联众(06899) - 2021 - 中期财报

Financial Performance - Ourgame International Holdings Limited reported a significant increase in revenue, reaching approximately HKD 1.2 billion, representing a year-over-year growth of 25%[1] - The company reported steady development in its business in China, with consistent "value added" performance in existing operations despite COVID-19 restrictions[14] - For the six months ended June 30, 2021, the loss attributable to equity holders of the Company was RMB 7.8 million, a significant improvement compared to a loss of RMB 70.5 million for the same period in 2020[24] - Revenue from continuing operations for the six months ended June 30, 2021, amounted to RMB 58.6 million, representing a decrease of RMB 2.8 million or 4.5% compared to RMB 61.4 million for the corresponding period in 2020[25] - The gross profit margin from continuing operations increased from 15.5% for the six months ended June 30, 2020, to 41.3% for the same period in 2021[27] - The loss attributable to equity holders of the Company decreased to RMB 7.8 million from RMB 70.5 million for the same period in 2020, reflecting improved operational results[52] User Growth and Engagement - The company’s user base expanded to 15 million active users, marking a 30% increase compared to the previous period[1] - Ourgame is focusing on enhancing user engagement through new loyalty programs, aiming to increase user retention by 10%[1] - The company has launched two new mobile games, which have already garnered over 1 million downloads within the first month[1] - The Company is enhancing its traditional products by integrating them with popular trends like short videos and live broadcasts to boost user engagement[15] Strategic Initiatives and Future Outlook - Future outlook indicates a projected revenue growth of 20% for the next fiscal year, driven by new product launches and market expansion strategies[1] - Ourgame plans to expand its market presence in Southeast Asia, targeting a 15% market share within the next two years[1] - The company is investing HKD 200 million in research and development for new gaming technologies and platforms[1] - The partnership with iQIYI for the web game "All City Fight Landlord" has provided hundreds of millions of users with enriching entertainment experiences[15] - The Company has implemented various initiatives to optimize its PC games business, focusing on enhancing customer experience and increasing brand loyalty[15] Financial Management and Expenses - Operating profit margin improved to 18%, up from 15% in the previous year, reflecting better cost management[1] - The cost of revenue from continuing operations decreased to RMB 34.4 million, down RMB 17.4 million or 33.6% from RMB 51.8 million in the same period of 2020[27] - Selling and marketing expenses increased by RMB 5.0 million or 218.4% to RMB 7.3 million compared to RMB 2.3 million for the same period in 2020[41] - Administrative expenses decreased by RMB 36.2 million or 35.1% to RMB 66.9 million compared to RMB 103.1 million for the same period in 2020[41] - Research and development expenses increased by RMB 11.5 million or 13,199% to RMB 11.6 million compared to RMB 0.1 million for the same period in 2020[42] Corporate Governance and Compliance - The Company aims to identify and appoint an independent non-executive director to comply with Listing Rules as soon as practicable[175] - The Company is committed to maintaining stringent corporate governance policies to enhance transparency and accountability[170] - The company has established several committees, including the Audit Committee, Nomination and Corporate Governance Committee, Remuneration Committee, and Risk Prevention and Digital Assets Management Committee[181] - The company has adopted the Model Code for securities transactions by its Directors, with all confirming compliance during the six months ended June 30, 2021[178] Shareholder Information - As of June 30, 2021, the company had 1,077,799,887 shares issued[108] - The total outstanding share options as of June 30, 2021, were 64,001,339 shares after accounting for cancellations and lapses[168] - The Company has adopted three share option schemes to motivate participants and retain key contributors for long-term growth and profitability[139] - The Company aims to enhance the value of its shares for the benefit of all shareholders through these share option schemes[155] Employee and Operational Insights - The Group had 194 employees as of June 30, 2021, with 73 involved in games development and operation in the PRC[83] - Total remuneration expenses for the six months ended June 30, 2021, were RMB 31.1 million, representing an increase of 8.4% compared to the same period in 2020[83] - The company expressed gratitude to the management team and staff for their hard work and dedication during the reporting period[197]