蓝港互动(08267) - 2022 Q3 - 季度财报

Financial Performance - For the third quarter of 2022, Linekong Interactive Group reported revenue of RMB 37,928 thousand, a 85.5% increase compared to RMB 20,454 thousand in the same period of 2021[8] - The gross profit for the third quarter of 2022 was RMB 13,972 thousand, compared to RMB 4,705 thousand in the third quarter of 2021, reflecting a significant increase[8] - The operating loss for the third quarter of 2022 was RMB 11,318 thousand, slightly improved from an operating loss of RMB 12,329 thousand in the same quarter of 2021[8] - The net loss for the nine months ended September 30, 2022, was RMB 46,067 thousand, compared to a net loss of RMB 23,586 thousand for the same period in 2021, indicating a worsening financial performance[10] - The basic and diluted loss per share for the nine months ended September 30, 2022, was RMB 0.13, compared to RMB 0.06 for the same period in 2021[10] - Total comprehensive loss for the nine months ended September 30, 2022, was RMB 21,715 thousand, compared to RMB 24,362 thousand for the same period in 2021, showing a reduction in comprehensive losses[10] - For the nine months ended September 30, 2022, the total revenue was RMB 82,609 thousand, an increase of 19.6% compared to RMB 69,136 thousand for the same period in 2021[27] - The total comprehensive loss for the period was RMB 23,586 thousand, compared to RMB 22,424 thousand in the previous year, indicating a slight increase in losses[6] - For the three months ended September 30, 2022, the company reported a loss attributable to owners of RMB 12,162,000, compared to a loss of RMB 9,126,000 for the same period in 2021, representing a 33.5% increase in losses year-over-year[36] - For the nine months ended September 30, 2022, the loss attributable to owners was RMB 45,288,000, compared to RMB 22,424,000 in the same period of 2021, indicating a 101.5% increase in losses year-over-year[36] - The adjusted net loss for the nine months ended September 30, 2022, was approximately RMB 33.0 million, compared to RMB 18.7 million for the same period in 2021, reflecting an increase of 76.7%[71] - The total loss for the nine months ended September 30, 2022, was RMB 46.1 million, a significant increase of 95.3% from RMB 23.6 million for the same period in 2021[71] Revenue Breakdown - Linekong Interactive Group's total revenue for the nine months ended September 30, 2022, was RMB 82,609 thousand, up from RMB 69,136 thousand in the same period of 2021, reflecting overall growth[8] - The gaming segment generated revenue of RMB 51,892 thousand, down 4.5% from RMB 54,429 thousand in the previous year[27] - The film and television segment reported revenue of RMB 4,404 thousand, a significant decrease of 70% from RMB 14,707 thousand in the same period last year[27] - The other business segment, primarily involved in e-commerce food sales, achieved revenue of RMB 26,313 thousand, with no prior year comparison available[27] - Revenue from China was RMB 61,424 thousand, up 61% from RMB 38,160 thousand in the same period last year[27] - Revenue from South Korea decreased to RMB 20,210 thousand, down 25.2% from RMB 27,004 thousand in the previous year[27] Expenses and Investments - The company reported a significant increase in sales and marketing expenses, amounting to RMB 10,814 thousand for the third quarter of 2022, compared to RMB 8,100 thousand in the same quarter of 2021[8] - Research and development expenses for the third quarter of 2022 were RMB 5,953 thousand, compared to RMB 4,773 thousand in the same period of 2021, indicating continued investment in R&D[8] - The group's total cost for the nine months ended September 30, 2022, was approximately RMB 55.0 million, an increase of about 24.2% from approximately RMB 44.3 million in the previous year[59] - Administrative expenses for the nine months ended September 30, 2022, were approximately RMB 26.3 million, an increase of about 10.0% compared to RMB 23.9 million for the same period in 2021, primarily due to impairment of certain intangible assets[63] - Research and development expenses for the nine months ended September 30, 2022, were approximately RMB 18.3 million, an increase of about 27.1% from RMB 14.4 million for the same period in 2021, mainly due to increased investment in independent research and development[67] Shareholder Information - As of September 30, 2022, the company has issued a total of 367,974,964 shares[111] - Wangfeng Management Limited holds 66,576,160 shares, representing approximately 18.09% of the company's equity[103] - Zhu Li, spouse of Mr. Wang Feng, holds 79,216,540 shares, accounting for 21.53% of the company's equity[105] - Major shareholders include Fosun China Momentum Fund, holding 52,318,760 shares, which is approximately 14.22% of the company's equity[104] - IDG-Accel China Growth Fund GP holds 27,774,323 shares, representing 7.55% of the company's equity[114] - The company has a significant concentration of ownership, with the top three shareholders holding over 53% of the equity[104] Corporate Governance and Compliance - The company has complied with the GEM Listing Rules regarding corporate governance throughout the nine months ending September 30, 2022[132] - The Audit Committee was established on April 24, 2014, and is responsible for reviewing financial information and internal control procedures[133] - The Audit Committee's composition complies with GEM Listing Rules[134] Future Plans and Developments - The company is focusing on increasing investment in the development of mobile games and film and television products to enhance long-term growth potential[41] - The company plans to strengthen its overseas market exploration, particularly in regions such as South Korea, Japan, and North America[41] - The new version of "Naughty Heaven" is currently in tight development and is expected to launch in 2023, aiming to promote traditional Chinese culture through gameplay[43] - The MMORPG mobile game "Wild Era" is set to launch in Thailand in the first quarter of 2023, with a local distributor already signed[43] - The group plans to continue focusing on IP-driven, female-oriented, and casual games while actively expanding into overseas markets[48] Taxation and Financial Position - The company has not recognized any taxable profits in Hong Kong, thus no provision for Hong Kong profits tax has been made[31] - The effective tax rate for the company's business in China is estimated at 25%, with certain subsidiaries benefiting from reduced rates of 12.5% and 15%[34] - The company's debt ratio as of September 30, 2022, was approximately 26.9%, a decrease from 32.3% as of December 31, 2021, indicating improved financial stability[77] - The company has no bank loans as of September 30, 2022, compared to RMB 50.0 million in loans as of December 31, 2021, indicating a shift towards a debt-free status[77] IPO Proceeds Utilization - As of September 30, 2022, approximately HKD 8.9 million from the IPO proceeds remains unutilized[84] - The total amount utilized from the IPO proceeds is HKD 686.2 million, with HKD 664.6 million used as of December 31, 2021[83] - The company has allocated HKD 137.2 million for overseas expansion, which has been fully utilized[83] - HKD 59.7 million was allocated for potential strategic acquisitions or investments in companies engaged in online gaming, which has also been fully utilized[83] - The company has set aside HKD 20.7 million for reserves, with HKD 12.2 million utilized and HKD 8.5 million remaining[83] - HKD 34.3 million has been allocated for operational funds and other general corporate purposes, which has been fully utilized[83] - The company plans to utilize the remaining unutilized IPO proceeds by December 31, 2022, based on the progress of potential acquisition projects[84] - HKD 68.6 million has been allocated for the development and operation of high-quality games, which has been fully utilized[83] - The company has invested HKD 29.0 million in technology platforms, including the development and improvement of game development tools, which has been fully utilized[83] - The total amount of IPO proceeds utilized for building a pan-entertainment ecosystem is HKD 157.8 million, which has been fully utilized[83]