多牛科技(01961) - 2023 - 年度业绩

Revenue Growth - Revenue increased by approximately RMB 160.0 million or 154.0% to approximately RMB 263.9 million for the fiscal year ending December 31, 2023, compared to RMB 103.9 million for the previous year[9] - The group's revenue for the year ended December 31, 2023, was approximately RMB 263.88 million, compared to RMB 103.91 million for the year ended December 31, 2022, representing a significant increase[38] - Total revenue for 2023 reached RMB 263,880,000, an increase of 153.5% compared to RMB 103,910,000 in 2022[69] - Revenue from mobile games development and operation was RMB 144,416,000, up 155.8% from RMB 56,499,000 in the previous year[69] - Revenue from other countries/regions surged to RMB 145,781,000, compared to RMB 12,083,000 in 2022, marking a significant increase[69] User Engagement - The average monthly paying users increased from approximately 23.6 thousand to approximately 152.8 thousand, driven by the expansion into overseas mobile gaming markets[4] - The number of paying users increased to 1,833.8 thousand, representing a growth of 546.6% from 283.6 thousand in 2022[76] - Average monthly paying users rose to 152.8 thousand, a 547.5% increase from 23.6 thousand in 2022[76] Profitability and Loss - Gross profit rose to RMB 38.2 million, a 138.1% increase from RMB 16.0 million in the previous year[7] - The company reported a net loss of RMB 53.8 million, a 37.5% improvement from a loss of RMB 86.0 million in the previous year[7] - The net loss for fiscal year 2023 was approximately RMB 53.8 million, narrowing from a loss of RMB 86.0 million in fiscal year 2022[134] - The group reported a pre-tax loss for the year of RMB 53.32 million, a decrease from RMB 84.45 million in 2022[93] Expenses and Cost Management - The cost of sales increased by approximately RMB 137.8 million or 156.9% to about RMB 225.7 million for the fiscal year ending December 31, 2023, with sales cost accounting for approximately 85.5% of total revenue[13] - Administrative expenses rose by approximately RMB 13.9 million or 58.9% to about RMB 37.6 million for the fiscal year ending December 31, 2023, mainly due to increased employee costs and professional fees[16] - Research and development expenses decreased by 31.0% to RMB 25.9 million, reflecting a strategic shift in resource allocation[7] - Other expenses for the fiscal year 2023 were approximately RMB 16.0 million, up from RMB 14.4 million in fiscal year 2022, primarily due to increased impairment provisions for investments in joint ventures[129] Strategic Plans and Future Outlook - The company plans to continue diversifying its business and enhancing profitability through flexible resource allocation and market expansion strategies[1] - The company aims to accelerate the development of AIGC mobile applications and expand its overseas market presence[1] - The company plans to expand its market presence and invest in new product development to sustain growth[69] - The company aims to leverage the opportunities presented by the AI technology boom to enhance its market competitiveness and explore innovative product combinations[138] Financial Position and Management - The group had no bank borrowings as of December 31, 2023, with an asset-liability ratio of 0.04%, a significant decrease from 14.3% in the previous year[23] - As of December 31, 2023, the group's cash and cash equivalents totaled approximately RMB 37.2 million, an increase from approximately RMB 20.7 million as of December 31, 2022[144] - The group has adopted a prudent cash and financial management policy to achieve better cost control and minimize capital costs, with cash generally deposited in banks and primarily denominated in RMB[153] Risks and Challenges - The group faced risks related to reliance on distribution channels and potential delays in payments from agents, which could adversely affect cash flow and financial performance[29] - The company is expanding its game product supply business, facing challenges such as product quality and reliance on a single customer[30] - The group is also addressing risks associated with external disruptions, such as system outages and cyberattacks, which could impact its digital media content operations[36] Shareholder and Corporate Governance - The company’s shares were listed on the Main Board of the Hong Kong Stock Exchange on March 17, 2020[60] - The financial statements are prepared in accordance with the Hong Kong Financial Reporting Standards and presented in Renminbi (RMB) thousands[49] - The financial statements for the year ended December 31, 2023, have been reviewed by Ernst & Young, ensuring consistency with the group's financial data[111] - The board expresses gratitude to shareholders, management, employees, business partners, and customers for their continuous support and contributions[118]