网龙(00777) - 2023 - 年度业绩

Financial Performance - NetDragon Websoft Holdings Limited reported a revenue of RMB 3.8 billion for the year 2023, representing a year-on-year growth of 9.6% compared to a decline of 5.8% in 2022[3]. - Total revenue for the company was RMB 7.1 billion, a decrease of 9.7% year-over-year[11]. - The company's revenue for the year ended December 31, 2023, was RMB 7,101 million, a decrease of 9.7% compared to RMB 7,866 million in 2022[15]. - Gross profit for the same period was RMB 4,398 million, reflecting a slight increase of 1.9% from RMB 4,315 million in the previous year[15]. - Operating profit decreased to RMB 821 million, down 28.6% from RMB 1,150 million in 2022[15]. - The net profit for the year was RMB 447 million, a decline of 41.5% compared to RMB 764 million in 2022[15]. - Basic earnings per share for 2023 was RMB 103.00, down from RMB 154.15 in 2022, representing a decrease of 33.2%[17]. - The company reported a total comprehensive income of RMB 468 million for the year, down from RMB 809 million in 2022, a decrease of 42.1%[17]. Gaming Business - The gaming business accounted for 89.7% of total revenue, with domestic and overseas gaming revenues growing by 10.5% and 4.5% respectively[5]. - The flagship IP "Magic Domain" achieved a revenue increase of 12.4% to RMB 3.4 billion, with the PC version growing by 14% to RMB 2.9 billion[5]. - The average gaming duration for users of the "Magic Domain" IP increased by 50.4% year-on-year, indicating higher player engagement[5]. - The mobile game "Magic Domain Interconnected Version" saw a 50.4% increase in monthly active users, contributing to a stronger player base[6]. - Revenue from gaming and application services was RMB 4.2 billion, accounting for 59% of total revenue, with a year-over-year growth of 6.6%[11]. Mynd.ai Performance - In 2023, Mynd.ai's revenue was RMB 2.9 billion, a decrease of 25.7% compared to RMB 3.9 billion in 2022[8]. - Mynd.ai's gross margin reached 25%, an increase of 1.3 percentage points from the previous year, due to lower raw material and shipping costs[8]. - The company reported a net loss of RMB 930 million from Mynd.ai, compared to a profit of RMB 300 million in 2022, primarily due to a decline in sales volume as the market normalized[11]. - Mynd.ai aims to enhance its software business and develop subscription-based SaaS revenue opportunities[9]. Dividends and Shareholder Returns - The total dividend for 2023 was announced at HKD 1.80 per share, including a final dividend of HKD 0.40 per share[4]. - The proposed final dividend for 2023 is HKD 0.40 per share, amounting to approximately RMB 193 million, consistent with the previous year's dividend[36]. - The company incurred a cash outflow of RMB 877 million in dividends paid, down from RMB 1,225 million in the previous year, indicating a reduction of 28.4%[21]. Cash Flow and Investments - Operating cash flow increased by 4.2% year-over-year to RMB 1.1 billion[11]. - The net cash generated from operating activities for the year ended December 31, 2023, was RMB 1,115 million, an increase of 4.2% from RMB 1,070 million in 2022[20]. - The net cash used in investing activities amounted to RMB 915 million, compared to RMB 106 million in the previous year, indicating a significant increase in investment outflows[20]. - New bank loans added during the year were RMB 1,150 million, up from RMB 878 million in 2022, reflecting a 31% increase in financing activities[21]. Market Presence and Expansion Plans - The company plans to expand its market presence in Japan, the Middle East, and Indonesia in 2024[7]. - The company successfully completed the spin-off of its overseas education business, Mynd.ai, which is expected to enhance competitiveness in the hardware sector[3]. Share Repurchase and Stock Options - The company repurchased a total of 9,844,500 shares at a total cost of HKD 146.7 million during the fiscal year ending December 31, 2023[77]. - The share repurchase aimed to enhance the earnings per share for the company and its shareholders[77]. - As of December 31, 2023, the total unexercised options under the 2018 Share Option Scheme amounted to 1,223,000 shares[56]. Corporate Governance and Compliance - The audit committee confirmed that the financial statements complied with applicable accounting standards and regulations[76]. - The company has adhered to the corporate governance code throughout the review year[75]. - The company confirmed compliance with the trading standards set out in the listing rules for the year ending December 31, 2023[68].