4Q14 Total Revenue Up 77.7% YoY to RMB204.7
Million
4Q14 Revenue from Smartphone Business Up 179.7%
YoY to RMB181.6 Million
Conference Call to be Held at 8:00 AM U.S.
Eastern Time on March 9, 2015
Sky-mobi Limited ("Sky-mobi" or the "Company") (Nasdaq:MOBI), a
leading mobile application platform in China, today announced its
unaudited financial results for the fourth quarter and nine-month
period ended December 31, 2014.
Fourth Quarter 2014
Highlights
- Total revenue increased by 77.7% to RMB204.7 million (US$33.0
million) from RMB115.2 million in the prior year period.
- Revenue from smartphone business increased by 179.7% to
RMB181.6 million (US$29.3 million), or 88.7% of total revenue, from
RMB64.9 million, or 56.4% of total revenue in the prior year
period.
Highlights for the Nine-Month Period
Ended December 31, 20141
- Total revenue increased by 64.2% to RMB586.0 million (US$94.5
million) from RMB357.0 million in the nine-month period ended
December 31, 2013.
- Revenue from smartphone business increased by 302.0% to
RMB492.7 million (US$79.4 million), or 84.1% of total revenue, from
RMB122.6 million, or 34.3% of total revenue in the nine-month
period ended December 31, 2013.
Mr. Michael Tao Song, chairman and chief executive officer of
Sky-mobi, stated, "Our fourth quarter financial and operational
results mark an impressive finish to our fiscal year and
demonstrate the strong growth momentum of our business. The
progress we made was driven largely by the increasing popularity of
our single-player games. Recognizing this trend, we are heightening
our focus on single-player games and aim to introduce an expanded
selection of these games, from both overseas and domestic game
developers, to further enhance our content offering. We are
confident that by continuing to introduce and localize innovative
mobile games, we will be able to broaden our community, deepen the
connection with our grassroots users and expand our market share in
2015 and beyond."
Mr. Song continued, "Looking at our financial results, the
fourth quarter witnessed continued strong growth in our smartphone
business and strong year-over-year growth in total revenue.
Specifically, our quarterly revenue from smartphone business
reached a historical high of RMB181.6 million, representing
approximately 88.7% of total revenue. The biggest contributor to
the revenue growth during the period was single-player games, which
delivered RMB141.8 million to our top-line and carried an ARPU2 of
approximately RMB10.0, accounting for 78.1% of our total smartphone
revenue. Having finished 2014 by successfully transitioning our
business focus to smartphones, we will continue to focus on growing
our user base and improving economies of scale. We are confident in
our ability to improve our margins and deliver increased long-term
value to our shareholders."
Fourth Quarter 2014 Financial
Results
Total Revenue
Total revenue was RMB204.7 million (US$33.0 million), compared
to RMB211.1 million in the third quarter 2014; total revenue
increased 77.7% from RMB115.2 million in the prior year period. The
year-over-year increase was primarily attributable to the strong
growth of the Company's smartphone business during 2014. The slight
sequential quarter-over-quarter decrease was primarily due to the
decline in the Company's feature phone revenue, which was partially
offset by the continued growth in smartphone revenue.
Revenue from smartphone business increased 1.7% to RMB181.6
million (US$29.3 million) from RMB178.6 million in the third
quarter 2014, or 88.7% of total revenue in the fourth quarter 2014,
compared to 84.6% in the third quarter 2014; revenue from
smartphone business increased 179.7% from RMB64.9 million in the
prior year period. The increase was mainly attributable to the
Company's increasing efforts in publishing single-player games both
over the Maopao smartphone platform and through third-party
distribution channels.
Smartphone revenue can be further broken down into three
categories: "revenue from single-player games", "revenue from
multiplayer games" and "advertising revenue." Revenue from
single-player games increased 1.1% to RMB141.8 million (US$22.8
million) from RMB140.2 million in the third quarter 2014, and
increased 295.8% from RMB35.8 million in the prior year period.
ARPU for single-player games was RMB10.0. Revenue from multiplayer
games were RMB21.4 million (US$3.5 million), compared to RMB24.9
million in the third quarter 2014 and RMB16.6 million in the prior
year period. ARPU for multiplayer games was RMB175.8. Advertising
revenue increased 35.6% to RMB18.4 million (US$3.0 million) from
RMB13.6 million in the third quarter 2014, and increased 47.4% from
RMB12.5 million in the prior year period.
Cost of Revenue and Gross
Profit
Total cost of revenue decreased 6.6% to RMB162.9 million
(US$26.3 million), compared to RMB174.4 million in the third
quarter 2014; total cost of revenue was RMB88.0 million in the
prior year period.
The discussion and analysis below focuses on non-IFRS cost of
revenue, which the Company believes more accurately reflects its
operating performance than the IFRS cost of revenue.
Total non-IFRS cost of revenue decreased 6.5% to RMB162.9
million (US$26.3 million) from RMB174.3 million in the third
quarter 2014; total non-IFRS cost of revenue was RMB87.7 million in
the prior year period.
Non-IFRS cost associated with payments to industry participants
decreased 6.9% to RMB155.3 million (US$25.0 million) from RMB166.8
million in the third quarter 2014; non-IFRS cost associated with
payments to industry participants was RMB80.9 million in the prior
year period. The sequential decrease was primarily attributable to
the decreased distribution channel costs resulting from improved
efficiency in distribution solutions. The year-over-year increase
was primarily due to increased channel costs, which grew largely in
line with revenue.
Non-IFRS direct cost was RMB7.6 million (US$1.2 million),
compared to RMB7.5 million in the third quarter 2014 and RMB6.9
million in the prior year period. Non-IFRS direct cost included
salaries and benefits, depreciation, office expenses and utilities
directly related to the operation of Maopao application stores for
smartphones and feature phones. The year-over-year increase in
non-IFRS direct cost was due to the Company's headcount expansion
to support its daily operations.
Non-IFRS gross profit increased 13.2% to RMB41.7 million (US$6.7
million) from RMB36.9 million in the third quarter 2014, and
increased 52.0% from RMB27.5 million in the prior year period.
Non-IFRS gross margin was 20.4%, compared to 17.5% in the third
quarter 2014 and 23.8% in the prior year period. The
quarter-over-quarter increase in non-IFRS gross margin was mainly
attributable to the increase in advertising revenue, which has a
higher gross margin. The year-over-year decrease in non-IFRS gross
margin was primarily due to the Company's extension of more
favorable revenue sharing arrangements to its smartphone business
partners, including handset manufacturers and content providers, as
a result of the expansion of the Company's smartphone user base and
further improvements to its smartphone content and application
offerings.
Operating Expenses and Profit from
Operations
Total operating expenses, primarily consisting of employee
salaries and benefits, training expenses, travel, entertainment and
office related expenses, decreased 8.6% to RMB32.2 million (US$5.2
million) from RMB35.2 million in the third quarter 2014; total
operating expenses were RMB28.3 million in the prior year
period.
Total non-IFRS operating expenses decreased 1.8% to RMB32.8
million (US$5.3 million) from RMB33.4 million in the third quarter
2014; total non-IFRS operating expenses were RMB25.4 million in the
prior year period. The year-over-year increase in total non-IFRS
operating expenses was mainly due to the Company's headcount
expansion as well as the increased marketing and promotion expenses
to promote the Company's Maopao platform and products.
Profit from operations increased 505.6% to RMB9.6 million
(US$1.5 million) from RMB1.6 million in the third quarter 2014, and
increased 906.3% from a loss from operations of RMB1.2 million in
the prior year period.
Non-IFRS profit from operations increased 156.2% to RMB9.0
million (US$1.4 million) from RMB3.5 million in the third quarter
2014, and increased 345.4% from RMB2.0 million in the prior year
period.
Net Profit
Net profit increased 42.5% to RMB20.8 million (US$3.3 million)
from RMB14.6 million in the third quarter 2014, and increased
332.3% from RMB4.8 million in the prior year period. Basic and
diluted EPS were RMB0.09 (US$0.02) and RMB0.09 (US$0.02),
respectively, which represents the equivalent of RMB0.75 (US$0.12)
and RMB0.75 (US$0.12) per ADS, respectively.
Non-IFRS net profit increased 22.2% to RMB20.2 million (US$3.3
million) from RMB16.5 million in the third quarter 2014, and
increased 152.0% from RMB8.0 million in the prior year period.
Non-IFRS basic and diluted earnings per common share were RMB0.09
(US$0.01) and RMB0.09 (US$0.01), respectively, which represents the
equivalent of RMB0.73 (US$0.12) and RMB0.73 (US$0.12) per ADS,
respectively.
The weighted average number of ADSs used to calculate basic and
diluted earnings per ADS for the fourth quarter 2014 was 27,749,946
and 27,854,242, respectively.
Common Shares
Sky-mobi had approximately 222.3 million common shares
outstanding as of December 31, 2014, or the equivalent of
approximately 27.8 million ADSs outstanding.
Other Operating Data
|
For the three months
ended |
In '000 |
September 30, 2014 |
December 31, 2014 |
|
|
|
Maopao Platform3 |
|
|
Average DNU4 |
500 |
528 |
Average MAU5 |
33,000 |
33,686 |
|
|
|
Game Distribution |
|
|
|
|
|
Paying ratio6 |
15.1% |
14.1% |
|
|
|
Single-player
games |
|
|
Average MPU7 |
4,929 |
4,725 |
Average ARPU (RMB) |
9.5 |
10.0 |
|
|
|
Multiplayer
games |
|
|
Average MPU |
49 |
41 |
Average ARPU (RMB) |
168.5 |
175.8 |
Business Outlook
For the first quarter ending March 31, 2015, Sky-mobi expects
its total revenue to be in the range of RMB210 million to RMB215
million.
The above represents Sky-mobi's current projections, which are
subject to change.
Conference Call and Webcast
The Company will hold a conference call on Monday, March 9, 2015
at 8:00 am Eastern Time, or 8:00 pm Beijing Time to discuss the
financial results. Participants may access the call by dialing the
following numbers:
United States: |
+1-845-675-0438 |
International Toll Free: |
+1-855-500-8701 |
China Domestic: |
400-1200654 |
Hong Kong: |
+852 3018-6776 |
Conference ID: |
# 95129916 |
The replay will be accessible through March 17, 2015 by dialing
the following numbers:
United States Toll Free: |
+1-855-452-5696 |
International: |
+61 2 90034211 |
Conference ID: |
# 95129916 |
A live and archived webcast of the conference call will be
available on the Company's investor relations website at
http://ir.sky-mobi.com
About Non-IFRS Financial Measures
To supplement its consolidated financial statements prepared in
accordance with International Financial Reporting Standards, or
IFRS, Sky-mobi uses several non-IFRS financial measures defined
below. The Company believes management and investors benefit
from non-IFRS financial measures in assessing the Company's
performance and prospects. Specifically, the Company believes that
non-IFRS financial measures provide meaningful supplemental
information regarding its performance by excluding certain items
that may not be indicative of the Company's operating
performance.
The presentation of this additional information is not meant to
be considered superior to, in isolation from or as a substitute for
results prepared in accordance with IFRS. A limitation of using
non-IFRS cost of revenue, gross profit, operating expenses, profit
from operations, net profit and net profit per share is that these
non-IFRS measures exclude share-based compensation expenses that
have been and will continue to be for the foreseeable future a
significant recurring expense. Management provides specific
information regarding the IFRS amounts excluded from each non-IFRS
measure. For more information on these non-IFRS financial measures,
please see the tables containing reconciliations of non-IFRS
financial measures to comparable IFRS measures in this release.
Definitions of Non-IFRS Measures
Non-IFRS cost of revenue is
defined as cost of revenue excluding share-based compensation
expenses.
Non-IFRS gross profit is
defined as revenue less non-IFRS cost of revenue.
Non-IFRS operating expenses
are defined as operating expenses excluding share-based
compensation expenses.
Non-IFRS profit (loss) from operations is
defined as Non-IFRS gross profit less non-IFRS operating
expenses.
Non-IFRS net
profit is defined as non-IFRS profit from
operations plus/minus other gains or losses, impairment loss
on investments in associates, impairment of available-for-sale
investments, share of results of associates and gain on disposal of
an associate, less income tax.
Non-IFRS basic and diluted
earnings per common share/ADS are defined
as non-IFRS net profit attributable to owners of the Company
divided by weighted average outstanding shares/ADSs during the
period.
Exchange Rate
This announcement contains translations of certain Renminbi
(RMB) amounts into U.S. dollars (US$) at a specified rate solely
for the convenience of the reader. Unless otherwise noted, all
translations from RMB to U.S. dollars are made at a rate of
RMB6.2046 to US$1.00, the exchange rate at December 31, 2014as set
forth in the H.10 statistical release of the Federal Reserve
Board.
Safe Harbor Statement
This announcement contains forward-looking statements within the
meaning of the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. In some cases, you can identify
forward-looking statements by such terms as "may," "will,"
''believes,'' ''expects,'' ''anticipates,'' ''intends,''
''estimates,'' "plans," "continues" or other similar
expressions, the negative of these terms, or other comparable
terminology. Such statements, including statements relating to the
Company's business outlook, are subject to risks and uncertainties
that could cause actual results to differ materially from those
projected. These forward-looking statements are based on current
expectations, assumptions, estimates and projections about the
Company and its industry. The Company undertakes no obligation to
update forward-looking statements to reflect subsequent occurring
events or circumstances, or changes in its expectations, except as
may be required by law.
About Sky-mobi Limited
Sky-mobi Limited is a leading mobile application platform in
China. The Company works with handset companies to pre-install its
Maopao App Store and other Maopao applications on handsets and with
content providers to provide users with applications and content
titles. Users of Maopao App Store can browse, download and enjoy a
range of applications and content, such as single-player games,
mobile music and books on various mobile handsets with different
hardware and operating system configurations. The Company's mobile
social network community in China, the Maopao Community, offers
mobile social games as well as applications and content with social
networking functions to its registered users. The Company is based
in Hangzhou, China. For more information, please visit:
www.sky-mobi.com.
1 In May 2014, the Company changed its fiscal year-end from
March 31 to December 31, effective from the calendar year ended
December 31, 2014. For comparison purposes, the Company has
included its financial results for the nine-month periods ended
December 31, 2014 and December 31, 2013 in this unaudited financial
results press release.
2 "ARPU" stands for average revenue per paying user.
3 "Maopao Platform" refers to Sky-mobi's Maopao-branded
smartphone products and services, including but not limited to
Maopao App Store, Maopao Game Center, Maopao Community, Maopao
Browser, Maopao Assistant and Maopao Desktop.
4 "DNU" stands for daily new users, adjusted to eliminate
double-counting of the same user. When calculating the number of
users, Sky-mobi considers an individual that uses Maopao products
or services on one handset and with one SIM card as one user. By
this calculation method, an individual who uses Maopao products on
one handset with two different SIM cards, or on two different
handsets with one SIM card would be counted as two individual
users.
5 "MAU" stands for monthly active users. It refers to the number
of users that visit Maopao Platform in a particular month, adjusted
to eliminate double-counting of the same user. Average MAUs for a
particular period is the average of the MAU during that period.
6 "Paying ratio" equals to average MPU divided by average MAU
for a particular period.
7 "MPU" stands for monthly paying user. It represents the number
of users that have purchased in-app virtual items or other contents
in a particular month, adjusted to eliminate double-counting of the
same user. Average MPU for a particular period is the average of
the MPU during that period.
FINANCIAL TABLES FOLLOW
Sky-mobi
Limited |
Unaudited Consolidated
Statements of Profit or Loss and Other Comprehensive Income
(IFRS) |
|
|
For the three months ended |
For the nine months ended |
|
December 31, |
September 30, |
December 31, |
December 31, |
December 31, |
December 31, |
December 31, |
|
2013 |
2014 |
2014 |
2014 |
2013 |
2014 |
2014 |
In thousands |
(RMB) |
(RMB) |
(RMB) |
(US$) |
(RMB) |
(RMB) |
(US$) |
(Except for share and per share data) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenue |
115,187 |
211,138 |
204,675 |
32,988 |
356,987 |
586,033 |
94,452 |
Cost of revenue |
(88,042) |
(174,362) |
(162,936) |
(26,261) |
(268,429) |
(464,438) |
(74,854) |
Gross profit |
27,145 |
36,776 |
41,739 |
6,727 |
88,558 |
121,595 |
19,598 |
|
|
|
|
|
|
|
|
Research and development expenses |
(9,441) |
(8,866) |
(8,042) |
(1,296) |
(29,525) |
(25,943) |
(4,181) |
Sales and marketing expenses |
(8,475) |
(10,698) |
(10,329) |
(1,665) |
(26,357) |
(31,219) |
(5,032) |
General and administrative expenses |
(14,378) |
(15,494) |
(14,408) |
(2,322) |
(43,909) |
(46,966) |
(7,570) |
Other income and expense |
3,963 |
(139) |
603 |
97 |
3,973 |
1,481 |
239 |
Total operating expenses |
(28,331) |
(35,197) |
(32,176) |
(5,186) |
(95,818) |
(102,647) |
(16,544) |
(Loss) profit from operations |
(1,186) |
1,579 |
9,563 |
1,541 |
(7,260) |
18,948 |
3,054 |
|
|
|
|
|
|
|
|
Other gains and losses |
4,559 |
7,965 |
4,797 |
773 |
11,572 |
18,081 |
2,914 |
Impairment loss on investments in
associates |
-- |
(1,908) |
-- |
-- |
(727) |
(2,673) |
(431) |
Impairment of available-for-sale
investments |
-- |
-- |
-- |
-- |
(800) |
-- |
-- |
Share of results of associates |
1,838 |
1,679 |
6,779 |
1,093 |
3,390 |
8,170 |
1,317 |
Gain on disposal of an associate |
-- |
1,000 |
-- |
-- |
-- |
57,351 |
9,243 |
Profit before tax |
5,211 |
10,315 |
21,139 |
3,407 |
6,175 |
99,877 |
16,097 |
Income tax (benefit) expenses |
(404) |
4,271 |
(360) |
(59) |
(6,147) |
(1,156) |
(186) |
Profit for the period |
4,807 |
14,586 |
20,779 |
3,348 |
28 |
98,721 |
15,911 |
|
|
|
|
|
|
|
|
Total comprehensive profit for the
period |
4,807 |
14,586 |
20,779 |
3,348 |
28 |
98,721 |
15,911 |
|
|
|
|
|
|
|
|
Profit and total comprehensive income
attributable to: |
|
|
|
|
|
|
|
- Owners of the Company |
4,879 |
14,218 |
21,123 |
3,403 |
486 |
99,008 |
15,957 |
- Non-controlling interests |
(72) |
368 |
(344) |
(55) |
(458) |
(287) |
(46) |
|
4,807 |
14,586 |
20,779 |
3,348 |
28 |
98,721 |
15,911 |
|
|
|
|
|
|
|
|
Earnings per common share |
|
|
|
|
|
|
|
Basic |
0.02 |
0.06 |
0.09 |
0.02 |
0.00 |
0.42 |
0.07 |
Diluted |
0.02 |
0.06 |
0.09 |
0.02 |
0.00 |
0.42 |
0.07 |
|
|
|
|
|
|
|
|
Weight average number of ADS |
|
|
|
|
|
|
|
Basic |
29,597,975 |
29,360,879 |
27,749,946 |
|
29,888,515 |
28,951,179 |
|
Diluted |
29,749,796 |
29,505,205 |
27,854,242 |
|
29,932,056 |
29,084,667 |
|
|
|
|
|
|
|
|
|
Weight average number of shares |
|
|
|
|
|
|
|
Basic |
236,783,802 |
234,887,032 |
221,999,567 |
|
239,108,117 |
231,609,428 |
|
Diluted |
237,998,367 |
236,041,638 |
222,833,933 |
|
239,456,446 |
232,677,337 |
|
|
|
|
|
|
|
|
|
Unaudited
Reconciliations of non-IFRS financial measures |
to comparable IFRS
financial measures |
|
|
For the three months ended |
For the nine months ended |
|
December 31, |
September 30, |
December 31, |
December 31, |
December 31, |
December 31, |
December 31, |
|
2013 |
2014 |
2014 |
2014 |
2013 |
2014 |
2014 |
In thousands |
(RMB) |
(RMB) |
(RMB) |
(US$) |
(RMB) |
(RMB) |
(US$) |
(Except for share and per share data) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
IFRS cost of revenue |
(88,042) |
(174,362) |
(162,936) |
(26,261) |
(268,429) |
(464,438) |
(74,854) |
Less: share-based compensation expenses |
306 |
89 |
(1) |
(0) |
593 |
186 |
30 |
Non-IFRS cost of revenue |
(87,736) |
(174,273) |
(162,937) |
(26,261) |
(267,836) |
(464,252) |
(74,824) |
|
|
|
|
|
|
|
|
IFRS gross profit |
27,145 |
36,776 |
41,739 |
6,727 |
88,558 |
121,595 |
19,598 |
Add: share-based compensation expenses |
306 |
89 |
(1) |
(0) |
593 |
186 |
30 |
Non-IFRS gross profit |
27,451 |
36,865 |
41,738 |
6,727 |
89,151 |
121,781 |
19,628 |
|
|
|
|
|
|
|
|
Total IFRS operating expenses |
(28,331) |
(35,197) |
(32,176) |
(5,186) |
(95,818) |
(102,647) |
(16,544) |
Less: share-based compensation expenses |
2,890 |
1,826 |
(609) |
(98) |
12,634 |
3,852 |
621 |
Total non-IFRS operating expenses |
(25,441) |
(33,371) |
(32,785) |
(5,284) |
(83,184) |
(98,795) |
(15,923) |
|
|
|
|
|
|
|
|
IFRS (loss) profit from operations |
(1,186) |
1,579 |
9,563 |
1,541 |
(7,260) |
18,948 |
3,054 |
Add: share-based compensation expenses |
3,196 |
1,915 |
(610) |
(98) |
13,227 |
4,038 |
651 |
Non-IFRS profit from operations |
2,010 |
3,494 |
8,953 |
1,443 |
5,967 |
22,986 |
3,705 |
|
|
|
|
|
|
|
|
IFRS net profit for the period |
4,807 |
14,586 |
20,779 |
3,348 |
28 |
98,721 |
15,911 |
Add: share-based compensation expenses |
3,196 |
1,915 |
(610) |
(98) |
13,227 |
4,038 |
651 |
Non-IFRS net profit for the period |
8,003 |
16,501 |
20,169 |
3,250 |
13,255 |
102,759 |
16,562 |
|
|
|
|
|
|
|
|
Non-IFRS earnings per common share |
|
|
|
|
|
|
|
Basic |
0.03 |
0.07 |
0.09 |
0.01 |
0.06 |
0.44 |
0.07 |
Diluted |
0.03 |
0.07 |
0.09 |
0.01 |
0.06 |
0.44 |
0.07 |
|
|
|
|
|
|
|
|
Weight average number of shares |
|
|
|
|
|
|
|
Basic |
236,783,802 |
234,887,032 |
221,999,567 |
|
239,108,117 |
231,609,428 |
|
Diluted |
237,998,367 |
236,041,638 |
222,833,933 |
|
239,456,446 |
232,677,337 |
|
|
|
|
|
|
|
|
|
Sky-mobi
Limited |
Unaudited Consolidated
Statements of Financial Position (IFRS) |
|
|
As of |
As of |
|
September 30, |
December 31, |
December 31, |
|
2014 |
2014 |
In thousands |
(RMB) |
(RMB) |
(US$) |
|
|
|
|
ASSETS |
|
|
|
Current assets |
|
|
|
Cash and cash equivalents |
249,036 |
204,967 |
33,035 |
Term deposits |
332,828 |
282,383 |
45,512 |
Investment at fair value through profit or
loss |
16,094 |
21,373 |
3,445 |
Trade and other receivables |
184,771 |
234,962 |
37,868 |
Amounts due from related parties |
3,535 |
5,524 |
890 |
Total current assets |
786,264 |
749,209 |
120,750 |
|
|
|
|
Non-current assets |
|
|
|
Property and equipment |
8,502 |
8,886 |
1,432 |
Investments in associates |
47,570 |
55,748 |
8,985 |
Investments in funds |
34,053 |
58,916 |
9,496 |
Available-for-sale investments |
50 |
50 |
8 |
Other non-current assets |
2,983 |
2,512 |
405 |
Deferred tax assets |
1,968 |
2,746 |
443 |
Total non-current assets |
95,126 |
128,858 |
20,769 |
|
|
|
|
Total assets |
881,390 |
878,067 |
141,519 |
|
|
|
|
EQUITY AND LIABILITIES |
|
|
|
Current liabilities |
|
|
|
Trade and other payables |
210,346 |
232,747 |
37,514 |
Income tax liabilities |
5,891 |
7,029 |
1,133 |
Amounts due to related parties |
73,481 |
26,968 |
4,346 |
Deferred revenue |
4,434 |
3,767 |
607 |
Total current liabilities |
294,152 |
270,511 |
43,600 |
|
|
|
|
Total liabilities |
294,152 |
270,511 |
43,600 |
|
|
|
|
Equity |
|
|
|
Share capital |
81 |
81 |
13 |
Share premium |
597,221 |
600,147 |
96,726 |
Reserves |
156,289 |
152,902 |
24,643 |
Deficit |
(170,776) |
(149,653) |
(24,120) |
Equity attributable to owners of the
Company |
582,815 |
603,477 |
97,262 |
Non-controlling interests |
4,423 |
4,079 |
657 |
Total equity |
587,238 |
607,556 |
97,919 |
|
|
|
|
Total equity and liabilities |
881,390 |
878,067 |
141,519 |
CONTACT: Investor Relations Contact:
ICR, Inc.
Chenjiazi Zhong
Phone: + (1) (646) -915-1615 (US)
Email: investor.relations@sky-mobi.com
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