新娱科控股(06933) - 2023 - 中期财报

Financial Performance - The company's revenue for the six months ended June 30, 2023, was approximately RMB 868,000, a decrease of 94.5% compared to RMB 10,155,000 for the same period in 2022[5]. - Gross profit increased by 70.1% to approximately RMB 597,000 during the same period[6]. - The net loss for the period was approximately RMB 14,201,000, a reduction of 26.7% from RMB 19,913,000 in the previous year[7]. - Revenue from mobile game development and sales was RMB 783,000, with no revenue from proprietary game releases or third-party game publishing during the period[14][15][16]. - The blockchain technology business generated revenue of approximately RMB 85,000, down from RMB 778,000 in the same period last year[17]. - The group reported a loss of approximately RMB 14,201,000 for the period, a decrease from RMB 19,913,000 in the same period last year, attributed to a larger decline in sales costs compared to revenue, leading to an increase in gross profit[26]. - The group’s basic and diluted loss per share for the period was RMB 3.34, compared to RMB 4.97 in the previous year[41]. - The company reported a loss before tax of RMB 15,358,000 for the six months ended June 30, 2023, compared to a loss of RMB 19,889,000 for the same period in 2022, showing an improvement in financial performance[75]. Expenses and Costs - Administrative expenses were approximately RMB 9,406,000, a decrease from RMB 12,855,000 in the previous year, primarily due to reduced employee costs[18]. - Research and development expenses for the period were RMB 549,000, a substantial decrease from RMB 6,345,000 in the previous year, reflecting a strategic reduction in R&D spending[75]. - The total remuneration for directors and key management personnel was RMB 717,000, a decrease of 15.7% from RMB 851,000 in the same period of 2022[97]. - The total short-term employee benefits for the period were RMB 507,000, down 26.4% from RMB 689,000 in the previous year[97]. Assets and Liabilities - As of June 30, 2023, the group’s debt-to-equity ratio was 12.2%, significantly improved from 68.6% as of December 31, 2022[28]. - The group’s net current assets were approximately RMB 172,375,000 as of June 30, 2023, down from RMB 183,768,000 as of December 31, 2022[30]. - The group’s cash and cash equivalents were approximately RMB 80,251,000 as of June 30, 2023, compared to RMB 94,579,000 as of December 31, 2022[30]. - The total assets minus current liabilities amounted to RMB 190,449,000, a decrease from RMB 198,587,000 as of December 31, 2022, reflecting a decline of approximately 0.7%[43]. - The total equity as of June 30, 2023, was RMB 190,449,000, down from RMB 198,572,000 at the end of 2022, indicating a decrease of about 4.3%[44]. - The group’s total liabilities decreased significantly from RMB 145,062,000 as of December 31, 2022, to RMB 27,450,000 as of June 30, 2023, indicating a reduction of approximately 81.1%[43]. Revenue Sources - Revenue from mobile games was RMB 783,000, while blockchain technology services generated RMB 85,000, indicating a significant shift in revenue sources[73]. - The company experienced a significant reduction in revenue from self-developed mobile games and third-party mobile games due to pending approvals from the National Press and Publication Administration of China[50]. Corporate Governance and Compliance - The company has strengthened internal controls in response to recent violations of listing rules, with any acquisition or sale proposals requiring prior assessment by the audit committee starting from June 2023[125]. - The audit committee, consisting of three independent non-executive directors, is responsible for ensuring effective internal control and risk management frameworks[126]. - The company has adopted the corporate governance code principles as per the listing rules for the six months ending June 30, 2023[124]. - No directors or major shareholders have reported any business interests that compete with the company's operations as of June 30, 2023[123]. - The company is committed to maintaining reliable financial data and effective internal controls as part of its governance practices[126]. Share Incentive Plan - The company has adopted a share option scheme to reward eligible participants for their contributions to the group[112]. - The maximum number of shares that can be issued under the share option plan is capped at 10% of the shares issued on the listing date, which amounts to 40,000,000 shares[113]. - The share incentive plan allows for a maximum of 10% of the total issued shares to be used for share purchases, excluding shares to be subscribed[117]. - The share incentive plan has a term of 10 years from the adoption date, which is April 15, 2021, but can be terminated early at the board's discretion[117]. - The board approved the granting of reward shares to directors, pending shareholder approval[118]. - The company aims to retain and attract qualified participants through the share incentive plan to support its growth and development[116]. Future Outlook - Future focus will be on developing high-growth potential businesses and enhancing game development and publishing capabilities[10]. - The company plans to strengthen relationships with existing customers and develop new customer relationships to drive business growth[10]. - The group anticipates short-term uncertainty in the industry due to extended pre-approval processes by the National Press and Publication Administration, but remains confident in its financial foundation to navigate the evolving gaming industry[39]. Miscellaneous - The company did not recommend any interim dividend for the period[27]. - The company did not engage in any purchase, sale, or redemption of its listed securities during the reporting period[100]. - The company did not report any new product or technology developments, market expansions, or acquisitions during the reporting period[98].