新娱科控股(06933) - 2024 - 中期财报

Financial Performance - The company's revenue for the six months ended June 30, 2024, was approximately RMB 30,323,000, an increase of about 3,393.4% compared to RMB 868,000 for the same period in 2023[7]. - Gross profit for the same period was approximately RMB 2,263,000, reflecting a growth of about 279.1% from RMB 597,000 in the previous year[7]. - The net loss for the period was approximately RMB 5,984,000, a decrease of about 57.9% compared to a loss of RMB 14,201,000 in the same period last year[8]. - The company developed and sold three customized software and games, generating sales revenue of approximately RMB 14,151,000, compared to RMB 783,000 for the same period in 2023[14]. - The company provided publishing services for 20 third-party games, recording publishing revenue of approximately RMB 16,172,000, with no revenue from this segment in the previous year[16]. - The group reported a loss of approximately RMB 5,984,000 for the current period, a decrease from a loss of RMB 14,201,000 for the six months ended June 30, 2023, primarily due to increased revenue from third-party game releases and reduced impairment losses[21]. - Total comprehensive loss for the period was RMB 5,095,000, compared to RMB 11,787,000 in the previous year, showing a reduction in overall losses[34]. - The company reported a loss before tax of RMB 4,544,000, a notable improvement from a loss of RMB 15,358,000 in the same period last year[34]. - The basic and diluted loss per share improved to RMB (1.38) from RMB (3.34) year-over-year, indicating a reduction in loss per share[34]. Expenses and Costs - Administrative expenses for the period were approximately RMB 21,050,000, an increase from RMB 9,406,000 in the same period last year, primarily due to increased advertising, promotion expenses, and intangible asset amortization[18]. - Research and development expenses for the six months ended June 30, 2024, were RMB 267,000, down from RMB 549,000 for the same period in 2023, indicating a decrease of approximately 51%[56]. - The total depreciation and amortization expense for the six months ended June 30, 2024, was RMB 5,274,000, compared to RMB 2,308,000 for the same period in 2023, representing an increase of approximately 129%[56]. - The group recognized a net impairment loss of approximately RMB 12,892,000 for trade receivables during the six months ended June 30, 2024, compared to RMB 6,557,000 for the same period in 2023[61]. Assets and Liabilities - As of June 30, 2024, the group's current assets net value was approximately RMB 91,528,000, an increase from RMB 86,647,000 as of December 31, 2023[24]. - The group had cash and cash equivalents of approximately RMB 74,132,000 as of June 30, 2024, down from RMB 79,569,000 as of December 31, 2023[24]. - The net asset value increased to RMB 106,954,000 as of June 30, 2024, compared to RMB 104,712,000 at the end of 2023[35]. - Trade and other receivables rose significantly to RMB 50,890,000 from RMB 32,634,000, indicating improved collection or sales[35]. - The group’s debt-to-equity ratio as of June 30, 2024, was 34.2%, compared to 32.2% as of December 31, 2023[23]. - The group reported a loan from DeFiner Limited amounting to RMB 24,300,000 as of June 30, 2024, an increase from RMB 23,257,000 as of December 31, 2023[68]. Cash Flow - Operating cash flow before changes in working capital for the six months ended June 30, 2024, was RMB (6,175) thousand, compared to RMB (3,163) thousand for the same period in 2023, indicating a decline[40]. - Net cash used in operating activities for the six months ended June 30, 2024, was RMB (10,455) thousand, significantly higher than RMB (1,137) thousand in the prior year[40]. - Cash and cash equivalents at the end of the period were RMB 74,132 thousand, down from RMB 80,251 thousand at the end of June 2023, reflecting a decrease of 7.4%[40]. - The net cash generated from investing activities was RMB 3,583 thousand for the six months ended June 30, 2024, compared to a net cash used of RMB (21,290) thousand in the same period of 2023, showing a significant improvement[40]. Corporate Developments - A letter of intent was signed on August 23, 2024, to establish a joint venture utilizing blockchain technology to develop a social finance mobile application[10]. - The company aims to continue focusing on high-growth potential businesses and enhancing game development and publishing capabilities[10]. - The company has not received any new game licenses during the period, with two games still pending approval from the National Press and Publication Administration[10]. - The group is optimistic about utilizing blockchain technology for developing social finance mobile applications and providing technical support[32]. Shareholder Information - As of June 30, 2024, Mr. Sui Jia Heng holds 158,900,000 shares, representing 38.30% of the company's issued share capital[75]. - Mr. Li Tao holds 117,000 shares, representing 0.02% of the company's issued share capital[75]. - Mr. He Shao Ning holds 560,000 shares, representing 0.13% of the company's issued share capital[75]. - Sun JH Holding Ltd. holds 158,900,000 shares, representing 38.30% of the company's issued share capital[80]. - Together Win Capital (Holdings) Co., Ltd. holds 22,740,000 shares, representing 5.48% of the company's issued share capital[80]. Governance and Compliance - The company has established an audit committee in accordance with the listing rules, responsible for ensuring effective internal controls and risk management[96]. - The company has adopted the corporate governance code principles as per the listing rules for the six months ending June 30, 2024[95]. - There are no known business interests or conflicts of interest among directors, controlling shareholders, or management shareholders that compete with the company's business[94]. - The company has been compliant with all applicable code provisions during the reporting period[95].