联众(06899) - 2019 - 中期财报

Financial Performance - Total revenue for the six months ended June 30, 2019, was RMB 147,390,000, a decrease of 24.2% compared to RMB 194,448,000 in 2018[20] - Games revenue decreased by 32.7% to RMB 107,527,000 from RMB 159,874,000 in the same period last year[20] - Non-Games revenue increased by 15.3% to RMB 39,863,000, up from RMB 34,574,000 in 2018[20] - Loss attributable to equity holders of the Company was RMB (83,243,000), a significant improvement of 79.6% compared to a loss of RMB (408,360,000) in 2018[20] - Basic and diluted loss per share attributable to equity holders of the Company improved to (7.74) RMB cents from (37.62) RMB cents in the previous year[20] - Revenue from the People's Republic of China (excluding Hong Kong, Macau, and Taiwan) was RMB 130,048,000, a decrease of 57.5% compared to RMB 55,286,000 in 2018[37] - Revenue outside the PRC was RMB 92,104,000, an increase of 43.0% from RMB 64,400,000 in 2018[41] Cost Management - Cost of revenue decreased to RMB 70.6 million, down RMB 50.6 million or 41.8% from RMB 121.2 million in the same period of 2018, resulting in a gross profit margin increase from 37.7% to 52.1%[69] - Selling and marketing expenses were RMB 26.3 million, a decrease of RMB 27.5 million or 51.1% compared to RMB 53.8 million in the same period of 2018[76] - Administrative expenses amounted to RMB 116.8 million, down RMB 59.1 million or 33.6% from RMB 175.9 million in the same period of 2018[77] - Research and development expenses were RMB 2.3 million, a decrease of RMB 26.9 million or 92.1% compared to RMB 29.2 million in the same period of 2018[79] - Impairment of assets was RMB 12.9 million, significantly lower than RMB 281.3 million in the same period of 2018[90] Business Strategy and Outlook - The Company is focusing on expanding its eSports Group, which engages in eSports venue management and content production[47] - The Company continues to explore new online services and brand licensing opportunities through its Peerless Group[47] - Future outlook includes potential market expansion and new product development in the gaming and entertainment sectors[47] - The Company plans to continue expanding its domestic business in China while seeking overseas growth opportunities through acquisitions and asset injections via AESE and other subsidiaries[64] eSports and Events - The Company's overseas business in eSports and WPT saw a revenue increase of RMB27.7 million or 43%, reaching RMB92.1 million for the six months ended June 30, 2019, compared to RMB64.4 million for the same period in 2018[54] - WPT conducted 11 international events in March 2019 across 4 continents, 5 countries, and 9 cities, with 3 events televised on FOX Sports Network[54] - Traditional television ratings for WPT increased by 62% in viewership from Q1 to Q2 2019, with distribution coverage up by 30 million households year over year[54] - The WPT television show premiered on TV Azteca in July 2019, coinciding with the launch of the WPT social gaming platform WPTGO, attracting over 25 million weekly viewers[54] - The Company's eSports business, Allied ESports, launched several branded tournaments and TV programs, contributing to significant growth in viewership[60] - AES's Las Vegas flagship arena saw increased attendance and usage frequency, hosting notable third-party events that enhanced brand reach[60] - AES's mobile arena truck utilization increased due to high demand for participation in eSports events, featured in major events like CES and Super Bowl[60] Shareholder Information - As of June 30, 2019, Mr. Yang Eric Qing and Mr. Ng Kwok Leung Frank each held 221,653,555 shares, representing 20.27% of the company's total shares[155] - Mr. Liu Jiang held 2,182,000 shares, accounting for 0.20% of the total shares[155] - Mr. Yang also has beneficial interests in 36,531,064 shares, which is 3.34% of the total shares[155] - The total number of shares issued as of June 30, 2019, was 1,093,355,443[161] - Irena Group Co., Ltd. holds 290,690,848 shares, representing 26.59% of the company's interest[167] - Glassy Mind Holdings Limited also holds 290,690,848 shares, equating to 26.59% of the company's interest[167] - The total number of shares in issue as of June 30, 2019, is 1,093,355,443[184] Share Option Schemes - The company has adopted three share option schemes to encourage performance and retention among key participants[199] - The Employee Pre-IPO Share Option Scheme allows participants to acquire existing shares without issuing new ones, promoting long-term growth and profitability[199] - The Management Pre-IPO Share Option Scheme aims to motivate key management participants to enhance their performance and efficiency[200] - The share option schemes are part of the company's strategy to align employee interests with shareholder value[199] - The financial statements include detailed notes on the share option schemes, ensuring transparency and compliance with regulations[198]