禅游科技(02660) - 2023 - 年度业绩

Financial Performance - The company's revenue for the year ended December 31, 2023, was RMB 2,059,383,000, representing a year-on-year increase of 16.5% from RMB 1,767,456,000 in 2022[2] - Gross profit for the same period was RMB 1,231,358,000, with a gross margin of 59.8%, down from 64.4% in the previous year[2] - The company's net profit for the year was RMB 725,919,000, a 6.7% increase from RMB 680,256,000 in 2022[2] - Total revenue for the year ended December 31, 2023, was approximately RMB 2.1 billion, an increase of about 16.5% from approximately RMB 1.8 billion for the year ended December 31, 2022[12] - The net profit for the year ended December 31, 2023, was approximately RMB 725.9 million, a 6.7% increase from RMB 680.3 million in the previous year[23] - Basic earnings per share for 2023 was RMB 72.38, compared to RMB 68.40 in 2022, reflecting a growth in profitability[28] - The adjusted net profit, excluding share-based compensation, was approximately RMB 742.2 million, up 6.8% from approximately RMB 695.0 million in the previous year[24] User Engagement - The number of monthly active users decreased to 25,065,000 from 35,967,000, while daily active users fell to 4,347,000 from 5,810,000[6] - The average revenue per paying user (ARPPU) for virtual items increased significantly from RMB 133 to RMB 304, indicating improved user monetization[6] - The flagship product, "Finger Sichuan Mahjong," remained popular, consistently ranking in the top five of the iOS best-selling games in China[6] - The company has 53 self-developed games and 7 third-party games as of December 31, 2023, with 45 being board games and 15 other casual games[6] Revenue Sources - Revenue from the sale of virtual items reached approximately RMB 1,960,000,000, up 27.3% from RMB 1,540,000,000 in the previous year[7] - Revenue from self-developed games reached RMB 1,950,257 thousand, up 27.5% from RMB 1,531,283 thousand in the previous year[44] - The revenue from in-game information services decreased by 57.1% to approximately RMB 96.9 million, down from approximately RMB 225.6 million in the previous year[12] - The group’s total revenue from in-game information services decreased to RMB 96,882 thousand from RMB 225,609 thousand in 2022, a decline of 57.0%[44] Expenses and Costs - Total sales costs rose by approximately 31.5% to RMB 828.0 million, primarily due to increased channel costs from higher virtual goods sales[13] - Administrative expenses increased by 17.8% to approximately RMB 103.6 million, mainly due to higher office rental and personnel costs[18] - Research and development expenses rose by 11.8% to approximately RMB 140.5 million, attributed to an increase in the number of R&D personnel and their salaries[19] - The total cost of employee benefits, excluding directors and senior management, was RMB 185,997 thousand, compared to RMB 167,876 thousand in 2022, representing an increase of 10.8%[48] - Total employee compensation expenses for the year ended December 31, 2023, were approximately RMB 255.8 million, a 5.4% increase from RMB 242.7 million in 2022[73] Financial Health - As of December 31, 2023, the company's cash and bank balances increased to approximately RMB 1.9 billion from about RMB 1.1 billion at the end of 2022[24] - As of December 31, 2023, the company had no borrowings, compared to RMB 13.5 million in 2022, resulting in a debt-to-equity ratio of 0% in 2023, down from 0.8% in 2022[25] - The company's total equity increased to RMB 2,319,974 thousand in 2023 from RMB 1,765,760 thousand in 2022, reflecting strong financial health[32] - The total assets less current liabilities amounted to RMB 2,350,366 thousand in 2023, compared to RMB 1,787,959 thousand in 2022[31] Investments and Future Plans - The company plans to focus on enhancing R&D capabilities and product quality, while also increasing investment in overseas markets in 2024[9] - The company is actively pursuing suitable investment opportunities to enhance synergies with invested enterprises[9] - The company has no major investment or capital asset plans for the future, indicating a conservative approach to capital allocation[26] Governance and Compliance - The audit committee confirmed compliance with applicable accounting principles and standards for the year ended December 31, 2023[79] - The group has adopted new and revised Hong Kong Financial Reporting Standards for the current financial year, with no significant impact on the financial statements[38] - The group will apply the revised Hong Kong Financial Reporting Standards once they become effective, with no immediate impact anticipated[40] - The company operates under the Hong Kong Financial Reporting Standards[84] Shareholder Information - Proposed final dividend per share for 2023 is HKD 0.23, an increase from HKD 0.21 in 2022, reflecting a growth of 9.5%[51] - The proposed final dividend for the year ended December 31, 2023, is HKD 0.23 per share, up from HKD 0.21 per share in 2022, totaling approximately HKD 237.0 million[74] - The number of issued and fully paid ordinary shares increased to 1,030,604,937 as of December 31, 2023, from 1,027,731,687 in 2022[71] Employee Relations - The company has maintained a good working relationship with employees, with no significant labor disputes reported during the year[73] - The company had approximately 537 employees as of December 31, 2023, an increase from 524 employees in 2022, reflecting a growth of 2.5%[73]