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Public company info - Digital Hollywood Interactive Limited , 02022.HK
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Digital Hollywood Interactive Limited, 02022.HK - Company Profile
Chairman LU Yuanfeng
Share Issued (share) 2,000,000,000
Par Currency U.S. Dollar
Par Value 0.001
Industry E-Commerce & Internet Services
Corporate Profile Business Summary: the Group is principally engaged in the development, operations and publishing of web-based games and mobile games business (“Game Business”) in North America, Europe, The People’s Republic of China (the “PRC”) and other regions. Performance for the year: For FY2019, revenue of the Group amounted to approximately US$17.9 million, representing a decrease of approximately US$6.3 million or 26.0% as compared with approximately US$24.2 million for FY2018. For FY2019, cost of revenue of the Group amounted to approximately US$9.5 million, representing a decrease of approximately US$1.3 million or 12.0% as compared with approximately US$10.8 million for FY2018. For FY2019, loss attributable to owners of the Company amounted to approximately US$5.8 million, as compared to profit attributable to owners of the Company of approximately US$0.9 million for FY2018. Business Review The competition in the game industry remained intense for FY2019. Due to changes in the Chinese game market and regulatory environment, the supply of game products from China complying with relevant laws and regulations and available to the Group for release in the overseas markets decreased dramatically, which limited the number of the Group’s new game releases in the overseas markets and in turn imposed an adverse effect on the Group’s financial performance. Revenue of the Group decreased by 26.0% from approximately US$24.2 million for FY2018 to approximately US$17.9 million for FY2019. Loss attributable to owners of the Company for FY2019 amounted to approximately US$5.8 million, as compared to profit attributable to owners of the Company of approximately US$0.9 million recorded in 2018. Non-IFRS adjusted loss attributable to owners of the Company for FY2019 amounted to approximately US$4.2 million, as compared to non-IFRS adjusted profit attributable to owners of the Company of approximately US$3.6 million recorded in 2018. Although facing a less favourable economic environment, the Group was still able to actively improve the operating standards of its game products, and thus maintained a steady improvement in its product operating indicators. The group’s ARPPU increased by 12.5% from US$32.0 for FY2018 to US$36.0 for FY2019. In the face of a complex and changing market environment in 2019, the Group insisted on taking the advantage of global distribution. The Group partnered with developers which could develop semi-competitive cross-platform HTML5 games and launched Eternal Fury 2 (a massively multiple online role-play game) of different languages versions in 2019. The Group aimed to consistently increase resource input and optimize the precision in publishing, strive to be a leading publisher, both domestically and globally, in HTML5 cross-platform games. Prospects: Looking forward, the Group will continue to innovate and improve the layout of HTML5 games and take advantage of The group’s global distribution network. The doomsday strategy HTML5 game Survivor Legacy has completed its beta test and is ready to release in 2020. The Group will deepen The group’s involvement in the HTML5 game distribution markets and cooperate closely with The group’s outstanding business partners in research and development, distribution and promotion in the global HTML5 field, to vigorously enlarge the market shares in emerging markets for HTML5 games and further strengthen The group’s leading position in overseas distribution. While the Company has a steady development in business of browser games and mobile games, the Company will enhance the layout of HTML5 games and expand the global HTML5 game distribution platform. Under this trend of development, the Company is expected to further deepen the diversified development of its game products. Since the COVID-19 Outbreak in early 2020, a series of precautionary and control measures have been and continued to be implemented across China and other countries in the world. As at the date of this report, the Board was not aware of any material adverse effects on the financial statements as a result of the COVID-19 Outbreak. To shoulder The group’s social responsibilities and offer humanitarian support, the Group has promptly launched an assistance scheme in response to the COVID-19 Outbreak. Under this scheme, the Group has mobilised its global subsidiaries to procure medical masks, protective gowns and other medical supplies and has donated the same to front-line medical professionals and institutions in China. The Group has been closely monitoring the development of the COVID-19 Outbreak and will continue to evaluate its impact on the financial position and operating results of the Group from time to time.

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