蓝港互动(08267) - 2023 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2023 reached RMB 87,729,000, a significant increase of 478% compared to RMB 15,160,000 in Q1 2022[6] - Gross profit for the quarter was RMB 19,607,000, up from RMB 3,829,000 in the same period last year, reflecting a substantial improvement in profitability[6] - Operating profit for Q1 2023 was RMB 5,526,000, compared to an operating loss of RMB 11,418,000 in Q1 2022[6] - The net profit for the quarter was RMB 5,247,000, a turnaround from a net loss of RMB 13,478,000 in the previous year[6] - Basic and diluted earnings per share for Q1 2023 were both RMB 0.02, compared to a loss of RMB 0.04 per share in Q1 2022[7] - The company reported a total comprehensive income of RMB 2,345,000 for the quarter, compared to a comprehensive loss of RMB 14,277,000 in the same period last year[6] - The company achieved a net profit attributable to owners of RMB 5,247,000 for the first quarter of 2023, a significant improvement from a loss of RMB 13,152,000 in the same period of 2022[24] - The adjusted profit for the three months ended March 31, 2023, was approximately RMB 6.8 million, compared to an adjusted loss of approximately RMB 13.2 million for the same period in 2022[49] Revenue Segmentation - Revenue from the gaming segment was RMB 36.242 million, up from RMB 14.737 million in the same period last year, marking a growth of 146%[18] - The film and television segment generated RMB 51.487 million in revenue, compared to RMB 423 thousand in Q1 2022, indicating a substantial increase[18] - Revenue from customers in China accounted for RMB 72.765 million, a significant rise from RMB 7.874 million in Q1 2022, reflecting an increase of 921%[19] - Revenue from South Korea decreased to RMB 4.742 million from RMB 6.798 million year-over-year[19] - Game business revenue contributed approximately RMB 36.2 million, a year-on-year increase of about 145.9% or RMB 21.5 million, due to the exclusive global release of "Ys: The Oath in Felghana" by Bilibili[39] - Revenue from the film and television business reached approximately RMB 51.5 million, a significant increase of about 12,071.6% compared to approximately RMB 0.4 million in the same period last year, attributed to the recognition of income from "More Than Just Likes"[40] Cost Management and Expenses - Research and development expenses decreased to RMB 5,142,000 from RMB 5,999,000 year-over-year, indicating a focus on cost management[6] - The total operating expenses, including sales and marketing, administrative, and R&D, were RMB 15,169,000, compared to RMB 22,049,000 in the previous year, reflecting improved operational efficiency[6] - Sales and marketing expenses decreased by approximately 57.1% to about RMB 1.2 million in Q1 2023, down from approximately RMB 2.8 million in Q1 2022[44] - Administrative expenses for the three months ended March 31, 2023, were approximately RMB 8.8 million, an increase of about 6.0% compared to RMB 8.3 million for the same period in 2022[45] - Research and development expenses for the three months ended March 31, 2023, were approximately RMB 5.1 million, a decrease of about 15.0% from RMB 6.0 million for the same period in 2022[46] Market Expansion and Product Development - The company aims to continue expanding its market presence and developing new products and technologies in the upcoming quarters[5] - The company has initiated multiple product tests, including titles such as "The Legend of Zhen Huan: Floating Life Dream" and "Wild Era," with plans for official launches in Q2 and Q3 of 2023[28][30] - The company is focusing on expanding its overseas market presence, particularly in Thailand, with the MMORPG "Wild Era" expected to launch in Q2 2023[29] - The company has entered a global publishing strategic partnership with Bilibili for the mobile game "Ys: Dream Intertwined Night," enhancing its global market promotion efforts[31] - The company is committed to enhancing its game publishing strategy, particularly in the female-oriented and casual gaming segments[28] - The company is actively exploring WEB3 technologies and integrating advanced technologies like ChatGPT and AIGC into game development and marketing[28] - The company is focusing on developing a product matrix in the youth romance genre, with new series set to launch in Q2 and Q3 2023[32] Shareholder Information and Equity - As of March 31, 2023, total equity stood at RMB 264.778 million, an increase from RMB 262.406 million at the beginning of the year[18] - The company holds a 21.53% equity interest in the company, with Mr. Wang Feng owning 66,576,160 shares[65] - Major shareholder Zhu Li holds 79,216,540 shares, representing approximately 21.53% of the company's equity[70] - Wangfeng Management Limited, as a beneficial owner, holds 66,576,160 shares, accounting for 18.09% of the company's equity[70] - Jin Jiawei, as a beneficial owner, possesses 52,318,760 shares, which is 14.22% of the company's equity[70] - Other significant shareholders include Huiju Trust Limited and TCT (BVI) Limited, each holding 34,869,317 shares, representing 9.48% of the company's equity[71] - IDG-Accel China Growth Fund L.P. holds 23,061,443 shares, which is 6.27% of the company's equity[73] Corporate Governance and Compliance - The company has complied with the corporate governance code as per GEM Listing Rules, except for the dual role of the chairman and CEO[83] - The audit committee, established on April 24, 2014, is responsible for reviewing financial data and internal control procedures[84] - The company has maintained compliance with the GEM Listing Rules regarding the composition of the audit committee[85] Stock Options and Restricted Share Units - The company has adopted a share option scheme to encourage contributions from eligible individuals, aligning their interests with the company's[75] - As of March 31, 2023, the company has granted stock options totaling 1,100,000 shares with an exercise price of HKD 0.784, and 275,000 shares remain unexercised[76] - The company has a total of 367,974,964 shares issued as of March 31, 2023[67] - As of March 31, 2023, the company has granted a total of 16,922,420 restricted share units, with 16,741,795 units vested[80] - No restricted share units were granted during the three months ending March 31, 2023, and 10,000 units expired[80]