Sky-mobi Limited ("Sky-mobi" or the "Company") (Nasdaq:MOBI),
a leading mobile application platform and game publisher
in China, today announced its unaudited financial results for
the fourth quarter and fiscal year ended December 31, 2015.
Fourth
Quarter 2015 Highlights
- Total revenue was RMB98.1 million (US$15.1 million) in the
fourth quarter of 2015, compared to RMB204.7 million during the
same period last year and RMB113.3 million in the third quarter of
2015;
- Revenue from the smartphone business was RMB96.6 million
(US$15.0 million) in the fourth quarter of 2015, or 98.5% of total
revenue, compared to RMB181.6 million, or 88.7% of total revenue
during the same period last year.
Fiscal Year 2015 Highlights
- Total revenue decreased by 14.8% to RMB608.5
million (US$94.0 million) from RMB714.6 million in
the twelve-month period ended December 31, 2014.
- Revenue from smartphone business remained flat at RMB579.8
million (US$89.5 million), or 95.3% of total revenue,
from RMB580.3 million, or 81.2% of total revenue in the
twelve-month period ended December 31, 2014.
Mr. Michael Tao Song, chairman and chief
executive officer of Sky-mobi, commented, “I am pleased to
report our return to profitability at the operating level despite a
challenging and constantly changing business environment. I believe
these results demonstrate the flexibility and effectiveness of our
strategy to lower our cost base, increase gross margins and
implement a more focused game publishing strategy. We continued to
implement cost control measures during the quarter that have
resulted in a leaner and more efficient management structure and
provided us with the flexibility needed to navigate the challenging
operating environment we still find ourselves in. We have made
substantial progress in strengthening our game publishing business
by implementing a more focused approach that concentrates on
publishing a fewer number of high-quality foreign casual games. For
instance, Starlit Adventure, a game we published last quarter, was
again featured by Apple on the App Store in China for the second
quarter in a row. We will continue to focus on strengthening our
game publishing business going forward. To further diversify our
business, we have invested in a number of companies and investment
funds in the broader internet space over the past few years. These
investments add value by strengthening our financial performance.
We realized RMB6.0 million in gains from the sale of our equity
interest in one investment during the quarter. We will continue to
monitor the operating environment as it evolves and adjust our
strategy in a cautious and focused manner as needed.”
Mr. Fischer Xiaodong Chen, chief financial
officer of Sky-mobi, added, “Our operating environment remains
challenging given the tightened payment security measures
implemented by China’s three mobile carriers. It remains unclear
when these policies and measures will be relaxed or lifted. To
mitigate the impact of the mobile carriers’ tightening measures, we
have been working to gradually increase the proportion of revenues
settled through third-party payment platforms. Due to intense
competition in China’s gaming market we have strategically shifted
the focus of our game publishing business towards publishing a
fewer number of high-quality foreign casual games. We will continue
to fine-tune our strategy as we chart a new course through this
challenging environment, maintain the scale of our monetization
initiatives and preserve our gross margins.”
Fourth Quarter 2015 Financial
Results
Total Revenue
Total revenue was RMB98.1 million (US$15.1
million), compared to RMB113.3 million in the previous
quarter and RMB204.7 million during the same period last
year. The sequential decrease was mainly attributable to (1) the
continued tightening of policies by the three mobile carriers and
(2) a traditionally strong third quarter of 2015 which includes
China’s summer holidays.
Revenue from the smartphone business
was RMB96.6 million (US$15.0 million), or 98.5% of total
revenue, compared to RMB108.9 million in the previous
quarter, or 96.1% of total revenue, and RMB181.6
million during the same period last year, or 88.7% of total
revenue. The decreases were primarily due to the continued
tightening of policies by the three mobile carriers.
Revenue can be further broken down into three
categories: “revenue from single-player games”, “revenue from
multiplayer games” and “other revenue”. Revenue from
single-player games was RMB79.1 million (US$12.2
million), compared to RMB84.3 million in the previous
quarter and RMB156.3 million during the same period last year.
ARPU1 for single-player games was RMB10.3, compared
to RMB8.7 in the previous quarter. The increase in ARPU
was in line with the increase in gross profit.
Revenue from multiplayer games was RMB12.7
million (US$2.0 million), compared to RMB15.0 million in
the previous quarter and RMB23.3 million during the same
period last year. ARPU for multiplayer games was RMB173.6, compared
to RMB162.4 in the previous quarter.
Other revenue was RMB6.4
million (US$1.0 million), compared to RMB13.9
million in the previous quarter and RMB25.1
million during the same period last year.
Cost of
Revenue and Gross
Profit
Total cost of revenue was RMB74.7
million (US$11.5 million), compared to RMB94.8
million in the previous quarter and RMB162.9
million during the same period last year.
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 was RMB74.8
million (US$11.6 million), compared to RMB94.8
million in the previous quarter and RMB162.9 million
during the same period last year. Non-IFRS cost of revenue was
composed of non-IFRS cost associated with payments to industry
participants and non-IFRS direct cost as further discussed
below.
Non-IFRS cost associated with payments to
industry participants was RMB72.9 million (US$11.3
million), compared to RMB90.1 million in the previous
quarter and RMB155.3 million in the prior year period.
The decrease was primarily due to decreased payment channel costs,
which was in line with the decrease in the Company's total
revenue.
Non-IFRS direct cost was RMB1.9
million (US$0.3 million), compared to RMB4.5
million in the previous quarter and RMB7.6
million in the prior year period. Non-IFRS direct cost
included salaries and benefits, depreciation, office expenses and
utilities directly related to our operations. The decrease in
non-IFRS direct cost was due to decreased employee-related expenses
as a result of the Company's headcount restructuring to achieve
greater efficiency.
Non-IFRS gross profit was RMB23.3
million (US$3.6 million), compared to RMB18.6
million in the previous quarter and RMB41.7
million during the same period last year. Non-IFRS gross
margin was 23.8%, compared to 16.4% in the previous quarter and
20.4% during the same period last year. The sequential increase in
non-IFRS gross margin was primarily due to Company’s efforts to
strengthen revenue sharing arrangements with game developers.
Operating Expenses and Profit/Loss from
Operations
Total operating expenses, primarily consisting
of employee salaries and benefits, training expenses, travel,
entertainment and office related expenses, were RMB18.6
million (US$2.9 million), compared to RMB26.2
million in the previous quarter and RMB32.2
million during the same period last year.
Total non-IFRS operating expenses
were RMB17.5 million (US$2.7 million), compared
to RMB23.9 million in the previous quarter
and RMB32.8 million during the same period last year. The
decrease in total non-IFRS operating expenses was mainly due to the
combined effects of the following factors: (1) lower employee costs
as a result of the Company’s streamlining of its organizational
structure; (2) lower marketing expenses as a result of strengthened
cost cutting measures; (3) no ADS reimbursement during the fourth
quarter of 2015; and (4) a government subsidy of approximately
RMB1.7 million.
Profit from operations was RMB4.9
million (US$0.8 million), compared to loss from operations
of RMB7.8 million in the previous quarter and profit from
operations of RMB9.6 million during the same period last
year. Despite decreased revenue, the Company returned to
profitability at the operating level with higher gross margins and
lower operating expenses.
Non-IFRS profit from operations was RMB5.8
million (US$0.9 million), compared to loss from operations
of RMB5.4 million in the previous quarter and profit from
operations of RMB9.0 million during the same period last
year.
Net Profit/Loss
In the fourth quarter of 2015, there was a gain
on disposal of associates of RMB9.0 million (US$1.4
million), compared to RMB6.6 million in the previous
quarter and nil in the prior year period. This was mainly due to
the Company's partial disposal of its investment in a game
developer. Share of results of associates was RMB2.2 million
(US$0.3million), compared to RMB7.1 million in the
previous quarter and RMB6.8 million in the prior year
period.
Net profit was RMB21.6 million (US$3.3 million),
compared to net profit of RMB13.7 million in the previous
quarter and net profit of RMB20.8 million in the prior
year period. The Company achieved net profit in the fourth quarter
mainly due to lower operating expenses which include decreased
labor costs, the abovementioned gain on disposal of associates and
share of results of associates, as well as a foreign exchange gain
of RMB2.6 million and other non-operating subsidy income
of RMB1.7 million in the fourth quarter of 2015. Basic
and diluted profit per common share were RMB0.09 (US$0.01)
and RMB0.09 (US$0.01), respectively, which represents the
equivalent of RMB0.75 (US$0.12)
and RMB0.75 (US$0.12) per ADS, respectively.
Non-IFRS net profit was RMB22.6
million (US$3.5 million), compared to net profit
of RMB16.1 million in the previous quarter and net profit
of RMB20.2 million in the prior year period. Non-IFRS
basic and diluted profit per common share
were RMB0.10 (US$0.02) and RMB0.10 (US$0.02),
respectively, which represents the equivalent
of RMB0.80 (US$0.12) and RMB0.80 (US$0.12) per
ADS, respectively.
The weighted average number of ADSs used to
calculate basic and diluted profit per ADS for the fourth quarter
of 2015 was 28,114,638.75 and 28,130,355.94, respectively.
Common Shares
Sky-mobi had approximately 224.9 million common
shares outstanding as of December 31, 2015, or the equivalent
of approximately 28.1 million ADSs outstanding.
Other Operating Data
|
For the three months ended |
|
September 30, 2015 |
December 31, 2015 |
|
|
|
Maopao
Platform |
|
|
Average MAU2 (in thousands) |
36,574 |
34,722 |
|
|
|
Single-player
games |
|
|
Average ARPU (RMB) |
8.7 |
10.3 |
|
|
|
Multiplayer
games |
|
|
Average ARPU (RMB) |
162.4 |
173.6 |
Business Outlook
Beginning in the second quarter of 2015, China’s
three mobile carriers (China Mobile, China Unicom and China
Telecom) implemented various measures designed to enhance security
of their payment systems. These measures include suspending certain
billing and payment channels and introducing additional mandatory
payment verification steps to the payment process. These measures
have discouraged mobile subscribers from purchasing content from
mobile application providers including Sky-mobi, resulting in
revenue loss for the Company. With these measures expected to
continue throughout most of 2016, the Company expects China's
overall mobile gaming industry, and in particular, its Android
casual gaming segment, to continue to be negatively impacted.
Sky-mobi’s total revenue and net income for the first quarter of
2016, traditionally a much stronger quarter of the year due to the
Chinese New Year holidays, as compared to the fourth quarter of
2015, is also expected to be negatively affected by these
measures.
The Company is assessing and will continue to
assess the impact of these measures implemented by the three mobile
carriers and their implication on its business.
Conference Call and Webcast
The Company will hold a conference call on
Monday, February 29, 2016 at 8:00 am Eastern Time, or 9:00 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: |
#
58467109 |
The replay will be accessible through March 7,
2016 by dialing the following numbers:
United States Toll Free: |
+1-
855-452-5696 |
International: |
+61 2
90034211 |
Conference ID: |
#
58467109 |
A live and archived webcast of the conference
call will be available on the Company's investor relation 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/loss from operations, net profit/loss
and net profit/loss 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, loss on
disposal of subsidiary, 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 RMB 6.4778 to US$1.00, the exchange rate at December
31, 2015 as 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 and game publisher 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 also publishes domestic and
foreign game titles through its own Maopao App Store platform and
third party platforms. 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 “ARPU” stands for average revenue per paying user.
2 “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 MAUs 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 twelve months ended |
|
December 31, |
September 30, |
December 31, |
December 31, |
|
December 31, |
December 31, |
December 31, |
|
|
2014 |
|
|
2015 |
|
|
2015 |
|
|
2015 |
|
|
|
2014 |
|
|
2015 |
|
|
2015 |
|
In thousands |
(RMB) |
(RMB) |
(RMB) |
(US$) |
|
(RMB) |
(RMB) |
(US$) |
(Except for share and per share data) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenue |
|
204,675 |
|
|
113,263 |
|
|
98,129 |
|
|
15,149 |
|
|
|
714,597 |
|
|
608,542 |
|
|
93,943 |
|
Cost of revenue |
|
(162,936 |
) |
|
(94,837 |
) |
|
(74,681 |
) |
|
(11,529 |
) |
|
|
(560,444 |
) |
|
(485,342 |
) |
|
(74,924 |
) |
Gross profit |
|
41,739 |
|
|
18,426 |
|
|
23,448 |
|
|
3,620 |
|
|
|
154,153 |
|
|
123,200 |
|
|
19,019 |
|
|
|
|
|
|
|
|
|
|
Research and development expenses |
|
(8,042 |
) |
|
(8,691 |
) |
|
(4,232 |
) |
|
(653 |
) |
|
|
(35,062 |
) |
|
(37,887 |
) |
|
(5,849 |
) |
Sales and marketing expenses |
|
(10,329 |
) |
|
(8,673 |
) |
|
(3,889 |
) |
|
(600 |
) |
|
|
(41,213 |
) |
|
(42,027 |
) |
|
(6,488 |
) |
General and administrative expenses |
|
(14,408 |
) |
|
(12,555 |
) |
|
(13,444 |
) |
|
(2,075 |
) |
|
|
(61,458 |
) |
|
(63,684 |
) |
|
(9,831 |
) |
Other income and expense |
|
603 |
|
|
3,730 |
|
|
2,996 |
|
|
463 |
|
|
|
3,280 |
|
|
9,553 |
|
|
1,475 |
|
Total operating expenses |
|
(32,176 |
) |
|
(26,189 |
) |
|
(18,569 |
) |
|
(2,865 |
) |
|
|
(134,453 |
) |
|
(134,045 |
) |
|
(20,693 |
) |
Profit (loss) from operations |
|
9,563 |
|
|
(7,763 |
) |
|
4,879 |
|
|
755 |
|
|
|
19,700 |
|
|
(10,845 |
) |
|
(1,674 |
) |
|
|
|
|
|
|
|
|
|
Other gains and losses |
|
4,797 |
|
|
9,844 |
|
|
7,424 |
|
|
1,146 |
|
|
|
23,991 |
|
|
28,456 |
|
|
4,393 |
|
Impairment loss on investments in associates |
|
- |
|
|
(396 |
) |
|
- |
|
|
- |
|
|
|
(2,673 |
) |
|
(3,394 |
) |
|
(524 |
) |
Share of results of associates |
|
6,779 |
|
|
7,121 |
|
|
2,184 |
|
|
337 |
|
|
|
7,208 |
|
|
19,411 |
|
|
2,997 |
|
Gain on disposal of associates |
|
- |
|
|
6,621 |
|
|
8,998 |
|
|
1,389 |
|
|
|
57,351 |
|
|
16,116 |
|
|
2,488 |
|
Loss on disposal of subsidiary |
|
- |
|
|
(542 |
) |
|
- |
|
|
- |
|
|
|
- |
|
|
(542 |
) |
|
(84 |
) |
Profit before tax |
|
21,139 |
|
|
14,885 |
|
|
23,485 |
|
|
3,627 |
|
|
|
105,577 |
|
|
49,202 |
|
|
7,596 |
|
Income tax expenses |
|
(360 |
) |
|
(1,147 |
) |
|
(1,871 |
) |
|
(289 |
) |
|
|
(2,227 |
) |
|
(5,699 |
) |
|
(880 |
) |
Profit for the period |
|
20,779 |
|
|
13,738 |
|
|
21,614 |
|
|
3,338 |
|
|
|
103,350 |
|
|
43,503 |
|
|
6,716 |
|
|
|
|
|
|
|
|
|
|
Total comprehensive profit for the period |
|
20,779 |
|
|
13,738 |
|
|
21,614 |
|
|
3,338 |
|
|
|
103,350 |
|
|
43,503 |
|
|
6,716 |
|
|
|
|
|
|
|
|
|
|
Profit and total comprehensive income
attributable to: |
|
|
|
|
|
|
|
|
- Owners of the Company |
|
21,123 |
|
|
13,738 |
|
|
21,614 |
|
|
3,338 |
|
|
|
103,773 |
|
|
44,712 |
|
|
6,903 |
|
- Non-controlling interests |
|
(344 |
) |
|
- |
|
|
- |
|
|
- |
|
|
|
(423 |
) |
|
(1,209 |
) |
|
(187 |
) |
|
|
20,779 |
|
|
13,738 |
|
|
21,614 |
|
|
3,338 |
|
|
|
103,350 |
|
|
43,503 |
|
|
6,716 |
|
|
|
|
|
|
|
|
|
|
Earnings (loss) per common share |
|
|
|
|
|
|
|
|
Basic |
|
0.09 |
|
|
0.06 |
|
|
0.09 |
|
|
|
|
0.43 |
|
|
0.19 |
|
|
Diluted |
|
0.09 |
|
|
0.06 |
|
|
0.09 |
|
|
|
|
0.43 |
|
|
0.19 |
|
|
|
|
|
|
|
|
|
|
|
Weight average number of ADS |
|
|
|
|
|
|
|
|
Basic |
|
0.75 |
|
|
0.47 |
|
|
0.75 |
|
|
|
|
3.46 |
|
|
1.54 |
|
|
Diluted |
|
0.75 |
|
|
0.47 |
|
|
0.75 |
|
|
|
|
3.44 |
|
|
1.54 |
|
|
|
|
|
|
|
|
|
|
|
Weight average number of shares |
|
|
|
|
|
|
|
|
Basic |
|
221,999,567 |
|
|
224,834,263 |
|
|
224,917,110 |
|
|
|
|
235,697,090 |
|
|
224,051,684 |
|
|
Diluted |
|
222,833,933 |
|
|
225,123,691 |
|
|
225,042,848 |
|
|
|
|
237,037,295 |
|
|
224,433,619 |
|
|
Unaudited
Reconciliations of non-IFRS financial measures |
|
to
comparable IFRS financial measures |
|
|
|
|
|
|
For the three months ended |
For the twelve months ended |
|
|
December 31, |
September 30, |
December 31, |
December 31, |
|
December 31, |
December 31, |
December 31, |
|
|
|
2014 |
|
|
2015 |
|
|
2015 |
|
|
2015 |
|
|
|
2014 |
|
|
2015 |
|
|
2015 |
|
|
In thousands |
(RMB) |
(RMB) |
(RMB) |
(US$) |
|
(RMB) |
(RMB) |
(US$) |
|
(Except for share and per share data) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
IFRS cost of revenue |
|
(162,936 |
) |
|
(94,837 |
) |
|
(74,681 |
) |
|
(11,529 |
) |
|
|
(560,444 |
) |
|
(485,342 |
) |
|
(74,924 |
) |
|
Less: share-based compensation expenses |
|
(1 |
) |
|
155 |
|
|
(133 |
) |
|
(21 |
) |
|
|
429 |
|
|
527 |
|
|
81 |
|
|
Non-IFRS cost of revenue |
|
(162,937 |
) |
|
(94,682 |
) |
|
(74,814 |
) |
|
(11,550 |
) |
|
|
(560,015 |
) |
|
(485,815 |
) |
|
(74,843 |
) |
|
|
|
|
|
|
|
|
|
|
|
IFRS gross profit |
|
41,739 |
|
|
18,426 |
|
|
23,448 |
|
|
3,620 |
|
|
|
154,153 |
|
|
123,200 |
|
|
19,019 |
|
|
Add: share-based compensation expenses |
|
(1 |
) |
|
155 |
|
|
(133 |
) |
|
(21 |
) |
|
|
429 |
|
|
527 |
|
|
81 |
|
|
Non-IFRS gross profit |
|
41,738 |
|
|
18,581 |
|
|
23,315 |
|
|
3,599 |
|
|
|
154,582 |
|
|
123,727 |
|
|
19,100 |
|
|
|
|
|
|
|
|
|
|
|
|
Total IFRS operating expenses |
|
(32,176 |
) |
|
(26,189 |
) |
|
(18,569 |
) |
|
(2,865 |
) |
|
|
(134,453 |
) |
|
(134,045 |
) |
|
(20,693 |
) |
|
Less: share-based compensation expenses |
|
(609 |
) |
|
2,256 |
|
|
1,084 |
|
|
167 |
|
|
|
7,860 |
|
|
11,990 |
|
|
1,851 |
|
|
Total non-IFRS operating expenses |
|
(32,785 |
) |
|
(23,933 |
) |
|
(17,485 |
) |
|
(2,698 |
) |
|
|
(126,593 |
) |
|
(122,055 |
) |
|
(18,842 |
) |
|
|
|
|
|
|
|
|
|
|
|
IFRS profit (loss) from operations |
|
9,563 |
|
|
(7,763 |
) |
|
4,879 |
|
|
755 |
|
|
|
19,700 |
|
|
(10,845 |
) |
|
(1,674 |
) |
|
Add: share-based compensation expenses |
|
(610 |
) |
|
2,411 |
|
|
951 |
|
|
146 |
|
|
|
8,289 |
|
|
12,517 |
|
|
1,932 |
|
|
Non-IFRS profit (loss) from operations |
|
8,953 |
|
|
(5,352 |
) |
|
5,830 |
|
|
901 |
|
|
|
27,989 |
|
|
1,672 |
|
|
258 |
|
|
|
|
|
|
|
|
|
|
|
|
IFRS net profit for the period |
|
20,779 |
|
|
13,738 |
|
|
21,614 |
|
|
3,333 |
|
|
|
103,350 |
|
|
43,503 |
|
|
6,716 |
|
|
Add: share-based compensation expenses |
|
(610 |
) |
|
2,411 |
|
|
951 |
|
|
146 |
|
|
|
8,289 |
|
|
12,517 |
|
|
1,932 |
|
|
Non-IFRS net profit for the period |
|
20,169 |
|
|
16,149 |
|
|
22,565 |
|
|
3,479 |
|
|
|
111,639 |
|
|
56,020 |
|
|
8,648 |
|
|
|
|
|
|
|
|
|
|
|
|
Non-IFRS earnings per common share |
|
|
|
|
|
|
|
Basic |
|
0.09 |
|
|
0.07 |
|
|
0.10 |
|
|
0.46 |
|
0.25 |
|
|
|
Diluted |
|
0.09 |
|
|
0.07 |
|
|
0.10 |
|
|
0.45 |
|
0.25 |
|
|
|
|
|
|
|
|
|
|
|
|
Weight average number of shares |
|
|
|
|
|
|
|
|
Basic |
|
221,999,567 |
|
|
224,834,263 |
|
|
224,917,110 |
|
|
235,697,090 |
|
224,051,684 |
|
|
|
Diluted |
|
222,833,933 |
|
|
225,123,691 |
|
|
225,042,848 |
|
|
237,037,295 |
|
224,433,619 |
|
|
|
|
|
|
|
|
|
|
|
|
Sky-mobi
Limited |
Unaudited
Consolidated Statements of Financial Position (IFRS) |
|
|
|
|
|
|
|
|
|
|
As of |
|
As of |
As of |
|
|
|
September 30, |
|
December 31, |
December 31, |
|
|
|
|
2015 |
|
|
2015 |
|
2015 |
In thousands |
|
|
(RMB) |
|
(RMB) |
(US$) |
|
|
|
|
|
|
ASSETS |
|
|
|
|
|
|
Current assets |
|
|
|
|
|
|
Cash and cash equivalents |
|
|
80,526 |
|
|
|
337,952 |
|
|
52,171 |
|
Term deposits |
|
|
|
369,213 |
|
|
|
150,000 |
|
|
23,156 |
|
Investment at fair value through
profit or loss |
|
|
116,511 |
|
|
|
100,979 |
|
|
15,588 |
|
Trade and other receivables |
|
|
132,269 |
|
|
|
111,956 |
|
|
17,282 |
|
Amounts due from related parties |
|
|
3,720 |
|
|
|
4,304 |
|
|
664 |
|
Total current assets |
|
|
702,239 |
|
|
|
705,191 |
|
|
108,861 |
|
|
|
|
|
|
|
|
Non-current assets |
|
|
|
|
|
Property and equipment |
|
|
6,123 |
|
|
|
5,374 |
|
|
830 |
|
Investments in associates |
|
|
106,729 |
|
|
|
89,378 |
|
|
13,798 |
|
Investments in funds |
|
|
12,723 |
|
|
|
12,987 |
|
|
2,005 |
|
Available-for-sale investments |
|
|
50 |
|
|
|
22,722 |
|
|
3,508 |
|
Other non-current assets |
|
|
1,368 |
|
|
|
1,273 |
|
|
197 |
|
Deferred tax assets |
|
|
2,746 |
|
|
|
1,489 |
|
|
230 |
|
Total non-current assets |
|
|
129,739 |
|
|
|
133,223 |
|
|
20,568 |
|
|
|
|
|
|
|
|
Total assets |
|
|
|
831,978 |
|
|
|
838,414 |
|
|
129,429 |
|
|
|
|
|
|
|
|
EQUITY AND LIABILITIES |
|
|
|
|
|
Current liabilities |
|
|
|
|
|
Trade and other payables |
|
|
173,211 |
|
|
|
161,397 |
|
|
24,916 |
|
Income tax liabilities |
|
|
9,260 |
|
|
|
9,874 |
|
|
1,524 |
|
Amounts due to related parties |
|
|
9,702 |
|
|
|
4,742 |
|
|
732 |
|
Deferred revenue |
|
|
3,049 |
|
|
|
3,080 |
|
|
475 |
|
Total current liabilities |
|
|
195,222 |
|
|
|
179,093 |
|
|
27,647 |
|
|
|
|
|
|
|
|
Total liabilities |
|
|
|
195,222 |
|
|
|
179,093 |
|
|
27,647 |
|
|
|
|
|
|
|
|
Equity |
|
|
|
|
|
|
Share capital |
|
|
|
82 |
|
|
|
82 |
|
|
13 |
|
Share premium |
|
|
|
611,691 |
|
|
|
614,563 |
|
|
94,872 |
|
Reserves |
|
|
|
151,538 |
|
|
|
149,617 |
|
|
23,097 |
|
Deficit |
|
|
|
(126,555 |
) |
|
|
(104,941 |
) |
|
(16,200 |
) |
Equity attributable to owners of the Company |
|
|
|
636,756 |
|
|
|
659,321 |
|
|
101,782 |
|
Total equity |
|
|
|
636,756 |
|
|
|
659,321 |
|
|
101,782 |
|
|
|
|
|
|
|
|
|
|
|
|
Total equity and liabilities |
|
|
831,978 |
|
|
|
838,414 |
|
|
129,429 |
|
For investor and media inquiries please contact:
Christensen
In China
Mr. Christian Arnell
Phone: +86-10-5900-1548
E-mail: carnell@christensenir.com
In US
Ms. Linda Bergkamp
Phone: +1-480-614-3004
E-mail: lbergkamp@ChristensenIR.com
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