禅游科技(02660) - 2024 - 年度业绩

Financial Performance - For the fiscal year ending December 31, 2024, the company's revenue decreased by 19.5% to RMB 1,657.7 million from RMB 2,059.4 million in 2023[5] - Gross profit fell by 25.4% to RMB 918.6 million, with a gross margin of 55.4%, down from 59.8% in the previous year[5] - Net profit for the year was RMB 430.7 million, representing a decline of 40.7% compared to RMB 725.9 million in 2023[5] - Total revenue for the year ended December 31, 2024, was approximately RMB 1.7 billion, a decrease of about 19.5% compared to approximately RMB 2.1 billion for the year ended December 31, 2023[22] - Revenue from virtual goods sales was approximately RMB 1.58 billion, down 19.8% from approximately RMB 1.96 billion in the previous year[22] - Revenue from in-game information services was approximately RMB 830.5 million, a decrease of 14.3% from approximately RMB 968.8 million in 2023[22] - Revenue from chess games decreased by approximately 22.6% to about RMB 1.55 billion, while revenue from casual and other games increased by approximately 95.8% to about RMB 105.9 million[23] - The adjusted net profit, excluding share-based payments, decreased by 38.5% to RMB 456.2 million from RMB 742.2 million in 2023[5] - The basic earnings per share decreased to RMB 0.4269 for the year ended December 31, 2024, from RMB 0.7238 in 2023[49] - The proposed final dividend for 2024 is HKD 0.15 per share, a decrease from HKD 0.23 per share in 2023, totaling HKD 154,851 thousand[90] User Engagement - Monthly active users decreased to 23.6 million from 25.1 million, while daily active users slightly declined to 4.3 million from 4.3 million[13] - The number of monthly paying users for virtual items dropped to 502, down from 553, with ARPPU decreasing to RMB 256 from RMB 304[13] Research and Development - The company plans to focus on self-research and innovation to enhance user experience and actively explore AI technology integration in game development[17] - Research and development expenses decreased by 9.9% to approximately RMB 126.6 million, mainly due to a reduction in R&D personnel and salaries[33] - The company’s research and development costs decreased to RMB 3,425 thousand in 2024 from RMB 5,787 thousand in 2023, a reduction of 40.8%[86] Compliance and Regulations - The company has implemented strict compliance measures in game operations to protect user rights and ensure regulatory adherence[16] - The financial statements are prepared in accordance with the Hong Kong Financial Reporting Standards and presented in Renminbi (RMB) thousands[57] - The group has not applied the newly issued and revised Hong Kong Financial Reporting Standards that are not yet effective, but plans to adopt them when they come into effect[63] Assets and Liabilities - The total cash and bank balance decreased from approximately RMB 1.9 billion as of December 31, 2023, to approximately RMB 1.8 billion as of December 31, 2024, due to the allocation of funds to fixed deposits with a maturity of over one year[40] - As of December 31, 2024, the current assets amounted to approximately RMB 2.4 billion, including cash and bank balances of approximately RMB 1.8 billion and financial assets held for trading of approximately RMB 404.6 million[40] - The total assets less current liabilities amounted to RMB 2.6 billion as of December 31, 2024, compared to RMB 2.4 billion as of December 31, 2023[52] Shareholder Information - The company has adopted a dividend policy without a preset payout ratio, allowing flexibility based on financial conditions and operational needs[116] - The annual general meeting is scheduled for June 5, 2025, to discuss the proposed final dividend and other matters[118] Other Financial Metrics - Other income increased by 9.4% to approximately RMB 95.7 million, primarily due to increased bank interest income[29] - The total amortization of capitalized contract costs for the year was RMB 446.2 million in 2024, down from RMB 594.5 million in 2023, reflecting a decrease of approximately 25%[102] - Trade receivables decreased from RMB 171.4 million in 2023 to RMB 106.5 million in 2024, a reduction of approximately 37.9%[97] - Cash and cash equivalents decreased from RMB 687.1 million in 2023 to RMB 425.7 million in 2024, a decline of approximately 38.1%[105]