望尘科技控股(02458) - 2023 - 中期业绩

I. Interim Results Announcement Performance Highlights The company reported significant growth in revenue, gross profit, net profit, and profit attributable to owners for H1 2023 | Indicator | For the six months ended June 30, 2022 (RMB million) | For the six months ended June 30, 2023 (RMB million) | Increase (RMB million) | Growth Rate (%) | | :--- | :--- | :--- | :--- | :--- | | Revenue | 294.8 | 354.4 | 59.6 | 20.2 | | Gross Profit | 148.9 | 199.2 | 50.3 | 33.8 | | Net Profit | 20.3 | 39.4 | 19.0 | 93.6 | | Profit Attributable to Owners of the Company | 20.4 | 39.3 | 18.9 | 93.0 | II. Condensed Consolidated Financial Statements Condensed Consolidated Statement of Comprehensive Income The company reported significant growth in revenue, gross profit, and net profit for the six months ended June 30, 2023 | Indicator | For the six months ended June 30, 2023 (RMB thousand) | For the six months ended June 30, 2022 (RMB thousand) | | :--- | :--- | :--- | | Revenue | 354,399 | 294,775 | | Cost of Revenue | (155,231) | (145,910) | | Gross Profit | 199,168 | 148,865 | | Other (Losses)/Gains, Net | (3,751) | 1,034 | | Other Income | 7,042 | 3,594 | | Selling and Marketing Expenses | (80,455) | (73,445) | | General and Administrative Expenses | (25,330) | (17,461) | | Research and Development Expenses | (50,324) | (37,508) | | Impairment Losses under Expected Credit Loss Model, Net of Reversals | (647) | (1,772) | | Net Finance (Costs)/Income | (2,383) | 570 | | Profit Before Income Tax | 43,320 | 23,877 | | Income Tax Expense | (3,969) | (3,551) | | Profit for the Period | 39,351 | 20,326 | | Other Comprehensive Income for the Period | 4,716 | — | | Profit/(Loss) for the Period Attributable to Owners of the Company | 39,313 | 20,374 | | Non-controlling Interests | 38 | (48) | Condensed Consolidated Statement of Financial Position Total assets grew to RMB 491.8 million, driven by intangible assets and cash, with total equity increasing significantly | Indicator | As at June 30, 2023 (RMB thousand) | As at December 31, 2022 (RMB thousand) | | :--- | :--- | :--- | | ASSETS | | | | Total Non-current Assets | 135,373 | 66,559 | | Total Current Assets | 356,444 | 303,701 | | TOTAL ASSETS | 491,817 | 370,260 | | EQUITY AND LIABILITIES | | | | Total Equity | 298,750 | 122,614 | | Total Non-current Liabilities | 62,028 | 20,024 | | Total Current Liabilities | 131,039 | 227,622 | | TOTAL LIABILITIES | 193,067 | 247,646 | | TOTAL EQUITY AND LIABILITIES | 491,817 | 370,260 | - Intangible assets increased from RMB 39,674 thousand as of December 31, 2022, to RMB 100,136 thousand as of June 30, 2023[10] - Cash and cash equivalents increased from RMB 232,566 thousand as of December 31, 2022, to RMB 285,406 thousand as of June 30, 2023[10] - Share capital increased from RMB 8 thousand as of December 31, 2022, to RMB 1,186 thousand as of June 30, 2023, and share premium increased from RMB 0 to RMB 130,891 thousand[10] Condensed Consolidated Statement of Changes in Equity Total equity increased from RMB 122.6 million to RMB 298.8 million, primarily due to profit and new share issuance | Indicator | As at January 1, 2023 (RMB thousand) | Profit for the Period (RMB thousand) | Other Comprehensive Income for the Period (RMB thousand) | Issue of New Shares (RMB thousand) | As at June 30, 2023 (RMB thousand) | | :--- | :--- | :--- | :--- | :--- | :--- | | Total Equity | 122,614 | 39,313 | 4,716 | 69,394 | 298,750 | - Profit for the period was RMB 39,313 thousand, and other comprehensive income was RMB 4,716 thousand[12] - The issuance of new shares generated RMB 69,394 thousand, and shares issued upon conversion of pre-IPO convertible bonds generated RMB 69,393 thousand[12] Condensed Consolidated Statement of Cash Flows Operating cash flow increased, financing inflow surged, and cash and cash equivalents reached RMB 285.4 million | Indicator | For the six months ended June 30, 2023 (RMB thousand) | For the six months ended June 30, 2022 (RMB thousand) | | :--- | :--- | :--- | | Net Cash from Operating Activities | 40,059 | 11,835 | | Net Cash Used in Investing Activities | (54,065) | (8,854) | | Net Cash from/(Used in) Financing Activities | 64,059 | (4,265) | | Net Increase/(Decrease) in Cash and Cash Equivalents | 50,053 | (1,284) | | Cash and Cash Equivalents at Beginning of Period | 232,566 | 188,410 | | Effect of Exchange Rate Changes | 2,787 | 1,367 | | Total Cash and Cash Equivalents at End of Period | 285,406 | 188,493 | - Net cash from operating activities increased by 238.5% year-on-year, primarily due to increased profit[38] - Net cash from financing activities turned significantly positive, mainly due to proceeds from the issuance of shares of RMB 69,394 thousand[38] III. Notes to Condensed Consolidated Financial Statements General Information and Basis of Presentation The company listed on HKEX on January 16, 2023, with financial statements prepared under HKAS 34 and Listing Rules - The company's shares were listed on the Main Board of The Stock Exchange of Hong Kong Limited on January 16, 2023[14] - The condensed consolidated financial statements are prepared in accordance with Hong Kong Accounting Standard 34 and the applicable disclosure requirements of Appendix 16 to the Listing Rules of the Stock Exchange[15] - The company is an investment holding company, and its subsidiaries are principally engaged in the development, publishing, and operation of mobile sports games in China[40] Significant Accounting Policies New and revised HKFRSs were applied for the first time this period, with no significant impact on the Group's financial performance - The Group first applied new and revised Hong Kong Financial Reporting Standards issued by the HKICPA during this interim period, including HKFRS 17 and amendments to HKAS 1, 8, and 12[17][42] - The application of the new and revised HKFRSs had no significant impact on the financial position and performance of the Group for the current and prior periods and/or the disclosures set out in these condensed consolidated financial statements[43] Revenue Revenue primarily from web and mobile online games in China totaled RMB 354.4 million, a 20.2% year-on-year increase - The Group is primarily located in China, with most of its revenue derived from China, and no revenue from any other individual country accounted for 10% or more