2017 Interim Report

IGG experienced a period of exceptional financial expansion during the first half of 2017, characterized by a 117% year-over-year revenue increase to US$273.5 million and a 205% surge in net profit to US$76.2 million. This growth was primarily fueled by the mobile title Lords Mobile, which accounted for 69% of total revenue. Reflecting this strong performance and a robust liquidity position featuring US$237.3 million in cash with no bank debt, the company declared significant interim and special dividends for shareholders.

The company maintains a focus on long-term stability through rigorous corporate governance and the strategic use of share option and award schemes to incentivize personnel. As of June 30, 2017, substantial volumes of options remained outstanding under various Pre-IPO and Post-IPO schemes. Furthermore, the company continues to manage its presence in the People’s Republic of China through Structured Contracts. While potential regulatory shifts regarding the Foreign Investment Law remain a point of monitoring, management asserts that any forced unwinding of these arrangements would not result in a material adverse impact on its operational or financial health.

Looking toward future reporting, the company is actively assessing the implications of upcoming International Financial Reporting Standards, specifically IFRS 9, 15, and 16. While these standards—particularly those concerning revenue recognition and lease accounting—are expected to influence future financial statements and balance sheet presentations, they did not materially affect the financial position for the 2017 interim period. The company remains committed to transparency and compliance as it navigates these evolving accounting and regulatory landscapes.