禅游科技(02660) - 2024 - 年度财报

Financial Performance - In 2024, the company's revenue decreased by 19.5% to approximately RMB 1,657.7 million from RMB 2,059.4 million in 2023[10] - Gross profit fell by 25.4% to RMB 918.6 million, with a gross margin of 55.4% compared to 59.8% in the previous year[10] - Net profit decreased by 40.7% to RMB 430.7 million from RMB 725.9 million in 2023, resulting in a net profit margin of 26.0%[10] - The adjusted net profit, excluding share-based payments, declined by 38.5% to RMB 456.2 million from RMB 742.2 million in 2023[10] - Revenue decreased from approximately RMB 2.1 billion in 2023 to approximately RMB 1.7 billion in 2024, a decline of approximately 19.5%[23] - Net profit decreased from approximately RMB 725.9 million in 2023 to approximately RMB 430.7 million in 2024, a decline of approximately 40.7%[23] - Adjusted net profit (excluding share-based payments) decreased from approximately RMB 742.2 million in 2023 to approximately RMB 456.2 million in 2024, a decline of approximately 38.5%[23] - Revenue from the sale of virtual goods was approximately RMB 1.58 billion, down 19.8% from approximately RMB 1.96 billion in the previous year[28] - The company's revenue from in-game information services was approximately RMB 830.5 million, a decrease of 14.3% from approximately RMB 968.8 million in the previous year[28] - The gross profit for the fiscal year ending December 31, 2024, was approximately RMB 918.6 million, down 25.4% from approximately RMB 1.23 billion in the previous year, with a gross margin of 55.4%[31] User Engagement - The flagship product "Finger Sichuan Mahjong" ranked third in the iOS desktop game sales chart in China during 2024[16] - The company launched new game features and events, enhancing user engagement and experience[16] - Monthly active users decreased from 25,065 in 2023 to 23,636 in 2024, a decline of approximately 5.7%[22] - Daily active users decreased from 4,347 in 2023 to 4,316 in 2024, a decline of approximately 0.7%[22] - Monthly paying users for virtual items decreased from 553 in 2023 to 502 in 2024, a decline of approximately 9.2%[22] Assets and Liabilities - The total assets increased to RMB 2,879.5 million in 2024 from RMB 2,640.5 million in 2023[9] - Total liabilities slightly decreased to RMB 316.8 million in 2024 from RMB 320.5 million in 2023[9] - The total cash and bank balances decreased from approximately RMB 1.9 billion as of December 31, 2023, to approximately RMB 1.8 billion as of December 31, 2024[43] - Current assets as of December 31, 2024, were approximately RMB 2.4 billion, with cash and bank balances of about RMB 1.8 billion and financial assets held for trading of approximately RMB 404.6 million[43] - The current ratio increased to 8.8 as of December 31, 2024, compared to 7.5 as of December 31, 2023[43] Strategic Focus - The company is focusing on self-research innovation and enhancing operational capabilities while expanding into overseas markets[14] - The company is actively exploring new business areas, with positive user feedback on its casual game "Fishing Master"[16] - The company plans to continue expanding into overseas markets while deepening its focus on domestic market innovation and product quality[19] - The company plans to focus on self-research and innovation to enhance user experience and actively learn the latest AI technologies to accelerate the AI transformation of the entire development and release process[27] - The company aims to solidify its position in the domestic innovative chess market while actively expanding into overseas markets to promote Chinese culture[27] Expenses and Income - Sales and distribution expenses decreased by 11.2% to approximately RMB 148.0 million for the fiscal year ending December 31, 2024, compared to approximately RMB 166.7 million in the previous year[34] - Research and development expenses decreased by 9.9% to approximately RMB 126.6 million for the fiscal year ending December 31, 2024, compared to approximately RMB 140.5 million in the previous year[36] - Other income increased by 9.4% to approximately RMB 95.7 million for the fiscal year ending December 31, 2024, compared to approximately RMB 87.5 million in the previous year, mainly due to increased bank interest income[33] Dividends - The board declared a final dividend of HKD 0.15 per share for the fiscal year ending December 31, 2024, totaling approximately HKD 154.9 million[19] - The board proposed a final dividend of HKD 0.15 per share for the year ended December 31, 2024, totaling approximately HKD 154.9 million, subject to shareholder approval[53] Compliance and Governance - The company has integrated real-name authentication systems and anti-addiction prompts in its games to comply with regulatory requirements[24] - The company has confirmed compliance with the non-competition agreements by its controlling shareholders as of December 31, 2024[81] - The company is focused on maintaining compliance with applicable laws and regulations in its operations[169] - The board has the authority to amend the company's articles of association, reflecting a proactive governance approach[166] Shareholder Agreements and Equity - The company has established a framework to protect its interests in the event of shareholder death or divorce, ensuring continuity[171] - The spouses of major shareholders have committed to not claiming any shares in the company, ensuring stability in ownership[168] - Recent equity transfers have resulted in major shareholders' spouses holding significant stakes, with 99% of Tianchan owned by Xie Yingying, the spouse of Ye Sheng[172] - The company has engaged in strategic equity transfers to optimize ownership structures among key stakeholders[172] - The shareholders waive their preemptive rights during enforcement of the pledge[199] Employee Relations - The group had approximately 494 employees as of December 31, 2024, a decrease from 537 employees as of December 31, 2023[145] - The group has maintained good working relationships with employees, with no significant labor disputes occurring during the fiscal year ending December 31, 2024[146] - The group participates in various government-managed employee social security plans, including housing, pension, medical, maternity, and unemployment insurance[145] - The group’s employee compensation policy is determined by the board based on employees' strengths, qualifications, and overall market conditions[145]