Financial Performance - The group's revenue increased to approximately RMB 226.8 million for the year ended December 31, 2023, representing a growth of about 5.4% compared to RMB 215.0 million in 2022[6] - Gross profit rose to approximately RMB 39.3 million for the year ended December 31, 2023, an increase of RMB 11.0 million from RMB 28.3 million in 2022[6] - The total online and offline transaction volume for Changyou Alliance increased to approximately RMB 257.1 million for the year ended December 31, 2023, compared to RMB 236.0 million in 2022[6] - The net loss attributable to equity shareholders for the year ended December 31, 2023, was approximately RMB 37.6 million, compared to RMB 34.7 million in 2022[6] - Basic and diluted loss per share for the year ended December 31, 2023, was approximately RMB 2.07, compared to RMB 1.92 in 2022[6] - The total comprehensive loss for the year ended December 31, 2023, was RMB 37.5 million, an improvement from RMB 53.6 million in 2022[8] - The company reported a revenue of RMB 226,751,000 for the year 2023, an increase from RMB 215,038,000 in 2022, reflecting a growth of approximately 5.98%[22] - The company incurred a pre-tax loss of RMB 34,354,000 in 2023, compared to RMB 33,282,000 in 2022, indicating a slight increase in losses[27] - The company reported a pre-tax loss of RMB 38,616,000 for 2023, an improvement from a loss of RMB 48,742,000 in 2022, representing a reduction of approximately 20%[33] Assets and Liabilities - As of December 31, 2023, the group's current liabilities net amount was RMB 155.6 million, compared to RMB 119.0 million in 2022[10] - The total assets less current liabilities as of December 31, 2023, were RMB 152.1 million, compared to RMB 113.1 million in 2022[10] - The total equity attributable to equity shareholders decreased to RMB 234.7 million as of December 31, 2023, from RMB 271.6 million in 2022[11] - The company's total assets as of December 31, 2023, were approximately RMB 149.5 million, down from RMB 154.4 million as of December 31, 2022[86] - The total liabilities of the company as of December 31, 2023, were approximately RMB 302.9 million, compared to RMB 270.2 million as of December 31, 2022[86] - The company's debt-to-asset ratio increased to 2.03 as of December 31, 2023, from 1.75 as of December 31, 2022[86] - The total borrowings of the company, including convertible bonds, amounted to approximately RMB 165.8 million as of December 31, 2023, compared to RMB 140.6 million as of December 31, 2022[87] Cash Flow and Financing - Cash and cash equivalents decreased to approximately RMB 25.4 million from RMB 33.0 million in 2022, mainly due to net cash outflows from operating activities[75] - The company has a loan principal of HKD 56,080,000 (approximately RMB 50,821,000) due after the reporting period[19] - The company entered into a subscription agreement with Century Investment to issue convertible bonds totaling HKD 126 million, with an annual interest rate of 8% and maturing in three years[43] - The company has conditionally agreed to issue HKD 126 million of convertible bonds at an interest rate of 8% with a maturity of three years[78] Expenses and Cost Management - The company’s employee costs totaled RMB 25,708,000 in 2023, a decrease from RMB 27,241,000 in 2022, representing a reduction of about 5.65%[29] - Sales and distribution expenses decreased to approximately RMB 5.3 million from RMB 6.1 million in 2022, attributed to reduced promotional activities[70] - Administrative expenses decreased to approximately RMB 30.7 million from RMB 32.2 million in 2022, due to ongoing cost-saving measures[71] - Research and development costs decreased to approximately RMB 9.7 million from RMB 12.6 million in 2022, primarily due to reduced subcontractor expenses[72] Shareholder Returns - The company did not recommend the distribution of any final dividend for the year ended December 31, 2023[6] - The board does not recommend the distribution of any final dividend for the year ended December 31, 2023, consistent with the previous year[100] Business Development and Strategy - The company is developing the Changyou platform aimed at integrating digital membership points and resources, leveraging blockchain and big data technologies[58] - The company has established a digital points business ecosystem in collaboration with several partners, focusing on the integration of digital assets[58] - The primary goal for the points SaaS business in 2024 is to maintain stability while expanding into more suitable small-scale high-frequency scenarios to enhance user experience[103] - The group aims to expand its cooperation scope globally and engage with international industry leaders to enrich its points resources and increase user numbers[104] Compliance and Governance - The audit committee reviewed the audited consolidated financial statements for the year ending December 31, 2023[111] - The independent auditor, KPMG, confirmed that the financial statements present a true and fair view of the group's financial position[112] - The company has adopted the standard code of conduct for securities trading as per the listing rules[110] - The annual report will be published on the Hong Kong Stock Exchange website and the company's website[116]
畅由联盟(01039) - 2023 - 年度业绩