Core Insights - The company reported a significant increase in active accounts and paying accounts in Q3 2025, driven by the launch of new games and sustained performance of existing titles [1] - The average revenue per paying account decreased both quarter-on-quarter and year-on-year, attributed to the growth structure of new users primarily engaging in initial experiences [1] - The company is focusing on user-centric IP operations and enhancing community engagement through high-quality content and events [2] - Future plans include launching two self-developed games and expanding into international markets while maintaining a strong domestic presence [3] Group 1 - The quarterly active accounts reached 10.2 million, a 29.1% increase quarter-on-quarter and a 37.8% increase year-on-year [1] - The quarterly paying accounts totaled 1.1 million, reflecting a 22.2% increase both quarter-on-quarter and year-on-year [1] - The average revenue per paying account was RMB 141.2, down 19.2% quarter-on-quarter and 13.2% year-on-year [1] Group 2 - The company emphasized user demand in its IP operations, achieving notable results with core products like "Aoqi Legend Mobile" and "Aola Star Mobile" [2] - The "Aola Star Mobile" game received positive feedback through collaborations with popular IPs and community engagement initiatives [2] - Upcoming self-developed games include "Chaos Color World" and "Under the Night," both in advanced stages of development and testing [3] Group 3 - The company plans to accelerate its overseas market expansion while leveraging its existing IPs to adapt to regional cultures [3] - The strategy includes creating customized products for niche markets to enhance international brand recognition and competitiveness [3] - The focus remains on building a diverse product matrix through innovative gameplay and quality content [3]

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。 動 （於開曼群島註冊成立的有限公司） （股份代號：2100） 截至二零二五年九月三十日止三個月 未經審計主要營運指標 本公告乃根據香港聯合交易所有限公司證券上市規則自願作出。 截至二零二五年九月三十日止三個月未經審計主要營運指標 百奧家庭互動有限公司（「百奧」或「本公司」）董事會（「董事會」）欣然宣佈本公司、其附 屬公司及其於中華人民共和國（「中國」）的控制實體（統稱「本集團」）截至二零二五年第 三季度之未經審計主要營運指標： | | 截至以下日期止三個月 | | 截至 | | | | --- | --- | --- | --- | --- | --- | | | | | 二零二四年 | | | | | | 二零二五年 二零二五年 | 九月三十日 | | | | | 環比變動 | 九月三十日 六月三十日 | | 止三個月 | 同比變動 | | | （季度活躍賬戶及季度付費賬戶以百萬為單位， | | | ...

FF301 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9月30日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 百奧家庭互動有限公司 (於開曼群島註冊成立的有限公司) 呈交日期: 2025年10月2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) | 02100 | 說明 | 百奧家庭互動 | | | | | | | | | 法定/註冊股份數目 | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 100,000,000,000 USD | | 0.0000005 | USD | | 50,000 | | 增加 / 減少 (-) | | | | | | USD | | | | 本月底結存 | | | 100,000,000,000 USD | | 0.0000005 | USD | | ...

BAIOO FAMILY INTERACTIVE LIMITED 百奧家庭互動有限公司 The English and Chinese versions of the Company's Current Corporate Communications are available on the Company's website at www.baioo.com.hk and the website of The Stock Exchange of Hong Kong Limited (the "Stock Exchange") at www.hkexnews.hk respectively (the "Website Version"). The Company strongly recommends you to access the Website Version of Current Corporate Communication. If you have difficulty in receiving email notification or gaining access to the Websi ...

BAIOO FAMILY INTERACTIVE LIMITED 百奧家庭互動有限公司 (Incorporated in the Cayman Islands with limited liability) （於開曼群島註册成立之有限公司） （Stock Code 股份代號：2100） NOTIFICATION LETTER 通知信函 Dear Registered Shareholder(s), BAIOO Family Interactive Limited (the "Company") - Notification of publication of Interim Report 2025 (the "Current Corporate Communication") The English and Chinese versions of the Company's Current Corporate Communications are now available on the Company's website at www.baioo.com.hk and the website of The ...

Financial Performance - Revenue for the six months ended June 30, 2025, was RMB 302,706 thousand, representing an 11.2% increase compared to RMB 272,284 thousand in 2024[10] - Gross profit increased by 18.9% to RMB 149,172 thousand from RMB 125,490 thousand year-on-year[10] - Operating profit improved significantly to RMB 4,051 thousand from a loss of RMB 25,675 thousand, marking a 115.8% change[10] - Adjusted net profit for the period was RMB 6,446 thousand, a 166.0% increase from a loss of RMB 9,770 thousand in the previous year[10] - Total revenue for the six months ended June 30, 2025, was RMB 302,706,000, compared to RMB 272,284,000 for the same period in 2024, reflecting an increase of 11.2%[119] - Online entertainment business revenue was RMB 301.0 million, up 10.6% from RMB 272.1 million year-over-year[36] - Gross profit for the six months ended June 30, 2025, was RMB 149.2 million, with a gross margin of 49.3%, compared to RMB 125.5 million and a margin of 46.1% in the previous year[39] - Adjusted EBITDA for the six months ended June 30, 2025, was RMB 10.6 million, compared to an adjusted EBITDA loss of RMB 12.9 million in the previous year[35] - The net profit for the period was RMB 5.6 million, compared to a net loss of RMB 14.9 million in the prior year[80] Assets and Liabilities - The total assets as of June 30, 2025, were RMB 1,869,327 thousand, slightly down from RMB 1,875,051 thousand at the end of 2024[11] - Total liabilities as of June 30, 2025, were RMB 293.8 million, with a debt-to-asset ratio of 16%, up from 15% as of December 31, 2024[56] - Cash and cash equivalents as of June 30, 2025, amounted to RMB 550.3 million, an increase from RMB 495.7 million as of December 31, 2024[57] - The company’s equity attributable to shareholders decreased slightly to RMB 1,568,224,000 from RMB 1,591,745,000, indicating a minor decline in shareholder value[84] - The company reported a net increase in cash and cash equivalents of RMB 56,074,000 for the period, contrasting with a decrease of RMB 145,820,000 in the prior year[89] - The company’s total liabilities increased to RMB 293,769,000 from RMB 275,966,000, reflecting a rise in trade payables and other liabilities[85] Operational Strategy - The company continues to focus on IP-driven strategies, enhancing user engagement through innovative gameplay and content updates[12] - Collaborations with well-known IPs and brands have led to a significant increase in player engagement and revenue for core games[13] - The gaming industry is experiencing a recovery, driven by structural improvements and a growing demand for high-quality content[12] - The company aims to provide unique IP upgrade experiences for young users, positioning itself as a leader in the gaming culture brand for Generation Z[9] - The company plans to continue its user-centric strategy in the second half of 2025, focusing on innovation and differentiation to build a rich product matrix[15] - The company will increase R&D investment and integrate AI technologies throughout the game creation process to enhance innovation and operational efficiency[15] User Engagement and Market Trends - In the first half of 2025, the company will enhance user engagement through social media and live streaming platforms, aiming to boost game popularity[14] - The company focused on core game segments such as female-oriented and pet collection games, leveraging AI technology to enhance user experience[26] - The core mobile game "Aoki Legend" saw significant growth, with new character releases and themed events driving user engagement and revenue increase in the first half of 2025[27] - The gaming industry is experiencing a shift towards quality-focused competition, with companies exploring new gameplay and content to drive business growth[29] Financial Management and Governance - The company has no specific plans for significant investments or acquisitions at this time but will continue to seek new business development opportunities[66] - The company has maintained sufficient cash and cash equivalents to ensure operational flexibility[103] - The financial risk management policies have not changed since December 31, 2024[102] - The company adopted the revised International Financial Reporting Standards effective from January 1, 2025, with no significant impact on the financial statements[97] - The audit committee has reviewed the interim consolidated financial information for the six months ending June 30, 2025, confirming compliance with International Accounting Standard 34[163] - The company has adopted the corporate governance code as per the listing rules, ensuring high ethical standards and transparency in operations[165] Shareholder Information - The company declared a special dividend of HKD 0.012 per share for the year ending December 31, 2024, which was paid on July 31, 2025[70] - As of June 30, 2025, the total number of ordinary shares of the company is 2,867,174,000, unchanged from December 31, 2024[150] - TMF (Cayman) Ltd. holds 1,193,824,720 shares, representing 41.64% of the total issued share capital[173] - DAE Holding Investments Limited owns 687,944,180 shares, accounting for 23.99% of the total issued share capital[173] - The company has established multiple trusts for its key executives, including DAE Trust and WHZ Trust, managed by TMF (Cayman) Ltd.[175] Future Plans and Developments - The company aims to enhance its international presence by adapting its IP products to different regional markets and creating customized innovative products for overseas segments[30] - The company plans to launch two new card games, "Chaos Color World" and "Under the Night," which are currently in the late development stage and expected to provide innovative gameplay experiences[30] - The company is applying for the renewal of its "High-tech Enterprise" status, which allows for a preferential income tax rate of 15%[127]

Core Insights - The gaming industry in China has shown robust growth in the first half of 2025, with actual sales revenue reaching RMB 168 billion, a year-on-year increase of 14.08%, and the user base growing to 679 million, up 0.72% [1] - Baio Family Interactive (02100) has successfully turned around its performance in 2025, achieving a revenue of RMB 303 million, an 11.2% increase year-on-year, and a profit of approximately RMB 5.65 million, marking a significant recovery [2] - The company's classic IPs, such as "Aoqi Legend," "Obi Island," and "Aola Star," have demonstrated strong performance and long-term operational advantages, contributing to the overall revenue growth [2][3] Company Performance - Baio Family Interactive's revenue growth is attributed to its focus on core business and innovation, with a solid foundation from existing games and a pipeline of new products [2] - The company has increased its R&D investment to 29% of its revenue, indicating confidence in long-term product development and innovation [5] - The flagship mobile game "Obi Island: Dreamland" has seen a surge in monthly active users, driven by continuous content innovation and player engagement strategies [3][4] Product Development - The classic IP "Aoqi Legend" has maintained its appeal with both mobile and web versions showing year-on-year growth, supported by refined operations and innovative collaborations [3] - New products like "Chaos Color World" and "Night Under the Sky" are set to enhance the company's product matrix, targeting market gaps and new user demands [5] - The integration of traditional cultural elements into games, such as the collaboration with the intangible cultural heritage "Xiangyunsha," has enriched the cultural value of the games [4] Global Expansion - Baio Family Interactive is actively pursuing global market opportunities, leveraging its self-developed IPs and localized content to cater to diverse player needs across regions [6] - The company's strategy includes utilizing AIGC technology to improve R&D efficiency and reduce production costs, enhancing the quality of game content [6] - The combination of stable operations of classic games and the launch of new titles is expected to significantly boost revenue and long-term growth prospects [6]

Core Insights - The gaming industry in China has shown robust growth in the first half of 2025, with actual sales revenue reaching RMB 168 billion, a year-on-year increase of 14.08%, and the user base growing to 679 million, up 0.72% [1] - Baio Family Interactive (02100) has successfully turned around its performance in 2025, achieving a revenue of RMB 303 million, an 11.2% increase year-on-year, and a profit of approximately RMB 5.65 million, marking a return to profitability [2] - The company's classic IPs, such as "Aoqi Legend," "Obi Island," and "Aola Star," have demonstrated strong recovery and long-term operational advantages, contributing significantly to the company's performance [2][3] Company Performance - Baio Family Interactive's revenue growth is attributed to its focus on core business and innovation, with a solid foundation built on existing games and a pipeline of new products [2] - The company has increased its R&D investment to 29% of its revenue, indicating confidence in its long-term product strategy and innovation capabilities [5] - The flagship mobile game "Obi Island: Dreamland" has seen a surge in monthly active users, driven by continuous content innovation and player engagement strategies [3][4] Product Development - The classic IP "Aoqi Legend" has maintained its appeal with both mobile and web versions showing year-on-year growth, supported by refined operations and innovative collaborations [3] - New products like "Colorful World" and "Night Under" are set to enhance the company's product matrix, targeting market gaps and new user demands [5][6] - The integration of traditional cultural elements into games, such as the collaboration with the intangible cultural heritage "Xiangyunsha," has enriched the cultural value of the games [4] Global Expansion - Baio Family Interactive is actively pursuing global expansion, leveraging its self-developed IPs and localized content to cater to diverse player needs across various regions [6] - The company's strategy includes utilizing AIGC technology to improve R&D efficiency and reduce production costs, enhancing the quality of game content [6] - The combination of stable operations of classic games and the launch of new titles is expected to significantly boost revenue and long-term growth prospects for the company [6]

FF301 本月底法定/註冊股本總額： USD 50,000 第 1 頁 共 10 頁 v 1.1.1 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: 百奧家庭互動有限公司 (於開曼群島註冊成立的有限公司) 呈交日期: 2025年9月1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) | 02100 | 說明 | 百奧家庭互動 | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 100,000,000,000 | USD | 0.0000005 | USD | | 50,000 | | 增加 / 減少 (-) | | | | | | USD | | | | 本月底結存 | | | ...

Core Insights - The company reported a revenue of 303 million RMB and a net profit of 5.65 million RMB for the first half of 2025, indicating a positive turnaround in profitability amidst a robust growth trend in the domestic gaming market [1][3] - The overall gaming market in China saw actual sales revenue reach 168 billion RMB in the first half of the year, with a year-on-year growth of 14.08%, marking a historical high [1] Company Performance - The improvement in the company's performance is attributed to its deep understanding of the vitality of game IPs and innovative operational logic [3] - The long-term operation capability of classic IPs has been a significant factor in the company's performance, with the "Aoqi Legend" IP generating 45.1% of its revenue in the first half of the year [5][6] Product Innovation and Community Engagement - The company has focused on content iteration and community engagement, enhancing user retention through new game versions and gameplay optimizations [6][8] - Collaborations with well-known IPs have increased community activity and brand value, demonstrating the effectiveness of innovative combinations of game IPs with popular culture [8] New Product Development and Global Strategy - The company is not solely reliant on existing IPs but is also investing in new game development and global expansion, with an R&D expenditure of approximately 90 million RMB in the first half of the year [15][16] - New products like "Mimimiha" and "Chaos Color World" are expected to attract younger audiences with their unique art styles and innovative gameplay [18][20] Long-term Growth Strategy - The company is building a sustainable growth framework through ecological long-term operations of old products, breakthroughs in new product categories, and customized global strategies [22]