中手游(00302) - 2023 - 中期业绩

Financial Performance - The company reported revenue of RMB 1,535.4 million for the six months ended June 30, 2023, representing a year-on-year increase of 24.6%[2] - The net profit attributable to the owners of the parent company was RMB 56.8 million, compared to a loss of RMB 21.9 million in the same period last year[2] - Adjusted net profit for the period was RMB 76.2 million, recovering from a loss of RMB 15.7 million in the previous year[2] - The gross profit for the same period was RMB 516,195 thousand, compared to RMB 500,963 thousand in 2022, indicating a slight increase of about 3.1%[19] - The adjusted net profit attributable to the owners of the parent company for the six months ended June 30, 2023, was RMB 76,168 thousand, a significant recovery from a loss of RMB 15,654 thousand in the previous year[20] - The company's net profit attributable to ordinary equity holders for the six months ended June 30, 2023, was RMB 56,824,000, compared to a loss of RMB 21,901,000 for the same period in 2022[70] - Profit before tax turned from a loss of RMB 19.4 million to a profit of RMB 42.6 million for the six months ended June 30, 2023[38] - The pre-tax profit for the period was RMB 42,572 thousand, a significant improvement from a pre-tax loss of RMB 19,372 thousand in the same period last year[59] User Engagement and Growth - The average monthly active users reached 15.6 million, up from 12.8 million in the same period last year, marking an increase of 22.5%[4] - The average monthly paying users increased to 1.1 million, compared to 941.4 thousand in the previous year, reflecting a growth of 19.9%[4] - The total number of new registered users was 48.7 million, up from 38.4 million in the same period last year, indicating a growth of 26.5%[4] Game Development and Launches - The company launched 8 new mobile games in the first half of 2023, contributing to its expanding game portfolio[3] - The company plans to officially launch the open-world game "仙劍世界" within 2023, which has received positive feedback during its initial exposure[6] - The game "全民街籃" is expected to launch within 2023 after completing its development and obtaining the necessary approvals[6] - The mobile game "City Lord of the World," developed by the wholly-owned subsidiary Beijing Wenmai Interactive Technology Co., Ltd., successfully obtained its license in February 2023 and is currently in the final testing phase, with plans for exclusive release in the domestic market in the second half of 2023[7] - The group plans to launch several new games in the second half of 2023, including the MMORPG "Douluo Dalu: Shrek Academy" and the simulation game "Country Love Story" in mainland China[15] - The group has successfully developed and is preparing to launch the strategy mobile game "City Lord World" and the esports game "All-Star Street Basketball" within 2023[16] Research and Development - Research and development expenses for the first half of 2023 amounted to RMB 266.9 million, a year-on-year increase of 30.6%[6] - The group aims to enhance the value of its IP "Xianjian Qixia Zhuan" through various collaborations, including a mixed reality interactive game and multiple film adaptations scheduled for release between 2023 and 2024[17] - The group has established strategic partnerships with major companies like Baidu and Microsoft to enhance AI capabilities in the upcoming "Sword and Fairy World" game, aiming for a localized deployment of AI large models[10] - The group has ongoing collaborations with Tencent Video for the production of the "Sword and Fairy" series, with the first installment expected to be released in 2023[9] Financial Management - The group's financing costs decreased to RMB 9,859 thousand in 2023 from RMB 16,340 thousand in 2022, indicating improved financial management[19] - Other income and gains surged by approximately 133.9% from RMB 29.7 million to RMB 69.6 million, driven by strong performance in investments and dividends received[27] - The company incurred financing costs of RMB 9,859 thousand, a decrease from RMB 16,340 thousand in the previous year, indicating a reduction of approximately 39.4%[58] Market Position and Strategy - The company continues to focus on expanding its mobile game publishing and development operations in mainland China, Hong Kong, Taiwan, and South Korea[53] - The group has established a national wind metaverse platform, "Xianjian World," which received dual platform approval in June 2023 and is set to launch by the end of the year[18] - The group has received several awards for its games, including the Outstanding Contribution Award and Social Responsibility Award from the Guangdong Provincial Cultural and Tourism Department in February 2023[11][12] Financial Position - Current assets were approximately RMB 2,195.8 million, with current liabilities of approximately RMB 1,010.4 million, resulting in a current ratio of 2.17 as of June 30, 2023[41] - Total assets as of June 30, 2023, were RMB 6,054,266 thousand, compared to RMB 5,794,413 thousand at the end of 2022[50] - Current liabilities decreased to RMB 1,010,397 thousand from RMB 1,359,341 thousand at the end of 2022, improving the company's liquidity position[50] - The company's equity attributable to owners of the parent increased to RMB 5,798,415 thousand from RMB 5,691,883 thousand[52] Compliance and Governance - The company has complied with the corporate governance code, except for the separation of the roles of Chairman and CEO, which are currently held by the same individual[79] - All directors confirmed compliance with the trading standards for securities during the period from January 1, 2023, to June 30, 2023[80] - The audit committee reviewed the unaudited consolidated financial statements and discussed matters related to audit, risk management, and internal controls[81]