云游控股(00484) - 2023 - 中期财报

Financial Performance - The Group recorded total revenue of approximately RMB 23.4 million for the first half of 2023, representing a decrease of 32.3% compared to the same period last year[22]. - Gross profit for the period was RMB 6.46 million, an increase of 32.4% from RMB 4.88 million in the previous year[15]. - The Group reported a loss of RMB 3.28 million for the period, compared to a profit of RMB 10.63 million in the same period last year[15]. - The Group's EBITDA for the period was RMB 11.83 million, a decrease of 34.4% from RMB 18.02 million in the previous year[15]. - The Group reported a loss of RMB 3.3 million for the first half of 2023, compared to a profit of RMB 10.6 million in the same period of the previous year[44]. - Total comprehensive loss attributable to the owners of the Company for the period was RMB 29,545,000, compared to a comprehensive income of RMB 20,277,000 in the prior year[144]. - Basic and diluted loss per share was RMB (0.02), compared to earnings per share of RMB 0.07 for the same period in 2022[144]. Revenue Breakdown - Revenue from the game business decreased by approximately 21.0% to RMB 6.3 million, down from RMB 7.9 million in the first half of 2022[38]. - Revenue from the electronic device and semiconductor business decreased by approximately 35.7% to RMB 17.1 million, down from RMB 26.6 million in the same period of 2022[38]. - The Group's total revenue for the first half of 2023 was approximately RMB 23.4 million, a decrease of 32.3% compared to RMB 34.5 million in the same period of 2022[26][33]. Asset and Equity Changes - Non-current assets decreased by 5.3% to RMB 253.15 million as of June 30, 2023, from RMB 267.27 million at the end of 2022[20]. - Current assets decreased by 4.6% to RMB 435.56 million as of June 30, 2023, compared to RMB 456.75 million at the end of 2022[20]. - Total assets decreased by 4.9% to RMB 688.71 million as of June 30, 2023, from RMB 724.02 million at the end of 2022[20]. - Total equity decreased by 4.6% to RMB 613.66 million as of June 30, 2023, compared to RMB 643.21 million at the end of 2022[20]. - Net current assets decreased from RMB 378.4 million as of December 31, 2022, to RMB 362.9 million as of June 30, 2023, due to a decrease in working capital and an increase in investments[54]. Expenses and Cost Management - Cost of revenue decreased by approximately 43.0% to RMB 16.9 million from RMB 29.6 million year-on-year[35]. - Selling and marketing expenses decreased by approximately 33.9% to RMB 1.3 million from RMB 2.0 million in the previous year[36]. - Administrative expenses decreased by approximately 24.3% to RMB 13.9 million from RMB 18.4 million year-on-year[40]. - Research and development expenses rose significantly to RMB 21,916,000, an increase of 83.9% compared to RMB 11,906,000 in the previous year[142]. Cash Flow and Investments - Cash and cash equivalents dropped significantly from RMB 224,623,000 to RMB 146,367,000, a decrease of about 34.8%[149]. - Net cash generated from operating activities for the six months ended June 30, 2023, was RMB 1,065,000, compared to a net cash used of RMB 54,008,000 in the same period of 2022[153]. - Net cash used in investing activities increased to RMB 82,104,000 in the first half of 2023, compared to RMB 29,846,000 in the same period of 2022[153]. - The company reported an increase in interest received from debt investments at fair value through other comprehensive income to RMB 2,963,000, with no such income reported in the same period of 2022[153]. Strategic Initiatives and Future Outlook - The Group is actively exploring new game development and electronic trade products to seek breakthroughs in its business operations[23]. - In the second half of 2023, the Group aims to stabilize and increase game revenue through game upgrades and product potential stimulation[93]. - The Group will maintain healthy cash flow in its electronic device and semiconductor business while controlling budgets and managing costs[93]. - The Group is committed to sustainable development and will actively seek business upgrades and expansions to enhance management levels[94]. Risks and Challenges - The economic recovery remains uneven, with insufficient market demand posing challenges to the Group's business operations[22]. - The Group faces risks related to industry policies and regulatory changes that could impact the online game industry[91]. - The Group is exposed to exchange rate fluctuation risks due to operations involving USD settlements[91]. - The Group's gaming revenue may decline due to changing player preferences and increased competition in the market[92]. Shareholder Information - Managecorp Limited holds 29,437,335 shares, representing approximately 20.06% of the ordinary shares[112]. - Foga Group owns 21,673,338 shares, accounting for 14.77% of the ordinary shares[112]. - LIAO Dong has a beneficial ownership of 7,763,997 shares, which is about 5.29% of the ordinary shares[113]. - China Create Capital Limited holds 9,584,000 shares, representing 6.53% of the ordinary shares[117]. - Baseway Co Ltd owns 9,614,760 shares, accounting for 6.55% of the ordinary shares[117]. Corporate Governance - The Audit and Compliance Committee consists of three independent non-executive Directors, with Mr. Wong Chi Kin as the chairman, who holds the required professional qualifications[124]. - The Audit and Compliance Committee, along with the auditor, reviewed the Group's unaudited interim financial results for the six months ended June 30, 2023[125].