云游控股(00484) - 2022 - 年度财报

Financial Performance - In 2022, the Group recorded revenue of approximately RMB 114.1 million, representing a decrease of 19.7% compared to the previous year[20]. - The Group reported a loss of approximately RMB 20.1 million for the year, attributed to the payback period of game research and development investment and inventory impairment of trading electronic devices and semiconductors[20]. - Gross profit for the year was RMB 5.8 million, down from RMB 13.6 million in 2021[12]. - The Group's EBITDA for the year was reported at RMB (2.2) million, a significant decline from RMB 32.1 million in 2021[12]. - Adjusted EBITDA for the year was RMB 0.3 million, recovering from a loss of RMB 13.4 million in 2021[12]. Assets and Liabilities - Non-current assets increased to RMB 267.3 million in 2022 from RMB 155.4 million in 2021, reflecting a growth of 72%[16]. - Total assets amounted to RMB 724.0 million, slightly up from RMB 713.4 million in 2021[16]. - Total equity reached RMB 643.2 million, a marginal increase from RMB 636.7 million in the previous year[16]. - Current liabilities rose to RMB 78.3 million in 2022, compared to RMB 71.0 million in 2021, indicating a 1.8% increase[16]. Business Strategy and Investments - The Group continues to invest in online gaming and trading of electronic devices and semiconductors to improve operational efficiency[19]. - The Group plans to strengthen internal management, improve efficiency, and reduce costs in response to ongoing economic challenges[25]. - The Group will increase investment in research and development for the gaming business, incorporating new technologies such as cloud computing, blockchain, and AI to enhance product quality and technical standards[25]. - The Group aims to actively expand its business and develop long-term, stable investment channels while seeking new business directions[25]. Shareholding and Corporate Governance - The Group's distributable reserves as of December 31, 2022, were approximately RMB 643.1 million, with no final dividend proposed for the year[50]. - As of December 31, 2022, Managecorp Limited holds 29,437,335 ordinary shares, representing approximately 20.06% of the total shareholding[86]. - Foga Group is a beneficial owner of 21,673,338 ordinary shares, accounting for about 14.77% of the total shareholding[86]. - Wang Dongfeng, as the founder of the discretionary trust, also holds 21,673,338 ordinary shares, equivalent to 14.77% of the total shareholding[86]. - The Company maintained the required amount of public float under the Listing Rules during the year ended December 31, 2022[63]. Regulatory and Compliance Issues - The Company faces risks if the PRC government determines that the underlying agreements of the Contractual Arrangements do not comply with PRC laws, which could lead to severe penalties or loss of operational interests[148]. - The effectiveness of the Contractual Arrangements in providing operational control may not match that of direct ownership, posing risks if the PRC Operational Entities or their shareholders fail to fulfill their obligations[153]. - There are substantial uncertainties regarding the interpretation and application of PRC laws, which may affect the enforceability of the Contractual Arrangements[139]. - The Group's business operations in China may face enforceability issues under PRC laws, which could complicate the execution of the Contractual Arrangements[169]. Employment and Remuneration - As of December 31, 2022, the Group had 39 full-time employees, with remuneration policies based on individual performance and regularly reviewed[197]. - The remuneration of Directors and the five highest-paid employees is detailed in note 14 to the Financial Statements[198].