联众(06899) - 2022 - 中期财报

Business Growth and Strategy - The Company reported steady growth in its existing business in China, particularly in the "game hall" sector, while also exploring new areas such as mobile gaming and MCN broadcasting [6]. - The PC game revenue showed sustainable growth in the first half of 2022, driven by enhanced user experience and marketing efforts aimed at attracting new users [7]. - The collaboration with iQIYI for the web game "All City Fight Landlord" has progressed, providing hundreds of millions of users with diverse entertainment experiences across multiple platforms [10]. - Allied Esports produced 183 events in the first half of 2022, including 133 proprietary events and 50 third-party productions, highlighting its operational capabilities in the esports sector [15]. - The live broadcast business has established partnerships with platforms like Kuaishou and Douyin, enhancing the promotion of card and board games [11]. - The Company is focused on expanding its card and board games ecosystem, aiming to strengthen its position in the global sports and entertainment markets [17]. - The Company aims to cultivate the traditional card and board games market while exploring new opportunities in puzzle games [10]. - The launch of the Web3 strategy and NFT collection by Allied Esports marks a significant step towards innovation in the esports content business [15]. - The Company plans to continue enhancing its marketing strategies and expanding cooperation channels to attract new users on the PC platform [7]. Financial Performance - For the six months ended June 30, 2022, the loss attributable to equity holders of the Company was RMB 25.6 million, compared to a loss of RMB 7.8 million for the same period in 2021 [22]. - Revenue from continuing operations for the six months ended June 30, 2022, was RMB 72.7 million, an increase of RMB 14.1 million or 24.1% compared to RMB 58.6 million for the same period in 2021 [23]. - The gross profit margin from continuing operations increased from 41.3% for the six months ended June 30, 2021, to 51.1% for the six months ended June 30, 2022 [24]. - Other income from continuing operations for the six months ended June 30, 2022, was RMB 4.9 million, an increase of RMB 3.3 million or 206.3% compared to RMB 1.6 million for the same period in 2021 [29]. - Selling and marketing expenses from continuing operations for the six months ended June 30, 2022, were RMB 14.5 million, an increase of RMB 7.2 million or 98.6% compared to RMB 7.3 million for the same period in 2021 [30]. - Administrative expenses from continuing operations for the six months ended June 30, 2022, were RMB 67.9 million, an increase of RMB 1.0 million or 1.5% compared to RMB 66.9 million for the same period in 2021 [31]. - Research and development expenses from continuing operations for the six months ended June 30, 2022, were RMB 8.5 million, a decrease of RMB 3.1 million or 26.7% compared to RMB 11.6 million for the same period in 2021 [32]. - The Group reported a loss attributable to equity holders of RMB 25.6 million for the six months ended June 30, 2022, compared to a loss of RMB 7.8 million in the same period of 2021 [46]. - The total comprehensive loss for the period was RMB 14,432,000, significantly improved from a loss of RMB 36,165,000 in the same period last year [153]. Assets and Liabilities - As of June 30, 2022, the Group's current assets amounted to RMB 703.1 million, with current liabilities of RMB 67.6 million, resulting in a current ratio of 10.4 [49]. - The Group's total bank balances and cash decreased by 0.5% from RMB 609.1 million as of December 31, 2021, to RMB 605.8 million as of June 30, 2022 [49]. - The Group's financial assets at fair value through profit or loss were RMB 46.3 million as of June 30, 2022, down from RMB 56.2 million as of December 31, 2021 [53]. - The Group had no borrowings as of June 30, 2022, maintaining a gearing ratio of nil [49]. - The Group's investments in unlisted equity investments amounted to RMB 46.3 million, primarily in startups engaged in games or mind sports related technological research and development [54]. - The Group's total equity attributable to equity holders of the Company was RMB 281,634,000, up from RMB 279,591,000, representing an increase of approximately 0.7% [163]. - The company reported a deferred revenue of RMB 18,965,000, which increased from RMB 16,571,000, marking a growth of about 14.5% [161]. - Current liabilities decreased from RMB 72,307,000 to RMB 67,577,000, showing a reduction of approximately 6.4% [161]. Shareholder Information - Choi Shun Investment Limited holds 261,782,242 shares, representing 24.29% of the company's interests [82]. - Irena Group Co., Ltd. has an interest of 291,919,848 shares, accounting for 27.08% of the company's interests [82]. - Mr. Yang holds 36,531,064 shares, which is 3.39% of the company's interests, and has an interest in a controlled corporation with 221,653,555 shares, representing 20.57% [82]. - The total number of shares issued as of the interim report date is 1,077,799,887 [77]. - No interim dividend was declared for the six months ended June 30, 2022 [75]. - The report highlights the interests of substantial shareholders and their respective percentages in the company [81]. Corporate Governance and Compliance - The Company has adopted stringent corporate governance policies to enhance transparency and accountability to shareholders [118]. - The Company has established an Audit Committee to supervise internal control and financial reporting processes [126]. - The audit committee has reviewed the unaudited interim results for the six months ended June 30, 2022 [130]. - The Company provided loans totaling HK$62,484,799 to Fast Express Trading Limited, which were not repaid as scheduled [128]. - The company has filed a report with the police regarding potential wrongdoing related to the Merit Horizon loan, and an investigation is currently underway [135]. Legal and Regulatory Matters - A civil complaint was filed against Merit Horizon Limited and Ms. Fu Qiang for breach of a loan agreement on January 10, 2022 [129]. - The arbitration initiated by the Board and Card Games Administrative Center against Beijing Lianzhong and Tianjin Zhongqi is still in progress, with no arbitral award made [140]. - The company reported that the aggregate amount claimed in arbitration against Beijing Lianzhong and Tianjin Zhongqi is approximately RMB 90 million [137]. - The company has not declared any interim dividends for the previous period ending June 30, 2021 [75]. Employee and Share Option Schemes - The total remuneration expenses for the six months ended 30 June 2022 were RMB 43.0 million, representing an increase of 18.3% compared to the same period in 2021 [69]. - The Management Pre-IPO Share Option Scheme aims to motivate key participants for long-term growth and profitability [99]. - The Company aims to enhance the value of its shares for the benefit of shareholders through the Share Option Scheme [109]. - The total number of options granted during the period is not specified, but the outstanding options as of June 30, 2022, remain unchanged from January 1, 2022 [110].