蓝港互动(08267) - 2024 - 中期财报

Strategic Focus and Business Development - The company has shifted its strategic focus to the third generation of internet business starting in 2024, emphasizing applications, investments, and computing power services [4]. - The company acquired a 35% stake in Element, a popular NFT trading market, which will enhance its development in the third generation internet sector [6]. - The company is actively developing new tools such as the NFT Creator Studio and a Token Bridge aggregator to enhance its NFT offerings [6]. - The company aims to explore micro-short drama business as part of its long-term development strategy [5]. - The company is committed to deepening its strategic deployment in the gaming and film sectors [5]. - The company is planning to establish a dedicated cryptocurrency asset management company, responding to the growing demand for professional cryptocurrency asset management services [7]. Financial Performance - The company's revenue decreased by approximately 40.3%, from RMB 985 million for the six months ended June 30, 2023, to RMB 588 million for the six months ended June 30, 2024 [13]. - Total revenue for the six months ended June 30, 2024, was approximately RMB 58.8 million, a decrease of 40.4% compared to RMB 98.5 million for the same period in 2023 [14]. - Gross profit for the six months ended June 30, 2024, was approximately RMB 14.7 million, a decrease of 34.1% from RMB 22.3 million in the same period last year [17]. - Operating loss for the six months ended June 30, 2024, was approximately RMB 13.7 million, compared to an operating loss of RMB 12.2 million in the same period of 2023 [20]. - The company reported a net loss of RMB (13,681,000) for the six months ended June 30, 2024, compared to a loss of RMB (12,216,000) in the same period of 2023 [129]. - The total comprehensive loss for the period was RMB 11,027,000, compared to RMB 7,264,000 in the prior year, indicating an increase in comprehensive loss of approximately 51.0% [89]. Revenue Breakdown - Game business revenue dropped to RMB 23.3 million in 2024 from RMB 47.0 million in 2023, reflecting a significant decline [13]. - Film and television business revenue also fell to RMB 35.5 million in 2024 from RMB 51.5 million in 2023 [13]. - Revenue from customers in China decreased to RMB 51,028,000 from RMB 79,610,000, a decline of 35.8% [130]. - The film and television business achieved an operating profit of RMB 2,941,000, improving from a loss of RMB (1,890,000) in the prior year [129]. Cryptocurrency Investments - The company has invested in 43.3396 units of Bitcoin and 848.386 units of Ethereum, with a total cash cost of approximately $8.8 million [6]. - The company plans to continue purchasing more cryptocurrencies to further preserve and increase asset value, especially following the SEC's approval of spot Bitcoin and Ethereum ETFs [6]. - The company holds investments in cryptocurrencies valued at approximately USD 8.8 million, including 142.8539 units of Bitcoin and 848.386 units of Ethereum as of June 30, 2024 [32]. - The group purchased cryptocurrencies, including 43.3396 units of Bitcoin and 848.3860 units of Ethereum, for a total cash consideration of USD 5,904,000 (approximately RMB 41,927,000) [146]. Operational Metrics - In the first half of 2024, Element Market recorded 649,241 unique trading addresses, 2,546,332 transactions, and a total trading volume of approximately $234.59 million [6]. - The remastered version of "Naughty Heaven 1" has over 20 million registered users and emphasizes fair competition, officially launching in August 2024 [8]. - "Naughty Heaven 2," a tower defense card game, is set to launch in September 2024, having received its game license in April 2023 [9]. - The fantasy romance drama "Nian Nian Ren Jian Yu" has garnered 22.6 million paid views since its release on July 31, 2024 [11]. - The company is expanding into the short drama market, with several micro-dramas set to premiere starting August 2024 [12]. Compliance and Governance - The management has confirmed that the information in the report is accurate and complete, with no misleading elements [4]. - The audit committee has reviewed the unaudited interim financial results for the six months ending June 30, 2024, confirming the accounting principles adopted by the company [42]. - The company complied with the corporate governance code as outlined in the GEM Listing Rules during the six months ending June 30, 2024 [74]. - As of June 30, 2024, all directors confirmed compliance with the trading standards regarding the buying and selling of the company's securities [77]. Shareholder Information - The total number of issued shares as of June 30, 2024, is 367,974,964 [44]. - Major shareholder Zhu Li holds 21.53% of the company's shares, totaling 79,216,540 shares [49]. - The company holds 21.53% equity interest through Wangfeng Management Limited, which owns 66,576,160 shares [43]. - The company has not declared an interim dividend for the six months ending June 30, 2024 [41]. Employee Compensation and Stock Options - The total employee compensation for the six months ended June 30, 2024, is approximately RMB 21.2 million, down from RMB 25.7 million for the same period in 2023 [30]. - The company has not purchased any shares on the stock exchange to meet the exercise needs of RSUs during the reporting period [55]. - The total number of RSUs granted to the top five highest-paid individuals as of June 30, 2024, includes significant allocations to directors Wang Feng, Liao Mingxiang, and Qi Yunxiao [56]. - The company has a stock option plan approved on November 20, 2014, with various grants made at exercise prices ranging from HKD 0.335 to HKD 8.10 [62]. Asset and Liability Management - Total assets increased to RMB 361,630 thousand as of June 30, 2024, compared to RMB 320,566 thousand as of December 31, 2023, reflecting a growth of approximately 12.8% [90]. - Current liabilities increased to RMB 111,130 thousand from RMB 70,746 thousand, marking a rise of approximately 57% [92]. - The company incurred RMB 41,927,000 in the purchase of intangible assets during the reporting period, compared to RMB 6,439,000 in the previous year [103]. - The company reported a cumulative loss of RMB 1,891,392 thousand as of June 30, 2024, compared to RMB 1,878,628 thousand at the end of 2023, reflecting an increase in losses of about 0.67% [91].