蓝港互动(08267) - 2023 - 年度业绩

Financial Performance - For the year ended December 31, 2023, the company's revenue was approximately RMB 135.5 million, an increase of about 90.6% compared to RMB 71.1 million for the year ended December 31, 2022[5]. - The gross profit for the year ended December 31, 2023, was approximately RMB 34.3 million, up about 64.1% from RMB 20.9 million for the previous year[5]. - The loss attributable to owners of the company for the year ended December 31, 2023, was approximately RMB 17.4 million, a significant improvement from a loss of RMB 60.6 million in the previous year[5]. - The adjusted net loss for the year ended December 31, 2023, was approximately RMB 13.8 million, down from RMB 42.7 million in the previous year[5]. - The company reported a net operating loss of RMB 21.4 million for the year ended December 31, 2023, compared to RMB 44.3 million in the previous year[6]. - The company's accumulated losses increased to RMB 1.88 billion from RMB 1.86 billion, indicating a rise of approximately 0.4%[13]. - The company reported a decrease in trade and other payables from RMB 32.07 million to RMB 27.00 million, a decline of about 15.7%[13]. - The company reported a net financial income of RMB 2,071 thousand in 2023, compared to a net financial cost of RMB (206) thousand in 2022[43]. - The total expenses for the company increased to RMB 157,774 thousand in 2023 from RMB 119,584 thousand in 2022, reflecting a 32% rise[42]. Revenue Breakdown - The gaming business generated revenue of RMB 70,134 thousand in 2023, a 5% increase from RMB 66,498 thousand in 2022[32]. - The film and television business saw a significant revenue increase to RMB 65,372 thousand in 2023 from RMB 4,559 thousand in 2022[32]. - Revenue from customers in China increased significantly to RMB 107,222 thousand in 2023 from RMB 43,350 thousand in 2022, representing a 147% growth[37]. - Game business revenue contributed approximately RMB 70.1 million, a 5.4% increase or RMB 3.6 million from the previous year, attributed to the exclusive global release of "Ys: The Oath in Felghana" by Bilibili[77]. - The revenue from customized web series and other income was approximately RMB 65.4 million, a significant increase of about 1,321.7% or RMB 60.8 million compared to RMB 4.6 million in the previous year, mainly due to the recognition of income from "More Than Just Likes"[78]. Assets and Liabilities - Total assets as of December 31, 2023, were RMB 320.6 million, a decrease from RMB 364.8 million as of December 31, 2022[10]. - Total equity attributable to the owners of the company decreased to RMB 247.23 million from RMB 262.41 million, representing a decline of approximately 5.8%[13]. - Total liabilities decreased to RMB 72.91 million from RMB 102.42 million, reflecting a reduction of about 28.8%[13]. - The company's total assets decreased to RMB 320.57 million from RMB 364.82 million, a decline of around 12.1%[13]. - Contract liabilities decreased significantly from RMB 65.31 million to RMB 34.64 million, a reduction of approximately 47%[13]. Corporate Governance and Management - The board appointed a new CEO and compliance officer on January 12, 2023, with the changes effective from February 26, 2023[113]. - The company maintains high standards of corporate governance, believing it is key to gaining and maintaining stakeholder trust[117]. - The company has no directors or major shareholders engaged in any competing business as of December 31, 2023[121]. - All executive directors have committed to non-competition agreements, ensuring no involvement in competing businesses[122]. - The company has adopted a diversity policy since December 29, 2014, and reviews it annually to ensure effective implementation[188]. Employee and Compensation - The total employee compensation for the year was approximately RMB 47.6 million, compared to RMB 53.4 million in the previous year[104]. - The company has 88 employees as of December 31, 2023, down from 103 employees in the previous year[104]. - The compensation committee reviewed the remuneration of directors and senior management for the year ending December 31, 2023, and deemed it fair and reasonable[182]. Future Plans and Investments - The company is focusing on expanding its market presence and enhancing its product offerings through ongoing research and development efforts[5]. - The company plans to focus on the third-generation internet business starting in 2024, emphasizing applications, investments, and computing power services[69]. - The company has secured a 35% stake in Element, a popular NFT trading market, to enhance its presence in the third-generation internet sector[71]. - The company is optimistic about cryptocurrency investment opportunities following the SEC's approval of spot Bitcoin ETFs in January 2024[72]. - The company has initiated the development of new mobile games, including the remastered version of "Naughty Heaven 1" and "Naughty Heaven 2," with expected launches in Q2 2024 and Q3 2024 respectively[58]. Share Plans and Options - The company has granted a total of 36,983,846 share options under the share option plan, which is capped at 10% of the total shares issued on the listing date[160]. - The share option plan is valid for ten years from the listing date, with approximately nine months remaining as of the announcement date[167]. - The maximum number of shares that can be granted to any individual under the plan is limited to 1% of the total issued shares over a 12-month period[163]. - The company has a total of 1,000,000 stock options granted in 2019, all of which remain unexercised at an exercise price of HKD 0.88[172]. Audit and Compliance - The audit committee was established on April 24, 2014, and is chaired by an independent non-executive director, ensuring compliance with GEM listing rules[191]. - The consolidated financial statements for the year ending December 31, 2023, have been reviewed by the audit committee and comply with applicable accounting standards[192]. - The audit committee provides recommendations to the board regarding the appointment of external auditors and reviews internal control procedures[192].