禅游科技(02660) - 2024 - 中期业绩

Financial Performance - For the six months ended June 30, 2024, the company's revenue decreased by 8.2% to RMB 934.3 million from RMB 1,017.8 million for the same period in 2023[3]. - Gross profit fell by 22.5% to RMB 492.9 million, with a gross margin of 52.8%, down from 62.5% in the previous year[3]. - Net profit for the period decreased by 23.4% to RMB 309.8 million, compared to RMB 404.3 million in the prior year[3]. - Total revenue for the six months ended June 30, 2024, was approximately RMB 934.3 million, a decrease of 8.2% compared to RMB 1,017.8 million for the same period in 2023[12]. - Revenue from virtual goods sales was approximately RMB 894.4 million, down 7.2% from RMB 963.9 million in the previous year[12]. - Revenue from in-game information services decreased by 26.0% to approximately RMB 39.9 million from RMB 53.9 million[12]. - Adjusted net profit, excluding share-based compensation, was approximately RMB 324.7 million, down 21.4% from RMB 413.2 million[24]. - The gross profit for the same period was RMB 492.9 million, down 22.4% from RMB 635.7 million in 2023[30]. - The net profit for the six months ended June 30, 2024, was RMB 309.8 million, a decrease of 23.3% from RMB 404.3 million in 2023[33]. - The group reported a pre-tax profit from continuing operations of RMB 264,142 thousand for the six months ended June 30, 2024, compared to RMB 278,109 thousand for the same period in 2023[51]. User Metrics - Monthly active users increased slightly to 25,207 from 25,068 year-over-year, while daily active users rose to 4,468 from 4,404[7]. - The number of monthly paying users for virtual items decreased to 525 from 575, with ARPPU declining to RMB 271 from RMB 289[7]. - The number of paying users for board games decreased, contributing to a revenue drop of approximately 10.4% in this segment[13]. - Other game revenue increased by 114.2% due to growth in casual game income[12]. Future Plans and Strategies - The company plans to focus on developing long-cycle premium games and enhancing user experience in the second half of 2024[9]. - There will be an increased emphasis on talent development and innovative incentive mechanisms to strengthen management[9]. - The company aims to expand its overseas market presence as a future growth engine[9]. - Investment in peer companies will be increased to enhance R&D capabilities and synergies[9]. - The company is committed to embracing cutting-edge industry technologies to empower high-quality development of its core business[9]. Financial Position - As of June 30, 2024, the group's total cash and bank balances decreased from approximately RMB 1.9 billion on December 31, 2023, to approximately RMB 1.7 billion[26]. - The current ratio as of June 30, 2024, was 5.1, down from 7.5 on December 31, 2023[26]. - The total assets as of June 30, 2024, amounted to RMB 2.4 billion, an increase from RMB 2.3 billion on December 31, 2023[35]. - The total liabilities as of June 30, 2024, were RMB 61.7 million, compared to RMB 30.4 million on December 31, 2023[35]. - The capital expenditure for the six months ended June 30, 2024, was approximately RMB 11.2 million, primarily for investment and purchase of office premises[27]. - Trade receivables as of June 30, 2024, total RMB 115,753,000, down from RMB 168,691,000 as of December 31, 2023, representing a decrease of about 31.4%[57]. - The company's trade payables as of June 30, 2024, amount to RMB 14,477,000, a decrease from RMB 17,174,000 as of December 31, 2023, indicating a reduction of approximately 15.7%[59]. - The company's financial assets measured at fair value amounted to RMB 258,469,000 as of June 30, 2024, compared to RMB 15,521,000 as of December 31, 2023[58]. Governance and Compliance - The audit committee reviewed the unaudited interim results for the six months ended June 30, 2024, confirming compliance with applicable accounting principles and standards[67]. - The company has adopted corporate governance practices in line with the Stock Exchange's guidelines, maintaining high standards of governance[64]. - The company has established an audit committee consisting of three independent non-executive directors to oversee financial reporting[67]. - The company did not buy back or redeem any of its listed securities during the six months ended June 30, 2024[68]. - The company has not held any treasury shares as of June 30, 2024[68]. Dividends and Share Capital - The company does not recommend any interim dividend for the six months ended June 30, 2024, consistent with the previous year[54]. - The board proposed a final dividend of HKD 0.23 per share for the year ended December 31, 2023, which was approved by shareholders and will be paid on July 4, 2024[63]. - The company has issued 1,031,788,687 ordinary shares as of June 30, 2024, compared to 1,030,604,937 shares in 2023, reflecting a slight increase in share capital[60]. - Basic earnings per share for the six months ended June 30, 2024, is RMB 0.307, down from RMB 0.404 for the same period in 2023, indicating a decline of about 24%[55]. - The weighted average number of ordinary shares issued for the six months ended June 30, 2024, is 1,030,450,741, compared to 1,023,353,065 for the same period in 2023, showing an increase of approximately 0.3%[55]. Employee Relations - As of June 30, 2024, the group had approximately 501 employees, a decrease from 537 employees as of December 31, 2023[62]. - There were no significant labor disputes reported within the six months ended June 30, 2024, indicating good employee relations[62].