深圳市商祺企业管理咨询有限公司联合深圳报业集团读创客户端，独家发布《2024年深圳上市企业费效比数据排行榜》。 前 言 企业经营的本质，是让人的价值最大化，将成本最大限度地转化为资本。 "费效比" 指标是衡量管理效率的重要工具，含义是"每元人工成本带来的利润"，即组织人工成本支付的有效性。这把标尺，也正是价值转化的核心仪表 盘。 本榜单精心选择了深圳549家上市公司，通过年报中发布的各项数据进行梳理，得出客观结论。 平安银行以2.33费效比证明：降本与增效可共存； 腾讯控股以102万高薪撬动近600万人均产出：证明顶尖人才是回报最高的资产； 比亚迪用96万员工筑起成本护城河：规模与效率并非悖论。 本榜单通过费效比等核心人效指标，为企业提供可对标的数据洞察，赋能高质量发展。 | | | | | | | | (单位:亿元) | | --- | --- | --- | --- | --- | --- | --- | --- | | | 企业数量 | 总营业额 | 平均 | 总净利润 | 平凉 | 人工 | 平均人工 | | | | | 营业额 | | 净利润 | 总成本 | 总成本 | | A股上市 रू ना | ...

Revenue and Profitability - Revenue for the first quarter ended March 31, 2025, was HKD 111,892,000, a decrease of 6.4% compared to HKD 119,570,000 in the same period last year[3] - Gross profit for the first quarter was HKD 77,464,000, down 8.8% from HKD 84,962,000 year-over-year[3] - The company reported a net loss attributable to shareholders of HKD 223,561,000, compared to a profit of HKD 387,592,000 in the same period last year[3] - Revenue for Q1 2025 was approximately HKD 111.9 million, a decrease of about 6.4% year-over-year, attributed to market factors and seasonal operational impacts[11] - The adjusted profit for Q1 2025, excluding non-operating factors, decreased by approximately 38.9% year-over-year due to a slight decline in revenue and reduced interest income from bank deposits[6] - The company reported a basic loss per share of HKD (33.33) compared to a profit of HKD 58.72 in the same period last year[41] - The total comprehensive loss for the period was HK$197,630,000, compared to a loss of HK$223,561,000 in the previous period, indicating an improvement of 11.6%[44] User Metrics - The number of paying users increased to 227,000, up 2.7% from 221,000 in the previous quarter[4] - Daily active users reached 1,246,000, an increase of 8.7% year-over-year[4] - Monthly active users grew to 4,389,000, reflecting a 5.5% increase compared to the same period last year[4] - The number of paying players increased by 12.9% from approximately 200,000 in Q4 2024 to approximately 230,000 in Q1 2025, while daily active users rose by 3.7% to approximately 1.25 million[8] Expenses and Costs - The company's gross profit for Q1 2025 was approximately HKD 77.5 million, down 8.8% from approximately HKD 85.0 million in the same period last year, resulting in a gross margin of 69.2%[15] - Sales and marketing expenses for the three months ended March 31, 2025, were approximately HKD 14.7 million, an increase of 82.2% compared to approximately HKD 8.1 million for the same period in 2024, primarily due to increased investment in new games[16] - Administrative expenses for the three months ended March 31, 2025, were approximately HKD 34.8 million, a year-on-year increase of 17.2% from approximately HKD 29.7 million in the same period of 2024, mainly due to higher employee compensation and benefits[17] - Research and development expenses amounted to HKD 16,039,000 for the three months ended March 31, 2025, down from HKD 18,070,000 in the previous year, representing a decrease of approximately 11.3%[67] Digital Assets and Cryptocurrency - Bitcoin growth rate was reported at 2.4%, significantly lower than the previous year's 65,324%[3] - Other sources of revenue increased by 63.3% to HKD 2,608,000, primarily from digital asset appreciation[3] - In Q1 2025, the company recorded an adjusted loss of approximately HKD 213 million, compared to an adjusted profit of approximately HKD 388 million in Q1 2024, primarily due to a decline in Bitcoin prices affecting the fair value of digital assets[6] - The fair value of digital assets as of March 31, 2025, was approximately HKD 2,334.0 million, down from HKD 2,548.6 million as of December 31, 2024, reflecting an unrealized fair value loss of approximately HKD 315.6 million[27] - The company holds approximately 3,351 Bitcoins with an average cost of $58,628 per Bitcoin as of March 31, 2025[27] - The company has authorized a total of up to $100 million for cryptocurrency purchases, with approximately $45 million allocated for Bitcoin and Ether, and up to $10 million for USDT and USDC[26] Financial Position - Total assets as of March 31, 2025, were HKD 2,949,405,000, a decrease from HKD 3,200,316,000 as of December 31, 2024[42] - Total liabilities decreased to HKD 477,463,000 from HKD 540,836,000 in the previous quarter[43] - Net current assets were HKD 2,126,353,000, down from HKD 2,421,190,000 in the previous quarter[43] - The company’s cash and cash equivalents decreased to HKD 58,439,000 from HKD 138,656,000 in the previous quarter[42] Segment Performance - The mobile gaming segment generated revenue of HKD 109,284, while the Web3 segment contributed HKD 2,608 for the three months ended March 31, 2025[57] - The company recorded a segment profit of HKD 35,899 from mobile gaming, but a significant loss of HKD 318,570 from the Web3 segment, resulting in a total segment loss of HKD 282,671[55] Shareholder Information - The company has not declared an interim dividend for the three months ended March 31, 2025, consistent with the previous year[68] - The company repurchased 3,445,000 shares at a total cost of HKD 5,636,330, with an average price of HKD 1.63 per share, all of which were subsequently cancelled[75] - The total number of stock options available for exercise as of March 31, 2024, was 4,872,429, unchanged from the previous period[78] Compliance and Reporting - The company has not yet applied new and revised International Financial Reporting Standards that have been issued but are not yet effective, and is currently assessing their potential impact[51] - The board approved the financial statements on May 29, 2025, emphasizing that the financial data is based on unaudited management accounts[89]

资料显示，博雅互动国际有限公司("博雅互动"或"公司"),于2004年由张伟先生通过成立深圳市东方博雅 科技有限公司而创立,并于2013年11月12日在香港联交所成功上市。目前博雅互动已发展成为中国领先 的棋牌类游戏开发商和运营商。 博雅互动以专注的精神和独特的创意设计能力,通过自主研发和多平台 精细化运营,先后打造了30多款网络游戏,其中大部分是以长久经典棋牌类游戏为基础的棋牌类游戏,如博 雅德州扑克、博雅斗地主、博雅锄大地、博雅中国象棋及博雅中国麻将等多款益智类棋牌游戏。在有游 戏于苹果公司APP Store上架的中国网络游戏公司中,博雅互动拥有最大的移动棋牌类游戏组合。博雅互 动亦提供休闲游戏,如博雅台球、博雅中国象棋等等。 近年来,博雅互动在中国及海外市场稳步快速增长, 目前已拥有超过5.3亿累计注册玩家,分布在100多个国家和地区。博雅互动拥有强大的游戏本地化能力, 能够使用本地语言重新包装游戏,改进游戏特色迎合本地文化及市场需求。例如,博雅互动旗下最受欢迎 的游戏——博雅德州扑克,就有21种语言版本。 完善的技术基础设施、数据分析和尽责的客户服务,令博 雅互动能持续完善游戏,提供超凡的玩家体验和打 ...

在期权市场方面，投资者已提前押注比特币将进一步上涨。其中，6月27日到期的11万美元、12万美元 甚至30万美元的看涨期权已成为最热门的合约。根据Amberdata的数据，过去24小时，行权价超过11万 美元的短期看涨期权需求激增。 比特币价格近日突破111,000美元大关，创下历史新高，市场对加密货币的看涨情绪持续升温。 伴随特朗普政府对加密货币的支持态度明确化，以及机构资金大举涌入，比特币再次成为全球投资者关 注的焦点。 智通财经APP获悉，随着美国稳定币立法取得进展，比特币一度飙升至历史新高，反映出市场对特朗普 政府可能带来更明确加密监管政策的强烈预期。 长期以来，比特币在部分投资者眼中被视为"避险资产"。尤其是在特朗普时期引发的贸易关税风波后。 如今，在美国国会预算谈判僵局加剧赤字支出焦虑的背景下，比特币的避险地位再次受到追捧。 推动比特币上涨的另一大动力是企业级买盘不断增强。Michael Saylor旗下Strategy(MSTR.US)公司带动 了一波"企业储备买币潮"，该公司目前已累计购买价值超过500亿美元的比特币。 比特币相关概念港股： 博雅互动(00434)：博雅互动发布盈警，预期截至2 ...

港股手游股持续走强，中手游(00302.HK)涨超15%，博雅互动(00434.HK)涨超12%，哔哩哔哩 (09626.HK)、心动公司(02400.HK)等跟涨。 ...

比特币重上10万美元，港股比特币概念股造好，欧科云链(01499)涨超13%，雄岸科技(01647.HK)涨超 6%，博雅互动(00434.HK)涨6%。 ...

Financial Performance - The company recorded total revenue of approximately RMB 4.569 billion for the fiscal year 2024, representing an increase of about 15.8% compared to the same period in 2023[9]. - The adjusted net profit for the fiscal year 2024 was approximately RMB 8.863 billion, a significant increase of about 645.2% year-on-year, primarily due to the appreciation of cryptocurrency assets and increased revenue[9]. - For the fiscal year ending December 31, 2024, the company reported revenue of approximately RMB 456.9 million, a year-on-year increase of about 15.8% compared to RMB 394.6 million in 2023[18]. - The company achieved a net profit of approximately RMB 886.3 million for the fiscal year 2024, representing a significant year-on-year increase of about 645.2% from RMB 117.2 million in 2023[19]. - The company's gross profit increased by approximately 22.4% from RMB 271.3 million for the year ending December 31, 2023, to approximately RMB 332.1 million for the year ending December 31, 2024, primarily due to higher digital asset appreciation income[33]. - The gross margin for the year ending December 31, 2024, is approximately 72.7%, compared to 68.8% for the year ending December 31, 2023[33]. - The company's adjusted net profit for Q4 2024 was approximately RMB 670.0 million, a year-on-year increase of about 2,002.6% compared to Q4 2023[19]. - The company recorded a revenue of approximately RMB 138.7 million in Q4 2024, a year-on-year increase of about 38.3% compared to Q4 2023[18]. Digital Assets and Cryptocurrency - The company held approximately 3,351 Bitcoins with an average cost of about $58,628 per Bitcoin, and approximately 295 Ether with an average cost of about $1,661 per Ether as of the report date[8]. - The company achieved a fair value gain of approximately RMB 860 million from digital assets during the fiscal year 2024[9]. - The company aims to expand its Bitcoin reserves and remains optimistic about the long-term value of Bitcoin, considering financing options such as share placements and bond issuance[13]. - The company plans to continue expanding its Bitcoin reserves, reflecting a long-term optimistic view on the cryptocurrency market[17]. - The company received shareholder approval for an additional USD 100 million cryptocurrency purchase authorization, totaling USD 200 million[23]. - As of December 31, 2024, the company held approximately 3,274 Bitcoins at an average cost of USD 57,930 per coin and 298 Ether at an average cost of USD 1,676 per coin[23]. - The fair value of digital assets as of December 31, 2024, is approximately RMB 2,360 million, a significant increase from RMB 78.6 million as of December 31, 2023[60]. - The company recorded a fair value gain of approximately RMB 864.7 million for digital assets in the fiscal year ending December 31, 2024, compared to a gain of RMB 0.9 million in the previous year[60]. Business Strategy and Operations - The company plans to continue its focus on the traditional online gaming business while increasing efforts in the development and investment of Web3 gaming products and related infrastructure[11]. - The company is actively investing and incubating projects in the Web3 sector, aiming to innovate and create industry-leading Web3 gaming products[17]. - The company emphasizes compliance with legal regulations in different jurisdictions while striving to build a leading Web3 gaming company[13]. - The company will continue to enhance user experience and explore operational models for Web3 gaming products, focusing on high-quality game product incubation[11]. - The company is committed to developing and operating online card games and advancing Web3 gaming, aiming to position itself as a leading Web3 listed company[101]. - The company is focused on expanding its game distribution platform and increasing penetration in existing markets while exploring new domestic and international markets[101]. User Engagement and Market Performance - The company maintained a stable number of paying players at approximately 0.20 million in Q4 2024, while daily active users increased by 2.8% to about 1.20 million[20]. - The number of paying players decreased to 201,000 in December 2024 from 206,000 in December 2023, representing a decline of 2.4%[89]. - Daily active users increased to 1,201,000 in December 2024, up 6.3% from 1,130,000 in December 2023[89]. - Monthly active users rose to 4,151,000 in December 2024, reflecting a growth of 5.4% compared to 3,940,000 in December 2023[89]. - The company reported significant year-on-year growth in online gaming revenue in the Middle East region[21]. Expenses and Financial Management - Sales and marketing expenses decreased by approximately 15.9% from RMB 48.3 million for the year ending December 31, 2023, to approximately RMB 40.6 million for the year ending December 31, 2024, representing a reduction in the expense ratio from 12.2% to 8.9%[34]. - Administrative expenses increased by approximately 5.8% from RMB 98.9 million for the year ending December 31, 2023, to approximately RMB 104.6 million for the year ending December 31, 2024, mainly due to increased fees related to digital asset purchases and share-based compensation[35]. - The income tax expense for the year ending December 31, 2024, was approximately RMB 159.7 million, a significant increase from RMB 9.8 million for the year ending December 31, 2023, mainly due to the substantial increase in the fair value of digital assets[39]. Shareholder Returns and Dividends - The board proposed a final dividend of approximately HKD 75,596,000, equating to about HKD 0.1064 per ordinary share, which includes 20% of the operating net profit and 5% of the fair value increase of digital assets[10]. - The board proposed a final dividend of HKD 0.1064 per ordinary share for the year ending December 31, 2024, which is an increase from HKD 0.0372 per share for the previous year[112]. - The final dividend for 2024 represents 20% of the group's operating profit, along with 5% of the fair value increase of digital assets and 5% of capital gains[112]. - The revised dividend policy states that the company will pay dividends of no less than 20% of operating profit annually over the next four years[113]. Compliance and Risk Management - The company emphasizes compliance with legal regulations in different jurisdictions while striving to build a leading Web3 gaming company[13]. - The company has established a dedicated virtual asset management and risk control department to oversee cryptocurrency trading and management policies[100]. - The company has complied with all relevant Chinese laws and regulations, obtaining all necessary licenses and approvals for its operations in China[102]. - The company is closely monitoring the evolving regulatory environment in China and has engaged external legal advisors to ensure compliance with contractual arrangements[101]. - The interpretation of laws and regulations related to contractual arrangements in China remains uncertain, which could lead to significant compliance costs for the company[96]. Employee and Management Structure - As of December 31, 2024, the group has a total of 222 employees, with 174 in game development and operations, 36 in game support, and 12 in administrative and senior management roles[106]. - The company’s executive director, Mr. Dai Zhikang, has extensive experience in blockchain and Web3 technology, contributing to strategic planning and management[80]. - Ms. Tao Ying, an executive director, has over 13 years of management experience and has been with the company for more than 11 years[81]. - Independent non-executive director Mr. Zhang Yilin has served on various boards and has a strong background in finance and accounting[82]. - Mr. Cai Hanqiang, another independent non-executive director, is a recognized expert in blockchain law and has provided legal advice for over 30 blockchain financing projects[83]. Shareholder Structure and Governance - The company had issued 710,183,730 shares as of December 31, 2024[185]. - Major shareholders include Mr. Zhang with 255,628,474 shares (35.99%) and Cantrust (Far East) Limited with 282,737,474 shares (39.81%) in trust[181]. - The company has no significant transactions or contracts with its controlling shareholders or related entities during the reporting period[178]. - The company’s board includes Mr. Dai as Chairman and Executive Director, and Ms. Tao as Executive Director and Acting CEO[176].

Financial Performance - For the fiscal year ending December 31, 2024, the company's revenue was approximately RMB 456.9 million, an increase of about 15.8% compared to RMB 394.6 million in 2023[5] - The gross profit for the fiscal year ending December 31, 2024, was approximately RMB 332.1 million, representing a 22.4% increase from RMB 271.3 million in 2023[5] - The profit attributable to the company's owners for the fiscal year ending December 31, 2024, was approximately RMB 883.8 million, a significant increase of about 654.2% from RMB 117.2 million in 2023[5] - The adjusted net profit, excluding share-based compensation expenses, for the fiscal year ending December 31, 2024, was approximately RMB 886.3 million, up 645.2% from RMB 118.9 million in 2023[5] - The basic earnings per share for the fiscal year was RMB 133.10, reflecting a 650.3% increase from RMB 17.74 in 2023[6] - The company reported a profit before tax of RMB 1,043,521 million, a substantial increase from RMB 126,950 million year-over-year[106] - The company's annual profit for 2024 was RMB 883,779,000, a significant increase from RMB 117,179,000 in 2023[138] Dividends and Shareholder Returns - The board proposed a final dividend of approximately HKD 75,596,000, equating to about HKD 0.1064 per ordinary share, which is 20% of the operating profit for the fiscal year[5] - The company revised its dividend policy to distribute at least 20% of operating profit as dividends annually over the next four years, excluding gains from digital assets[5] - The proposed final dividend for the year ending December 31, 2024, is HKD 0.1064 per share, an increase from HKD 0.0372 per share for the year ending December 31, 2023[179] Digital Assets and Cryptocurrency - The unrealized fair value gain from digital assets was RMB 864.7 million for the fiscal year, a substantial increase from RMB 911 thousand in 2023[6] - The company reported a Bitcoin growth rate of 65,324% for the fiscal year, indicating significant performance in digital asset investments[6] - The company is actively expanding its Bitcoin reserves, viewing Bitcoin as having long-term value[13] - The company plans to innovate and develop industry-leading Web3 gaming products by integrating existing internet games with Web3 technology[13] - The company plans to continue expanding its cryptocurrency reserves and maintain a long-term holding strategy[27] - The company anticipates that the quantity of cryptocurrencies purchased will continue to increase, contributing to ongoing digital asset appreciation revenue[31] - The fair value gain from digital assets was approximately RMB 860 million, with an additional RMB 50 million in appreciation gains for the fiscal year ending December 31, 2024[22] User Engagement and Market Performance - Daily active users reached 1,201 thousand, an increase of 6.3% year-on-year[11] - Monthly active users totaled 4,151 thousand, marking a year-on-year increase of 5.4%[11] - The company significantly increased its online gaming revenue in the Middle East, indicating successful market expansion efforts[19] - The number of daily active users increased by 2.8% from approximately 1.17 million in Q3 2024 to about 1.20 million in Q4 2024[17] - Monthly active users decreased by 7.9% from approximately 4.5 million in Q3 2024 to about 4.2 million in Q4 2024, primarily due to a decline in active users on the mobile Texas Hold'em platform[18] Operational Efficiency and Expenses - Administrative expenses for the year ended December 31, 2024, were approximately RMB 104.6 million, an increase of about 5.8% from RMB 98.9 million in 2023[36] - Sales and marketing expenses decreased by approximately 15.9% to about RMB 40.6 million for the year ended December 31, 2024, representing 8.9% of revenue compared to 12.2% in 2023[34] - Total employee costs for the year ended December 31, 2024, amounted to approximately RMB 807 million, representing about 29.9% of the total expenses[93] - Research and development expenses totaled RMB 57,888,000 in 2024, slightly up from RMB 57,428,000 in 2023[136] Asset Management and Investments - As of December 31, 2024, the company held approximately 3,274 Bitcoins at an average cost of $57,930 per Bitcoin and approximately 298 Ether at an average cost of $1,676 per Ether[22] - The fair value of digital assets as of December 31, 2024, is approximately RMB 2,360.0 million, up from RMB 78.6 million on December 31, 2023[68] - The company has cumulatively invested RMB 300.0 million in Jiaxing Boya, holding a 99.0% stake, but the fair value of this investment is approximately zero as of December 31, 2024[81] - The company has no short-term or long-term bank borrowings and no outstanding bank financing as of December 31, 2024[84] Corporate Governance and Compliance - The board has reviewed and complied with all applicable code provisions of the Corporate Governance Code during the year ending December 31, 2024[184] - The company established a dedicated management and risk control department for virtual assets to oversee cryptocurrency transactions and compliance with regulations[71]

Group 1 - The core viewpoint is that Boyaa Interactive's stock price has increased over 150% in the month, with a 11.67% rise today [1] - The company's Q3 performance shows a revenue increase of 8.1% year-on-year and a net profit increase of 149.4%, primarily due to gains from cryptocurrency appreciation and increased revenue from online games [1] Group 2 - The company holds a significant amount of Bitcoin and Ethereum, with plans to hold long-term and expand its reserves [2]

证券时报网讯，博雅互动(00434.HK)在2024年前三季度实现收益约3.18亿元人民币，同比增长8.1%，纯 利达2.12亿元人民币，同比增长149.4%。 增长主要得益于数字资产增值收益和网络游戏收益增加。 尽管付费玩家数略有下降，但用户数和活跃用户数均有所增加。 公司成功举办BPT品牌赛事，提升了品牌影响力，并计划加大Web3游戏产品的研发力度，探索运营模 式，拓展海外市场，推动Web3领域业务发展。 集团还将扩大比特币储备，长期持有并增加比特币数量，以实现Web3领域业务发展的战略规划。 校对：冉燕青 ...