Group 1 - Bilibili's mobile game "Three Kingdoms: Strategizing the World" introduces a new GVG gameplay mode called "Kingdoms' Contest" and plans to launch a GVE mode "Subduing the Rebels" [1] - The game will feature a crossover with the national comic "Fire Phoenix Liao Yuan," allowing players to obtain a limited appearance of "Xiao Meng × Diao Chan" for free [1] - The content upgrade occurs just three months after the game's public launch, indicating Bilibili's commitment to heavy operation [1] Group 2 - Chuangmeng Tiandi announces that its self-developed mobile game "Kara Bichu" will officially launch on all platforms in October [2] - The game is a key part of Chuangmeng Tiandi's dual strategy of "overseas premium distribution + self-developed breakthroughs," aiming to differentiate itself in the competitive two-dimensional market [2] - The success of "Kara Bichu" could validate the company's strategic focus, especially as its current P/E ratio is lower than leading competitors [2] Group 3 - Indian unicorn Hike officially shuts down following a ban on real-money gaming, becoming a significant event after the implementation of the country's online gaming promotion and regulation bill in 2025 [3] - The new law prohibits all online games involving real money transactions, with violators facing severe penalties, which directly impacts Hike's revenue model [3] - Hike's founder, Kavin Bharti Mittal, acknowledged the need for a complete capital restructuring for global expansion, indicating that the current situation is not the best use of capital and time [3]

Company Information [Company Overview](index=3&type=section&id=Company%20Overview) iDreamSky Technology Holdings Limited (Stock Code: 1119), registered in the Cayman Islands, primarily engages in game development and operations, maintaining stable board and committee structures, legal counsel, auditor, registered office, headquarters, and principal place of business in Hong Kong during the reporting period - Company Name: iDreamSky Technology Holdings Limited (創夢天地科技控股有限公司)[1](index=1&type=chunk) - Stock Code: **1119**[1](index=1&type=chunk) - Registered Place: Cayman Islands[1](index=1&type=chunk) - Main Business: Game development and operations[109](index=109&type=chunk) - Chairman and CEO: Mr. Chen Xiangyu[5](index=5&type=chunk) - Auditor: PricewaterhouseCoopers[5](index=5&type=chunk) - Headquarters: 16th Floor, Unit 3, Block A, Kexing Science Park, No. 15 Keyuan Road, Nanshan District, Shenzhen, Guangdong, China[7](index=7&type=chunk) - Listing Date: December 6, 2018[7](index=7&type=chunk) Financial Highlights [Financial Performance Overview](index=5&type=section&id=Financial%20Performance%20Overview) For the six months ended June 30, 2025, the Company's revenue decreased by 18.9% year-on-year to 685,798 thousand RMB, but achieved a turnaround to a profit of 32,952 thousand RMB from a loss of 109,279 thousand RMB in the prior period, with adjusted profit for the period significantly increasing to 95,139 thousand RMB 2025 First Half Key Financial Data (Unaudited) | Indicator | 2025 (thousand RMB) | 2024 (thousand RMB) | Year-on-Year Change | | :--- | :--- | :--- | :--- | | Revenue | 685,798 | 845,223 | -18.9% | | Gross Profit | 289,488 | 291,786 | -0.8% | | Profit/(Loss) Before Income Tax | 34,741 | (107,393) | Turned Loss into Profit | | Profit/(Loss) for the Period | 32,952 | (109,279) | Turned Loss into Profit | | Adjusted Profit for the Period | 95,139 | 3,297 | +2785.0% | Chairman's Report [Overall Performance and Strategy](index=6&type=section&id=Overall%20Performance%20and%20Strategy) In the first half of 2025, the Company focused on its core game business, driven by a "self-developed + overseas premium publishing" strategy, achieving a net profit turnaround and continuously enhancing operational quality and user value - Strategic Focus: Continuously focusing on the core game business, centered around the "self-developed + overseas premium publishing" dual-drive strategy[10](index=10&type=chunk) - Performance Highlights: Achieved a net profit turnaround, with dual improvements in operational quality and user value[10](index=10&type=chunk) [Overseas Premium Game Publishing Business](index=6&type=section&id=Overseas%20Premium%20Game%20Publishing%20Business) Overseas premium game publishing forms the Company's fundamental game business, with classic titles like "Subway Surfers," "Gardenscapes," and "Homescapes" maintaining steady growth through refined operations and IP collaborations, while new games like "Rush Royale," "Hole.io," and "Phantom Spirit War" offer rich reserves for future growth - Business Model: Over 10 years of experience in overseas premium game publishing, forming the Company's fundamental game business[11](index=11&type=chunk) - "Subway Surfers": Remains strong in its 13th year, introducing randomly generated maps and "Super Endless" mode, with a **paying ratio increase of nearly 30%** compared to 2024[11](index=11&type=chunk) - "Gardenscapes" and "Homescapes": Achieved steady growth, launching 6 versions and collaborating with multiple IPs in the first half, with Average Revenue Per Daily Active User (ARPDAU) increasing by **over 9%** year-on-year[12](index=12&type=chunk) - "War Robots": Demonstrated strong vitality and community engagement in 2025, with the "Sky Sword" version, a collaboration with the "Father of Gundam," achieving a record-high Average Revenue Per Daily Active User (ARPDAU) on its launch day, and the Fanbook community user base increasing by **over 36.6%** compared to the end of 2024[12](index=12&type=chunk) - New Game Reserves: "Rush Royale" generated nearly **300 million USD** in overseas gross billing, with global downloads exceeding **80 million**; "Hole.io" overseas gross billing surpassed **70 million USD**; "Phantom Spirit War" supports UGC content[13](index=13&type=chunk) [Self-Developed Business](index=7&type=section&id=Self-Developed%20Business) The self-developed PC version of "Calabiyau" saw its MAU increase by 9.9%, gross billing grow by 74.8%, and paying ratio and Average Revenue Per Monthly Active User (ARPMAU) rise by 23.2% and 59.0% respectively, through content optimization and commercialization adjustments; the mobile version completed three rounds of testing and is expected to launch within the year, while "Delta Force," co-developed with Tencent, has globally launched on PC and mobile, with its Daily Active User (DAU) scale exceeding 20 million in July - "Calabiyau" PC version: MAU increased by **9.9%**, gross billing grew by **74.8%**, paying ratio improved by **23.2%**, and Average Revenue Per Monthly Active User (ARPMAU) rose by **59.0%**[14](index=14&type=chunk) - "Calabiyau" Carnival: Successfully hosted a national university competition, attracting nearly **5,000 players**, with peak online live viewership exceeding **1 million**[14](index=14&type=chunk) - "Calabiyau" Mobile version: Completed three key tests, expected to launch domestically in 2025, with self-propagated new users accounting for **46.5%** of total new users during testing[16](index=16&type=chunk) - "Delta Force": Co-developed with Tencent, globally launched on PC and mobile, with Daily Active User (DAU) scale exceeding **20 million** in July, ranking among the top five in domestic Daily Active User (DAU) scale and top three in game gross billing[16](index=16&type=chunk) [AI Capabilities Fully Integrated into R&D and Operations](index=8&type=section&id=AI%20Capabilities%20Fully%20Integrated%20into%20R%26D%20and%20Operations) The Company is fully advancing the application of AI technology in R&D processes, user services, and gaming experiences, with AI code assistants developed in collaboration with Tencent Cloud improving R&D efficiency by over 30%, a self-developed AI code review platform enhancing code quality, the "Fengsheng" global AI user voice listening platform boosting operational efficiency and "Calabiyau" Steam positive review rate by 24%, and an AI customer service system achieving a 75% self-resolution rate and a 40% reduction in manual intervention - R&D Process: AI code assistants, in collaboration with Tencent Cloud, cover all technical development roles, improving overall R&D efficiency by **over 30%**[18](index=18&type=chunk) - Code Quality: A self-developed AI code review platform has been launched, enhancing code quality and game product quality[18](index=18&type=chunk) - User Services: The self-developed "Fengsheng" global AI user voice listening platform improves strategy response and operational iteration efficiency, boosting "Calabiyau" Steam positive review rate by **24%** and KOL engagement efficiency by **over 30%**[18](index=18&type=chunk) - AI Customer Service: Covers multiple platforms and languages, co-building a knowledge base with Alibaba Tongyi, achieving a **75%** self-resolution rate for high-frequency issues, a **40%** reduction in manual intervention, and **93%** accuracy[18](index=18&type=chunk) [Practicing Corporate Responsibility, Exploring "Games + Public Welfare" New Model](index=8&type=section&id=Practicing%20Corporate%20Responsibility%2C%20Exploring%20%E3%80%8CGames%20%2B%20Public%20Welfare%E3%80%8D%20New%20Model) The Company fulfills its corporate responsibility through a "Games + Public Welfare" model, exemplified by "Subway Surfers" launching a "Shenzhen 45th Anniversary" special edition to promote urban culture and tourism, and "Calabiyau" incorporating traditional Chinese cultural elements like shadow play art and the Chinese zodiac; the Company was again recognized as a "National Key Cultural Export Enterprise" in 2025 and actively participates in the "Pomegranate Seed Program" and "Green and Beautiful Guangdong Ecological Construction" - Cultural Promotion: "Subway Surfers" launched a "Shenzhen 45th Anniversary" special edition, contributing to cultural tourism integration and urban image building[20](index=20&type=chunk) - Integration of Traditional Culture: "Calabiyau" incorporates traditional cultural elements such as shadow play art, the Chinese zodiac, and traditional Chinese attire[20](index=20&type=chunk) - Accolades: Re-awarded "National Key Cultural Export Enterprise" in 2025[20](index=20&type=chunk) - Philanthropic Engagement: Collaborated with China Audio-Video and Digital Publishing Association to promote the "Pomegranate Seed Program," supporting the growth of youth in border and ethnic regions; participated in the "Green and Beautiful Guangdong Ecological Construction"[20](index=20&type=chunk) [Conclusion](index=9&type=section&id=Conclusion) The Chairman emphasized the Company's continued commitment to users, strengthening foundations, and persistent innovation, aiming to reward users with quality content and shareholders with long-term value, collectively creating a better future - Core Philosophy: Rooting in users, strengthening foundations, and persistent innovation are the sole paths for enterprises to navigate cycles and achieve value leaps[22](index=22&type=chunk) - Future Commitment: To reward users with quality content and shareholders with long-term value[22](index=22&type=chunk) Management Discussion and Analysis [Overall Financial Performance](index=10&type=section&id=

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]

Group 1 - The company, Dreamland (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] - The stock options will allow the grantees to subscribe for one share for each option granted, but the grant is subject to acceptance by the grantees [1] - The options are set to be granted on September 3, 2025 [1]

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]