指尖悦动(06860) - 2024 - 中期财报

Financial Performance - The total revenue for the reporting period was approximately RMB 328.3 million, representing a year-on-year increase of about 5.0%[7] - The company recorded a profit attributable to owners of approximately RMB 9.2 million, compared to a loss of approximately RMB 21.0 million in the same period last year[8] - Gross profit was approximately RMB 206.2 million, with a gross margin rising from about 55.9% to approximately 62.8% due to decreased costs and increased revenue[12] - Operating profit turned positive at RMB 13,170 thousand compared to an operating loss of RMB 19,815 thousand in the prior year, reflecting a significant recovery[20] - The company reported a net profit of approximately RMB 9.2 million, a significant turnaround from a loss of about RMB 21.0 million in the previous year[16] - The net profit for the six months ended June 30, 2024, was RMB 9,170,000, a significant recovery from a loss of RMB 21,047,000 in the same period of 2023[48] User Metrics - Monthly active users (MAUs) reached 5.1 million, an increase of 75.9% year-on-year[8] - The total number of registered users grew by 18.4% year-on-year, reaching 255.1 million[8] Market Insights - The overseas market revenue from self-developed games was approximately USD 8.55 billion, a year-on-year increase of about 4.2%[6] - The actual sales revenue of the Chinese gaming market in the first half of 2024 was RMB 147.27 billion, a year-on-year growth of 2.1%[6] - The mobile gaming market accounted for 73.0% of the total gaming market revenue, although it saw a slight decline[6] Cost Management - Research and development expenses decreased by approximately 10.9% to about RMB 35.6 million, primarily due to reduced employee benefit costs[15] - The company’s administrative expenses were approximately RMB 15.0 million, down from about RMB 17.5 million in the previous year, attributed to a decrease in expected credit loss provisions[14] - Research and development expenses were RMB 35,641 thousand, a decrease from RMB 40,018 thousand, reflecting a focus on cost management[20] Financial Position - Current assets increased from approximately RMB 25.1 million to about RMB 43.0 million, mainly due to deposits made for the acquisition of five mobile games[17] - The current ratio improved to 4.3 as of June 30, 2024, compared to 3.9 at the end of 2023[17] - The company has no bank borrowings or debt financing obligations, resulting in a zero debt-to-equity ratio[18] - Total assets decreased to RMB 985,241 thousand as of June 30, 2024, down from RMB 1,011,901 thousand at the end of 2023[24] - Total liabilities decreased to RMB 195,066 thousand from RMB 226,167 thousand, indicating a reduction in financial obligations[24] Revenue Breakdown - The revenue from self-issued products was RMB 191,671 thousand, up from RMB 146,786 thousand year-on-year, indicating a growth of about 30.5%[40] - The revenue from joint issuance was RMB 136,619 thousand, down from RMB 165,836 thousand, reflecting a decrease of approximately 17.6%[40] Governance and Compliance - The company has adhered to all provisions of the corporate governance code as per the listing rules, with the exception of the separation of roles between the Chairman and CEO, which is held by Mr. Liu, who has extensive experience in the mobile internet and mobile gaming industry[87] - The audit committee, composed of three independent non-executive directors, has reviewed the unaudited consolidated results for the reporting period and confirmed compliance with applicable accounting principles and sufficient disclosures[88] - The company is committed to maintaining transparency and compliance with the relevant financial reporting standards[88] Future Plans - The company plans to optimize game operations and explore innovative marketing channels due to rising advertising costs and uncertain effectiveness[8] - The company aims to extend the product lifecycle by continuously injecting new gameplay and enhancing player experience[9] - The company plans to continue expanding its market presence and investing in new product development to drive future growth[20] Shareholder Information - As of June 30, 2024, Liu Jie holds 1,007,837,500 shares, representing approximately 52.54% of the equity[76] - Major shareholders include LJ Technology Holding Limited with 1,007,837,500 shares (52.54%) and ZYB Holding Limited with 148,488,000 shares (7.74%) as of June 30, 2024[79] Employee Metrics - The total number of employees decreased to 301 as of June 30, 2024, from 347 a year earlier, indicating a reduction in workforce[67] - Total remuneration for key management personnel increased to RMB 2,869,000 for the six months ended June 30, 2024, compared to RMB 2,559,000 for the same period in 2023, reflecting a growth of 12.1%[60]