中手游(00302) - 2023 - 年度财报

Financial Performance - Total revenue for 2023 was RMB 2,605,884 thousand, a decrease of 4% from RMB 2,713,892 thousand in 2022[5] - Gross profit for 2023 was RMB 943,102 thousand, down 15% from RMB 1,111,695 thousand in 2022[5] - The company reported a net loss of RMB 38,041 thousand for 2023, compared to a loss of RMB 216,880 thousand in 2022, indicating an improvement[5] - Adjusted net profit for 2023 was RMB 5,379 thousand, recovering from an adjusted loss of RMB 196,134 thousand in 2022[5] - Total assets as of 2023 amounted to RMB 7,089,169 thousand, slightly down from RMB 7,153,754 thousand in 2022[5] - Total liabilities decreased to RMB 1,394,356 thousand in 2023 from RMB 1,461,871 thousand in 2022, reflecting a reduction in debt[5] - The company’s total equity remained stable at RMB 5,694,813 thousand in 2023, compared to RMB 5,691,883 thousand in 2022[5] - Basic loss per share for 2023 was RMB (0.73), an improvement from RMB (7.42) in 2022[5] - The company did not declare any dividends for 2023, consistent with the previous year[5] Game Development and Launches - In 2023, the company invested RMB 370 million in game development, leveraging generative AI technology to reduce costs and improve efficiency[7] - The company launched several new games in 2023, including "New Sword and Fairy: Swinging Sword to Ask for Love," which achieved first place on the Apple Store free chart in mainland China within the first month[8] - The company reported over 92.9 million new registered users in 2023, representing a 9.8% increase year-on-year[8] - The company's operating profit for 2023, after excluding non-operating income and expenses, was RMB 107.4 million[8] - The small games segment generated over RMB 600 million in revenue for the company in 2023, becoming a new growth point[8] - The company plans to officially launch the game "My Sword Diary" in January 2024, which has already garnered over 6 million pre-registrations[8] - The company’s subsidiary, Wenmai Interactive, successfully launched the strategic game "City Lord of the World" in the second half of 2023[7] - The company is focusing on developing its IP game ecosystem, emphasizing self-developed and co-developed games, global distribution, and the operation of its own IP[7] - The company’s game "All People Street Basketball" is set to begin billing tests on December 29, 2023, with a planned official launch in 2024[7] Intellectual Property and Licensing - The group's IP licensing revenue for 2023 was RMB 257.0 million, an increase of 74.7% year-on-year[12] - The group reported a revenue of RMB 1,631.3 million from its owned and licensed IP games for the year ending December 31, 2023, an increase from RMB 1,388.1 million in 2022, representing a growth of approximately 17.5%[26] - The group aims to establish a comprehensive IP ecosystem around "Xianjian Qixia Chuan," covering various entertainment sectors[12] - The company launched the interactive video project based on the "Xianjian Qixia Zhuan" IP in collaboration with multiple partners, with a successful live event on Bilibili attracting over 400,000 participants[14] - The company aims to enhance the monetization value of its IP "Sword and Fairy" through collaborations across various fields[8] Market Expansion and User Engagement - The company is expanding its overseas market presence, targeting regions such as Hong Kong, Macau, Taiwan, Southeast Asia, Japan, South Korea, and Europe and America[19] - The average monthly active users reached 17.1 million in 2023, up from 15.5 million in 2022, indicating a growth of about 9.9%[28] - The total number of new registered users in 2023 was approximately 92.9 million, bringing the cumulative registered users to 704.4 million by December 31, 2023[28] - The company plans to launch several new IP-based entertainment projects in 2024, including live-action adaptations in Shanghai, Hangzhou, Anhui, and Chongqing[23] Research and Development - Research and development expenditure for 2023 reached RMB 370.3 million, a decrease of 29.7% compared to the previous year, due to the application of AIGC technology[11] - The company aims to leverage AIGC technology to reduce game development costs by approximately 50% and enhance efficiency in game production[22] Corporate Governance and Management - The company has a strong focus on strategic planning and overall business operations, led by experienced executives in the gaming sector[140] - The board consists of three executive directors, one non-executive director, and three independent non-executive directors, ensuring a high level of independence[154] - The company emphasizes high standards of corporate governance, adhering to applicable codes and regulations, and continuously reviewing its governance status[153] - The audit committee is responsible for recommending the appointment and removal of external auditors and reviewing the company's financial information[166] Environmental, Social, and Governance (ESG) - The company emphasizes its commitment to sustainable development and corporate social responsibility, integrating environmental management into business decisions[195] - The board conducts an annual corporate risk assessment to identify and monitor environmental, social, and governance-related risks[195] - A dedicated Environmental, Social, and Governance (ESG) working group has been formed to assist the board in implementing ESG strategies[195] - The group conducted a materiality assessment to ensure the report addresses key stakeholder concerns[200] Employee and Shareholder Engagement - The company has provided competitive compensation and performance evaluation systems to attract and retain qualified employees[77] - The company encourages shareholders to attend the annual general meeting to communicate directly with the board and exercise their voting rights[191] - The company has adopted a shareholder communication policy to establish mutual relationships and communication with shareholders[192]