Financial Performance - Revenue for 2024 was RMB 82,583,000, an increase of 37.4% compared to RMB 60,172,000 in 2023[11] - Gross profit for 2024 decreased to RMB 4,597,000 from RMB 9,041,000 in 2023, representing a decline of 49.1%[11] - The company reported a loss for the year of RMB 59,252,000, worsening from a loss of RMB 17,617,000 in 2023[11] - The company’s EBITDA for the year was RMB (38,382,000), compared to RMB 9,667,000 in 2023, indicating a significant decline[11] - Adjusted EBITDA for the year was RMB (41,928,000), worsening from RMB (3,909,000) in 2023[11] - As of December 31, 2024, the Group achieved operating revenue of approximately RMB82.6 million, representing a 37.2% increase compared to the previous year[17] - The Group recognized a net loss of approximately RMB59.3 million during the year, attributed to increased investment in game research and development and intensified competition in the semiconductor sector[17] Assets and Equity - Non-current assets decreased to RMB 144,381,000 in 2024 from RMB 201,323,000 in 2023, a decline of 28.3%[13] - Current assets also decreased to RMB 384,982,000 in 2024 from RMB 454,442,000 in 2023, a decline of 15.2%[13] - Total assets decreased to RMB 529,363,000 in 2024 from RMB 655,765,000 in 2023, a decline of 19.2%[13] - Total equity decreased to RMB 484,413,000 in 2024 from RMB 590,274,000 in 2023, a decline of 18.0%[13] - The Group's distributable reserves as of December 31, 2024, were approximately RMB483.5 million, down from RMB590.2 million as of December 31, 2023[37] Business Strategy and Challenges - The company faces challenges due to geopolitical conflicts and a complex operating environment impacting growth prospects[15] - The Group plans to stabilize its game business while integrating new technologies such as AI to enhance product quality and technical standards[20] - The Group aims to strengthen internal management, reduce costs, and improve efficiency as part of its business expansion strategy[20] - The global economic recovery remains weak, with challenges such as geopolitical conflicts and high debt pressures impacting market conditions[18] - The Group is focusing on expanding its electronic trade business and preparing for its financial investment business[17] Shareholder Information - Mr. Zhou Xiaoyu held 12.68% of the company's shares, amounting to 18,601,160 shares as of December 31, 2024[72] - BASEWAY CO LTD, wholly owned by Ms. Gu Wei, held 15,528,160 shares, contributing to Mr. Zhou's family interest[72] - Ms. Gu Wei personally held an additional 3,073,000 shares, which are also considered part of Mr. Zhou's interest[72] - Managecorp Limited holds 29,437,335 shares, representing approximately 20.06% of the ordinary shares[76] - Foga Group, a wholly owned subsidiary of Managecorp Limited, owns 21,673,338 shares, accounting for 14.77% of the ordinary shares[76] - LIAO Dong, as the founder of the Hao Dong Trust, has an interest in 7,763,997 shares, which is about 5.29% of the ordinary shares[77] - KongZhong Corporation holds 10,202,168 shares, representing 6.95% of the ordinary shares[79] - Baseway is a beneficial owner of 15,528,160 shares, which constitutes 10.58% of the ordinary shares[80] - China Create Capital Limited owns 9,584,000 shares, accounting for 6.53% of the ordinary shares[79] - Foga Holdings, also under Managecorp Limited, has 7,763,997 shares, representing 5.29% of the ordinary shares[77] - WANG Dongfeng has a total interest in 21,673,338 shares through Foga Group, equating to 14.77% of the ordinary shares[76] - The total number of shares held by significant shareholders indicates a concentrated ownership structure within the company[81] Corporate Governance and Compliance - The company has received written confirmations of independence from all Independent Non-executive Directors[65] - The company has no service contracts with Directors that cannot be terminated within one year without compensation, other than statutory compensation[68] - The company is subject to the retirement and rotation provisions for Directors as per its Articles[63] - The company has complied materially with relevant laws and regulations impacting its business during the year ended December 31, 2024[186] - The Company has complied with the Corporate Governance Code throughout the year ended December 31, 2024, with some deviations noted in the Corporate Governance Report[193] Contractual Arrangements and Risks - The Company has established Feidong Contractual Arrangements to control its PRC operational entities and consolidate their financial results[97] - Foreign investors are restricted from holding more than 50% equity in companies providing value-added telecommunications services in the PRC[93] - The company is compliant with the Foreign Investment Law and related regulations for its operations in the PRC[92] - The revenue of the Feidong PRC Operational Entities amounted to approximately RMB 11.5 million for the year ended 31 December 2024[115] - The total asset value of the Feidong PRC Operational Entities was approximately RMB 191.9 million as at 31 December 2024[115] - The Company is subject to risks if the PRC government finds that the underlying agreements of the Contractual Arrangements do not comply with PRC laws, which could lead to severe penalties[120] - The effectiveness of the Contractual Arrangements in providing operational control may not be as strong as direct ownership, posing additional risks[125] - The Group's reliance on PRC Operational Entities for critical services poses a risk; any breach or termination of service agreements could materially affect the Group's financial condition and operations[137] - The Group's contractual arrangements may not be enforceable under PRC laws, which could impact business operations[137] Employee and Customer Information - As of December 31, 2024, the Group had 46 full-time employees, with remuneration policies based on individual performance and regularly reviewed[165] - The Group's largest customer accounted for approximately 25% of total revenue, while the five largest customers accounted for about 65%[177] - The largest supplier represented approximately 19% of the Group's cost of revenue, and the five largest suppliers accounted for around 49%[177] Share Issuance and Securities - The maximum number of Shares underlying the Restricted Share Unit (RSU) Scheme is capped at 11,290,494 Shares, representing 9% of the issued Shares on the Listing Date[174] - The RSU Scheme was valid until August 31, 2023, and has since expired[176] - The Company entered into a Placing Agreement to issue a maximum of 25,000,000 Placing Shares at a price of HK$0.610 per Share, representing approximately 17.04% of the existing issued share capital[183][184] - The aggregate nominal value of all Placing Shares will be US$2,500[184] - The company has entered into a placement agreement with South China Securities Investment Limited to issue up to 25,000,000 shares at a placement price of HKD 0.610 per share, representing approximately 17.04% of the existing issued share capital as of the announcement date[187] - The total nominal value of the placement shares will amount to USD 2,500[187] Audit and Financial Reporting - The financial statements for the year ended December 31, 2024, have been audited by ZHONGHUI ANDA CPA Limited, who will be proposed for re-appointment at the upcoming Annual General Meeting[197] - The auditors confirmed that the disclosed continuing connected transactions have been approved by the Board and were in accordance with the pricing policies of the Group[157]

Financial Performance - For the fiscal year ending December 31, 2024, the company reported total revenue of approximately RMB 82.6 million, an increase of 37.2% compared to RMB 60.2 million for the previous year[7]. - The company experienced a net loss of approximately RMB 59.3 million for the year, a significant increase of 236.3% compared to a net loss of RMB 17.6 million in the previous year[7]. - The company's gross profit decreased to RMB 4,597 thousand in 2024, down 49.1% from RMB 9,041 thousand in 2023[29]. - The company incurred a net loss of RMB 59,252 thousand for the year, compared to a loss of RMB 17,617 thousand in 2023, representing an increase in losses of 236.5%[30]. - The company reported a net loss before tax of RMB 59,271,000 in 2024, compared to a loss of RMB 17,615,000 in 2023[36]. - The basic loss per share for 2024 was RMB 0.41, compared to RMB 0.12 in 2023, reflecting a deterioration in financial performance[48]. Revenue Breakdown - The gaming business generated revenue of RMB 12.3 million, accounting for 14.9% of total revenue, while the electronic equipment and semiconductor business contributed RMB 70.3 million, representing 85.1% of total revenue[8]. - For the fiscal year ending December 31, 2024, the company's gaming business generated revenue of RMB 12.3 million, relatively stable compared to RMB 12.7 million for the previous year[10]. - The company's electronic equipment and semiconductor business saw revenue increase by approximately 47.9% to RMB 70.3 million, up from RMB 47.5 million, primarily due to growth in semiconductor sales[10]. - Revenue from the gaming business decreased to RMB 12,297,000 in 2024 from RMB 12,661,000 in 2023, representing a decline of 2.9%[36]. - Revenue from the Chinese market (excluding Hong Kong) was RMB 65,079,000 in 2024, a substantial increase of 100.6% from RMB 32,437,000 in 2023[37]. Cost and Expenses - The cost of sales increased by 52.5% to RMB 78.0 million, compared to RMB 51.1 million in the previous year, impacting gross profit which decreased by 49.2% to RMB 4.6 million[7]. - Total costs increased by approximately 52.5% to RMB 78.0 million for the fiscal year ending December 31, 2024, from RMB 51.1 million, aligning with revenue growth[9]. - Sales and marketing expenses rose by approximately 65.2% to RMB 14.9 million, driven by increased investment in the new gaming business team[9]. - Administrative expenses increased by approximately 15.9% to RMB 31.5 million, mainly due to higher inventory provisions[9]. - Research and development expenses decreased by approximately 19.6% to RMB 21.4 million, attributed to cost control measures in new game development[9]. Strategic Initiatives - The company plans to enhance internal management, reduce costs, and improve efficiency while continuing to stabilize its gaming business and explore new technologies such as artificial intelligence[4]. - The company aims to optimize its business structure and investment channels to achieve stable and sustainable long-term development[4]. - The company is actively preparing to establish a fund to develop its financial services business, following the acquisition of relevant licenses for regulated activities[6]. - The company plans to continue exploring new business areas and artificial intelligence technologies to drive growth and improve operational efficiency[26]. Assets and Equity - As of December 31, 2024, the company's total equity was RMB 484.4 million, down from RMB 590.3 million the previous year, primarily due to the recognized loss and decrease in investment fair value[14]. - The company's cash and cash equivalents totaled RMB 174.2 million as of December 31, 2024, down from RMB 195.9 million, mainly due to increased investments[15]. - Total assets decreased to RMB 529,363 thousand in 2024 from RMB 655,765 thousand in 2023, a decline of 19.2%[31]. - The total equity decreased to RMB 484,413,000 in 2024 from RMB 590,274,000 in 2023, reflecting a decline of 18%[32]. Acquisitions and Investments - The company announced the acquisition of 95.0769% equity in Shenzhen Haihong Microelectronics Technology Co., Ltd. for RMB 22.80 million (approximately HKD 25.08 million) on September 10, 2024[22]. - The company acquired 95.0769% of Shenzhen Haihong Microelectronics Technology Co., Ltd. for RMB 22,800,000 on September 19, 2024, expanding its presence in the electronic equipment and semiconductor trade[54]. - Shenzhen Haihong contributed approximately RMB 7,860,000 in revenue and RMB 1,115,000 in profit to the group during the reporting period[57]. - The fair value of identifiable assets and liabilities acquired from Shenzhen Haihong amounts to RMB 23,542,000, including goodwill of RMB 8,476,000[55]. Compliance and Governance - The company plans to appoint a suitable female candidate to the board by March 31, 2025, to comply with diversity requirements[65]. - The company has implemented enhanced management measures to ensure compliance with listing rules following a previous announcement[66]. - The annual report for the year ending December 31, 2024, will be sent to shareholders in April 2025 and published on the company's website[68]. Market Environment - The overall economic environment remains challenging due to geopolitical conflicts and tightening monetary policies, impacting the company's operational strategies[3]. - The company faces significant risks including regulatory changes, revenue decline from existing games, and uncertainties in R&D investment returns[24][25].

Financial Performance - The company reported a total revenue of approximately RMB 37.4 million for the first half of 2024, representing a 60.1% increase compared to the same period last year[11]. - Gross profit decreased to RMB 2.94 million, down 54.5% from RMB 6.46 million in the previous year[6]. - The loss for the period was RMB 3.75 million, which is a 14.2% increase from the loss of RMB 3.28 million in the same period last year[6]. - EBITDA for the period was RMB 14.06 million, an 18.9% increase from RMB 11.83 million in the previous year[6]. - Adjusted EBITDA showed a significant decline, reaching RMB (32.83) million, compared to a positive RMB 6.36 million in the previous year, indicating a 508% change[6]. - Total revenue for the first half of 2024 was approximately RMB 37.4 million, an increase of 60.1% compared to RMB 23.4 million in the same period of 2023[20]. - Revenue from the game business increased by approximately 15.3% to RMB 7.2 million for the first half of 2024 from RMB 6.3 million in the same period of 2023, mainly due to new game launches[22]. - Revenue from the electronic device and semiconductor business increased by approximately 76.5% to RMB 30.2 million for the first half of 2024 from RMB 17.1 million in the same period of 2023, driven by sales growth of memories and hard disk drives[21]. - Cost of revenue increased by approximately 103.9% to RMB 34.5 million for the first half of 2024 from RMB 16.9 million in the same period of 2023, in line with revenue growth[21]. - Selling and marketing expenses surged by approximately 614.0% to RMB 9.6 million for the first half of 2024 from RMB 1.3 million in the same period of 2023, attributed to the assembly of a new game business team[23]. - Administrative expenses rose by approximately 33.3% to RMB 18.6 million for the first half of 2024 from RMB 13.9 million in the same period of 2023, primarily due to increased allowances for inventories[23]. - Research and development expenses increased by approximately 9.5% to RMB 24.0 million for the first half of 2024 from RMB 21.9 million in the same period of 2023, reflecting increased investment in the game business[24]. - Other income decreased by approximately 65.6% from RMB 5.1 million for the first half of 2023 to RMB 1.8 million for the first half of 2024, mainly due to reduced interest from debt investments[24]. - Other gains-net increased by approximately 153.4% from RMB 18.0 million for the first half of 2023 to RMB 45.7 million for the first half of 2024, primarily due to gains from the disposal of investments[24]. - Loss for the period increased by approximately 14.2% to RMB 3.7 million for the first half of 2024 from RMB 3.3 million in the same period of 2023[25]. - The Group's total equity decreased from RMB 590.3 million as of December 31, 2023, to RMB 576.2 million as of June 30, 2024, primarily due to changes in the fair value of equity investments[30]. - Total cash and cash equivalents decreased from RMB 195.9 million as of December 31, 2023, to RMB 129.3 million as of June 30, 2024, primarily due to increased investments[30]. - The Group reported a total comprehensive loss of RMB 28,545 for the six months ended June 30, 2024[84]. - The company reported a loss before income tax of RMB 3,748,000, compared to a loss of RMB 3,279,000 in 2023[80]. - The basic loss per share for the six months ended June 30, 2024, was RMB (0.03), compared to RMB (0.02) for the same period in 2023, indicating a 50% increase in loss per share[144]. Assets and Liabilities - Total assets as of June 30, 2024, were RMB 629.24 million, a decrease of 4.0% from RMB 655.77 million at the end of 2023[9]. - Total equity decreased to RMB 576.21 million, down 2.4% from RMB 590.27 million at the end of 2023[9]. - Non-current liabilities decreased by 19.7% to RMB 1.03 million from RMB 1.28 million[9]. - Current liabilities decreased by 19.0% to RMB 52.01 million from RMB 64.21 million[9]. - Net current assets decreased from RMB 390.2 million as of December 31, 2023, to RMB 375.4 million as of June 30, 2024, attributed to an increase in investments at fair value[30]. - Total liabilities decreased to RMB 53,038 as of June 30, 2024, down 19.0% from RMB 65,491 as of December 31, 2023[83]. - Current liabilities decreased to RMB 52,008 as of June 30, 2024, down from RMB 64,209 as of December 31, 2023[83]. - The company’s net current assets as of June 30, 2024, are RMB 375,389, a decrease from RMB 390,233 as of December 31, 2023[83]. - The Group's inventory as of June 30, 2024, was RMB 13,773,000, down from RMB 16,245,000 as of December 31, 2023, indicating a decrease of about 15.1%[148]. - The carrying amount of trade receivables decreased significantly to RMB 7,352,000 as of June 30, 2024, from RMB 66,352,000 as of December 31, 2023, representing a decline of approximately 88.9%[149]. Investments and Acquisitions - The Group held one significant investment, Beijing Share Times Technology Co., Limited, valued at RMB 28.241 million, representing 8.85% of the Group's total assets as of June 30, 2024[38]. - The Group's significant investment in Share Times had a fair value of RMB 58.291 million as of June 30, 2024, which is 9.26% of the Group's total assets[38]. - On September 10, 2024, the Group's subsidiary Netcloud agreed to acquire 95.0769% of Shenzhen Haihong Microelectronics Technology Co., Limited for RMB 22.80 million[44]. - The acquisition was completed on September 19, 2024, and the financial results of the Target Company will be consolidated into the Group's financial statements[44]. - The Group continues to support the business development of Share Times and seeks synergies with other investments to maximize performance[38]. - The Group reported a significant investment-related loss of RMB 13,520,000 during the period, compared to a loss of RMB 22,720,000 in the previous year[127]. Operational Strategies - The company is actively exploring new game development and electronic trade products to adapt to market changes and enhance operational management[11]. - In the second half of 2024, the Group aims to enhance its existing game business and stimulate game product upgrades to stabilize and increase game revenue[50]. - The Group plans to develop its electronic device and semiconductor business steadily to ensure healthy cash flow and optimize supply chain management[50]. - The Group will strictly control budgets, reduce operating costs, and improve management efficiency to enhance profitability[50]. - The Group will actively seek to diversify revenue while controlling risks to enhance overall profitability[51]. - The Group is exposed to various risks, including industry policies, player behavior changes, and technological dependence in its game business[49]. - In the semiconductor sector, the Group faces exchange rate fluctuation risks and inventory management risks due to the high value of semiconductor products[49]. - The global economic situation remains uncertain, influenced by tightening monetary policy and geopolitical tensions, which may affect growth[50]. Corporate Governance - The Group has complied with corporate governance codes, except for specific provisions regarding insurance for directors and the separation of roles between chairman and CEO[54][55]. - The Board believes that the current structure of having the same person as both chairman and CEO ensures consistent leadership and effective strategic planning[59]. - The Board will continue to monitor corporate governance practices to ensure compliance with statutory requirements and professional standards[60]. - No directors or chief executives had interests or short positions in the shares or debentures of the company as of June 30, 2024[60]. - The Board will review its leadership structure periodically and consider changes if suitable circumstances arise[59]. Shareholding Structure - As of June 30, 2024, Managecorp Limited holds 29,437,335 ordinary shares, representing approximately 20.06% of the total shareholding[61]. - Foga Group is a beneficial owner of 21,673,338 ordinary shares, accounting for approximately 14.77% of the total shareholding[61]. - WANG Dongfeng, as the founder of a discretionary trust, also holds 21,673,338 ordinary shares, equivalent to approximately 14.77%[61]. - LIAO Dong holds 7,763,997 ordinary shares, which is about 5.29% of the total shareholding[62]. - Foga Internet Development Ltd. is a beneficial owner of 7,785,700 ordinary shares, representing approximately 5.31%[62]. - KongZhong Corporation holds 10,202,168 ordinary shares, accounting for approximately 6.95% of the total shareholding[62]. - Baseway Co Ltd is wholly owned by Ms. Gu Wei, who is interested in 9,614,760 shares, equivalent to 6.55% of the total[66]. - China Create Capital Limited owns 9,584,000 shares, accounting for 6.53% of the Company's ordinary shares[64]. - As of June 30, 2024, the Company is not aware of any other person with an interest or short position in the Shares, apart from the Directors or chief executives[67]. Future Outlook - The company provided a positive outlook, projecting a revenue growth of BB% for the next fiscal year[165]. - New product launches are expected to contribute an additional CC million in revenue[165]. - The company is focusing on market expansion in the Asia-Pacific region, targeting a market share increase of DD%[165]. - Ongoing research and development efforts are aimed at enhancing existing technologies and introducing innovative solutions[165]. - The company is exploring potential mergers and acquisitions to strengthen its market position[165]. - Strategic partnerships are being established to enhance service offerings and customer engagement[165]. - The company aims to improve operational efficiency, targeting a cost reduction of EE% over the next year[165].

Financial Performance - For the first half of 2024, the company reported total revenue of approximately RMB 37.4 million, an increase of 60.1% compared to RMB 23.4 million in the same period last year[3]. - Gross profit decreased by 54.5% to RMB 2.9 million from RMB 6.5 million, indicating challenges in maintaining profitability despite revenue growth[3]. - The net loss for the period increased by 14.2% to RMB 3.7 million from RMB 3.3 million, indicating ongoing financial challenges despite revenue growth[6]. - The group reported a loss attributable to owners of the company of RMB 3,748 thousand for the six months ended June 30, 2024, compared to a loss of RMB 3,281 thousand in 2023, reflecting an increase in losses of approximately 14.3%[23]. - The basic loss per share for the six months ended June 30, 2024, was RMB (0.03), compared to RMB (0.02) for the same period in 2023[40]. Revenue and Expenses - The cost of sales rose by 103.9% to RMB 34.5 million from RMB 16.9 million, attributed to the increase in revenue, particularly in memory and hard disk drive sales[5]. - Sales and marketing expenses surged by 614.0% to RMB 9.6 million from RMB 1.3 million, primarily due to increased employee benefits and promotional costs related to the new gaming business team[5]. - Administrative expenses increased by 33.3% to RMB 18.6 million from RMB 13.9 million, mainly due to higher inventory provisions[5]. - Research and development expenses rose by 9.5% to RMB 24.0 million from RMB 21.9 million, reflecting increased investment in gaming business development[6]. - The adjusted EBITDA for the same period was RMB (32,830,000) (unaudited), a significant decline from RMB 508,000 in 2023[8]. Assets and Equity - As of June 30, 2024, the company's total equity was RMB 576.2 million, down from RMB 590.3 million as of December 31, 2023, primarily due to fair value changes in equity investments[9]. - The company's net current assets decreased to RMB 375.4 million as of June 30, 2024, from RMB 390.2 million as of December 31, 2023, attributed to increased investments[9]. - Cash and cash equivalents totaled RMB 129.3 million as of June 30, 2024, down from RMB 195.9 million as of December 31, 2023, mainly due to increased investments[10]. - The total assets decreased to RMB 629,243 thousand as of June 30, 2024, from RMB 655,765 thousand as of December 31, 2023, a decline of about 4.0%[24]. Investments and Future Plans - The group plans to apply for regulatory licenses for financial services to diversify its business, specifically for Type 4 (advising on securities) and Type 9 (asset management) activities[22]. - The group aims to stabilize and increase gaming revenue while developing its electronic devices and semiconductor business to ensure healthy cash flow[22]. - The company holds a significant investment in Beijing Share Era Technology Co., Ltd., with an investment cost of RMB 4,000,000 and a fair value of RMB 58,291,000, representing 8.85% ownership[16]. Governance and Compliance - The Audit and Compliance Committee consists of three independent non-executive directors, with Mr. Huang Zhi Jian serving as the chairman, ensuring compliance with listing rules[49]. - The company has adhered to the corporate governance code principles, except for the combined role of the Chairman and CEO, which the board believes ensures leadership consistency[47]. - The board will continue to monitor and review the company's corporate governance practices to align with statutory requirements and professional standards[47]. - The company has not taken out insurance to cover potential legal actions against its directors as of the announcement date[47]. Market and Operational Risks - The group faces risks including industry policy and regulatory changes, market saturation, and competition in the gaming sector[21]. - The group intends to strictly control budgets and reduce operating costs to enhance management efficiency and diversify income within controllable risk limits[22].

Investment Transactions - The company has made several transactions involving the acquisition and sale of listed securities, including Coinbase shares, with a total cost of approximately $0.31 million (equivalent to about HKD 2.43 million) for the fiscal year ending December 31, 2023[2]. - The company sold shares of Huiwei Intelligent, with a total cost of approximately RMB 0.92 million (equivalent to about HKD 1.01 million), during the fiscal year ending December 31, 2023[15]. - The company acquired and sold Palantir shares, with a total cost of approximately $1.48 million (equivalent to about HKD 11.54 million) as of December 29, 2023[15]. - The company conducted transactions involving NVIDIA shares, with a total cost of approximately $0.34 million (equivalent to about HKD 2.65 million) for the six months ending June 30, 2024[16]. - The company has not disclosed the identities of the counterparties involved in the transactions, confirming that they are independent third parties[10]. - The company sold 996,000 shares of Huaiwei Intelligent Technology Co., Ltd. for a total consideration of RMB 8,763,159.27, resulting in a profit of RMB 795,159.27[51]. - The company conducted multiple transactions involving Palantir shares, acquiring a total of 56,000 shares for USD 796,320 on June 22, 2023, and selling 52,000 shares for USD 832,000 on July 14, 2023, realizing a profit of USD 47,450.55[56]. - The company engaged in several transactions involving NVIDIA shares, acquiring 200 shares for USD 180,000 on April 19, 2024, and selling 400 shares for USD 366,000 on May 17, 2024, with a profit of USD 31,157.06[79]. Financial Performance - Palantir's revenue for the year ended December 31, 2022, was $1,905,871 thousand, an increase of 23.5% from $1,541,889 thousand in 2021[31]. - Palantir reported a net loss of $371,094 thousand for the year ended December 31, 2022, compared to a net loss of $520,379 thousand in 2021, reflecting a 28.7% improvement[31]. - Nvidia's total assets as of January 28, 2024, were approximately $42,978 million, up from $22,101 million as of January 19, 2023, indicating a significant growth[36]. - For the fiscal year ending January 28, 2024, NVIDIA reported revenues of USD 60.92 billion, a significant increase from USD 26.97 billion in the previous year[60]. - The company’s net income for the fiscal year ending January 28, 2024, was USD 29.76 million, compared to USD 4.37 million in the previous year[60]. - Coinbase's revenue for the year ended December 31, 2022, was $3,194,208 thousand, a decrease of 56.5% from $7,354,753 thousand in 2021[45]. - Coinbase reported a net loss of $2,624,949 thousand for the year ended December 31, 2022, compared to a net profit of $3,624,120 thousand in 2021[45]. - Huawai Intelligent's revenue for the year ended December 31, 2022, was RMB 418.88 million, a slight decrease from RMB 439.99 million in 2021[50]. - The net profit after tax for Huawai Intelligent for the year ended December 31, 2022, was RMB 24.53 million, down from RMB 28.82 million in 2021[50]. Share Price Information - The share price of Huiwei Intelligent ranged from RMB 8.11 to RMB 8.81 during the fiscal year ending December 31, 2023[15]. - The share price of Palantir ranged from $14.22 to $21.00 as of December 29, 2023[15]. - The share price of NVIDIA ranged from $822.04 to $1,038.29 as of May 29, 2024[16]. - As of December 31, 2023, the company held 100,000 shares of Palantir Technologies Inc. with a total cost of approximately USD 1.48 million, with share prices ranging from USD 14.22 to USD 21[53]. Strategic Focus and Outlook - The company’s strategic focus includes expanding its investments in technology firms like Palantir and NVIDIA to enhance its portfolio and market position[62]. - The board holds a positive view on the financial performance and future prospects of Coinbase, Huaiwei Technology, Palantir, and NVIDIA, believing that public share offerings present an attractive investment opportunity[81]. Trading Profits and Oversight - The group confirmed profits from trading in Coinbase shares amounting to approximately $0.04 million (around HKD 0.31 million), Huaiwei shares at approximately RMB 0.92 million (around HKD 1.01 million), Palantir shares at approximately $0.23 million (around HKD 1.79 million), and NVIDIA shares at approximately $0.34 million (around HKD 2.65 million)[82]. - The trading profits are utilized for general operating funds[82]. - The company did not promptly announce certain transactions exceeding 5% as required by listing rules, due to oversight by the investment department[82]. - The investment department is exploring securities investment as a relatively new area, which may have contributed to the oversight regarding internal control requirements[82].

Financial Performance - The Group recorded revenue of approximately RMB 60.2 million for the year ended December 31, 2023, representing a decrease of 47.3% compared to the previous year[19]. - The gross profit for the year was RMB 9.04 million, an increase from RMB 5.77 million in 2022[13]. - The Group reported a loss of approximately RMB 17.6 million for the year, an improvement from a loss of RMB 20.1 million in 2022[19]. - The Group's EBITDA for the year was RMB 9.67 million, a significant increase from RMB 0.8 million in 2022[13]. - As of December 31, 2023, the Company had distributable reserves of approximately RMB 590.2 million, down from RMB 643.1 million as of December 31, 2022[40]. - The Board does not recommend the payment of any final dividend for the year ended December 31, 2023[37]. Assets and Equity - Non-current assets decreased to RMB 201.3 million in 2023 from RMB 267.3 million in 2022[16]. - Total assets decreased to RMB 655.8 million in 2023 from RMB 724.0 million in 2022[16]. - Total equity decreased to RMB 590.3 million in 2023 from RMB 643.2 million in 2022[16]. Business Strategy and Outlook - Management is confident that operating revenues, particularly in the gaming business, will grow significantly in 2024 and beyond[19]. - The Group continues to invest in online gaming, mobile gaming, and electronic device trading businesses[19]. - The Group aims to significantly increase operating revenue, particularly from the gaming business, in 2024 and beyond[20]. - The Group plans to strengthen internal management, improve efficiency, and reduce costs while actively expanding its business[23]. - The Group will increase the proportion of its gaming business and incorporate new technologies such as AI to enhance product quality and technical standards[23]. - The Group is committed to optimizing its business structure and promoting business expansion in the gaming field for sustainable development[23]. Challenges and Risks - The Group continues to face challenges from geopolitical tensions, international trade frictions, and fluctuations in demand in the economic environment[22]. - The Company faces risks if the PRC government finds that the underlying agreements do not comply with PRC laws, which could lead to severe penalties or loss of operational interests[144]. - The effectiveness of the Contractual Arrangements in providing operational control may not be equivalent to direct ownership, posing additional risks[148]. - The Group's reliance on PRC Operational Entities for critical services poses a risk; any breach or termination of service agreements could materially affect the Group's financial condition and operations[161]. Corporate Governance - There were changes in the board of directors, with Mr. Cui Yuzhi appointed as CEO on December 8, 2023[62]. - The appointment of directors is effective for an initial term of three years, renewable for another three years[70]. - The company has received written confirmations of independence from all Independent Non-executive Directors[72]. - There were no provisions for pre-emptive rights under the Articles or Cayman Islands laws[60]. Shareholding Structure - Managecorp Limited held approximately 20.06% of the ordinary shares, totaling 29,437,335 shares[81]. - Foga Group was the beneficial owner of 21,673,338 ordinary shares, representing approximately 14.77%[81]. - Wang Dongfeng holds 21,673,338 ordinary shares, representing approximately 14.77% of the total shareholding[83]. - Foga Holdings owns 7,763,997 ordinary shares, accounting for about 5.29% of the total shareholding[83]. - KongZhong Corporation holds 10,202,168 ordinary shares, representing around 6.95% of the total shareholding[85]. - China Create Capital Limited owns 9,584,000 ordinary shares, accounting for approximately 6.53% of the total shareholding[87]. - Baseway Co Ltd has a beneficial ownership of 9,614,760 ordinary shares, which is about 6.55% of the total shareholding[87]. - GU Wei holds 3,073,000 ordinary shares, representing approximately 2.09% of the total shareholding[87]. - Foga Internet Development owns 7,785,700 ordinary shares, accounting for about 5.31% of the total shareholding[83]. Related Party Transactions - During the year ended December 31, 2023, no related party transactions constituted a connected transaction as per the Listing Rules[2]. - The Company made a full impairment loss of RMB 15,750,000 related to a loan agreement for the year ended December 31, 2020[3]. - The company agreed to a settlement amount of RMB 4 million to reduce losses from a loan recovery effort, which was paid by KongZhong Youyi on December 8, 2023[100]. - The settlement was negotiated based on the likelihood of loan recovery and estimated legal costs, with the directors considering the terms fair and reasonable[100]. Employment and Remuneration - As of December 31, 2023, the Group had 58 full-time employees, with remuneration policies based on individual performance and regularly reviewed[190]. - The Group's remuneration includes salaries, bonuses, and allowances, with competitive packages offered to Directors[190]. - The Restricted Share Unit (RSU) Scheme allows for the grant of up to 11,290,494 Shares, representing 9% of the number of Shares in issue on the Listing Date[200]. - The RSU Scheme was approved on September 1, 2013, and aims to reward participants for their contributions to the Group's success[200]. - The Group has adopted the RSU Scheme as a long-term incentive plan for Directors and employees[194].

Financial Performance - For the fiscal year ending December 31, 2023, the company reported total revenue of approximately RMB 60.2 million, a decrease of 47.3% compared to RMB 114.1 million in the previous year[10] - The company's gaming business generated revenue of RMB 12.7 million, down approximately 13.8% from RMB 14.7 million in the previous year, primarily due to two games entering the mature stage of their lifecycle[13] - Revenue from the electronic equipment and semiconductor business decreased by approximately 52.2%, from RMB 99.4 million to RMB 47.5 million, attributed to a continuous decline in hard disk market prices[13] - Total revenue decreased to RMB 51.1 million for the year ended December 31, 2023, a reduction of approximately 52.8% from RMB 108.3 million for the year ended December 31, 2022[14] - The group reported a net loss attributable to owners of the company of RMB 17,617 thousand for 2023, slightly improved from a loss of RMB 20,107 thousand in 2022[38] - The company incurred a loss of approximately RMB 17.6 million for the year, a 12.4% improvement from a loss of RMB 20.1 million in the previous year[10] - Adjusted EBITDA for 2023 was RMB (3,909) thousand, compared to RMB 323 thousand in 2022, indicating a significant decline[51] - The company reported a net loss before tax of RMB (17,615) thousand for 2023, an improvement from RMB (20,282) thousand in 2022[51] Profitability and Expenses - The company's gross profit increased by 56.6% to RMB 9.0 million, despite the overall revenue decline[10] - Sales and marketing expenses increased by approximately 158.9% to RMB 9.0 million for the year ended December 31, 2023, up from RMB 3.5 million for the year ended December 31, 2022, primarily due to the establishment of a new gaming business team[14] - Administrative expenses decreased by approximately 12.5% to RMB 27.2 million for the year ended December 31, 2023, down from RMB 31.1 million for the year ended December 31, 2022, mainly due to a reduction in inventory provisions[14] - R&D expenses decreased by approximately 15.7% to RMB 26.6 million for the year ended December 31, 2023, compared to RMB 31.6 million for the year ended December 31, 2022, primarily due to the capitalization of expenses in the qualifying development phase[14] - The company recorded a total of RMB 41,704,000 in cost of goods sold for sold inventory in 2023, down from RMB 96,922,000 in 2022[63] Cash Flow and Assets - Cash and cash equivalents totaled RMB 195.9 million as of December 31, 2023, down from RMB 224.6 million as of December 31, 2022, mainly due to increased investments[20] - Non-current assets totaled RMB 201,323 thousand in 2023, down 24.6% from RMB 267,267 thousand in 2022[42] - Current assets decreased slightly to RMB 454,442 thousand in 2023 from RMB 456,750 thousand in 2022[42] - Total assets decreased to RMB 655,765 thousand in 2023, a decline of 9.4% from RMB 724,017 thousand in 2022[44] - The company’s equity decreased to RMB 590,274 thousand in 2023, down 8.2% from RMB 643,207 thousand in 2022[44] Strategic Plans and Future Outlook - The company plans to enhance internal management, improve efficiency, and reduce costs while expanding its gaming business and integrating new technologies such as artificial intelligence[5] - The company aims to optimize its long-term investment channels and business structure to achieve stable and sustainable development in the gaming sector[5] - The management expressed confidence that operating revenue, particularly from gaming, will significantly increase in 2024 and beyond[3] - The group plans to explore new business opportunities and enhance operational efficiency while adapting to industry competition and regulatory pressures in 2024[35] - The group aims to leverage emerging technologies, including artificial intelligence, to create new growth points for its business[35] Employee and Operational Metrics - The group had 58 full-time employees as of December 31, 2023, an increase of 46.2% from 39 employees in 2022[28] - The company’s total employee costs, including salaries and benefits, were RMB 12,372,000 in 2023, compared to RMB 14,326,000 in 2022[63] Risks and Challenges - The group faced significant risks including regulatory changes, revenue decline from existing games, and rapid market shifts from web to mobile gaming[33] Other Financial Metrics - The company reported a significant increase in other income, which rose by 90.5% to RMB 8.1 million, contributing positively to the overall financial performance[10] - Other income increased by approximately 90.5% to RMB 8.1 million for the year ended December 31, 2023, up from RMB 4.2 million for the year ended December 31, 2022, mainly due to increased interest income[14] - The group recognized a share of profit from associates of approximately RMB 4.6 million in 2023, compared to RMB 4.1 million in 2022[38] - The company did not declare or recommend any dividends for 2023, consistent with 2022[64] - The effective tax rate for the company's operations in China is 25%, while the applicable rate for its high-tech enterprise status is 15%[59] Trade and Inventory Metrics - Trade receivables from the electronic equipment and semiconductor business amounted to RMB 63,650,000 in 2023, down from RMB 73,458,000 in 2022, with a provision for impairment of RMB 14,707,000[70] - Inventory of finished goods decreased to RMB 16,245,000 in 2023 from RMB 35,396,000 in 2022, indicating a reduction in stock levels[68] - Total trade receivables decreased from RMB 77,061 thousand in 2022 to RMB 66,352 thousand in 2023, a reduction of 13.5%[71] - Total trade payables increased from RMB 11,399 thousand in 2022 to RMB 11,965 thousand in 2023, an increase of 5.0%[72]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容 而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 Forgame Holdings Limited 484 二零二二年年報有關之 補充公告 茲提述雲遊控股有限公司（「本公司」）截至二零二二年十二月三十一日止年度之年報（「二 零二二年年報」）。除另有指明者外，本公告所用詞彙與該二零二二年年報所界定者具有 相同涵義。根據上市規則第17.07及17.09條，本公司於二零二二年年報中補充以下與本公 司的首次公開發售前購股權計劃和受限制股份單位計劃有關的額外資訊。 首次公開發售前購股權計劃 (1) 根據上市規則第17.07(1)條作出的披露 根據首次公開發售前購股權計劃，本公司已向本集團董事及僱員授出可認購 6,440,911股股份的購股權。所有根據首次公開發售前購股權計劃授予的購股權於二 零二一年十二月三十一日止年度已歸屬、行使或失效。截至二零二二年十二月三十 一日止年度及計劃屆滿日期，概無購股權尚未行使。 ...

Financial Performance - The Group recorded total revenue of approximately RMB 23.4 million for the first half of 2023, representing a decrease of 32.3% compared to the same period last year[22]. - Gross profit for the period was RMB 6.46 million, an increase of 32.4% from RMB 4.88 million in the previous year[15]. - The Group reported a loss of RMB 3.28 million for the period, compared to a profit of RMB 10.63 million in the same period last year[15]. - The Group's EBITDA for the period was RMB 11.83 million, a decrease of 34.4% from RMB 18.02 million in the previous year[15]. - The Group reported a loss of RMB 3.3 million for the first half of 2023, compared to a profit of RMB 10.6 million in the same period of the previous year[44]. - Total comprehensive loss attributable to the owners of the Company for the period was RMB 29,545,000, compared to a comprehensive income of RMB 20,277,000 in the prior year[144]. - Basic and diluted loss per share was RMB (0.02), compared to earnings per share of RMB 0.07 for the same period in 2022[144]. Revenue Breakdown - Revenue from the game business decreased by approximately 21.0% to RMB 6.3 million, down from RMB 7.9 million in the first half of 2022[38]. - Revenue from the electronic device and semiconductor business decreased by approximately 35.7% to RMB 17.1 million, down from RMB 26.6 million in the same period of 2022[38]. - The Group's total revenue for the first half of 2023 was approximately RMB 23.4 million, a decrease of 32.3% compared to RMB 34.5 million in the same period of 2022[26][33]. Asset and Equity Changes - Non-current assets decreased by 5.3% to RMB 253.15 million as of June 30, 2023, from RMB 267.27 million at the end of 2022[20]. - Current assets decreased by 4.6% to RMB 435.56 million as of June 30, 2023, compared to RMB 456.75 million at the end of 2022[20]. - Total assets decreased by 4.9% to RMB 688.71 million as of June 30, 2023, from RMB 724.02 million at the end of 2022[20]. - Total equity decreased by 4.6% to RMB 613.66 million as of June 30, 2023, compared to RMB 643.21 million at the end of 2022[20]. - Net current assets decreased from RMB 378.4 million as of December 31, 2022, to RMB 362.9 million as of June 30, 2023, due to a decrease in working capital and an increase in investments[54]. Expenses and Cost Management - Cost of revenue decreased by approximately 43.0% to RMB 16.9 million from RMB 29.6 million year-on-year[35]. - Selling and marketing expenses decreased by approximately 33.9% to RMB 1.3 million from RMB 2.0 million in the previous year[36]. - Administrative expenses decreased by approximately 24.3% to RMB 13.9 million from RMB 18.4 million year-on-year[40]. - Research and development expenses rose significantly to RMB 21,916,000, an increase of 83.9% compared to RMB 11,906,000 in the previous year[142]. Cash Flow and Investments - Cash and cash equivalents dropped significantly from RMB 224,623,000 to RMB 146,367,000, a decrease of about 34.8%[149]. - Net cash generated from operating activities for the six months ended June 30, 2023, was RMB 1,065,000, compared to a net cash used of RMB 54,008,000 in the same period of 2022[153]. - Net cash used in investing activities increased to RMB 82,104,000 in the first half of 2023, compared to RMB 29,846,000 in the same period of 2022[153]. - The company reported an increase in interest received from debt investments at fair value through other comprehensive income to RMB 2,963,000, with no such income reported in the same period of 2022[153]. Strategic Initiatives and Future Outlook - The Group is actively exploring new game development and electronic trade products to seek breakthroughs in its business operations[23]. - In the second half of 2023, the Group aims to stabilize and increase game revenue through game upgrades and product potential stimulation[93]. - The Group will maintain healthy cash flow in its electronic device and semiconductor business while controlling budgets and managing costs[93]. - The Group is committed to sustainable development and will actively seek business upgrades and expansions to enhance management levels[94]. Risks and Challenges - The economic recovery remains uneven, with insufficient market demand posing challenges to the Group's business operations[22]. - The Group faces risks related to industry policies and regulatory changes that could impact the online game industry[91]. - The Group is exposed to exchange rate fluctuation risks due to operations involving USD settlements[91]. - The Group's gaming revenue may decline due to changing player preferences and increased competition in the market[92]. Shareholder Information - Managecorp Limited holds 29,437,335 shares, representing approximately 20.06% of the ordinary shares[112]. - Foga Group owns 21,673,338 shares, accounting for 14.77% of the ordinary shares[112]. - LIAO Dong has a beneficial ownership of 7,763,997 shares, which is about 5.29% of the ordinary shares[113]. - China Create Capital Limited holds 9,584,000 shares, representing 6.53% of the ordinary shares[117]. - Baseway Co Ltd owns 9,614,760 shares, accounting for 6.55% of the ordinary shares[117]. Corporate Governance - The Audit and Compliance Committee consists of three independent non-executive Directors, with Mr. Wong Chi Kin as the chairman, who holds the required professional qualifications[124]. - The Audit and Compliance Committee, along with the auditor, reviewed the Group's unaudited interim financial results for the six months ended June 30, 2023[125].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容 而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 Forgame Holdings Limited 雲 遊 控 股 有 限 公 司 (cid:708)(cid:7148)(cid:19387)(cid:7468)(cid:13780)(cid:4902)(cid:16491)(cid:1978)(cid:6208)(cid:12539)(cid:1147)(cid:7481)(cid:19584)(cid:1948)(cid:2600)(cid:709) （股份代號：484） 截至二零二三年六月三十日止六個月的 中期業績公告 雲遊控股有限公司（「本公司」或「雲遊」）董事（「董事」）會（「董事會」）公佈本公司及其附屬 公司（統稱「本集團」或「我們」）截至二零二三年六月三十日止六個月的未經審核合併中期 業績（「中期業績」）。中期業績乃根據國際會計準則第34號「中期財務報告」編製並經由本 公司核數師中匯安達會計師事務所有限公司按照國際審閱準則第2410號「由 ...