Financial Performance - For the fiscal year ending December 31, 2025, the company reported total revenue of approximately RMB 810.2 million, representing a year-on-year increase of 192.8%[3]. - Gross profit for the same period was RMB 743.97 million, reflecting a growth of 213.7% compared to the previous year[3]. - The company achieved a net profit attributable to equity holders of RMB 105.3 million, a significant turnaround from a loss of RMB 44.4 million in the prior year[3]. - Total revenue for the year ended December 31, 2025, increased by 192.8% to approximately RMB 810.2 million from RMB 276.7 million for the year ended December 31, 2024[30]. - Game operation revenue reached approximately RMB 767.4 million, a significant increase of about 221.3% compared to RMB 238.8 million in the previous year, primarily driven by the launch of "One Step Two Steps" in August 2024[31]. - The company reported a net profit of RMB 103.3 million, a significant turnaround from a loss of RMB 46.1 million in the previous year[30]. - The profit for the year ending December 31, 2025, was approximately RMB 103.3 million, compared to a loss of about RMB 46.1 million for the year ending December 31, 2024[43]. - The basic earnings per share for the year was RMB 0.06, compared to a loss per share of RMB (0.03) in the previous year[82]. - The group’s profit before tax for 2025 is RMB 107,781,000, compared to a loss of RMB 44,473,000 in 2024[120]. Game Development and Operations - The company successfully expanded its game portfolio by launching multiple new titles, including the HTML5 adaptation of "Beastly Three Kingdoms," which quickly entered the top 50 in the WeChat mini-game rankings[7]. - The existing game lineup, including long-standing titles like "Gods and Immortals" and "Carrot Defense," continues to contribute stable engagement and revenue, highlighting the enduring appeal of core intellectual properties[8]. - The company launched six new blind box products related to the "Carrot Defense" series, achieving sales of over 250,000 units, with some limited editions selling out within 1.5 hours[9]. - The company plans to launch a diverse range of new games in the HTML5 domain, focusing on immersive experiences[13]. - The company recorded steady performance for the HTML5 game "One Step Two Steps," which entered the revenue phase in 2025[18]. - The cumulative registered users for RPG mobile and online games reached approximately 236.9 million, with online games accounting for about 173.5 million and mobile games for about 63.4 million[22]. - The average Monthly Active Users (MAU) for RPG mobile games decreased from approximately 49,000 to 34,000, a decline of 30.6%, while HTML5 games saw an increase of 156.5% in average MPU from 69,000 to 177,000[23][24]. - The company continues to implement various in-game promotions and updates to enhance user experience and maintain player engagement[26]. Financial Management and Investments - The company has implemented a cautious cash and financial management policy to effectively control costs and minimize capital costs[49]. - The company maintains a diversified investment portfolio, with at least 50% of total investments allocated to risk-free or capital-protected investments[52]. - The company’s investments measured at fair value through other comprehensive income and profit or loss totaled approximately RMB 83.0 million, down from RMB 125.8 million in the previous year[51]. - The company’s bond investments include a notable ordinary bond with a face value of RMB 2.25 million, generating interest income of RMB 2,563,000[53]. - The company’s investment in CLP Financing amounted to approximately RMB 23.0 million, with a coupon rate of 2.25% and a maturity of 10 years[54]. - The company’s operational bank loans are primarily utilized for its research and development center, with an interest rate of approximately 3.5%[50]. Regulatory and Compliance - The company is navigating a complex operational environment, with regulatory improvements in the gaming industry recognized as a positive development for future growth[4]. - Key risks include strict regulatory oversight in the online gaming sector and potential impacts from data privacy compliance failures[10]. - The company has established a game content review team to ensure compliance with relevant laws and regulations[11]. - The company is dedicated to adhering to regulations that protect minors from harmful online content and gaming[80]. - As a listed company on the Hong Kong Stock Exchange, the company must comply with the Companies Ordinance and other relevant regulations[81]. Corporate Governance - The company is committed to maintaining high standards of corporate governance to protect shareholder interests and enhance corporate value[156]. - The chairman and CEO roles are held by the same individual, which the board believes is beneficial for the company's business outlook[157]. - The company will continue to regularly review and monitor its corporate governance practices to ensure compliance with applicable standards[158]. - The company has adopted a standard code for securities trading, with all directors confirming compliance for the year ending December 31, 2025[159]. Future Outlook and Strategy - The strategic focus for 2025 includes enhancing user engagement and community vitality through upgraded programs and offline exhibitions[9]. - The company is focused on attracting and retaining talent to maintain the competitiveness of its development and operations teams[17]. - The company will continue to seek new business development opportunities despite no significant acquisitions or sales of subsidiaries or joint ventures during the year[67]. - The company will continue to optimize its AI-focused R&D system and maintain stable R&D investment to support long-term product innovation and technological advancement[65].

飛魚科技國際有限公司 （於 開 曼 群 島 註 冊 成 立 的 有 限 公 司） （股 份 代 號：1022） 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 全部或任何部分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。 承董事會命 飛魚科技國際有限公司 Feiyu Technology International Company Ltd. 董事會會議日期 飛魚科技國際有限公司（「本公司」）董 事（「董 事」）會（「董事會」）謹 此 宣 佈，本 公 司 謹訂於二零二六年三月二十七日（星 期 五）舉 行 董 事 會 會 議，旨 在（其 中 包 括）審 議及批准本公司及其附屬公司截至二零二五年十二月三十一日止年度的年度 業 績 公 告 及 其 刊 發，以 及 考 慮 派 付 末 期 股 息（如 有）的 推 薦 建 議。 姚劍軍 香 港，二 零 二 六 年 三 月 十 六 日 於 本 公 告 日 期，董 事 會 由 執 行 董 事 姚 劍 軍 先 生、陳 劍 瑜 ...

I. 法定/註冊股本變動 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2026年2月28日 狀態: 新提交 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 01022 | 說明 | 普通股 | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 500,000,000,000 | USD | 0.0000001 | USD | | 50,000 | | 增加 / 減少 (-) | | | 0 | | | USD | | 0 | | 本月底結存 | | | 500,000,000,000 | USD | 0.0000001 | USD | | 50,000 | 致：香港交易及結算所有限公司 公司名稱: 飛魚科技國際有限公司 呈交日期: 2026年3月4日 本月底法定/註冊股本總額： ...

Group 1 - The company, Feiyu Technology (01022.HK), anticipates a post-tax net profit ranging from approximately RMB 80 million to RMB 120 million for the fiscal year ending December 31, 2025, compared to a post-tax net loss of approximately RMB 46.1 million for the fiscal year ending December 31, 2024 [1] - As of February 27, 2026, Feiyu Technology's stock closed at HKD 0.64, reflecting a 6.67% increase, with a trading volume of 5.9285 million shares and a turnover of HKD 3.8645 million [1] - The company has a market capitalization of HKD 1.05 billion and ranks 34th in the internet media industry [1]

Core Viewpoint - The company, Feiyu Technology (01022.HK), anticipates a significant turnaround in financial performance, projecting a net profit after tax of approximately RMB 80 million to RMB 120 million for the fiscal year ending December 31, 2025, following a net loss of approximately RMB 46.1 million for the fiscal year ending December 31, 2024 [1] Financial Performance - The expected transition to net profit is primarily attributed to substantial revenue growth driven by the HTML5 game "One Step Two Steps," which is set to launch in the second half of 2024 and enter its revenue recovery phase in 2025 [1] - The company also forecasts a reduction in investment losses from a non-listed limited partnership, decreasing from approximately RMB 17.4 million for the fiscal year ending December 31, 2024, to between RMB 6 million and RMB 9 million for the fiscal year ending December 31, 2025 [1] Investment Insights - The anticipated decrease in investment losses is mainly due to changes in the fair value of multiple investments held by the non-listed limited partnership, which focuses on smart systems, automation, and information technology sectors [1]

Core Viewpoint - The company anticipates a significant turnaround from a net loss in 2024 to a net profit in 2025, driven by substantial revenue growth from its HTML5 game and reduced investment losses [1] Financial Performance - The company expects a net profit after tax ranging from approximately RMB 80 million to RMB 120 million for the fiscal year ending December 31, 2025, compared to a net loss of approximately RMB 46.1 million for the fiscal year ending December 31, 2024 [1] - The anticipated profit is primarily attributed to the successful launch and ongoing operations of the HTML5 game "一步两步," which is expected to enter its revenue recovery phase in 2025 [1] Investment Insights - The company projects a reduction in investment losses from approximately RMB 17.4 million for the fiscal year ending December 31, 2024, to between RMB 6 million and RMB 9 million for the fiscal year ending December 31, 2025 [1] - This decrease in investment losses is mainly due to changes in the fair value of multiple investments held by a non-listed limited partnership, which focuses on smart systems, automation, and information technology sectors [1]

Feiyu Technology International Company Ltd. 飛魚科技國際有限公司 （於 開 曼 群 島 註 冊 成 立 的 有 限 公 司） （股 份 代 號：1022） 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 全部或任何部分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。 1) 收 益 大 幅 增 長，主 要 源 於HTML5遊 戲「一 步 兩 步」，該 遊 戲 於 二 零 二 四 年 下 半 年 推 出 並 於 二 零 二 五 年 進 入 回 收 週 期，其 前 期 發 行 及 持 續 營 運 工 作 取 得 可 觀 回 報；及 2) 本集團於一間非上市有限合夥企業投資確認的投資虧損由截至二零二四 年十二月三十一日止年度約人民幣17.4百萬元預期減少至截至二零二五年 十二月三十一日止年度約人民幣6.0百萬元至人民幣9.0百 萬 元。該 減 少 主 要 由 於 該 非 上 市 有 限 合 夥 企 業 多 項 投 資 的 ...

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 公司名稱: 飛魚科技國際有限公司 呈交日期: 2026年2月5日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 01022 | 說明 | 普通股 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 500,000,000,000 | USD | | 0.0000001 | USD | | 50,000 | | 增加 / 減少 (-) | | | 0 | | | | USD | | | | 本月底結存 | | | 500,000,000,000 | USD | | 0.0000001 | USD | | 50,000 | 截至月份: 2026年1月31日 狀態: 新提交 致：香港交易及結算所有限公 ...

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年12月31日 狀態: 新提交 致：香港交易及結算所有限公司 FF301 II. 已發行股份及/或庫存股份變動 | 1. 股份分類 | 普通股 | 股份類別 | | 不適用 | | 於香港聯交所上市 (註1) | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 01022 | 說明 | | 普通股 | | | | | | | | 已發行股份（不包括庫存股份）數目 | | | 庫存股份數目 | | 已發行股份總數 | | | 上月底結存 | | | 1,749,442,062 | | | 0 | | 1,749,442,062 | | 增加 / 減少 (-) | | | | 0 | | | | | | 本月底結存 | | | 1,749,442,062 | | | 0 | | 1,749,442,062 | 公司名稱: 飛魚科技國際有限公司 呈交日期: 2026年1月5日 I. 法定/註冊股本變動 | 1. ...

Core Viewpoint - The Hong Kong stock market saw a collective surge in mobile game stocks, indicating a positive trend in the sector [1] Group 1: Stock Performance - Blueport Interactive rose over 10% [1] - Zhongjiu Mobile and Tanwan increased by over 6% [1] - NetEase and Feiyu Technology both saw gains of over 5% [1] - Boya Interactive climbed over 4% [1] - Friendship Time and Tencent both grew by over 3% [1] - NetDragon, Kingsoft, Bilibili, ZhiJianYueDong, and Seventh Avenue all experienced increases of over 2% [1]