（以上内容为金融界基于公开消息，由程序或算法智能生成，不作为投资建议或交易依据。） 本文源自：金融界 行业估值方面，软件服务行业市盈率（TTM）平均值为-10.97倍，行业中值-2.69倍。新娱科控股市盈 率-3.44倍，行业排名第130位；其他驴迹科技（01745.HK）为3.66倍、京投交通科技（01522.HK）为 3.75倍、自动系统（00771.HK）为5.53倍、黄河实业（00318.HK）为5.75倍、禅游科技（02660.HK）为 6.38倍。 资料显示，新娱科控股有限公司为一家位于中国的综合游戏发行商及开发商,专注于在中国市场发行手 机游戏。公司致力于利用公司多年来在营运中获得的在手机游戏行业的经验及专业知识,连同对公司的 发行合作伙伴及游戏玩家的良好了解,为游戏玩家带来优质及互动游戏体验,以开发及发行高品质及精心 定制的手机游戏。 本集团于2014年首次开展业务,在中国从事电脑、电脑配件及电子产品销售,以及软件及网站的开发。公 司自2015年拓展公司的开发业务及开始开发手机游戏,并于2016年进一步打入手机游戏联合发行业务,第 三方发行商亦委聘公司作为联合发行商为第三方游戏开发商开发的手机 ...

Financial Performance - The total revenue for the year was approximately RMB 44,664,000, representing an increase of about 396.4% compared to approximately RMB 8,998,000 for the year ended December 31, 2023[16]. - The loss attributable to the owners of the company for the year was approximately RMB 27,891,000, a decrease of about 73.0% from approximately RMB 103,378,000 for the year ended December 31, 2023[8]. - Gross profit for the year was approximately RMB 1,791,000, a significant improvement from a gross loss of RMB 14,374,000 for the year ending December 31, 2023[21]. - Other income decreased by approximately 8.39% to RMB 3,176,000, down from RMB 3,467,000 for the year ending December 31, 2023, mainly due to reduced government subsidies and interest income[22]. - The company reported a net loss attributable to shareholders of approximately RMB 27,891,000 this year, a decrease from RMB 103,378,000 for the year ending December 31, 2023[30]. - As of December 31, 2024, the company's current assets net value was approximately RMB 69,482,000, down from RMB 86,647,000 as of December 31, 2023[31]. - The company's debt-to-equity ratio as of December 31, 2024, was approximately 10.74%, a decrease from 32.2% as of December 31, 2023[32]. Business Development - The company entered into a subscription agreement in September 2024, acquiring a 51% stake in a subsidiary focused on developing social finance mobile applications using blockchain technology[7]. - The core source code for the framework module of the social finance mobile application has been developed as of the date of the earnings announcement[14]. - The company aims to launch the social finance mobile application by the third quarter of 2025[9]. - The increase in revenue was primarily due to higher earnings from the joint publishing of third-party games and the development and sale of games[14]. - The company has submitted approval applications for two game titles to the National Press and Publication Administration, indicating potential future game licenses[15]. - The gaming industry is recovering as the National Press and Publication Administration has resumed issuing new game licenses since April 2022[9]. - The company has not recorded any revenue from self-developed games during the year[17]. - The company served as a co-publisher for 24 third-party games this year, generating revenue of approximately RMB 30,513,000, compared to RMB 8,015,000 for the year ending December 31, 2023[18]. - Revenue from self-developed and sold games reached approximately RMB 14,151,000 this year, up from RMB 896,000 for the year ending December 31, 2023[19]. Employee and Administrative Expenses - Employee costs for the year were approximately RMB 18,210,000, an increase from RMB 13,698,000 for the year ending December 31, 2023, primarily due to increased share-based payment expenses[24]. - Administrative expenses increased to approximately RMB 35,518,000 this year, compared to RMB 28,273,000 for the year ending December 31, 2023, mainly due to increased share-based payment expenses[28]. - The company employed 27 staff members as of December 31, 2024, down from 28 in 2023[41]. - The group recognized share-based payment expenses of approximately RMB 13,946,000 for the year, compared to RMB 9,342,000 in the previous year[66]. - The company has not made any charitable donations during the year, similar to 2023[48]. Corporate Governance - The board of directors does not recommend any final dividend for the year, consistent with 2023[46]. - The company has not engaged in any significant transactions involving directors or related entities during the year[54]. - The board consists of six members, including two executive directors, one non-executive director, and three independent non-executive directors, complying with listing rules regarding board composition[110]. - The roles of the chairman and the CEO are separated, with Sui Jiaheng serving as chairman and Li Tao as CEO, ensuring effective governance and management[115]. - The board believes all directors have dedicated sufficient time and attention to their duties and the company's affairs[120]. - The company has established a written guideline for employees regarding securities trading to prevent insider trading violations[106]. - The company has established a dividend policy that allows for the recommendation, declaration, and distribution of dividends to shareholders, subject to board discretion and various factors including economic conditions and financial results[149]. Risk Management and Compliance - The board is responsible for maintaining an effective risk management and internal control system, with a focus on minimizing risks rather than eliminating them entirely[153]. - The company has engaged an independent internal control consultant to review its internal control systems and risk management processes, with findings submitted to the board[154]. - The board and audit committee have reviewed the effectiveness of the risk management and internal control systems and deemed them sufficient and effective[155]. - The company encourages stakeholders to report concerns through its designated channels, ensuring confidentiality and protection for whistleblowers[157]. - The company is not aware of any tax relief or exemption provided to shareholders for holding its securities[94]. - The company has complied with the disclosure requirements under the listing rules regarding related party transactions, confirming no transactions constituted related party transactions[74]. Environmental, Social, and Governance (ESG) Performance - The report covers the environmental, social, and governance (ESG) performance of the company and its subsidiaries for the period from January 1, 2024, to December 31, 2024[167]. - The company emphasizes the importance of ESG management and has established a framework for identifying and addressing ESG-related risks and opportunities[168]. - The company is committed to environmental management and has established a system for monitoring greenhouse gas emissions and energy consumption[173]. - Total greenhouse gas emissions for 2024 amounted to 32.77 tons, with a per capita emission of 1.21 tons per person[176]. - The company generated 33.47 kg of non-hazardous waste, resulting in a waste disposal density of 1.24 kg per person for 2024[181]. - Total energy consumption for 2024 was recorded at 6.59 MWh, with a consumption density of 0.24 MWh per person[188]. - Total water consumption for 2024 reached 357.33 cubic meters, with a water consumption density of 13.23 cubic meters per person[190]. - The company adheres to environmental regulations and has not reported any significant violations related to environmental protection during the reporting period[176]. Employee Relations and Development - The workforce consists of 27 employees, with a gender distribution of 48% male (13) and 52% female (14)[193]. - Employee turnover rate analysis shows a 100% turnover for employees over 31 years old, with no turnover for those under 31[193]. - The company emphasizes employee health and safety, implementing measures such as a smoke-free office and emergency response procedures[197]. - The company has a performance management policy to guide, assess, and reward employee performance systematically[196]. - The company provides various types of leave, including sick leave, maternity leave, and annual leave, to support work-life balance[200]. - 100% of employees received training, with an average training duration of 11.82 hours, including 6 training sessions during the reporting period[199]. - The company has established a transparent recruitment system, ensuring equal opportunities for internal and external candidates[195]. - The company adheres strictly to labor laws preventing child labor and forced labor, ensuring all applicants provide accurate personal information for background checks[200].

Financial Performance - Total revenue for the year ended December 31, 2024, was RMB 44,664,000, an increase of 396% compared to RMB 8,998,000 in 2023[3] - Gross profit for 2024 was RMB 1,791,000, compared to a gross loss of RMB 14,374,000 in 2023[3] - Net loss for the year was RMB 29,068,000, a significant improvement from a net loss of RMB 104,611,000 in 2023[3] - Basic and diluted loss per share for 2024 was RMB 6.89, compared to RMB 25.75 in 2023[5] - The company reported a pre-tax loss of RMB 26,629,000 for the year ended December 31, 2024, compared to a pre-tax loss of RMB 102,076,000 for the year ended December 31, 2023[20] - The loss attributable to the company's owners for the year was approximately RMB 27,891,000, a decrease of about 73.0% from approximately RMB 103,378,000 in 2023[33] - The net loss attributable to the company's owners for the year was approximately RMB 27,891,000, a significant reduction from approximately RMB 103,378,000 for the year ended December 31, 2023, driven by increased revenue from game sales and a reversal of previously recognized impairment losses[47] Assets and Equity - Non-current assets increased to RMB 21,314,000 in 2024 from RMB 18,065,000 in 2023, primarily due to an increase in intangible assets[6] - Current assets decreased to RMB 79,235,000 in 2024 from RMB 120,344,000 in 2023, with cash and cash equivalents dropping to RMB 29,715,000[6] - Total equity decreased to RMB 90,796,000 in 2024 from RMB 104,712,000 in 2023, reflecting the net loss incurred during the year[6] - As of December 31, 2024, the group's current assets net value was approximately RMB 69,482,000, down from approximately RMB 86,647,000 as of December 31, 2023[48] - The group's cash and cash equivalents as of December 31, 2024, were approximately RMB 29,715,000, a decrease from approximately RMB 79,569,000 as of December 31, 2023[48] - The debt-to-equity ratio as of December 31, 2024, was approximately 10.74%, a decrease from 32.2% as of December 31, 2023[49] Revenue Sources - The mobile gaming business generated revenue of RMB 44,664,000 in 2024, while the blockchain technology business reported no revenue[20] - The company served as a co-publisher for 24 third-party games, contributing co-publishing revenue of approximately RMB 30,513,000, compared to RMB 8,015,000 for 14 games in 2023[37] - Revenue from self-developed and sold games was approximately RMB 14,151,000, a significant increase from RMB 896,000 in the previous year[38] - The company did not recognize any revenue from third-party game sales in 2024, indicating a focus on internal game development[17] Expenses - Research and development expenses for 2024 were RMB 14,765,000, slightly higher than RMB 14,416,000 in 2023[3] - The company incurred financing costs of RMB 845,000 in 2024, a decrease from RMB 1,673,000 in 2023[21] - The deferred tax expense for the year 2024 was RMB 2,439,000, compared to RMB 2,535,000 in 2023[22] - Other income for the year 2024 totaled RMB 3,176,000, slightly down from RMB 3,467,000 in 2023[21] - Administrative expenses for the year were approximately RMB 35,518,000, up from approximately RMB 28,273,000 for the year ended December 31, 2023, also due to increased share-based payment expenses[45] - Employee costs for the year amounted to approximately RMB 18,210,000, an increase from approximately RMB 13,698,000 for the year ended December 31, 2023, primarily due to increased share-based payment expenses[43] Strategic Focus - The company continues to focus on mobile game publishing and development, as well as blockchain technology business[7] - The company is exploring new strategies for market expansion and product development in the gaming sector[7] - The company expects to launch a social finance mobile application by the third quarter of 2025, in collaboration with an independent third party[34] - The company has submitted approval applications for two game titles to the National Press and Publication Administration, anticipating new game licenses[34] Compliance and Governance - The company expects to continue applying new accounting standards without significant impact on the consolidated financial statements in the foreseeable future[13] - The company has not early adopted any new or revised Hong Kong Financial Reporting Standards that are not yet effective, indicating a cautious approach to regulatory changes[14] - The audit committee reviewed the financial statements for the fiscal year ending December 31, 2024, ensuring compliance with applicable accounting standards and regulations[69] - The auditor confirmed that the financial figures for the year ending December 31, 2024, are consistent with the group's consolidated financial statements[70] Shareholder Matters - The board did not recommend the distribution of any final dividend for the year[61] - The board proposed to terminate the existing 2020 share option scheme and 2021 share award scheme, adopting a new share scheme pending shareholder approval on April 9, 2025[65] - The annual general meeting is scheduled for June 17, 2025, with a suspension of share transfer registration from June 12 to June 17, 2025[67][68]

Financial Performance - The company's revenue for the six months ended June 30, 2024, was approximately RMB 30,323,000, an increase of about 3,393.4% compared to RMB 868,000 for the same period in 2023[7]. - Gross profit for the same period was approximately RMB 2,263,000, reflecting a growth of about 279.1% from RMB 597,000 in the previous year[7]. - The net loss for the period was approximately RMB 5,984,000, a decrease of about 57.9% compared to a loss of RMB 14,201,000 in the same period last year[8]. - The company developed and sold three customized software and games, generating sales revenue of approximately RMB 14,151,000, compared to RMB 783,000 for the same period in 2023[14]. - The company provided publishing services for 20 third-party games, recording publishing revenue of approximately RMB 16,172,000, with no revenue from this segment in the previous year[16]. - The group reported a loss of approximately RMB 5,984,000 for the current period, a decrease from a loss of RMB 14,201,000 for the six months ended June 30, 2023, primarily due to increased revenue from third-party game releases and reduced impairment losses[21]. - Total comprehensive loss for the period was RMB 5,095,000, compared to RMB 11,787,000 in the previous year, showing a reduction in overall losses[34]. - The company reported a loss before tax of RMB 4,544,000, a notable improvement from a loss of RMB 15,358,000 in the same period last year[34]. - The basic and diluted loss per share improved to RMB (1.38) from RMB (3.34) year-over-year, indicating a reduction in loss per share[34]. Expenses and Costs - Administrative expenses for the period were approximately RMB 21,050,000, an increase from RMB 9,406,000 in the same period last year, primarily due to increased advertising, promotion expenses, and intangible asset amortization[18]. - Research and development expenses for the six months ended June 30, 2024, were RMB 267,000, down from RMB 549,000 for the same period in 2023, indicating a decrease of approximately 51%[56]. - The total depreciation and amortization expense for the six months ended June 30, 2024, was RMB 5,274,000, compared to RMB 2,308,000 for the same period in 2023, representing an increase of approximately 129%[56]. - The group recognized a net impairment loss of approximately RMB 12,892,000 for trade receivables during the six months ended June 30, 2024, compared to RMB 6,557,000 for the same period in 2023[61]. Assets and Liabilities - As of June 30, 2024, the group's current assets net value was approximately RMB 91,528,000, an increase from RMB 86,647,000 as of December 31, 2023[24]. - The group had cash and cash equivalents of approximately RMB 74,132,000 as of June 30, 2024, down from RMB 79,569,000 as of December 31, 2023[24]. - The net asset value increased to RMB 106,954,000 as of June 30, 2024, compared to RMB 104,712,000 at the end of 2023[35]. - Trade and other receivables rose significantly to RMB 50,890,000 from RMB 32,634,000, indicating improved collection or sales[35]. - The group’s debt-to-equity ratio as of June 30, 2024, was 34.2%, compared to 32.2% as of December 31, 2023[23]. - The group reported a loan from DeFiner Limited amounting to RMB 24,300,000 as of June 30, 2024, an increase from RMB 23,257,000 as of December 31, 2023[68]. Cash Flow - Operating cash flow before changes in working capital for the six months ended June 30, 2024, was RMB (6,175) thousand, compared to RMB (3,163) thousand for the same period in 2023, indicating a decline[40]. - Net cash used in operating activities for the six months ended June 30, 2024, was RMB (10,455) thousand, significantly higher than RMB (1,137) thousand in the prior year[40]. - Cash and cash equivalents at the end of the period were RMB 74,132 thousand, down from RMB 80,251 thousand at the end of June 2023, reflecting a decrease of 7.4%[40]. - The net cash generated from investing activities was RMB 3,583 thousand for the six months ended June 30, 2024, compared to a net cash used of RMB (21,290) thousand in the same period of 2023, showing a significant improvement[40]. Corporate Developments - A letter of intent was signed on August 23, 2024, to establish a joint venture utilizing blockchain technology to develop a social finance mobile application[10]. - The company aims to continue focusing on high-growth potential businesses and enhancing game development and publishing capabilities[10]. - The company has not received any new game licenses during the period, with two games still pending approval from the National Press and Publication Administration[10]. - The group is optimistic about utilizing blockchain technology for developing social finance mobile applications and providing technical support[32]. Shareholder Information - As of June 30, 2024, Mr. Sui Jia Heng holds 158,900,000 shares, representing 38.30% of the company's issued share capital[75]. - Mr. Li Tao holds 117,000 shares, representing 0.02% of the company's issued share capital[75]. - Mr. He Shao Ning holds 560,000 shares, representing 0.13% of the company's issued share capital[75]. - Sun JH Holding Ltd. holds 158,900,000 shares, representing 38.30% of the company's issued share capital[80]. - Together Win Capital (Holdings) Co., Ltd. holds 22,740,000 shares, representing 5.48% of the company's issued share capital[80]. Governance and Compliance - The company has established an audit committee in accordance with the listing rules, responsible for ensuring effective internal controls and risk management[96]. - The company has adopted the corporate governance code principles as per the listing rules for the six months ending June 30, 2024[95]. - There are no known business interests or conflicts of interest among directors, controlling shareholders, or management shareholders that compete with the company's business[94]. - The company has been compliant with all applicable code provisions during the reporting period[95].

Share Incentive Plan - The total number of shares available for issuance under the share incentive plan is 41,483,781 shares, representing 10% of the company's issued shares[2]. - The remaining term of the share incentive plan is approximately 7 years, effective from its adoption date of April 15, 2021[4]. - The company aims to align the interests of selected participants with those of the company and its shareholders through the share incentive plan[6]. - The share incentive plan is designed to reward and recognize the contributions of selected participants to the group's business development[9]. Incentive Shares Granted - The number of incentive shares granted to selected participants includes 2,800,000 shares for the non-executive director and 585,000 shares for the executive director, totaling 2,285,186 shares for 17 non-related employees[7]. - As of December 31, 2023, the number of incentive shares granted but not yet vested includes 2,240,000 for the executive director and 1,828,149 for the group’s 17 employees[8]. Performance and Review - The performance targets for the incentive shares granted for the year ending December 31, 2023, were reviewed and approved by the remuneration committee[7]. Clawback Mechanism - The incentive shares do not have any clawback mechanism; any unvested rewards will be forfeited if the selected participants cease to be employees due to corporate restructuring[9]. Disclosure of Share Incentives - The company has not granted any share incentives to directors or senior management beyond what has been disclosed for the year ending December 31, 2023[9]. Share Prices - The weighted average closing price of the incentive shares prior to the grant date on January 12, 2023, was HKD 1.27, while the prices before the vesting dates on November 30, 2023, and December 28, 2023, were HKD 0.28[1].

Financial Performance - The company's revenue for the six months ended June 30, 2024, was approximately RMB 30,323,000, an increase of about 3,393.4% compared to RMB 868,000 for the same period in 2023[5]. - Gross profit for the same period was approximately RMB 2,263,000, reflecting a growth of about 279.1% from RMB 597,000 in the previous year[5]. - The net loss for the period was approximately RMB 5,984,000, a decrease of about 57.9% compared to a loss of RMB 14,201,000 in the same period last year[6]. - The increase in revenue was primarily driven by the income from the joint publishing of third-party games and the development and sales of games[8]. - The group recorded joint publishing revenue of approximately RMB 16,172,000 from 20 third-party games during the period, compared to none for the six months ended June 30, 2023[14]. - The company reported a loss before tax of RMB 4,544,000, a reduction from a loss of RMB 15,358,000 in the prior year, reflecting improved operational efficiency[32]. - Total comprehensive loss for the period was RMB 5,095,000, compared to RMB 11,787,000 in the same period last year, showing a narrowing of losses[32]. - The basic and diluted loss per share improved to RMB (1.38) from RMB (3.34), demonstrating progress in reducing losses per share[32]. Revenue Sources - The company developed and sold three customized software and games during the period, generating sales revenue of approximately RMB 14,151,000, compared to RMB 783,000 in the previous year[12]. - The mobile gaming segment generated revenue of RMB 30,323,000 for the six months ended June 30, 2024, compared to RMB 783,000 for the same period in 2023, indicating a growth of approximately 3,772%[51]. - The blockchain technology segment reported a performance of RMB 114,000 for the six months ended June 30, 2024, compared to a loss of RMB 959,000 for the same period in 2023, showing an improvement[51]. Expenses and Costs - Administrative expenses for the period amounted to approximately RMB 21,050,000, an increase from approximately RMB 9,406,000 for the six months ended June 30, 2023, primarily due to increased advertising, promotion expenses, and intangible asset amortization[16]. - Research and development expenses were RMB 267,000, down from RMB 549,000, suggesting a potential focus on cost management[32]. - The total depreciation and amortization expense for the six months ended June 30, 2024, was RMB 5,274,000, compared to RMB 2,308,000 for the same period in 2023, representing an increase of approximately 129%[54]. Assets and Liabilities - As of June 30, 2024, the group's current assets net value was approximately RMB 91,528,000, compared to approximately RMB 86,647,000 as of December 31, 2023[22]. - The net asset value of the company increased to RMB 106,954,000 from RMB 104,712,000, reflecting a positive trend in overall financial health[33]. - The group recognized a net impairment loss of approximately RMB 12,892,000 for trade receivables as of June 30, 2024, compared to RMB 6,557,000 for the same period in 2023[59]. - The net amount of trade receivables as of June 30, 2024, was RMB 38,055,000, an increase from RMB 15,526,000 as of December 31, 2023[60]. Cash Flow - Operating cash flow before changes in working capital for the six months ended June 30, 2024, was RMB (6,175) thousand, compared to RMB (3,163) thousand for the same period in 2023, indicating a decline[38]. - Net cash used in operating activities for the six months ended June 30, 2024, was RMB (10,455) thousand, significantly higher than RMB (1,137) thousand in the prior year[38]. - The net cash generated from investing activities for the six months ended June 30, 2024, was RMB 3,583 thousand, a recovery from a net cash used of RMB (21,290) thousand in the same period of 2023[38]. Corporate Governance - The company has established an audit committee in accordance with Listing Rule 3.21, responsible for ensuring effective internal controls and risk management[94]. - The company has adopted the corporate governance code principles as per Appendix C1 of the Listing Rules for the six months ending June 30, 2024[93]. - The company has a management team that includes both executive and independent non-executive directors, ensuring diverse oversight[94]. Shareholder Information - As of June 30, 2024, Mr. Sui Jia Heng holds 158,900,000 shares, representing 38.30% of the company's issued share capital[73]. - The board does not recommend any interim dividend for the period[20]. - The company did not declare or propose any dividends for the two interim periods[57]. Future Outlook - The company aims to continue focusing on high-growth potential businesses and enhancing game development and publishing capabilities[8]. - The group remains optimistic about utilizing blockchain technology for developing social finance mobile applications and providing technical support[30].

Financial Performance - The total revenue for the year ended December 31, 2023, was approximately RMB 8,998,000, a decrease of about 26.9% compared to approximately RMB 12,302,000 for the year ended December 31, 2022[16]. - The company recorded a loss attributable to owners of the company of approximately RMB 103,378,000 for the year, compared to a loss of approximately RMB 97,525,000 for the previous year[8]. - Revenue from joint publishing of third-party games was approximately RMB 8,015,000, down from approximately RMB 10,750,000 in the previous year[19]. - The blockchain technology business generated approximately RMB 87,000 in revenue, significantly down from RMB 1,552,000 in the previous year[20]. - The company did not record any revenue from self-developed games during the year, consistent with the previous year[17]. - The company reported a gross loss of approximately RMB 14,374,000 for the year, compared to a gross loss of RMB 3,714,000 for the year ended December 31, 2022, primarily due to decreased revenue and increased promotional fees charged by game platform operators[22]. - The company confirmed impairment losses on intangible assets totaling approximately RMB 12,546,000, with specific impairments of RMB 1,121,000 for licenses, RMB 176,000 for mobile game aggregation platforms, and RMB 11,249,000 for game publishing rights[28]. - The total loss attributable to the company's owners for the year was approximately RMB 103,378,000, compared to a loss of RMB 97,525,000 for the year ended December 31, 2022, primarily due to decreased total revenue and increased sales costs and administrative expenses[32]. Business Strategy and Development - The company plans to focus on developing high-growth potential businesses, including new games with innovative elements such as blockchain technology[9]. - The company has submitted approval applications for two game titles to the National Press and Publication Administration, anticipating future game license approvals[8]. - The number of new game licenses approved by the National Press and Publication Administration has increased, indicating a potential recovery in the market[8]. - The company will regularly review its business strategies to capture opportunities in both China and overseas markets[15]. - The company primarily engages in mobile game publishing, custom software development, and blockchain technology[47]. Financial Position and Assets - As of December 31, 2023, the company's current assets net value was approximately RMB 86,647,000, down from RMB 183,768,000 as of December 31, 2022, with cash and cash equivalents at approximately RMB 79,569,000[33]. - The company's debt-to-equity ratio as of December 31, 2023, was approximately 32.2%, a significant decrease from 73.1% as of December 31, 2022, indicating improved financial stability[34]. - The company had no bank borrowings as of December 31, 2023, compared to bank borrowings of approximately RMB 47,748,000 as of December 31, 2022, reflecting a shift towards a more conservative capital structure[34]. - The distributable reserves of the company as of December 31, 2023, were approximately RMB 591 million, down from RMB 639 million in 2022[51]. Employee and Operational Costs - Employee costs increased to approximately RMB 13,698,000 from RMB 12,231,000 for the year ended December 31, 2022, mainly due to increased share-based payment expenses[25]. - The company employed 28 staff members as of December 31, 2023, down from 35 in 2022[44]. Corporate Governance - The board of directors includes both executive and non-executive members, with specific terms of service established[56]. - The company has adopted a set of corporate governance practices and has complied with the Corporate Governance Code throughout the year[112]. - The company has established a remuneration committee responsible for reviewing the remuneration policy and all remuneration structures for directors and senior management[97]. - The board consists of six members, including two executive directors and three independent non-executive directors, complying with listing rules regarding board composition[123]. - The company has arranged training for directors to ensure they understand their roles and responsibilities under the listing rules[133]. Shareholder Communication and Policies - The company has established a shareholder communication policy to ensure appropriate responses to shareholder opinions and questions[184]. - Shareholders can submit written inquiries to the board, as the company generally does not handle oral or anonymous inquiries[168]. - The company has established a dividend policy that considers various factors, including economic conditions, actual and expected financial results, and cash flow status, but does not guarantee any specific dividend amount[170][172]. Environmental, Social, and Governance (ESG) - The environmental, social, and governance (ESG) report is prepared in accordance with the Hong Kong Stock Exchange's listing rules, emphasizing the importance of ESG for long-term development[187]. - The report covers the group's performance in ESG areas, including operational management, employment practices, environmental protection, and community investment[189]. - The company has identified key ESG issues through stakeholder engagement and annual assessments, prioritizing employee health and safety, product responsibility, and compensation benefits[199]. - The company is committed to environmental management and has established a system for environmental protection and resource conservation, ensuring compliance with relevant laws and regulations[200].

Financial Performance - Total revenue for the year ended December 31, 2023, was RMB 8,998,000, a decrease of 26.5% from RMB 12,302,000 in 2022[3]. - Gross loss for the year was RMB 14,374,000, compared to a gross loss of RMB 3,714,000 in the previous year, indicating a significant increase in losses[3]. - The company reported a net loss of RMB 104,611,000 for the year, compared to a net loss of RMB 98,959,000 in 2022, representing a 5.6% increase in losses[3]. - Basic and diluted loss per share was RMB 25.75, compared to RMB 24.37 in the previous year, indicating a worsening of per-share losses[6]. - The company recorded a loss attributable to owners of the company of approximately RMB 103,378,000 for the year, compared to a loss of approximately RMB 97,525,000 for the previous year[48]. - The company did not declare or recommend any dividends for the year ended December 31, 2023, consistent with 2022[39]. - The income tax expense for the year was approximately RMB 2,535,000, compared to an income tax credit of approximately RMB 8,768,000 for the year ended December 31, 2022[64]. Revenue Breakdown - Revenue from mobile game business in China was RMB 8,911,000, while blockchain technology business contributed RMB 87,000[31]. - The company provided distribution services for 14 third-party games during the year, contributing approximately RMB 8,015,000 in revenue, down from RMB 10,750,000 in the previous year[53]. - The blockchain technology business generated approximately RMB 87,000 in revenue, significantly down from RMB 1,552,000 in the previous year[54]. - Other income increased to RMB 3,467,000 from RMB 583,000, reflecting a growth of 495.5%[3]. Expenses and Liabilities - Administrative expenses rose to RMB 28,273,000 from RMB 22,073,000, an increase of 28.1%[3]. - Total operating expenses increased to RMB 13,698,000 in 2023 from RMB 12,231,000 in 2022, primarily due to higher employee costs[38]. - Research and development expenses rose to RMB 14,416,000 in 2023 from RMB 12,580,000 in 2022, reflecting ongoing investment in new technologies[38]. - The company confirmed impairment losses of approximately RMB 34,070,000 under the expected credit loss model and RMB 12,546,000 for intangible assets during the year[48]. Assets and Financial Position - Total assets decreased to RMB 120,344,000 from RMB 328,830,000, a decline of 63.4%[8]. - Cash and cash equivalents decreased to RMB 79,569,000 from RMB 94,579,000, a decline of 16%[8]. - The net amount of trade and other receivables decreased to RMB 32,634,000 in 2023 from RMB 107,683,000 in 2022[13]. - As of December 31, 2023, the net current assets were approximately RMB 86,647,000, down from RMB 183,768,000 as of December 31, 2022, with cash and cash equivalents at approximately RMB 79,569,000 compared to RMB 94,579,000 in the previous year[66]. - The debt-to-equity ratio as of December 31, 2023, was approximately 32.2%, a significant decrease from 73.1% as of December 31, 2022[66]. - The company had no bank borrowings as of December 31, 2023, compared to bank borrowings of approximately RMB 47,748,000 as of December 31, 2022[66]. Accounting Standards and Compliance - The group has applied the revised Hong Kong Accounting Standard No. 12 for the first time, which requires immediate and retrospective application of deferred tax assets and liabilities related to the OECD's Pillar Two rules[18]. - The group has also implemented the revised Hong Kong Accounting Standard No. 1, changing the terminology from "major accounting policies" to "significant accounting policy information," which does not significantly impact the group's financial position and performance[20]. - The group has not early adopted any of the published but not yet effective Hong Kong Financial Reporting Standards revisions, which are expected to have no significant impact on the consolidated financial statements in the foreseeable future[25]. - The audited financial statements for the year ended December 31, 2023, have been reviewed by the audit committee, confirming compliance with applicable accounting standards and regulations[89]. - The auditor, Huaron (Hong Kong) CPA Limited, verified that the financial figures in the announcement are consistent with the group's consolidated financial statements for the year ended December 31, 2023[89]. Future Outlook - The company expects to obtain new game licenses in the future, having submitted applications for two game titles to the National Press and Publication Administration[49]. - The group is affected by the removal of the offset mechanism for long service payments, which will officially take effect on May 1, 2025, requiring adjustments in accounting for long service liabilities[22]. - The group has adopted guidance from the Hong Kong Institute of Certified Public Accountants regarding the accounting implications of the removal of the offset mechanism, ensuring more reliable information on long service payment liabilities[23].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確 性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容而產生或 因倚賴該等內容而引致的任何損失承擔任何責任。 SINO-ENTERTAINMENT TECHNOLOGY HOLDINGS LIMITED 新娛科控股有限公司 （股份代號：6933） （於開曼群島註冊成立的有限公 司） 2022年報補充公告 茲提述本公司於2023年4月27日刊發截至2022年12月31日止年度的年度報告（經 本公司日期為2023年5月30日的公告所補充，「2022年報」）。除另有說明者外， 本公告所用詞彙與2022年報所界定者具有相同涵義。本公告為2022年報提供進 一步補充資料，須與2022年報一併閱讀。 股份獎勵計劃的詳情 茲提述2022年報第16頁的「股份獎勵計劃」一段。董事會提供以下補充資料： 於本年度年初及年末及於2022年報日期，受託人根據股份獎勵計劃可認購及╱ 或購買的股份總數為40,916,763股，佔本公司已發行股本的10%。於2022年報日 期，股份獎勵計劃的剩餘期限約為8年。 – 1 – 本年度內股份獎勵計劃 ...

Financial Performance - The company's revenue for the six months ended June 30, 2023, was approximately RMB 868,000, a decrease of 94.5% compared to RMB 10,155,000 for the same period in 2022[5]. - Gross profit increased by 70.1% to approximately RMB 597,000 during the same period[6]. - The net loss for the period was approximately RMB 14,201,000, a reduction of 26.7% from RMB 19,913,000 in the previous year[7]. - Revenue from mobile game development and sales was RMB 783,000, with no revenue from proprietary game releases or third-party game publishing during the period[14][15][16]. - The blockchain technology business generated revenue of approximately RMB 85,000, down from RMB 778,000 in the same period last year[17]. - The group reported a loss of approximately RMB 14,201,000 for the period, a decrease from RMB 19,913,000 in the same period last year, attributed to a larger decline in sales costs compared to revenue, leading to an increase in gross profit[26]. - The group’s basic and diluted loss per share for the period was RMB 3.34, compared to RMB 4.97 in the previous year[41]. - The company reported a loss before tax of RMB 15,358,000 for the six months ended June 30, 2023, compared to a loss of RMB 19,889,000 for the same period in 2022, showing an improvement in financial performance[75]. Expenses and Costs - Administrative expenses were approximately RMB 9,406,000, a decrease from RMB 12,855,000 in the previous year, primarily due to reduced employee costs[18]. - Research and development expenses for the period were RMB 549,000, a substantial decrease from RMB 6,345,000 in the previous year, reflecting a strategic reduction in R&D spending[75]. - The total remuneration for directors and key management personnel was RMB 717,000, a decrease of 15.7% from RMB 851,000 in the same period of 2022[97]. - The total short-term employee benefits for the period were RMB 507,000, down 26.4% from RMB 689,000 in the previous year[97]. Assets and Liabilities - As of June 30, 2023, the group’s debt-to-equity ratio was 12.2%, significantly improved from 68.6% as of December 31, 2022[28]. - The group’s net current assets were approximately RMB 172,375,000 as of June 30, 2023, down from RMB 183,768,000 as of December 31, 2022[30]. - The group’s cash and cash equivalents were approximately RMB 80,251,000 as of June 30, 2023, compared to RMB 94,579,000 as of December 31, 2022[30]. - The total assets minus current liabilities amounted to RMB 190,449,000, a decrease from RMB 198,587,000 as of December 31, 2022, reflecting a decline of approximately 0.7%[43]. - The total equity as of June 30, 2023, was RMB 190,449,000, down from RMB 198,572,000 at the end of 2022, indicating a decrease of about 4.3%[44]. - The group’s total liabilities decreased significantly from RMB 145,062,000 as of December 31, 2022, to RMB 27,450,000 as of June 30, 2023, indicating a reduction of approximately 81.1%[43]. Revenue Sources - Revenue from mobile games was RMB 783,000, while blockchain technology services generated RMB 85,000, indicating a significant shift in revenue sources[73]. - The company experienced a significant reduction in revenue from self-developed mobile games and third-party mobile games due to pending approvals from the National Press and Publication Administration of China[50]. Corporate Governance and Compliance - The company has strengthened internal controls in response to recent violations of listing rules, with any acquisition or sale proposals requiring prior assessment by the audit committee starting from June 2023[125]. - The audit committee, consisting of three independent non-executive directors, is responsible for ensuring effective internal control and risk management frameworks[126]. - The company has adopted the corporate governance code principles as per the listing rules for the six months ending June 30, 2023[124]. - No directors or major shareholders have reported any business interests that compete with the company's operations as of June 30, 2023[123]. - The company is committed to maintaining reliable financial data and effective internal controls as part of its governance practices[126]. Share Incentive Plan - The company has adopted a share option scheme to reward eligible participants for their contributions to the group[112]. - The maximum number of shares that can be issued under the share option plan is capped at 10% of the shares issued on the listing date, which amounts to 40,000,000 shares[113]. - The share incentive plan allows for a maximum of 10% of the total issued shares to be used for share purchases, excluding shares to be subscribed[117]. - The share incentive plan has a term of 10 years from the adoption date, which is April 15, 2021, but can be terminated early at the board's discretion[117]. - The board approved the granting of reward shares to directors, pending shareholder approval[118]. - The company aims to retain and attract qualified participants through the share incentive plan to support its growth and development[116]. Future Outlook - Future focus will be on developing high-growth potential businesses and enhancing game development and publishing capabilities[10]. - The company plans to strengthen relationships with existing customers and develop new customer relationships to drive business growth[10]. - The group anticipates short-term uncertainty in the industry due to extended pre-approval processes by the National Press and Publication Administration, but remains confident in its financial foundation to navigate the evolving gaming industry[39]. Miscellaneous - The company did not recommend any interim dividend for the period[27]. - The company did not engage in any purchase, sale, or redemption of its listed securities during the reporting period[100]. - The company did not report any new product or technology developments, market expansions, or acquisitions during the reporting period[98].