飞鱼科技(01022) - 2020 - 中期财报

Financial Performance - For the six months ended June 30, 2020, the company reported total revenue of approximately RMB 47.1 million, a year-on-year increase of 13.0% from RMB 41.7 million[13]. - Gross profit for the same period was RMB 32.5 million, representing a significant increase of 32.3% compared to RMB 24.6 million in the previous year[13]. - The loss before tax decreased by 38.6% to RMB 21.9 million, down from RMB 35.6 million in the prior year[13]. - The net loss attributable to equity holders of the parent company was approximately RMB 22.4 million, a reduction of 32.9% from RMB 33.4 million year-on-year[13]. - Total revenue for the six months ended June 30, 2020, increased to approximately RMB 47.1 million, a 13.0% increase compared to RMB 41.7 million for the same period in 2019[38]. - The company reported a net loss of RMB 23.3 million for the period, a 38.4% improvement compared to a loss of RMB 37.8 million in the same period of 2019[36]. - The loss for the period decreased by approximately 38.4% from RMB 37.8 million to RMB 23.3 million, with losses attributable to equity holders of the parent decreasing by approximately 32.9%[55]. Assets and Liabilities - The company's total assets as of June 30, 2020, were RMB 694.0 million, a decrease of 5.0% from RMB 730.7 million at the end of 2019[14]. - Non-current assets increased by 8.1% to RMB 527.0 million, compared to RMB 487.5 million at the end of 2019[14]. - Current assets decreased by 31.3% to RMB 167.0 million, down from RMB 243.3 million at the end of 2019[14]. - Total liabilities decreased by 10.4% to RMB 198.1 million, compared to RMB 221.0 million at the end of 2019[14]. - The total equity of the group as of June 30, 2020, was approximately RMB 495.9 million, a decrease of 2.3% from RMB 509.7 million on December 31, 2019, primarily due to a loss of RMB 23.3 million recognized during the six months[59]. - The net current assets as of June 30, 2020, were approximately RMB 31.8 million, representing a significant decrease of 58.8% compared to RMB 77.2 million as of December 31, 2019[59]. - The total cash and cash equivalents amounted to approximately RMB 114.5 million as of June 30, 2020, down 36.1% from RMB 179.2 million on December 31, 2019, mainly due to cash used for investments and operating activities[61]. - The group had bank loans totaling approximately RMB 128.3 million as of June 30, 2020, an increase from RMB 116.7 million on December 31, 2019, with RMB 72.6 million due within one year[62]. Revenue Sources - Game operation revenue for the six months ended June 30, 2020, was approximately RMB 30.5 million, a slight increase from RMB 30.0 million in the same period of 2019, with the percentage of total revenue from game operations decreasing from 72.0% to 64.7%[26][27]. - The average revenue per paying user (ARPPU) for online RPG games increased by 7.0% to RMB 147.8, while casual games saw a 50.0% increase to RMB 8.4[30]. - Online game distribution revenue surged by approximately 182.6% to about RMB 8.5 million, compared to RMB 3.0 million in the previous year, due to the launch of "Soul Instrument Academy" and testing of a new mobile game[39]. - Advertising revenue increased by approximately 69.5% to about RMB 7.8 million, attributed to advertising placements in the "Carrot Defense 3" game[40]. User Engagement - As of June 30, 2020, the company had approximately 227.9 million registered users for RPG mobile and online games, with 172.4 million for online games and 55.5 million for mobile games[30]. - The average monthly active users (MAU) for RPG mobile and online games was approximately 0.3 million, with 0.1 million for mobile games and 0.2 million for online games[30]. - The average Monthly Active Users (MPU) for casual games increased from approximately 89,000 to 130,000, a rise of 46.1%, primarily due to updates in the "Carrot Defense" series[31]. - The company continues to implement various in-game promotions and updates to enhance user engagement and retention[34]. Game Development and Strategy - The company focused on developing and operating high-quality games, which contributed to the stable revenue from game operations despite the pandemic[16]. - The company did not launch any new games during the reporting period but released two new games post-period: "Neon Abyss" and "Kaji Adventure Team" which achieved significant rankings on various platforms[17]. - The company plans to focus on developing multiple games, with four expected to launch in the second half of 2020 and six more in 2021 and beyond[20]. - The company has delayed the launch of some major new games, including "Defend the Carrot 4," to invest more time and resources in development[25]. Cost Management - The cost of sales decreased by approximately 14.7% to RMB 14.5 million, down from RMB 17.1 million, mainly due to reduced leasing costs[42]. - Research and development costs decreased by approximately 38.1% to RMB 21.8 million, down from RMB 35.2 million, reflecting cost management strategies[36]. - Administrative expenses decreased by approximately 29.6% from RMB 27.6 million to RMB 19.5 million, largely due to a reduction in professional fees related to a previous acquisition attempt[47]. - Financing costs decreased by approximately 30.7% from RMB 1.6 million to RMB 1.1 million, mainly due to lower interest rates and partial repayment of loans[49]. Investments and Future Outlook - The company is expanding its intellectual property licensing, with new products launched for Apple Inc. and a global licensing agreement with Meitu application[18][21]. - The company has adopted a prudent cash and financial management policy to effectively control costs and minimize funding costs[62]. - The company is actively seeking new business development opportunities despite not approving any significant investments or acquisitions for the second half of 2020[115]. - The company maintains a positive outlook on the domain service market in China and the future performance of Xiamen Yiming[106]. Shareholder Information - As of June 30, 2020, the total number of shares issued was 1,546,943,455[140]. - The company has granted a total of 146,160,000 share options under the post-IPO share option plan, representing approximately 9.45% of the issued shares as of June 30, 2020[141]. - Yao Jianjun holds 489,884,500 shares, representing 31.67% of the total shares[140]. - The company has established family trusts for its major shareholders, which hold significant stakes in the company[134][136][137][138][139].