iDreamSky Technology Holdings Limited 創夢天地科技控股有限公司 （於開曼群島註冊成立的有限公司） 股份代號 : 1119 中期報告 iDreamSky Technology Holdings Limited 創夢天地科技控股有限公司 (Incorporated in the Cayman Islands with limited liability) Stock Code : 1119 INTERIM REPOR T iDreamSky Technology Holdings Limited 創夢天 地科技控股有限公 司 非執行董事 張 涵先生 楊 明先生 獨立非執行董事 Interim Report 2025 中期報告 目錄 | 公司資料 | 2 | | --- | --- | | 財務摘要 | 4 | | 主席報告 | 5 | | 管理層討論與分析 | 9 | | 企業管治╱其他資料 | 17 | | 中期簡明綜合全面收益表 | 28 | | 中期簡明綜合財務狀況表 | 30 | | 中期簡明綜合權益變動表 | 32 | | 中期簡明綜合現金流量表 | 33 | | ...

Core Insights - The company achieved a revenue of 686 million yuan and a net profit of 32.95 million yuan, marking a turnaround from losses, with operating cash flow increasing by 71.2% year-on-year [1] - The integration of AI technology has significantly improved operational efficiency, with a 40% reduction in human intervention and a 93% accuracy rate in customer service [1] - The game "Kara Bichu" has seen a 9.9% increase in monthly active users and a substantial revenue growth of 74.8%, with both payment rate and average payment per active user rising by 23.2% and 59% respectively [1][12] Financial Performance - The mid-term financial report for 2025 shows a revenue of 686 million yuan and a net profit of 32.95 million yuan, indicating a successful turnaround [1] - Operating cash flow reached 57.86 million yuan, reflecting a year-on-year growth of 71.2% [1] AI Integration - The AI customer service system has been implemented across multiple platforms, achieving a 75% self-resolution rate for high-frequency issues and reducing human intervention by 40% [1] - R&D efficiency has improved by over 30%, enhancing code quality and game quality [1] Game Performance - "Kara Bichu" has experienced a 9.9% increase in monthly active users, with a revenue increase of 74.8% [1][12] - The game has also improved its Steam rating by 24% due to the implementation of the AI customer service system [1] Strategic Shift - The company has shifted its strategic focus from competitive gameplay to enhancing user experience and diversifying gameplay options [3][8] - The introduction of casual modes and features aimed at lowering the entry barrier for new players reflects this strategic pivot [5][8] Market Positioning - The company is positioning "Kara Bichu" to appeal to a broader audience, particularly younger players, by emphasizing its unique anime aesthetic and gameplay mechanics [2] - Collaborations with various organizations in Saudi Arabia have increased the game's global visibility [4] Future Outlook - The upcoming mobile version of "Kara Bichu" is anticipated to further enhance the company's market presence and user engagement [12] - The management's willingness to adapt and innovate suggests a proactive approach to capturing market opportunities [12]

Group 1 - The company, Chuangmeng Tiandi (01119), announced the granting of a total of 900,000 stock options to two employees (non-directors) under the new stock option plan for 2023 [1] - Each stock option granted allows the recipient to subscribe for one share of the company's stock, but the grant is subject to acceptance by the recipients [1]

智通财经APP讯，创梦天地(01119)发布公告，公司根据2023年新购股权计划于2025年9月3日向2名雇员 (非董事)授出合共90万份购股权(获授予购股权的承授人有权就每份购股权认购1股股份)，惟须待承授人 接纳方可作实。 ...

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之內容概不負責，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之任何損失承擔任何責任。 iDreamSky Technology Holdings Limited ࡋỖཙൠ、ᢰ᧗㛑ᴹ䲀ޜਨ （於開曼群島註冊成立的有限公司） （股份代號：1119） 根據2023年新購股權計劃授出購股權 本公告乃本公司根據上市規則第17.06A、17.06B及17.06C條作出。 董事會宣佈，本公司根據2023年新購股權計劃於2025年9月3日向2名僱員（非董 事）授出合共900,000份購股權（獲授予購股權的承授人有權就每份購股權認購1 股股份），惟須待承授人接納方可作實。 授出購股權 所授出購股權的詳情如下： 授出購股權的數目（份）： 900,000 授出購股權的行使價： 1.152港元 表現目標*： 自授出日期起每12個月為一個評估期。承授人於每個 評估期的購股權歸屬百分比根據其年度綜合績效評 分進行調節。 – 1 – 授出日期： 2025年9月3日 承授人類別： 僱員（非董事） 獲授人數： 2人 股份 ...

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8月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 创梦天地科技控股有限公司 呈交日期: 2025年9月3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) | 01119 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 5,000,000,000 | USD | | 0.0001 | USD | | 500,000 | | 增加 / 減少 (-) | | | | | | | USD | | | | 本月底結存 | | | 5,000,000,000 | USD | | 0.0001 | USD | | 500,000 | 本月底法定/註冊股本 ...

Core Viewpoint - The company reported a significant increase in revenue and net profit for the mid-term of 2025, indicating strong operational performance and a solid foundation for long-term growth [1][2]. Financial Performance - The company achieved a revenue of 686 million yuan and a net profit of 32.95 million yuan, with an operating cash inflow of 57.86 million yuan, reflecting a year-on-year growth of 71.2% [1]. Business Strategy - The company focuses on long-term operations by introducing overseas premium games with clear user positioning and stable revenue streams, enhancing user value through refined operations [1]. - Classic products like "Subway Surfers," "Dream Garden," and "Dream Home" contributed to stable income, with "Dream Garden" showing a more than 9% year-on-year increase in average monthly active user spending [1]. Product Development - The company is deploying advanced large models in various aspects of game development, leading to improved overall R&D efficiency and game quality [2]. - The self-developed global user voice analysis platform "Fengsheng" and AI customer service system have enhanced user feedback and reduced manual intervention during the global launch of "Karabichu" [2]. Upcoming Releases - The second half of 2025 will see a concentrated release of new products, including "Karabichu," which has shown strong market potential during testing, with 46.5% of new users coming from organic spread [2]. - The company plans to launch several overseas agency games, including "Chong Chong Qibing," further diversifying its revenue sources [2]. Leadership Perspective - The chairman emphasized the company's commitment to long-termism, focusing on core gaming business and continuously creating quality content and value for users, which is seen as essential for navigating cycles and achieving value transitions [2].

Core Insights - Company reported a revenue of 686 million and a net profit of 32.95 million for the first half of 2025, with a year-on-year operating cash flow increase of 71.2% [1] Group 1: Strategic Focus and Performance - The company has adopted a dual-driven strategy focusing on "overseas premium distribution + self-developed" to enhance operational quality and user value, achieving both scale and efficiency improvements [2] - Key titles such as "Subway Surfers," "Dream Garden," and "Dream Home" have contributed stable revenue, with "Subway Surfers" seeing a nearly 30% increase in payment rate compared to 2024 [2] - Newly introduced games like "Mecha Squad" and "Legendary Store: Management and Creation" have shown strong performance, with "Mecha Squad" community user engagement increasing by 36.6% [2] Group 2: Self-Development and Market Expansion - The self-developed game "Karabichu" has successfully penetrated a niche market with a 9.9% increase in monthly active users and a 74.8% increase in revenue [3] - The collaboration with Tencent on "Delta Action" has resulted in over 20 million daily active users, positioning it among the top products in the industry [3] Group 3: AI and Operational Efficiency - The company has implemented AI technology and refined cost control measures, leading to significant operational efficiency improvements, including a 40% reduction in human intervention for customer service [4] - The deployment of advanced models in R&D has enhanced overall efficiency by over 30%, improving code quality and game quality [4] Group 4: Product Pipeline and Global Expansion - The second half of 2025 will see a concentrated product launch period, with strong growth potential from titles like "Karabichu" expected to launch domestically [5] - The company plans to introduce several overseas agency games, further diversifying revenue sources, with "Chong Chong Qibing" being a notable title entering the Chinese market [5] Group 5: Innovation and Future Outlook - The management is actively exploring Web3, digital assets, and RWA, with a focus on connecting digital assets with users in overseas markets [6] - The company has established a Web3 technology product team and integrated with compliant payment gateway Alchemy to enhance payment systems for global versions of its games [6] - The chairman emphasized a long-term commitment to core gaming business and innovation as essential for value creation and resilience through market cycles [7]

Core Insights - The company reported a revenue of 686 million and a net profit of 32.95 million for the first half of 2025, with a significant operating cash inflow of 57.86 million, marking a year-on-year growth of 71.2% [1] Group 1: Strategic Focus and Performance - The company has effectively implemented a dual-driven strategy focusing on "overseas premium distribution + self-developed" games, enhancing operational quality and user value, leading to both scale and efficiency improvements [3] - The publishing business emphasizes long-term operations, continuously introducing overseas premium games with clear user positioning and stable revenue streams, resulting in consistent income from classic products like "Subway Surfers" and "Dream Garden" [3] - The self-developed game "Kara Bichu" has successfully opened up a niche market with a differentiated positioning, achieving a 9.9% increase in monthly active users and a 74.8% increase in revenue during the first half of 2025 [4] Group 2: AI and Operational Efficiency - The company has leveraged AI technology and refined cost control to achieve a significant enhancement in operational efficiency, with AI customer service systems covering multiple platforms and achieving a 40% reduction in human intervention [6] - The deployment of advanced models in research and development has led to over a 30% improvement in overall R&D efficiency, enhancing code quality and game quality [6] Group 3: Product Pipeline and Global Expansion - The company is entering a product-rich release period in the second half of 2025, with strong growth momentum expected from upcoming titles like "Kara Bichu" and several overseas agency games [8] - The company has established a robust capability system focused on localized content development, precise customer acquisition, and deep commercialization, supporting its overseas expansion efforts [8] Group 4: Innovation and Future Outlook - The management is actively exploring innovative fields such as Web3 and digital assets, forming a dedicated Web3 technology product team and integrating with compliant payment gateways [9] - The chairman emphasized a long-term commitment to core gaming business and innovation, believing that focusing on user needs and solid foundations is essential for value creation [10]

Core Insights - The company, Chuangmeng Tiandi (01119), reported a mid-term performance for the six months ending June 30, 2025, with revenue of 686 million RMB, a gross profit of 289 million RMB, and a net profit attributable to shareholders of 28.514 million RMB, marking a turnaround from a loss of 110 million RMB in the same period last year [1][1][1] - The gaming segment remains the primary revenue driver, contributing 97.5% and 97.3% of total revenue for the periods ending June 30, 2025, and 2024, respectively [1][1][1] - The company’s core games, including "Subway Surfers," "Dream Garden," "Dream Home," and "Mecha Squad," continue to generate significant revenue, while new releases like "Legendary Store: Management and Crafting" and the jointly developed "Delta Action" with Tencent have also performed well [1][1][1]