联众(06899) - 2025 - 年度财报

Financial Performance - Revenue for the year ended December 31, 2024, was RMB 92,188,000, representing a 3.6% increase from RMB 88,996,000 in 2023[4] - Loss attributable to equity holders of the Company from continuing operations was RMB (89,191,000), a 15.4% increase from RMB (77,326,000) in 2023[4] - Basic and diluted loss per share attributable to equity holders was (8.32) RMB cents, a 41.0% increase from (5.90) RMB cents in 2023[4] - The loss attributable to equity holders of the Company amounted to RMB89.2 million for the year ended December 31, 2024, representing an increase of RMB26.4 million or 42.1% compared to a loss of RMB62.8 million for the year ended December 31, 2023[26] - The revenue of the Group amounted to RMB92.2 million in 2024, representing an increase of RMB3.2 million compared to RMB89.0 million for the year ended December 31, 2023[27] Revenue and Costs - The cost of revenue of the Group amounted to RMB45.9 million in 2024, an increase of RMB1.8 million compared to RMB44.1 million for the year ended December 31, 2023, with a slight decrease in gross profit margin from 50.4% to 50.2%[28] - Other income of the Group amounted to RMB5.1 million in 2024, a decrease of RMB2.1 million compared to RMB7.2 million in 2023, primarily due to a decrease in license fee income and sales of software income[29] - In 2024, the Group's revenue cost was RMB 45.9 million, an increase of RMB 1.8 million from RMB 44.1 million in 2023, with a slight decrease in gross margin from 50.4% to 50.2%[32] - Other income for 2024 was RMB 5.1 million, down RMB 2.1 million from RMB 7.2 million in 2023, primarily due to a decrease in royalty and software sales income[33] Expenses - Selling and marketing expenses increased by RMB 2.1 million or 15.5% to RMB 16.1 million in 2024, mainly due to increased promotional and marketing activities[35] - Administrative expenses decreased by RMB 2.6 million to RMB 41.4 million in 2024, attributed to cost reduction and efficiency improvements, offset by increased professional fees[36] - Research and development expenses rose by RMB 0.3 million or 1.9% to RMB 16.1 million in 2024 compared to RMB 15.8 million in 2023[37] Assets and Liabilities - Total assets decreased to RMB 100,479,000 in 2024 from RMB 187,455,000 in 2023, while total liabilities decreased to RMB 33,586,000 from RMB 36,566,000[8] - The Group's total bank balances and cash decreased from RMB 35.5 million in 2023 to RMB 13.6 million in 2024, with a current ratio of 1.86 compared to 2.21 in 2023[50] - The Group's current assets amounted to RMB 477 million, with current liabilities of RMB 283 million, resulting in a current ratio of 1.86, down from 2.21 in the previous year[53] Strategic Focus and Innovation - The Company aims to enhance user experience and community building in its core card and board games business, consolidating user activity and willingness to pay[15] - The Company has focused on optimizing technology and refining operations for regionally distinctive card and board games[15] - The Company has positioned the live broadcast business as a key strategic focus in 2024, launching events featuring mind masters in China to attract users and exploring new revenue sources such as e-commerce sales and membership subscriptions[20] - The Company has established cooperation with SenseRobot to explore the application of AI in card and board games, demonstrating its commitment to innovation and sustainable development[21] - The Company aims to deepen its competitive edge in the card and board games business while enhancing the growth of the live broadcast business to improve profitability and scale[22] User Engagement and Community - The game "Guandan" has gained nationwide popularity, with rapid growth in user numbers and stable revenue streams due to a strategic partnership with Migu[16] - The Company has established an active ecosystem of enthusiasts in the card and board games sector, enhancing brand influence and professional standing[15] - The core user base in the card game sector remains stable, with improved user engagement and willingness to pay, further solidifying the Company's brand influence[18] Financial Management and Audit - The Company will no longer disclose non-IFRS measures as the difference between IFRS and non-IFRS financials is deemed insignificant[10] - The auditor expressed a qualified opinion on the consolidated financial statements for the year ended December 31, 2024, primarily affecting the comparability of prior year figures[83] - The Group has addressed the issues leading to the qualified audit opinion, with no carried forward effects on future financial statements[93] - The Group's financial risk management objectives and policies are outlined in the consolidated financial statements[98] Share Options and Employee Incentives - As of December 31, 2024, a total of 73,062,128 share options were granted to former Directors under the Management Pre-IPO Share Option Scheme and the 2014 Share Option Scheme[129] - The exercise price for the Employee Pre-IPO Share Option Scheme is RMB0.1276 per share, adjusted for capitalisation issues[133] - The shares under the Employee Pre-IPO Share Option Scheme vest in four equal annual instalments, with the first instalment of 25% vesting on the first anniversary of the listing date[134] - The maximum number of shares under the Employee Pre-IPO Share Option Scheme is 25,009,600 shares, with no further options granted since March 7, 2014, representing 0% of the shares in issue as of the annual report date[139] - The total number of shares available for issuance under the 2014 Share Option Scheme is 78,400,000, which is no more than 10% of the shares in issue as of the adoption date[165] Sustainability and Governance - The Group emphasizes sustainability and resource conservation, advocating efficient use of resources and minimizing environmental impact[108] - Continuous efforts will be made by the Group to promote sustainability in environmental, social, and corporate governance[109] - The Share Award Scheme aims to encourage and retain participants who contribute to the Group's growth[196] Corporate Developments - The Company appointed Ms. Xu Jin as the executive Director and CEO effective March 1, 2025[194] - The Group did not have any material investments or acquisitions during the year ended 31 December 2024[51][52] - There were no material events occurring since the end of the year ended December 31, 2024[81]