Financial Performance - For the year ended December 31, 2023, the company reported a total revenue of RMB 3,142.7 million from its top five games, a decrease of 44.6% compared to RMB 5,751.2 million in 2022[10]. - In 2023, the company's total revenue was RMB 6,514.6 million, a decrease of 26.1% from RMB 8,817.2 million in 2022, primarily due to a decline in revenue from online game publishing business[28]. - Total revenue for the year ended December 31, 2023, was RMB 6,514.6 million, a decrease of 26.0% from RMB 8,817.2 million in 2022[89]. - Gross profit for the same period was RMB 4,573.3 million, down 28.8% from RMB 6,409.7 million in 2022[89]. - Net profit fell by 44.4% from RMB 491.5 million in 2022 to RMB 273.3 million in 2023[46]. - Basic earnings per share for the year was RMB 0.47, down from RMB 9.65 in 2022[90]. - The group’s deferred tax liabilities for 2023 were RMB (61,455,000), a significant increase from RMB (6,940,000) in 2022, indicating a change in tax position[153]. User Metrics - The cumulative registered user base reached 489.3 million by December 31, 2023, up from 356.1 million in 2022, representing an increase of approximately 37.3%[8]. - The average monthly active users (MAU) for 2023 was 8.7 million, down from 10.0 million in 2022, indicating a decline of about 12.9%[8]. - The average revenue per paying user (ARPPU) increased to RMB 469.2 in 2023 from RMB 403.4 in 2022, reflecting a growth of approximately 16.3%[8]. Game Development and Offerings - The company launched 69 new games in 2023, expanding its portfolio to over 350 games in operation[3]. - The company plans to diversify its game offerings in 2024, including MMORPGs, strategy games, casual games, tower defense games, and collectible card games[10]. - The top five games accounted for 48.2% of total revenue in 2023, down from 65.2% in 2022, indicating a strategic shift to reduce reliance on these key titles[10]. - Revenue from self-operated game products decreased by 31.0% from RMB 6,179.6 million in 2022 to RMB 4,264.5 million in 2023, while revenue from co-operated game products decreased by 18.4% from RMB 2,383.8 million to RMB 1,944.8 million[30]. Marketing and Revenue Sources - Revenue from other marketing services, including online literature and short videos, surged by 141.0% to RMB 91.6 million in 2023 from RMB 38.0 million in 2022[5]. - Revenue from consumer goods business, including the fast food brand "Zhazhahui" and the trendy brand "Bro Kooli," was stable at RMB 213.7 million in 2023, slightly down from RMB 215.8 million in 2022[5]. - Revenue from mainland China was RMB 6,084,255,000, down 29.5% from RMB 8,638,210,000 in 2022[134]. - Revenue from Hong Kong increased to RMB 430,330,000 in 2023, compared to RMB 179,011,000 in 2022, representing a growth of 140.4%[134]. Expenses and Cost Management - Sales and distribution expenses decreased by 31.0% from RMB 5,622.4 million in 2022 to RMB 3,880.2 million in 2023, primarily due to a shorter marketing period for new game products launched in 2023[38]. - Administrative expenses increased by 51.0% from RMB 175.7 million in 2022 to RMB 265.3 million in 2023, mainly due to increased equity incentive costs related to the pre-IPO share option plan adopted in November 2022[39]. - R&D costs rose by 8.6% from RMB 157.7 million in 2022 to RMB 171.2 million in 2023, primarily due to increased equity incentive costs from the pre-IPO share option plan[40]. - Other expenses surged from RMB 8.3 million in 2022 to RMB 208.3 million in 2023, mainly due to increased fair value losses on financial assets and goodwill impairment related to a subsidiary[41]. Financial Position and Liquidity - Cash and cash equivalents amounted to RMB 486.9 million as of December 31, 2023, with no significant external financing plans currently in place[56]. - The company's debt-to-equity ratio was 0.45 in 2022 and improved to 0.18 by December 31, 2023[59]. - The current ratio increased from 0.71 in 2022 to 0.84 as of December 31, 2023, indicating improved liquidity[60]. - The company held equity investments in Century Huatong valued at RMB 412.8 million, representing 5.7% of total assets, with a fair value loss of RMB 173.1 million during the reporting period[61]. - Total capital expenditure for 2023 was approximately RMB 23.0 million, used for the acquisition of property, equipment, and other intangible assets[65]. Corporate Governance and Compliance - The audit committee, composed of three independent non-executive directors, reviewed the financial performance and confirmed compliance with accounting standards[82]. - The company has adopted a code of conduct for securities trading by directors, ensuring compliance since the listing date[76]. - The board expressed gratitude to the management and employees for their efforts during the reporting period[175]. - The board acknowledged the guidance from regulatory bodies and the long-term support from shareholders and customers[175]. Future Outlook and Strategic Plans - The company plans to enhance its technology and innovation in brand and content development while expanding into international markets, including Southeast Asia and Japan[25]. - The company aims to strengthen its position in the market by launching new game series based on major IPs while maintaining its leadership in existing popular titles[25]. - The company has no significant future investment or acquisition plans as of December 31, 2023[64].
中旭未来(09890) - 2023 - 年度业绩