新娱科控股(06933) - 2023 - 年度业绩

Financial Performance - Total revenue for the year ended December 31, 2023, was RMB 8,998,000, a decrease of 26.5% from RMB 12,302,000 in 2022[3]. - Gross loss for the year was RMB 14,374,000, compared to a gross loss of RMB 3,714,000 in the previous year, indicating a significant increase in losses[3]. - The company reported a net loss of RMB 104,611,000 for the year, compared to a net loss of RMB 98,959,000 in 2022, representing a 5.6% increase in losses[3]. - Basic and diluted loss per share was RMB 25.75, compared to RMB 24.37 in the previous year, indicating a worsening of per-share losses[6]. - The company recorded a loss attributable to owners of the company of approximately RMB 103,378,000 for the year, compared to a loss of approximately RMB 97,525,000 for the previous year[48]. - The company did not declare or recommend any dividends for the year ended December 31, 2023, consistent with 2022[39]. - The income tax expense for the year was approximately RMB 2,535,000, compared to an income tax credit of approximately RMB 8,768,000 for the year ended December 31, 2022[64]. Revenue Breakdown - Revenue from mobile game business in China was RMB 8,911,000, while blockchain technology business contributed RMB 87,000[31]. - The company provided distribution services for 14 third-party games during the year, contributing approximately RMB 8,015,000 in revenue, down from RMB 10,750,000 in the previous year[53]. - The blockchain technology business generated approximately RMB 87,000 in revenue, significantly down from RMB 1,552,000 in the previous year[54]. - Other income increased to RMB 3,467,000 from RMB 583,000, reflecting a growth of 495.5%[3]. Expenses and Liabilities - Administrative expenses rose to RMB 28,273,000 from RMB 22,073,000, an increase of 28.1%[3]. - Total operating expenses increased to RMB 13,698,000 in 2023 from RMB 12,231,000 in 2022, primarily due to higher employee costs[38]. - Research and development expenses rose to RMB 14,416,000 in 2023 from RMB 12,580,000 in 2022, reflecting ongoing investment in new technologies[38]. - The company confirmed impairment losses of approximately RMB 34,070,000 under the expected credit loss model and RMB 12,546,000 for intangible assets during the year[48]. Assets and Financial Position - Total assets decreased to RMB 120,344,000 from RMB 328,830,000, a decline of 63.4%[8]. - Cash and cash equivalents decreased to RMB 79,569,000 from RMB 94,579,000, a decline of 16%[8]. - The net amount of trade and other receivables decreased to RMB 32,634,000 in 2023 from RMB 107,683,000 in 2022[13]. - As of December 31, 2023, the net current assets were approximately RMB 86,647,000, down from RMB 183,768,000 as of December 31, 2022, with cash and cash equivalents at approximately RMB 79,569,000 compared to RMB 94,579,000 in the previous year[66]. - The debt-to-equity ratio as of December 31, 2023, was approximately 32.2%, a significant decrease from 73.1% as of December 31, 2022[66]. - The company had no bank borrowings as of December 31, 2023, compared to bank borrowings of approximately RMB 47,748,000 as of December 31, 2022[66]. Accounting Standards and Compliance - The group has applied the revised Hong Kong Accounting Standard No. 12 for the first time, which requires immediate and retrospective application of deferred tax assets and liabilities related to the OECD's Pillar Two rules[18]. - The group has also implemented the revised Hong Kong Accounting Standard No. 1, changing the terminology from "major accounting policies" to "significant accounting policy information," which does not significantly impact the group's financial position and performance[20]. - The group has not early adopted any of the published but not yet effective Hong Kong Financial Reporting Standards revisions, which are expected to have no significant impact on the consolidated financial statements in the foreseeable future[25]. - The audited financial statements for the year ended December 31, 2023, have been reviewed by the audit committee, confirming compliance with applicable accounting standards and regulations[89]. - The auditor, Huaron (Hong Kong) CPA Limited, verified that the financial figures in the announcement are consistent with the group's consolidated financial statements for the year ended December 31, 2023[89]. Future Outlook - The company expects to obtain new game licenses in the future, having submitted applications for two game titles to the National Press and Publication Administration[49]. - The group is affected by the removal of the offset mechanism for long service payments, which will officially take effect on May 1, 2025, requiring adjustments in accounting for long service liabilities[22]. - The group has adopted guidance from the Hong Kong Institute of Certified Public Accountants regarding the accounting implications of the removal of the offset mechanism, ensuring more reliable information on long service payment liabilities[23].