蓝港互动(08267) - 2024 - 中期业绩

Financial Performance - For the six months ended June 30, 2024, the company's revenue was approximately RMB 58.8 million, a decrease of about 40.3% compared to RMB 98.5 million for the same period in 2023[2]. - The gross profit for the six months ended June 30, 2024, was approximately RMB 14.7 million, down approximately 34.1% from RMB 22.3 million for the same period in 2023[2]. - The net loss attributable to the owners of the company for the six months ended June 30, 2024, was approximately RMB 12.8 million, compared to a net loss of RMB 12.9 million for the same period in 2023[2]. - The operating loss for the six months ended June 30, 2024, was RMB 13.7 million, compared to an operating loss of RMB 12.2 million for the same period in 2023[4]. - The company reported a total comprehensive loss of RMB 11.0 million for the six months ended June 30, 2024, compared to a total comprehensive loss of RMB 7.3 million for the same period in 2023[5]. - The basic and diluted loss per share for the six months ended June 30, 2024, was RMB 0.037, unchanged from the same period in 2023[5]. - The group reported an operating loss of RMB 13,681 thousand for the six months ended June 30, 2024, compared to an operating loss of RMB 12,216 thousand for the same period in 2023[21]. - The group's revenue decreased by approximately 40.3% from RMB 98.5 million for the six months ended June 30, 2023, to RMB 58.8 million for the six months ended June 30, 2024[48]. Assets and Liabilities - Total assets as of June 30, 2024, amounted to RMB 361.6 million, an increase from RMB 320.6 million as of December 31, 2023[6]. - Total liabilities rose to RMB 113,138 thousand, up from RMB 72,906 thousand, marking an increase of 55.4%[8]. - The company's accumulated losses reached RMB 1,891,392 thousand, up from RMB 1,878,628 thousand, indicating a continued trend of increasing losses[9]. - The company's total assets increased to RMB 361,630 thousand from RMB 320,566 thousand, reflecting a growth of 12.8%[8]. - The group's non-current assets as of June 30, 2024, totaled RMB 88,324 thousand, an increase from RMB 36,957 thousand as of December 31, 2023[23]. Cash Flow and Investments - Cash flow from operating activities showed a significant increase to RMB 46,475 thousand, compared to a cash outflow of RMB 5,718 thousand in the previous year[12]. - Cash and cash equivalents as of June 30, 2024, were RMB 92.0 million, compared to RMB 77.7 million as of December 31, 2023[6]. - The group reported a cash outflow from investing activities of RMB 32,330 thousand, compared to RMB 29,875 thousand in the previous year, indicating an increase in investment expenditures[12]. - Total capital expenditure for the six months ended June 30, 2024, was approximately RMB 43.9 million, significantly up from RMB 10.4 million in the same period of 2023, primarily due to cryptocurrency purchases[60]. Revenue Breakdown - Revenue from the gaming business was RMB 23,334 thousand, down 50.4% from RMB 47,044 thousand in the previous year[21]. - Revenue from the film and television business was RMB 35,453 thousand, a decrease of 31.1% compared to RMB 51,487 thousand in the same period last year[21]. - Revenue from customers in China was RMB 51,028 thousand, down 35.8% from RMB 79,610 thousand in the previous year[21]. - Revenue from South Korea was RMB 6,984 thousand, a decrease of 19.7% compared to RMB 8,699 thousand in the same period last year[21]. - The group recognized revenue from customer contracts of RMB 55,380 thousand for the six months ended June 30, 2024, down 24.0% from RMB 72,809 thousand in 2023[22]. Expenses - Sales and marketing expenses for the six months ended June 30, 2024, were approximately RMB 7.7 million, an increase of about 86.9% from RMB 4.1 million in the same period of 2023[52]. - Administrative expenses for the six months ended June 30, 2024, were approximately RMB 10.3 million, a decrease of about 34.8% from RMB 15.8 million in the same period of 2023[54]. - Research and development expenses for the six months ended June 30, 2024, were RMB 10.3 million, compared to RMB 13.7 million for the same period in 2023[4]. Strategic Initiatives - The company plans to focus on the third-generation internet business as a strategic priority starting in 2024, with significant investments in applications, cryptocurrency, and AI computing services[41]. - The company is actively planning to establish a dedicated cryptocurrency asset management company to meet the growing market demand for professional cryptocurrency asset management services[44]. - The company has initiated a partnership with EcoPowX to provide sustainable power solutions for AI computing and Bitcoin networks, expected to commence operations in Q3 2024[43]. Corporate Governance - The board of directors did not recommend the payment of an interim dividend for the six months ended June 30, 2024[67]. - The company is committed to transparency and timely disclosure of information to stakeholders[75]. - The board structure reflects a balance between executive and independent oversight[75]. - The company aims to enhance corporate governance through its board composition[75].