking an increase of 121.3%[64]. - Employee benefit expenses, including commissions, totaled RMB 31,760,000 in H1 2023 compared to RMB 24,685,000 in H1 2022, reflecting a growth of 28.5%[64]. Assets and Liabilities - Non-current assets totaled RMB 142,736,000, a slight decrease from RMB 138,666,000 as of December 31, 2022[18]. - Current assets decreased to RMB 409,383,000 from RMB 416,199,000, reflecting a decline of 1.95%[18]. - Total liabilities increased to RMB 353,557,000 from RMB 320,754,000, marking an increase of 10.21%[20]. - Cash and cash equivalents decreased to RMB 100,423,000 from RMB 182,633,000, a decline of 45.0%[18]. - As of June 30, 2023, trade receivables amounted to RMB 59,479,000, an increase from RMB 39,204,000 as of December 31, 2022, reflecting a growth of approximately 51.7%[86]. - The total trade and other receivables reached RMB 87,596,000 as of June 30, 2023, up from RMB 62,066,000 at the end of 2022, representing a growth of 40.9%[88]. Cash Flow and Financing - For the six months ended June 30, 2023, the net cash outflow from operating activities was RMB (12,655,000), compared to an inflow of RMB 10,610,000 in the same period of 2022[24]. - The company paid dividends totaling RMB 50,300,000 to shareholders during the first half of 2023, marking a significant cash outflow in financing activities[24]. - The net cash outflow from investing activities was RMB (3,709,000) for the first half of 2023, compared to RMB (5,272,000) in the same period of 2022, showing an improvement in cash management[24]. - The Group's outstanding bank borrowings decreased to RMB 12,500,000 as of June 30, 2023, from RMB 15,000,000 at the end of 2022[183]. - The current ratio as of June 30, 2023, was 1.2 times, down from 1.3 times at the end of 2022, while the gearing ratio increased to 1.02 times from 0.84 times[183]. Business Segments - Segment revenue for the new retail business reached RMB 92,021,000, while the IP creation and operation segment generated RMB 32,997,000, totaling RMB 125,018,000 for the six months ended June 30, 2023[56]. - Revenue from health management products and skincare was RMB 87,483,000, while revenue from celebrity IP management surged to RMB 38,379,000, reflecting growth in these areas[58]. - Revenue from the celebrity IP management business increased from RMB 14.6 million in 1H2022 to RMB 38.4 million in 1H2023[163]. - The new retail business generated revenue of RMB 88.7 million in 1H2023, slightly down from RMB 92.0 million in 1H2022[164]. Strategic Initiatives - The company plans to continue expanding its IP portfolio to enhance brand recognition and reputation, leveraging its unique IP-driven traffic and all-domain marketing model[138]. - The company aims to solidify and replicate the success of its unique IP-empowerment business model, which has been a driving force for growth in recent years[137]. - The company is committed to developing high-quality proprietary products while creating synergy effects through its IP creation and operation segment[137]. - The company aims to expand its business beyond Mainland China, having sponsored a concert for Norwegian DJ Alan Walker[160]. - The company is exploring business opportunities in the metaverse, including creating and incubating more IP content and organizing concerts related to celebrity IPs[150]. Human Resources - As of June 30, 2023, the Group had 296 employees, an increase from 250 employees at the end of 2022[193]. - Key management compensation for the six months ended June 30, 2023, was RMB 3,262,000, down from RMB 4,540,000 in the same period of 2022, indicating a decrease of approximately 28.2%[128].

Financial Performance - The company recorded revenue of approximately RMB 151.4 million for the six months ended June 30, 2023, representing a growth of 21.1% compared to RMB 125.0 million in the same period of 2022[2] - Gross profit for the same period was approximately RMB 92.7 million, an increase of about 24.8% from RMB 74.3 million in the prior year[2] - Adjusted net profit (excluding listing expenses and share-based compensation) was approximately RMB 25.0 million, up 16.8% from RMB 21.4 million in the same period of 2022[2] - Operating profit was recorded at RMB 22.7 million, slightly up from RMB 22.0 million in the previous year[4] - The total comprehensive income for the period was RMB 17.1 million, compared to RMB 17.3 million in the same period of 2022[4] - The company reported a net profit attributable to equity holders of RMB 13,027 thousand for the six months ended June 30, 2023, compared to RMB 14,512 thousand for the same period in 2022[25] - The net profit for the first half of 2023 was RMB 16.4 million, with a net profit margin of 10.9%, slightly down from 13.1% in the first half of 2022[50] Revenue Breakdown - For the six months ended June 30, 2023, the total segment revenue was RMB 151,388 thousand, with RMB 88,692 thousand from new retail and RMB 62,696 thousand from IP creation and operation[18] - Revenue from mainland China reached RMB 151,009 thousand, up from RMB 125,018 thousand, indicating a strong growth in the domestic market[21] - Revenue from health management and skincare products was RMB 87,483 thousand, slightly down from RMB 88,533 thousand in the previous year[22] - IP project and event planning and management revenue increased to RMB 19,376 thousand from RMB 8,937 thousand, showing significant growth in this segment[22] - The income from the IP creation and operation segment rose from RMB 33.0 million in the first half of 2022 to RMB 62.7 million in the first half of 2023[39] - The new retail business generated revenue of RMB 88.7 million in the first half of 2023, compared to RMB 92.0 million in the same period of 2022[44] - Sales from the flagship product, Mo Dong Coffee, accounted for RMB 52.8 million in the first half of 2023, representing 59.5% of the new retail business revenue[44] - The new product line "Ai Chi Xian Mo Ren" generated sales of RMB 15.1 million in the first half of 2023, contributing 17.0% to the new retail business revenue[44] - The skincare product sales under the Mo Ji Bo Shi sub-brand reached RMB 3.3 million in the first half of 2023[44] Expenses and Costs - The cost of revenue for the first half of 2023 was RMB 58.7 million, up about 15.8% from RMB 50.7 million in the same period of 2022, primarily due to an increase in the cost of goods sold from RMB 30.4 million to RMB 40.3 million[46] - Sales and marketing expenses rose by approximately 36.4% to RMB 32.6 million in the first half of 2023, driven by increased costs related to live streaming and marketing activities[48] - General and administrative expenses increased to RMB 41.4 million in the first half of 2023 from RMB 27.8 million in the same period of 2022, including employee benefits of RMB 18.4 million and listing-related expenses of RMB 7.9 million[49] Assets and Liabilities - The company’s cash and cash equivalents decreased to RMB 100.4 million from RMB 182.6 million as of December 31, 2022[6] - Total assets amounted to RMB 552.1 million, a slight decrease from RMB 554.9 million at the end of 2022[8] - Total liabilities increased to RMB 353.6 million from RMB 320.8 million at the end of 2022[8] - The company’s equity attributable to owners decreased to RMB 194.8 million from RMB 233.5 million at the end of 2022[7] - Trade and other receivables increased to RMB 87,596 thousand as of June 30, 2023, from RMB 62,066 thousand as of December 31, 2022[28] - Trade and other payables amounted to RMB 54,248,000 as of June 30, 2023, a decrease from RMB 69,010,000 as of December 31, 2022, representing a reduction of approximately 21.3%[32] - Total borrowings decreased from RMB 15,000,000 as of December 31, 2022, to RMB 12,500,000 as of June 30, 2023, reflecting a reduction of 16.7%[36] Corporate Actions and Future Plans - The company plans to continue expanding its new retail business and IP creation and operation in China[9] - The group is collaborating with China Mobile to enter the metaverse ecosystem, launching a digital persona of Jay Chou[40] - The group plans to enhance its core products and media content, focusing on the creation of new IP programs set to air in the second half of 2023[41] - The group aims to expand its brand and business outside of mainland China, sponsoring events like Alan Walker's concert in Norway[41] - The company plans to allocate HKD 60.2 million for diversifying its product portfolio by the end of 2025[58] - HKD 21.8 million is earmarked for R&D in food and beverages, with a similar amount for skincare products[58] - The company intends to enhance brand exposure and product sales through multi-channel networks, allocating HKD 77.4 million for this purpose by the end of 2025[58] Shareholder Information - The company declared a special dividend of HKD 60,000,000 on June 13, 2023, with no interim dividend declared for the six months ending June 30, 2023[31] - The company has not declared an interim dividend for the six months ended June 30, 2023[59] - The audit committee reviewed the unaudited condensed consolidated results for the six months ended June 30, 2023, with no objections raised[63] - The mid-term report for the six months ended June 30, 2023, will be sent to shareholders and published on the company's website[64] Accounting Standards - The company has adopted new accounting standards effective from January 1, 2023, including HKFRS 17 on insurance contracts[12] - The company has not yet adopted several new accounting standards that will become effective on January 1, 2024, including HKAS 1 regarding the classification of liabilities[15] - The financial results are prepared in accordance with Hong Kong Financial Reporting Standards and are presented in RMB[10] - The company’s functional currency is Hong Kong Dollar, but the financial data is presented in RMB[10] - The management's significant accounting estimates and judgments remain consistent with those reported for the year ended December 31, 2022[16] - The company’s board of directors is identified as the chief operating decision maker, evaluating performance based on the type of goods or services delivered[17]