智通财经APP讯，多牛科技(01961)发布公告，预期本集团截至2025年6月30日止6个月可能取得人民币 3300万元至人民币3800万元之间的期内亏损，而截至2024年6月30日止6个月(相应期间)则取得期内亏损 约人民币1950万元。董事会相信本集团业绩下滑主要由于(其中包括)：本集团的收益较相应期间显著减 少，此乃主要由于现有游戏的营运周期已经结束，而新游戏尚未推出。因此，本集团手机游戏分部产生 的收益显著减少;而本集团已投放所有资源开发新游戏，故数字媒体产生的收益下滑;及贸易应收款项减 值拨备增加，此乃由于宏观经济环境不景气。 ...

格隆汇8月22日丨多牛科技(01961.HK)发布公告，公司预期截至2025年6月30日止六个月可能录得介于人 民币33百万元至人民币38百万元之间的期内亏损，而相应期间则录得期内亏损约人民币19.5百万元。 董事会相信集团业绩下滑主要由于（其中包括）：—集团的收益较相应期间显著减少，此乃主要由于现 有游戏的营运周期已经结束，而新游戏尚未推出。因此，集团手机游戏分部产生的收益显著减少；而集 团已投放所有资源开发新游戏，故数字媒体产生的收益下滑；及—贸易应收款项减值拨备增加，此乃由 于宏观经济环境不景气。 ...

本公告由多牛科技國際（ 開曼 ）集團有限公司（「本公司」，連同其附屬公司統稱「本 集 團」）根 據 香港 聯 合交 易 所有 限公 司 證券 上 市規 則（「上市 規 則」）第 13.09 (2) 條 及 香 港 法 例 第 571 章 證 券 及 期 貨 條 例 第 XIVA 部 內 幕 消 息 條 文（ 定 義 見 上 市 規 則 ）作 出。 本公司董事（「董事」）會（「董事會」）謹此知會本公司股東（「股東」）及有意投資者， 根據對本集團截至二零二五年六月三十日止六個月（「本期間」）之未經審核綜合管 理賬目及本公司目前可得資料之初步評估，預期本集團截至二零二五年六月三十 日止六個月可能錄得介乎人民幣33百萬元至人民幣38百萬元之間之期內虧損，而 截至二零二四年六月三十日止六個月（「相應期間」）則錄得期內虧損約人民幣19.5 百萬元。 董事會相信本集團業績下滑主要由於（ 其中包括 ）： 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，並明確表示概不就因本公告全部或 任何部份內容而產 ...

格隆汇8月19日丨多牛科技(01961.HK)公布，公司将于2025年8月29日召开董事会会议，以（其中包括） 审议及通过集团截至2025年6月30日止六个月的中期业绩及其发布，以及宣派中期股息（如有）。 ...

多牛科技國際（ 開曼 ）集團有限公司（「本公司」，連同其附屬公司統稱「本集團」）之 董事會（「董事會」）謹此宣佈，本公司將於2025年8月29日（ 星期五 ）舉行董事會會 議，以（ 其中包括 ）考慮及批准本集團截至2025年6 月30 日止六個月之未經審核的 中期業績及其刊發，及考慮宣派中期股息（ 如有 ），以及處理其他事項。 承董事會命 多牛科技國際（開曼）集團有限公司 主席 李強 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。 Infinities Technology International (Cayman) Holding Limited 多 牛 科 技 國 際（ 開 曼 ）集 團 有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：1961） 董事會會議召開日期 於本公告日期，董事會由兩名執行董事李強先生及王樂先生；三名非執行董事王 寧先生、梁俊華先生及王艷女士 ...

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 致：香港交易及結算所有限公司 公司名稱: 多牛科技國際(開曼)集團有限公司 呈交日期: 2025年8月6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) | 01961 | 說明 | 不適用 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 2,000,000,000 | HKD | | 0.01 | HKD | | 20,000,000 | | 增加 / 減少 (-) | | | 0 | | | | HKD | | 0 | | 本月底結存 | | | 2,000,000,000 | HKD | | 0.01 | HKD | | 20,000,000 | 本月底法定/註冊股本總額： HKD 20, ...

Financial Performance - For the fiscal year ending December 31, 2024, the company's revenue decreased by RMB 5.4 million or 2.0% to approximately RMB 258.5 million from RMB 263.9 million in the previous fiscal year[12]. - Gross profit for the same period fell by RMB 5.5 million or 14.4% to approximately RMB 32.7 million, primarily due to a decline in gross profit contribution from the mobile gaming business[12]. - The net loss for the fiscal year 2024 was approximately RMB 50.9 million, a decrease from the net loss of RMB 53.8 million in fiscal year 2023, primarily due to an increase in other income and gains of approximately RMB 10.9 million and a reduction in research and development expenses of approximately RMB 7.9 million[13]. - The company reported a total revenue of RMB 153,568,000 for the fiscal year 2024[91]. - The company incurred a net loss of RMB 25,469,000 during the same period[91]. - The gross profit decreased by RMB 5.5 million or 14.4% to approximately RMB 32.7 million in fiscal year 2024, primarily due to a decline in gross profit contribution from the mobile gaming business[133]. - The company reported a net loss of approximately RMB 50.9 million for fiscal year 2024, compared to a net loss of RMB 53.8 million in fiscal year 2023, indicating a narrowing of losses[133]. Assets and Equity - Non-current assets increased significantly to RMB 134.4 million in 2024 from RMB 38.9 million in 2023, indicating a strong investment in long-term assets[7]. - Current assets also rose to RMB 416.2 million in 2024 from RMB 189.3 million in 2023, reflecting improved liquidity and operational capacity[7]. - Total assets reached RMB 550.6 million in 2024, a substantial increase from RMB 228.2 million in 2023, showcasing overall growth in the company's financial position[7]. - The total equity increased to RMB 179.3 million in 2024 from RMB 116.5 million in 2023, indicating a stronger capital base[7]. Business Development and Strategy - The company has expanded into AI application development and related services, enhancing its technological capabilities and product offerings[10]. - The company aims to integrate AI technology into its existing business lines to improve user engagement and operational efficiency[10]. - The company plans to leverage the wave of artificial intelligence technology to enhance digital entertainment services, focusing on mobile game development, digital media development, and overseas market expansion[14]. - By 2025, the company aims to deepen its integration of artificial intelligence technology into mobile games and digital media, enhancing user experience and engagement[15]. - The company continues to explore new business models and opportunities in response to trends in the domestic internet market[11]. Market Performance - The mobile gaming segment experienced a revenue decline of approximately RMB 70.5 million, while the digital media segment saw an increase of about RMB 88.8 million[12]. - The number of paying players decreased by 74.5% from 1,833.8 thousand in 2023 to 468.4 thousand in 2024[138]. - Average monthly paying users dropped by 74.5% from 152.8 thousand in 2023 to 39.0 thousand in 2024[138]. - Mobile game revenue fell by 48.3% from approximately RMB 146.0 million in 2023 to approximately RMB 75.5 million in 2024[140]. Funding and Financial Management - The company has raised approximately RMB 88.18 million from the first share placement, with all funds allocated for game product and AI product development, game sector expansion, digital media sector expansion, and working capital[34]. - The net proceeds from the second placement as of December 31, 2024, amounted to RMB 25.32 million, fully utilized for R&D, game expansion, and working capital[35]. - The net proceeds from the third placement raised approximately RMB 12.96 million on March 28, 2024, and were fully utilized by December 31, 2024[36]. - The company has incurred loans from subsidiaries amounting to approximately RMB 3.2 million and interest-bearing loans of RMB 3.0 million during the fiscal year 2024[30]. - The company has adopted a prudent cash and financial management policy to minimize funding costs and enhance cost control[155]. Corporate Governance - The board of directors has committed to maintaining high standards of corporate governance and has appointed a female director to enhance gender diversity on the board[163]. - The company has established formal and informal channels for independent non-executive directors to express their opinions, including regular board evaluations and closed-door meetings with the chairman[178]. - The company has implemented internal control and risk management systems, with the senior management team responsible for monitoring the budget adopted by the board[171]. - The company is committed to compliance with listing rules, having appointed independent non-executive directors to meet the requirements[174]. - The board has confirmed that corporate governance is a shared responsibility among directors, including compliance with legal and regulatory requirements[192]. Shareholder Information - As of December 31, 2024, Mr. Wang Le holds a 61.39% stake in the company through Infinities Global, which is controlled by him and his associates[44]. - Major shareholders include Ms. An Fenghua and Infinities Cayman, each holding 450,776,711 shares, representing 61.39% of total shares[46]. - The company has no provisions for preemptive rights in its articles of association or under Cayman Islands law[38]. - The shareholders have pledged their shares according to the equity pledge agreement, which has been registered with the relevant Chinese regulatory authorities[85]. Compliance and Legal Matters - The company has complied with relevant laws and regulations that significantly impact its operations during the fiscal year 2024[23]. - The company is closely monitoring developments in Chinese laws and regulations to ensure compliance and maintain control by Chinese investors[94]. - The company may face risks related to contractual arrangements that may not be enforceable under Chinese law[102]. - The company has taken measures to ensure compliance with contractual arrangements and has received exemptions from strict adherence to certain listing rules[106].

Financial Performance - Revenue for the fiscal year ending December 31, 2024, decreased by 2.0% to approximately RMB 258.5 million from RMB 263.9 million in the previous fiscal year[8]. - Gross profit for the same period fell by 14.4% to approximately RMB 32.7 million, down from RMB 38.2 million[8]. - Net loss for the fiscal year 2024 was approximately RMB 50.9 million, an improvement from a net loss of RMB 53.8 million in fiscal year 2023[9]. - The decrease in net loss was primarily due to an increase in other income and net gains of approximately RMB 10.9 million and a reduction in research and development expenses by approximately RMB 7.9 million[9]. - Revenue for the fiscal year ending December 31, 2024, is projected to be RMB 258,478 thousand, a decrease of 2.0% compared to RMB 263,880 thousand for the previous year[15]. - The gross profit margin decreased by 14.4%, from RMB 38,197 thousand to RMB 32,679 thousand[15]. - The company reported a total of RMB 258,478,000 in revenue from customer contracts in 2024, slightly lower than RMB 263,880,000 in 2023, marking a decrease of around 2%[59]. - The group reported a pre-tax loss of RMB 51,015,000 for the year, compared to a loss of RMB 53,320,000 in the previous year, indicating a slight improvement[65]. Expenses and Costs - Administrative expenses increased by 23.2%, from RMB 37,578 thousand to RMB 46,294 thousand[15]. - Mobile game revenue decreased significantly from approximately RMB 146.0 million to approximately RMB 75.5 million, a reduction of RMB 70.5 million or 48.3% due to intense competition and insufficient promotional effectiveness[16]. - Research and development expenses decreased by 30.5%, from RMB 25,863 thousand to RMB 17,967 thousand[15]. - Employee benefits expenses increased to RMB 23,666 million from RMB 16,715 million, reflecting a rise of approximately 41%[61]. - The cost of sales for the year was RMB 225,799 million, slightly up from RMB 225,683 million in the previous year[61]. Income and Gains - Other income and gains increased significantly by 472.5%, from RMB 2,300 thousand to RMB 13,168 thousand[15]. - Other income for the year was CNY 13,168,000, significantly higher than CNY 2,300,000 from the previous year, marking an increase of over 471%[38]. - The company reported a foreign exchange gain of CNY 3,496,000 for the year, compared to CNY 2,837,000 in the previous year, an increase of about 23.2%[39]. Market and Strategic Focus - The company plans to leverage artificial intelligence technology to enhance its digital entertainment services and improve user experience[10]. - The company aims to increase investment in mobile game development, digital media development, and overseas market expansion[11]. - The company will continue to explore the integration of artificial intelligence technology with its business operations to create innovative product offerings[11]. - The company plans to strengthen mobile game development and actively expand into overseas markets through collaborations with well-known intellectual property and gaming companies[12]. - The company is focusing on improving its operational efficiency and exploring potential mergers and acquisitions to strengthen its market position[54]. Shareholder and Governance - No final dividend is recommended for the fiscal year ending December 31, 2024[6]. - The company established an audit committee to review and supervise the financial reporting system and internal controls[80]. - The audit committee consists of three members, all independent non-executive directors, ensuring appropriate professional qualifications[80]. - The company has adhered to all applicable corporate governance rules during the period from January 1, 2024, to March 27, 2025, except for the requirement regarding board gender diversity, which was addressed by appointing a female non-executive director on March 28, 2025[84]. Assets and Liabilities - Cash and cash equivalents as of December 31, 2024, totaled approximately RMB 3.9 million, down from RMB 37.2 million as of December 31, 2023, mainly due to a decline in business cash recovery ability[28]. - The total liabilities for current liabilities rose to RMB 353,972,000 from RMB 104,516,000 year-over-year[40]. - The company reported a significant increase in trade receivables, reaching RMB 152,689,000 from RMB 84,753,000[40]. - Trade payables amounted to RMB 129,731,000, compared to RMB 59,275,000 in the previous year[69]. Future Outlook - Future guidance indicates a cautious outlook, with expectations of gradual recovery in revenue as new products are launched and market conditions improve[54]. - The company plans to enhance its market expansion strategies and invest in new product development to counteract declining revenues[54].

Financial Performance - Revenue for the fiscal year ending December 31, 2024, decreased by 2.0% to approximately RMB 258.5 million from RMB 263.9 million in the previous fiscal year[8]. - Gross profit for the same period fell by 14.4% to approximately RMB 32.7 million, down from RMB 38.2 million[8]. - The net loss for the fiscal year 2024 was approximately RMB 50.9 million, an improvement from a net loss of RMB 53.8 million in fiscal year 2023, narrowing the loss by 5.4%[9]. - Other income and gains increased significantly by 472.5%, from RMB 2,300 thousand to RMB 13,168 thousand[15]. - Research and development expenses decreased by 30.5%, from RMB 25,863 thousand to RMB 17,967 thousand[15]. - The gross profit margin decreased by 14.4%, from RMB 38,197 thousand to RMB 32,679 thousand[15]. - The company reported a foreign exchange gain of CNY 3,496,000 for the year, compared to CNY 2,837,000 in the previous year, an increase of about 23.2%[39]. - The total revenue for the year ended December 31, 2023, was RMB 13,168 million, compared to RMB 2,300 million in the previous year, representing a significant increase[60]. - The group reported a gross profit of RMB 10,339 million for the year, with a cost of sales amounting to RMB 225,799 million[61]. - The net loss attributable to ordinary equity holders of the parent company for the year was RMB 51,015,000, compared to RMB 53,320,000 in the previous year[65]. Revenue Breakdown - The decrease in revenue was primarily due to a reduction of approximately RMB 70.5 million from mobile gaming, while digital media revenue increased by approximately RMB 88.8 million[8]. - Mobile gaming revenue decreased by approximately RMB 70.5 million or 48.3% to approximately RMB 75.5 million for the year ending December 31, 2024, primarily due to intense competition and insufficient promotional effectiveness[16]. - Digital media revenue increased by approximately RMB 88.8 million or 134.2% to approximately RMB 155.0 million for the year ending December 31, 2024, driven by business restructuring and new AI application development[19]. - Revenue from external customers in Mainland China reached RMB 118,099,000 in 2024, compared to RMB 159,414,000 in 2023, indicating a decline of approximately 26%[54]. - Major customer revenue from gaming products amounted to RMB 27,974,000 in 2024, down from RMB 45,612,000 in 2023, representing a decline of approximately 39%[55]. - Revenue from key customers contributing over 10% of total revenue included Customer A with RMB 48,659,000 in 2024, down from RMB 70,285,000 in 2023, a decrease of about 31%[56]. - Revenue from advertising services decreased from RMB 111,547,000 in 2023 to RMB 38,579,000 in 2024, a decline of about 65%[59]. Cost and Expenses - Sales cost increased by approximately RMB 0.1 million or 0.1% to approximately RMB 225.8 million for the year ending December 31, 2024, with sales cost accounting for about 87.4% of total revenue[17]. - Sales and distribution expenses increased by approximately RMB 0.5 million or 6.5% to approximately RMB 7.9 million for the year ending December 31, 2024, mainly due to increased employee benefits[18]. - Administrative expenses increased by approximately RMB 8.7 million or 23.2% to approximately RMB 46.3 million for the year ending December 31, 2024, primarily due to increased employee benefits and professional fees[20]. - The total employee cost for the year ending December 31, 2024, is approximately RMB 26.6 million, with the workforce increasing to 115 employees from 51 employees as of December 31, 2023[34]. - Employee benefits expenses increased to RMB 23,666 million from RMB 16,715 million year-on-year, indicating a rise in personnel costs[61]. Strategic Initiatives - The company plans to increase investment in mobile game development, digital media development, AI technology development, and overseas market expansion[11]. - The company aims to integrate AI technology into its business to enhance product iteration and user engagement[7]. - The company has expanded into AI application development and related services, providing superior AI products and services to partners[7]. - The company will continue to optimize its existing business structure to ensure stable growth[7]. - The company will enhance its advertising sales services, offering more integrated marketing solutions to clients[11]. - The company will continue to deepen its focus on artificial intelligence technology, enhancing product application and user experience[12]. - The company plans to strengthen mobile game development and actively expand into overseas markets through partnerships with well-known intellectual property and gaming companies[12]. - The company plans to enhance its product offerings and expand into new markets, focusing on innovative technologies and strategic partnerships[58]. Financial Position and Liquidity - Cash and cash equivalents as of December 31, 2024, total approximately RMB 3.9 million, down from RMB 37.2 million as of December 31, 2023, due to a decline in business cash recovery ability[28]. - As of December 31, 2024, the company has bank borrowings of RMB 3 million, compared to none as of December 31, 2023, resulting in a debt-to-asset ratio of 1.1%[29]. - The group reported a net cash outflow from operating activities of RMB 55 million for the year ending December 31, 2024[74]. - The group has secured a long-term loan of HKD 250 million from an entity whose controlling shareholder has been appointed as a non-executive director of the company, effective March 28, 2025[51]. - The board is implementing multiple plans and measures to improve the group's liquidity and financial position, including a cash flow forecast covering at least the next 12 months[49]. - There is significant uncertainty regarding the group's ability to continue as a going concern, dependent on timely funding and the appropriateness of cash flow forecasts[50]. - The board believes that, considering the plans and measures in place, the group will have sufficient operating funds to meet its financial obligations over the next 12 months[49]. Acquisitions and Investments - The company completed the acquisition of Infinities Wonder Limited for HKD 134.82 million on April 24, 2024, which has become a wholly-owned subsidiary[31]. - The identifiable net assets of IWL at the acquisition date were valued at RMB 39,137,000, with goodwill recognized at RMB 61,279,000[71]. - The group acquired 100% of Infinities Wonder Limited (IWL) for RMB 84,761,000, enhancing product diversification and business portfolio[70]. Governance and Compliance - The audit committee has been established in accordance with listing rules and is responsible for reviewing the financial reporting system and internal controls[80]. - The audit committee consists of three members, all independent non-executive directors, ensuring appropriate professional qualifications in accounting or financial management[80]. - The independent auditor's report confirms that the consolidated financial statements fairly reflect the group's financial position as of December 31, 2024[73]. - The company has adhered to all applicable corporate governance rules during the period from January 1, 2024, to March 27, 2025, except for the requirement regarding board gender diversity, which was addressed by appointing a female director on March 28, 2025[84].

Financial Performance - The company's revenue decreased by approximately RMB 8.9 million or 6.2% to about RMB 133.9 million in the first half of 2024, compared to approximately RMB 142.8 million in the same period of 2023[20]. - Gross profit fell by approximately RMB 2.5 million or 10.6% to about RMB 21.2 million in the first half of 2024, down from approximately RMB 23.7 million in the first half of 2023[23]. - The company reported a loss of RMB 19.5 million in the first half of 2024, an increase of 84.5% compared to a loss of RMB 10.5 million in the same period of 2023[20]. - The company's revenue decreased from approximately RMB 142.8 million in the first half of 2023 to approximately RMB 133.9 million in the first half of 2024, a decline of 6.2%[31]. - The gross profit fell from approximately RMB 23.7 million in the first half of 2023 to approximately RMB 21.2 million in the first half of 2024, a decrease of 10.6%[31]. - The company's loss increased from approximately RMB 10.5 million in the first half of 2023 to approximately RMB 19.5 million in the first half of 2024, an increase of 85.7%[31]. - The company reported a loss before tax of RMB 19,314 thousand for the six months ended June 30, 2024, compared to a loss of RMB 10,193 thousand in 2023, indicating an increase in losses of about 89.6%[96]. - Total comprehensive loss for the six months ended June 30, 2024, was RMB 20,616 thousand, compared to RMB 7,355 thousand in 2023, representing an increase of approximately 180.5%[98]. Asset and Equity Changes - Non-current assets increased by 307.0% to RMB 158.2 million as of June 30, 2024, compared to RMB 38.9 million as of December 31, 2023[20]. - Total assets rose by 75.8% to RMB 400.9 million as of June 30, 2024, compared to RMB 228.2 million as of December 31, 2023[20]. - The total equity increased by 98.7% to RMB 231.4 million as of June 30, 2024, compared to RMB 116.5 million as of December 31, 2023[20]. - The total equity attributable to the parent company increased to RMB 225,491 thousand as of June 30, 2024, from RMB 111,159 thousand at the end of 2023, representing a growth of approximately 102.5%[101]. Revenue Streams - The company experienced a decrease in revenue from mobile gaming by approximately RMB 9.3 million, while revenue from digital media increased by approximately RMB 31.4 million[23]. - Mobile game revenue fell by approximately RMB 9.3 million or 16.5% from RMB 56.2 million in the first half of 2023 to RMB 46.9 million in the first half of 2024, mainly due to a reduction in the number of promoted games[38]. - Digital media content distribution revenue increased by approximately RMB 31.4 million or 66.8% from RMB 47.1 million in the first half of 2023 to RMB 78.5 million in the first half of 2024, driven by stable growth in advertising distribution services[39]. - Revenue from mobile game development and operation was RMB 46,760,000, down 15% from RMB 54,833,000 in the previous year[121]. - Revenue from advertising agency services increased significantly to RMB 53,724,000, up 118% from RMB 24,633,000 in the prior year[121]. User Metrics - The number of paying users dropped by 68.9%, from 680,000 in the first half of 2023 to 211,300 in the first half of 2024[33]. - The average revenue per paying user increased by 53.9%, from approximately RMB 114.9 to RMB 176.8[34]. - The company reported a significant increase in monthly paying users, reaching a total of 1.5 million, representing a growth of 25% year-over-year[166]. Expenses and Costs - Administrative expenses rose by 49.8% from RMB 14.5 million to RMB 21.8 million[36]. - Research and development expenses increased by 31.6% from RMB 12.2 million to RMB 16.0 million[36]. - Sales cost decreased by approximately RMB 6.3 million or 5.4% from RMB 119.1 million in the first half of 2023 to RMB 112.8 million in the first half of 2024, with sales cost as a percentage of total revenue increasing to approximately 84.2%[42]. - R&D expenses increased by approximately RMB 3.8 million or 31.6% from RMB 12.2 million in the first half of 2023 to RMB 16.0 million in the first half of 2024, reflecting increased investment in multiplayer mobile game development[45]. Strategic Initiatives - The company expanded into artificial intelligence application development and related services in the first half of 2024, enhancing its AI technology capabilities[22]. - The company aims to increase investment in mobile game development, digital media development, AI technology development, and overseas market expansion[24]. - The integration of AI technology is expected to enhance user experience and drive innovation in the digital entertainment service industry[24]. - The company plans to deepen its focus on artificial intelligence technology and enhance product applications in the digital entertainment service ecosystem[27]. - The company aims to strengthen mobile game development and actively expand into overseas markets through collaborations with well-known IP and game companies[27]. Acquisitions and Investments - The company agreed to acquire Infinities Wonder Limited for HKD 134,820,000, to be paid with 96,300,000 shares at an issue price of HKD 14 per share[55]. - The acquisition of Infinities Wonder Limited was completed on April 24, 2024, for a total consideration of RMB 124,910,000, paid through the issuance of 96,300,000 shares[146]. - For the six months ended June 30, 2024, Infinities Wonder Limited contributed RMB 9,621,000 to the group's revenue and RMB 7,214,000 to the consolidated loss[148]. Corporate Governance and Compliance - The company has established corporate governance measures to avoid conflicts of interest among directors[74]. - The company appointed a new chairman and CEO effective April 24, 2024, with a term of three years[72]. - The audit committee has reviewed the financial results for the six months ending June 30, 2024, confirming compliance with relevant accounting standards[92]. - The company has appointed an independent non-executive director to ensure compliance with listing rules regarding board composition[93]. - The company is committed to maintaining high corporate governance standards and has adopted relevant codes as per listing rules[89]. Cash Flow and Liquidity - Cash and cash equivalents decreased from approximately RMB 37.2 million as of December 31, 2023, to approximately RMB 15.3 million as of June 30, 2024, primarily due to increased investment in game development[54]. - The net cash flow from operating activities for the six months ended June 30, 2024, was a negative RMB 45,141,000, compared to a negative RMB 56,418,000 for the same period in 2023[105]. - The net cash flow from financing activities for the six months ended June 30, 2024, was RMB 16,868,000, significantly lower than RMB 87,392,000 in the previous year[105]. - The cash and cash equivalents at the end of June 30, 2024, amounted to RMB 15,280,000, down from RMB 52,472,000 at the end of June 30, 2023[105]. Future Outlook - The company plans to expand its market presence in Southeast Asia, targeting a 30% increase in user acquisition by the end of the fiscal year[166]. - Future guidance indicates an anticipated revenue growth of 20% for the next fiscal year, driven by both existing and new product lines[166]. - New product launches are expected to contribute an additional 50 million RMB in revenue over the next two quarters[166]. - The company is investing in new technology development, allocating 10% of its annual budget towards R&D initiatives[166].