百奥家庭互动(02100) - 2023 - 年度业绩

Financial Performance - Revenue for the year ended December 31, 2023, was RMB 782,764 thousand, a decrease of 16.6% compared to RMB 938,759 thousand in 2022[10] - Gross profit for the same period was RMB 318,054 thousand, down 11.8% from RMB 360,628 thousand in the previous year[10] - Operating loss (non-IFRS measure) increased to RMB 55,126 thousand from RMB 37,082 thousand, representing a 48.7% increase in losses[10] - Adjusted net loss for the year was RMB 10,081 thousand, a significant decline of 116.3% compared to a profit of RMB 61,744 thousand in 2022[10] - Adjusted EBITDA for the year was RMB (12,279) thousand, down 132.8% from RMB 37,485 thousand in the previous year[10] - The company reported a loss of RMB 31.4 million for the year ended December 31, 2023, compared to a profit of RMB 10.3 million for the year ended December 31, 2022[60] - Basic and diluted loss per share for 2023 was RMB 0.0117, compared to earnings of RMB 0.0039 in 2022[82] - The net loss attributable to shareholders was RMB 31,478,000, compared to a profit of RMB 10,167,000 in the previous year[82] Assets and Equity - Total assets as of December 31, 2023, were RMB 1,920,099 thousand, a decrease from RMB 2,056,267 thousand in 2022[13] - Total equity decreased to RMB 1,651,035 thousand from RMB 1,698,084 thousand year-over-year[13] - Cash and cash equivalents (excluding bank overdrafts) were RMB 966,042,000, down from RMB 1,303,711,000 in 2022[85] - The company’s short-term deposits increased to RMB 261.8 million as of December 31, 2023, from RMB 110.0 million as of December 31, 2022[63] Revenue Sources and Market Performance - The online entertainment business revenue was RMB 782.5 million, down 16.6% from RMB 937.8 million, primarily due to the natural decline of older games and no new game launches during the year[36] - The contribution of major virtual worlds to total revenue was 82.6% in 2023, compared to 76.5% in 2022, indicating an increase in reliance on key products[113] - The top revenue-generating game, "Aobi Island Mobile," accounted for 35.9% of total revenue in 2023, down from 40.3% in 2022[114] - The average quarterly active accounts for the online virtual world decreased to approximately 7.3 million, a decline of about 27.7% compared to the previous year[23] - The average quarterly paying accounts were approximately 1.1 million, down about 31.3% year-over-year[29] - The average revenue per paying account increased to RMB 176.1, reflecting a growth of approximately 15.9% year-over-year[24] Expenses and Cost Management - The cost of sales for the year ended December 31, 2023, was RMB 464.7 million, a decrease of 19.6% from RMB 578.1 million for the previous year[37] - Employee costs for the year ended December 31, 2023, were approximately RMB 359.4 million, accounting for 45.9% of the revenue, compared to RMB 392.6 million and 41.8% of revenue for the year ended December 31, 2022[76] - Total administrative and R&D expenses amounted to RMB 835,762,000 in 2023, compared to RMB 979,876,000 in 2022, showing a reduction of approximately 14.7%[111] - Research and development expenses increased by 0.5% to RMB 231.1 million for the year ended December 31, 2023, compared to RMB 230.0 million for the previous year[43] Taxation and Financial Position - The income tax expense for the year ended December 31, 2023, was RMB 8.0 million, compared to an income tax benefit of RMB 7.7 million for the previous year[52] - The company benefited from a 15% preferential income tax rate as a "High-tech Enterprise" for the year ended December 31, 2023[125] - The company recognized deferred tax assets related to unutilized tax losses amounting to RMB 368,842 thousand as of December 31, 2023, up from RMB 161,433 thousand in 2022[122] Dividends and Shareholder Information - The company declared a special dividend of HKD 0.015 per share for the year ending December 31, 2022, which was paid on July 20, 2023[79] - The board proposed a special dividend of HKD 0.012 per share for the year ending December 31, 2023, pending shareholder approval on June 26, 2024[79] - Dividends paid for the year 2023 were RMB 36,968,000, compared to RMB 45,087,000 in 2022, a decrease of about 18.1%[148] Future Outlook and Strategic Initiatives - The company plans to enhance its game development capabilities by exploring AIGC technology to meet diverse user needs more efficiently[21] - The company aims to continue enriching its product matrix by integrating Chinese cultural elements into its games for a global audience[22] - The company has no significant future plans for major investments or acquisitions as of December 31, 2023, but will continue to seek new business development opportunities[74]