飞鱼科技(01022) - 2022 - 中期财报

Financial Performance - The total revenue for the first half of 2022 was approximately RMB 743.43 million, representing a year-on-year increase of 43.9%[13] - Gross profit for the same period was RMB 572.06 million, reflecting a growth of 58.2% compared to the previous year[13] - The company reported a pre-tax loss of RMB 69.47 million, which is a 15.4% increase from the previous year's loss of RMB 60.20 million[13] - The loss attributable to equity holders of the parent company slightly decreased by 1.6% to RMB 95.20 million from RMB 96.77 million in the same period last year[13] - Game operation revenue for the first half of 2022 was approximately RMB 58.9 million, a 77.9% increase from RMB 33.1 million in the same period of 2021[26] - The company reported a net loss of RMB 7.8 million for the six months ended June 30, 2022, a slight improvement from a loss of RMB 8.5 million in the same period of 2021[37] - Other income and gains decreased by approximately 23.8% from RMB 15.1 million to RMB 11.5 million for the six months ended June 30, 2022, primarily due to a drop in investment income from RMB 7.9 million to RMB 3.6 million[46] Assets and Liabilities - As of June 30, 2022, total assets amounted to RMB 633.79 million, down 5.2% from RMB 668.50 million at the end of 2021[14] - Total equity was RMB 483.14 million, a decrease of 2.2% from RMB 493.91 million at the end of the previous year[14] - The company experienced a 28.9% decrease in current liabilities, which stood at RMB 63.16 million compared to RMB 88.80 million previously[14] - Cash and cash equivalents totaled approximately RMB 107.8 million as of June 30, 2022, down from RMB 126.3 million as of December 31, 2021, mainly due to cash used in operating activities[61] - The total bank loans amounted to approximately RMB 75.0 million, a decrease from RMB 80.0 million as of December 31, 2021, with RMB 10.0 million due within one year[63] - The company has lease liabilities of approximately RMB 7.1 million, up from RMB 2.0 million as of December 31, 2021[63] Game Development and Launches - The company attributed its stable financial performance to a diversified game portfolio and the successful launch of new games during the reporting period[16] - The company launched three new games in the first half of 2022: "Mushroom Wars 2," "Duoqi," and "Defend the Carrot 4" [17] - "Duoqi" achieved over 1 million users and RMB 10 million in recharge consumption within its first week of launch [17] - "Defend the Carrot 4" had over 600 million registered users as of June 30, 2022, and became a trending topic on social media upon release [18] - The average Monthly Active Users (MPU) for mobile RPG games rose significantly from approximately 23,000 to 146,000, primarily due to the launch of "斗詭" in May 2022[32] - The Average Revenue Per Paying User (ARPPU) for mobile RPG games decreased by 53.6% from RMB 91.6 to RMB 42.5, attributed to the early lifecycle stage of "斗詭" which resulted in lower ARPPU[35] Marketing and Licensing - The company signed 6 new licensing agreements in the first half of 2022 to expand its intellectual property licensing efforts [18] - The company aims to increase the number of licensed products featuring "Defend the Carrot 4" elements, focusing on fast-moving consumer goods, stationery, and apparel [21] - The company continues to collaborate with existing licensing partners to develop new products, launching 15 new licensed physical products during the reporting period [20] Research and Development - Research and development costs rose by 17.6% to RMB 36.9 million, reflecting the company's ongoing investment in new game development[37] - The company plans to continue launching various in-game promotions and updates to enhance user engagement and retention[35] Corporate Governance and Structure - The company is committed to maintaining high standards of corporate governance to protect shareholder interests and enhance corporate value and accountability[194] - The board consists of seven members, including four executive directors and three independent non-executive directors, ensuring a balance of experience and qualifications[198] - The company has adopted a post-IPO share option scheme and restricted share unit plan as part of its long-term incentive program[137] Shareholder Information - The total number of shares issued as of June 30, 2022, was 1,718,826,062[147] - The family trusts mentioned hold significant equity stakes in the company, with Honour Gate Limited owning 161,538,000 shares[143] - The company has maintained sufficient public float as per the listing rules as of the report date[192]