禅游科技(02660) - 2022 - 中期财报

Financial Performance - Revenue for the first half of 2022 reached RMB 619.8 million, a 39.5% increase from RMB 444.2 million in the same period of 2021[20] - Gross profit for the same period was RMB 399.6 million, reflecting a 39.4% increase from RMB 286.6 million year-on-year[20] - The net profit for the first half of 2022 was RMB 236.9 million, a 62.5% increase from RMB 145.7 million in the same period of 2021[20] - The company's total revenue for the six months ended June 30, 2022, was approximately RMB 619.8 million, an increase of about 39.5% from RMB 444.2 million for the same period in 2021[25] - The net profit for the six months ended June 30, 2022, rose to approximately RMB 236.9 million, reflecting a growth of about 62.5% from RMB 145.7 million in the same period of 2021[25] - Adjusted net profit (excluding share-based payments) increased to approximately RMB 238.5 million, up about 62.8% from RMB 146.4 million year-on-year[25] - Total comprehensive income for the period was RMB 239,049 thousand, compared to RMB 144,294 thousand in the previous year[80] - Basic and diluted earnings per share for the period were RMB 0.24, compared to RMB 0.14 in the same period of 2021[79] User Metrics - The number of cumulative registered players increased to 1,383,225, up from 1,203,373 in the previous year, representing a growth of approximately 14.9%[22] - Monthly active users decreased to 38,707 from 44,443, indicating a decline of about 13.0% year-on-year[22] - The average revenue per paying user (ARPPU) rose to RMB 82, an increase of 26.2% from RMB 65 in the same period of 2021[22] Revenue Sources - The revenue from virtual goods sales was approximately RMB 480.2 million, a significant increase of 112.0% compared to RMB 226.5 million in the previous year[24] - Revenue from self-developed games reached RMB 477,900 thousand, up from RMB 221,068 thousand in the previous year, indicating an increase of about 116%[96] - Revenue from third-party games decreased to RMB 2,333 thousand from RMB 5,447 thousand, reflecting a decline of approximately 57.3%[96] - Revenue from in-game information services decreased to approximately RMB 139.6 million, down about 35.9% from RMB 217.7 million in the previous year, primarily due to reduced income from card games[30] Game Development and Strategy - The flagship product "Finger Sichuan Mahjong" ranked first in the iOS best-selling chart for board games in China during the first half of 2022[24] - The company launched two new games targeting overseas markets in the first half of 2022, expanding its product offerings[24] - The company reduced its investment in hyper-casual games and delisted 15 games to focus on high-quality game development[23] - The company plans to focus on R&D investment, enhancing player experience, and exploring overseas gaming market opportunities in the second half of 2022[27] Expenses and Costs - The cost of sales for the six months ended June 30, 2022, was approximately RMB 220.1 million, an increase of about 39.7% from RMB 157.6 million in the same period of 2021[32] - Sales and distribution expenses rose by 69.8% to approximately RMB 82.3 million for the six months ended June 30, 2022, from RMB 48.4 million in 2021[36] - Research and development expenses increased by 32.7% to approximately RMB 50.0 million for the six months ended June 30, 2022, compared to RMB 37.7 million in 2021[38] Compliance and Governance - The company confirmed compliance with applicable accounting principles and standards for the six months ended June 30, 2022[52] - The board reviewed the overall compliance with the structural contracts and found that the group has adhered to all significant aspects[56] - The audit committee, consisting of three independent non-executive directors, confirmed the adequacy of disclosures in the interim results[52] Shareholder Information - As of June 30, 2022, the company had a total of 1,016,958,187 shares issued[61] - The company’s directors and senior management held significant equity interests, with Mr. Ye Sheng owning 22.78% of the company[61] - The company adopted a restricted share unit plan to incentivize directors, senior management, and employees, issuing a total of 62,561,080 shares under this plan[71] - The stock option plan was adopted on March 28, 2019, to provide eligible individuals with opportunities to acquire personal shares, enhancing their contributions to the group's performance and growth[72] Financial Position - Cash and bank balances increased slightly to approximately RMB 709.9 million as of June 30, 2022, from RMB 644.7 million as of December 31, 2021[45] - The current ratio improved to 8.1 as of June 30, 2022, compared to 6.0 as of December 31, 2021[45] - The company reported a foreign exchange gain of RMB 115 thousand for the period, compared to a loss of RMB 1,526 thousand in the previous year[80] - The company’s retained earnings as of June 30, 2022, stand at RMB 591,797,000[84] Investments and Acquisitions - The company had no significant investments or acquisitions planned as of June 30, 2022[47] - The company incurred a loss of RMB 9,231,000 from fair value gains for the first half of 2022, compared to a loss of RMB 5,017,000 in the previous year[86] Market and Regulatory Environment - The company is closely monitoring developments related to foreign investment laws and regulations, which have not impacted its business as of the report date[57] - The company expects to maintain its qualification as a "high-tech enterprise," which allows for a preferential tax rate of 15%[103]