新娱科控股(06933) - 2020 - 中期财报

Financial Performance - The company's revenue for the six months ended June 30, 2020, was approximately RMB 106,042,000, representing a 37.0% increase compared to RMB 77,380,000 for the same period in 2019[9]. - Gross profit increased by 60.6% to approximately RMB 43,050,000, up from RMB 26,804,000 in the previous year[10]. - The net profit for the period was approximately RMB 20,399,000, a 68.6% increase from RMB 12,098,000 in the same period last year[9]. - Revenue from self-developed games surged by 870.3% to approximately RMB 52,592,000, while revenue from third-party games decreased by 25.7% to approximately RMB 53,450,000[9]. - The group’s profit for the period was approximately RMB 20,399,000, a significant increase from RMB 12,098,000 for the six months ended June 30, 2019, primarily due to revenue growth from self-developed games[32]. - The company reported a profit before tax of RMB 21,085 thousand, which is a 71% increase from RMB 12,317 thousand in the previous year[86]. - Basic earnings per share increased to RMB 6.30, up from RMB 3.73 in the prior year, marking a 69% rise[86]. - The company reported a pre-tax profit of RMB 1,333 thousand for the six months ended June 30, 2020, compared to a loss in the previous year[115]. - The basic earnings per share attributable to the company's owners for the six months ended June 30, 2020, was RMB 20,399,000, compared to RMB 12,098,000 for the same period in 2019, representing a growth of approximately 68.5%[131]. Expenses and Investments - The company incurred listing expenses of approximately RMB 9,950,000 during the period, which impacted net profit calculations[11]. - Administrative expenses for the period were approximately RMB 3,016,000, consistent with RMB 3,011,000 from the previous year[22]. - Research and development expenses for the period were RMB 8,697 thousand, compared to RMB 5,441 thousand in the previous year, indicating a 60% increase[86]. - The company incurred current tax expenses of RMB 686 thousand for the six months ended June 30, 2020, compared to RMB 219 thousand in the same period of 2019, representing a 213% increase[123]. - The company reported a net cash outflow from investing activities of RMB (5,053) thousand, compared to RMB (1,875) thousand in the previous year, indicating increased investment activity[97]. - The company incurred RMB (22,500) thousand in purchases of other financial assets, significantly higher than RMB (3,000) thousand in the previous year, indicating aggressive investment strategies[97]. Assets and Liabilities - As of June 30, 2020, the group's current assets net value was approximately RMB 130,588,000, up from RMB 114,727,000 as of December 31, 2019[37]. - The group had no bank loans as of June 30, 2020, maintaining a zero debt ratio[38]. - Total assets as of June 30, 2020, amounted to RMB 159,211 thousand, compared to RMB 135,800 thousand at the end of 2019, reflecting an increase of 17%[90]. - The company's total equity increased to RMB 149,385 thousand from RMB 128,986 thousand at the end of 2019, a growth of 16%[90]. - Trade receivables as of June 30, 2020, amounted to RMB 73,888,000, an increase from RMB 49,002,000 as of December 31, 2019, reflecting a growth of approximately 50.7%[135]. - Trade payables as of June 30, 2020, were RMB 9,005,000, down from RMB 11,865,000 as of December 31, 2019, showing a decrease of approximately 24.1%[140]. Staffing and Management - As of June 30, 2020, the company employed 130 staff members, a slight decrease from 132 employees in the previous year[21]. - The company established a Remuneration Committee on June 19, 2020, to advise on senior management compensation[58]. - A Nomination Committee was also formed on June 19, 2020, to recommend candidates for board and senior management vacancies[61]. - The company’s management compensation for the six months ended June 30, 2020, totaled RMB 526,000, a slight decrease from RMB 578,000 in the same period of 2019[144]. Market and Strategic Developments - The company aims to leverage its listing platform to enhance game distribution capabilities and deepen relationships with existing and new customers[14]. - The group is designing a cloud gaming platform based on 5G technology, expected to launch in 2021, allowing mobile game developers to upload games and users to play without downloading[51]. - The company launched three internally developed mobile games during the COVID-19 pandemic, leading to an increase in revenue from self-developed games[102]. - The company’s operational strategy includes leveraging the "stay-at-home" economy opportunities presented by the COVID-19 pandemic[102]. Shareholder Information - The company has issued a total of 400,000,000 shares as of the report date[72]. - Mr. Sui Jiaheng holds 162,000,000 shares, representing 40.50% of the company's issued share capital[66]. - Rui Feng Greater China TMT Fund owns 37,260,000 shares, accounting for 9.32% of the total share capital[72]. - Together Win Capital (Holdings) Co., Ltd. has a stake of 22,740,000 shares, which is 5.68% of the issued share capital[72]. - The company did not declare or propose any dividends for the two periods under review[134]. - The company has not engaged in any purchase, sale, or redemption of its listed securities since its listing date[63].