Financial Performance - For the six months ended June 30, 2022, CMON Limited reported revenue of $15,192,007, a slight increase of 0.54% compared to $15,111,314 for the same period in 2021[9]. - Gross profit for the same period was $6,871,848, representing a gross margin of approximately 45.3%, up from $6,630,858 in 2021[9]. - Operating profit increased to $316,719, compared to $194,318 in the previous year, reflecting a growth of 63%[9]. - The net profit after tax for the period was $134,359, significantly higher than $35,721 in the prior year, marking an increase of 276%[9]. - Total revenue for the six months ended June 30, 2022, was $15,192,007, a slight increase from $15,111,314 in the same period of 2021, representing a growth of 0.54%[23]. - The company reported a net profit attributable to equity holders of $138,381 for the six months ended June 30, 2022, compared to $33,241 in the same period of 2021, an increase of 315%[31]. - The company reported a total comprehensive income of $138,381 for the period, compared to $33,241 in the same period last year, an increase of 316%[9]. Assets and Liabilities - Total assets as of June 30, 2022, amounted to $44,647,747, up from $36,603,681 at the end of 2021, indicating a growth of 22%[10]. - Cash and cash equivalents decreased to $2,934,961 from $3,090,120, a decline of 5%[10]. - The company’s total equity rose to $18,234,721, compared to $18,096,341 at the end of 2021, an increase of 0.76%[10]. - As of June 30, 2022, the company had a total of 114 games, including 108 board games, 3 model war games, 2 mobile games, and 1 computer game[47]. - As of June 30, 2022, the total bank borrowings of CMON Limited amounted to approximately $9.0 million, an increase from $8.3 million as of December 31, 2021[59]. - The asset-liability ratio was approximately 59.2% as of June 30, 2022, up from 50.6% as of December 31, 2021[69]. Cash Flow and Investments - Net cash generated from operating activities for the six months ended June 30, 2022, was $2,978,625, down from $5,984,241 in the prior year, a decrease of 50%[16]. - The company invested approximately $2.0 million in property, plant, and equipment during the six months ended June 30, 2022, compared to $2.5 million in the same period of 2021[35]. - The company incurred a total of $1,278,756 in game development expenses for the six months ended June 30, 2022, down from $1,308,534 in the previous year, a decrease of 2.3%[26]. - The company has no major investment plans but intends to acquire more quality games to increase market share[68]. - The company plans to use internal funds and external borrowings to support its expansion plans[68]. Revenue Breakdown - Revenue from North America decreased to $6,579,987 in 2022 from $8,625,784 in 2021, a decline of 23.7%[22]. - Revenue from Asia increased significantly to $3,220,675 in 2022 from $1,467,687 in 2021, representing a growth of 119%[22]. - Revenue for the six months ended June 30, 2022, was approximately $15.2 million, a slight increase of 0.5% from $15.1 million for the same period in 2021, primarily due to more Kickstarter revenue being recognized[50]. Shareholder Information - Major shareholders include Huang Cheng'an and Jianbang, each holding approximately 40.27% of the shares, totaling 727,198,463 shares[80]. - Cai Wanjian holds 18.18% of the shares, amounting to 328,249,232 shares, while David Preti holds 16.71%, equivalent to 301,692,691 shares[80]. - Quantum Asset and Magic Carpet collectively own 17.87% of the shares, totaling 322,669,232 shares[85]. - The company maintains compliance with the Securities and Futures Ordinance regarding the disclosure of interests and positions in its shares[82]. Stock Options and Dividends - The company did not declare any interim dividend for the six months ended June 30, 2022, consistent with the previous year[34]. - A total of 74,620,000 stock options were granted to certain directors and employees at an exercise price of HKD 0.232 per share[92]. - The maximum number of shares that may be issued under the stock option plan cannot exceed 180,600,000 shares, equivalent to 10% of the total issued shares as of the interim report date[91]. - No stock options were exercised, cancelled, or lapsed during the six months ended June 30, 2022[95]. - The stock option plan is valid for a period of ten years from the date of adoption, with approximately 4 years and 3 months remaining[93].
CMON(01792) - 2022 - 中期财报