Financial Performance - Total revenue for the first half of 2021 amounted to RMB 1,015.2 million, representing an increase of 4.3% from RMB 973.2 million for the corresponding period in 2020[12] - Gross profit increased by 12.6% on a period-on-period basis to RMB 141.7 million[12] - Operating profit increased by 2.0% on a period-on-period basis to RMB 76.6 million[12] - Profit after tax increased by 4.4% on a period-on-period basis to RMB 56.6 million[12] - Adjusted EBITDA for the period was RMB 87,135, a decrease of 6.7% from RMB 93,426 in the same period of 2020[33] - Adjusted net profit was RMB 63,299, down 1.9% from RMB 64,529 in the first half of 2020[33] - Revenue for the six months ended June 30, 2021, was RMB 1,015,151, an increase of 4.3% from RMB 973,164 in the same period of 2020[33] - Mobile advertising revenue increased by 3.2% to RMB 962.7 million, driven by an increase in the number of mobile games advertised[37] - Revenue from online-video distribution services rose by 55.0% to RMB 46.5 million, compared to RMB 30.0 million in the first half of 2020[50] - Game co-publishing service revenue decreased by 42.1% to RMB 5.9 million, down from RMB 10.2 million in the same period last year[52] Revenue Breakdown - Revenues from mobile advertising amounted to RMB 962.7 million, representing a period-on-period increase of 3.2%[13] - Revenues from online-video distribution and game co-publishing amounted to RMB 46.5 million and RMB 5.9 million, respectively[13] - In the first half of 2021, mobile advertising revenue reached RMB 962.7 million, a year-on-year increase of 3.2%[16] - Revenue from online video distribution and game joint operations in the same period was RMB 46.5 million and RMB 5.9 million, respectively[16] Investments and Partnerships - The company raised approximately HK$ 189 million through the placing of new shares to further develop its business ecosystem[11] - The company entered a business partnership with Xiaomi in January 2021, achieving excellent distribution performance in the first month through the DAPG platform[17] - A strategic cooperation agreement was signed with East West Bank in August 2021 to support business expansion and overseas development[25] Research and Development - Continuous investments in DAPG R&D have prepared the company for diversified collaborations, optimizing mobile application placements across various industries[19] - The Quick App technology has expanded its support to multiple devices, including mobile phones, TVs, and smart vehicles, enhancing its capabilities for the Internet of Things[20] - The company aims to deepen the diversified Android ecosystem in the second half of 2021 to ensure stable business development[25] - The company has strengthened its research and development capabilities, achieving a utilization rate of 58.4% in 2021, compared to 51.4% in 2020[178] Financial Position - Cash and bank balances increased by 46.9% from RMB 240.4 million as of December 31, 2020, to RMB 353.1 million as of June 30, 2021[100] - Bank borrowings decreased by 20.5% from RMB 195.0 million as of December 31, 2020, to RMB 155.0 million as of June 30, 2021[100] - Current assets increased by 10.6% from RMB 1,329.8 million as of December 31, 2020, to RMB 1,471.2 million as of June 30, 2021[100] - Total equity increased by 18.9% from RMB 1,156.8 million as of December 31, 2020, to RMB 1,375.5 million as of June 30, 2021[100] - The current ratio improved from 3.2 as of December 31, 2020, to 4.5 as of June 30, 2021, reflecting increased cash and reduced bank borrowings[118][124] - The gearing ratio decreased from 26.4% as of December 31, 2020, to 19.3% as of June 30, 2021, indicating a reduction in total liabilities[118][124] Shareholder Information - As of June 30, 2021, Mr. Gao Dinan and Mr. Zheng Wei each held a long position of 488,248,800 shares, representing approximately 32.86% of the total shares[133] - Ms. Zhou Yan held a long position of 5,000,000 shares, representing approximately 0.34% of the total shares[133] - Mr. Nie Xin held a long position of 1,587,000 shares, representing approximately 0.11% of the total shares[133] - The total number of shares in issue as of June 30, 2021, was 1,485,663,350[134] - The company granted RSUs representing 62,499,240 shares to 71 grantees under the 2016 Share Incentive Scheme as of June 30, 2021[1] Corporate Governance - The Company has complied with all applicable code provisions of the CG Code, except for the separation of the roles of Chairman and CEO, which are held by Mr. GAO Dinan[194] - The Board believes that having the same individual serve as both Chairman and CEO ensures consistent leadership and effective strategic planning[194] - The Company will continue to review its corporate governance practices to ensure compliance with the CG Code[195] - The Group's employees with access to inside information are subject to the Model Code for securities transactions, with no incidents of non-compliance reported[200]
万咖壹联(01762) - 2021 - 中期财报