Group 1 - The core viewpoint of the article highlights the strong performance of cryptocurrency-related stocks in the Hong Kong market, with notable gains in several companies [1] - Blue Ocean Interactive (08267.HK) saw an increase of 9.33%, indicating a significant rise in investor interest [1] - OSL Group (00863.HK) and Boyaa Interactive (00434.HK) also experienced gains of 4.94% and 4.36% respectively, reflecting a positive trend in the sector [1][1]

Group 1 - Chinese assets are experiencing a resurgence, with NIO and Li Auto rising nearly 7% as foreign investment increases in A-shares [2] - The Invesco Global Sovereign Asset Management Research indicates a noticeable recovery in interest from international investment institutions towards the Chinese market, managing approximately $27 trillion in assets [2] - Several foreign institutions express optimism about Chinese assets due to the stable economic performance, policy benefits, and improved corporate earnings outlook [2] Group 2 - The U.S. House of Representatives has advanced cryptocurrency legislation, supported by President Trump, which has led to significant stock price increases for companies in the crypto sector [3] - Blue Ocean Interactive surged over 45% after announcing the establishment of LK Crypto, focusing on mainstream crypto asset management and RWA [3] - Hong Kong is actively developing stablecoin products, creating a dual regulatory framework that connects the U.S. dollar stablecoin with the mainland [3] Group 3 - The Hong Kong IPO market is witnessing a surge, with a significant increase in financing amounts, reflecting global capital's confidence in China's industrial upgrade and consumption potential [7] - On July 9, the Hong Kong Stock Exchange saw five companies queueing for listing in a single day, raising over 10 billion HKD [7] Group 4 - The domestic consumption and investment policies are being emphasized by the Chinese government to strengthen the domestic circulation [5][6] - Analysts highlight the urgency and necessity of promoting consumption as a core strategy for economic growth [6] Group 5 - The A-share market has seen an increase in financing balance for eight consecutive days, totaling an increase of 44.038 billion CNY, indicating positive market sentiment [10] - Analysts suggest that the current macro environment and market risk appetite signal potential for further market growth [10] Group 6 - The number of private equity MOM products registered this year has reached a new high, with 43 products registered by July 15, surpassing the total for the past nine years [14] - This trend indicates a strong interest in the MOM fund model, which allows for diversified asset management [14] Group 7 - The beverage brand Wahaha is facing a decline in sales following a family dispute involving its chairman, which has raised concerns among distributors [16] - The internal family conflict could potentially disrupt the competitive landscape of the Chinese beverage industry [16] Group 8 - The domestic electric vehicle market is seeing significant growth, with L2-level assisted driving penetration exceeding 50% [18] - The heavy truck sales in the first half of the year have increased by approximately 7%, with new energy heavy trucks being a major highlight [18] Group 9 - The stock market is experiencing fluctuations, with the Shanghai Composite Index slightly declining by 0.03% to 3503.78 points [19] - The Hong Kong market is also showing mixed performance, with the Hang Seng Index and the Hang Seng Tech Index experiencing slight declines and gains, respectively [19] Group 10 - The U.S. stock market has seen gains driven by positive economic data and corporate earnings reports, with the S&P 500 rising by 0.45% [20] - Approximately 88% of S&P 500 companies that have reported earnings exceeded analyst expectations, boosting investor confidence [20] Group 11 - Several foreign investment banks have expressed positive views on the Chinese market, with Citigroup raising its ratings for Chinese and Korean markets to "overweight" [21] - Citigroup projects the Hang Seng Index to reach 25,000 points by the end of the year and the CSI 300 Index to reach 4,200 points [21] Group 12 - The stock market's investment logic is shifting towards cash flow analysis in a low-interest-rate environment, with a focus on high-dividend and strong cash flow companies [22] - Analysts are optimistic about sectors such as automotive, electronics, and traditional high-growth areas like AI and pharmaceuticals [22]

Group 1 - The virtual asset market is rapidly developing, with Hong Kong accelerating its efforts to establish itself as an international virtual asset center, attracting Chinese brokerage firms to enter the market [1] - The Hong Kong government views Web3.0 and virtual assets as core strategies to reshape financial competitiveness, having released the "Virtual Asset Policy Declaration" in 2023 to support industry innovation [1] - The Hong Kong Securities and Futures Commission (SFC) has tightened regulations, implementing a "dual license" system for virtual asset trading platforms, with 11 institutions already obtaining formal licenses [1] Group 2 - Hong Kong is exploring the issuance of an official stablecoin, the "Digital Hong Kong Dollar," aimed at providing an anchor asset for the virtual economy and enhancing cross-border payment capabilities [2] - Companies listed in Hong Kong are accelerating their layout in the Web3.0 sector, covering various areas such as trading platforms, data analysis, and asset tokenization [2] - OSL Group, as Hong Kong's first licensed virtual asset trading platform, reported a 79% year-on-year revenue increase to HKD 375 million in 2024, with a trading volume exceeding HKD 100 billion [2] Group 3 - Other Hong Kong-listed companies, such as Boyaa Interactive, Victory Securities, and Blueport Interactive, have also made moves in the cryptocurrency space, with stock price increases of 97%, 176%, and 60% respectively this year [3]

Group 1 - The core viewpoint of the article highlights the strong performance of cryptocurrency-related stocks in the Hong Kong market, with notable gains for several companies [1] Group 2 - Blue Ocean Interactive (08267.HK) saw a significant increase of 24.19% [1] - OK Blockchain (01499.HK) experienced a rise of 6.45% [1] - New Fire Technology Holdings (01611.HK) increased by 3.59% [1] - Xiong'an Technology (01647.HK) rose by 2.34% [1]

Group 1 - The cryptocurrency concept stocks in the Hong Kong market have shown strong performance, with Okex Chain (01499.HK) rising by 4.84%, Blueport Interactive (08267.HK) also increasing by 4.84%, OSL Group (00863.HK) up by 4%, and Boya Interactive (00434.HK) gaining 1.94% [1] - Blueport Interactive has established the LK CRYPTO division to accelerate its layout in WEB3 and RWA cryptocurrency assets [1]

Company Overview - Blueport Interactive (08267.HK) is primarily engaged in the development and publishing of online games, including mobile, web, and client games [2] - The company generates revenue through the sale of virtual goods and provides licensing and technical services [2] - Notable games under its portfolio include "Ten Thousand Cold Jokes," "Zhen Huan Zhuan," "Shu Shan Zhan Ji," and "Wang Zhe Zhan Hun" [2] - The company also invests in a third-party mobile game trading platform called "Tao Youxi," which focuses on game account transactions [2] Financial Performance - As of December 31, 2024, Blueport Interactive reported total revenue of 146 million yuan, representing a year-on-year increase of 7.78% [1] - The company's net profit attributable to shareholders was -29.03 million yuan, a decrease of 66.6% year-on-year [1] - The gross profit margin stood at 14.68%, while the debt-to-asset ratio was 25.77% [1] Market Performance - On July 11, the Hang Seng Index rose by 0.46%, closing at 24,139.57 points [1] - Blueport Interactive's stock closed at 0.495 HKD per share, up 20.73%, with a trading volume of 8.15 million shares and a turnover of 3.76 million HKD [1] - Over the past month, the stock has seen a cumulative increase of 41.38%, but it has declined by 12.77% year-to-date, underperforming the Hang Seng Index by 19.78% [1] Valuation Metrics - Currently, there are no institutional investment ratings for Blueport Interactive [2] - The software services industry has an average price-to-earnings (P/E) ratio of -10.24, with a median of -2.66 [2] - Blueport Interactive's P/E ratio is -4.81, ranking 122nd in the industry [2] - Comparatively, other companies in the sector have P/E ratios ranging from 3.57 to 5.85 [2]

Core Viewpoint - The article highlights significant stock movements in the Hong Kong and US markets, indicating various companies experiencing notable gains due to specific events or developments. Hong Kong Market Highlights - Li Auto (02015) saw a rise of over 3% as the launch of the Li i8 is set for July 29 [1] - Chinese banks experienced gains, with Zhengzhou Bank (06196) up 6.06%, Minsheng Bank (01988) up 4.97%, CITIC Bank (00998) up 3.24%, and Industrial and Commercial Bank of China (01398) up 1.8% [1] - Jiuyuan Gene (02566) increased by over 6% following the approval of its drug by the National Medical Products Administration [1] - Conant Optical (02276) rose over 6% as its net profit is expected to increase by over 30% year-on-year [1] - Puxing Energy (00090) surged over 220% after acquiring equity in HashKey Holdings Limited, entering the digital asset finance sector [1] - Blucube (00325) saw a rise of over 8% as it faced its first share unlock, with an accelerated pace of new product launches [1] - InnoCare Pharma (02577) rose over 5% as TSMC exited the GaN business, prompting cornerstone investors to extend their lock-up period [2] - Jitu Express (01519) increased over 4% due to strong package volume performance in Southeast Asia [2] - Apple-related stocks saw gains, with Cowell (01478) up 5.14%, Sunny Optical (02382) up 4.99%, BYD Electronics (00285) up 4.67%, and AAC Technologies (02018) up 1.89% [2] - From Yuzhi Agriculture (00875) surged over 13% as the company aims to build a comprehensive modern agriculture flagship group [2] - Fenbi (02469) rose over 5% following an upgrade to its AI question-answering system, which is expected to drive performance growth [2] - E-Surfing (02550) increased over 16% after Barclays acquired a 280 million stake and partnered with Huawei Cloud [2] - Cryptocurrency ETF and related stocks rose, with New Fire Technology Holdings (01611) up 10.82%, Xiong'an Technology (01647) up 10.23%, and others [2] - Superstar Legend (06683) surged over 20% as Jay Chou joined Douyin, gaining over 10 million followers [3] - Cornerstone Pharmaceuticals (02616) rose over 4% after its drug production application was approved by NMPA [3] - Longguang Group (03380) opened over 4% higher as its debt restructuring plan was approved by creditors [3] - Saijing Technology (00580) opened over 8% after announcing a projected net profit of approximately 90 million, a 167% year-on-year increase [3] - Derin Holdings (01709) opened nearly 15% higher as it plans to tokenize up to 500 million HKD in assets for distribution to shareholders [3] US Market Highlights - Deutsche Bank (DB.US) rose over 3% as it restructures its wealth management business in Germany to improve profitability [4] - UnitedHealth (UNH.US) fell over 1% amid reports of a US Department of Justice investigation into its medical insurance billing [4] - Futu Holdings (FUTU.US) increased over 9% after Morgan Stanley raised its target price to 160 USD [4] - Boeing (BA.US) rose over 3% as June aircraft deliveries reached an 18-month high [4] - Meta (META.US) increased nearly 2% as it reportedly invested 3.5 billion USD to enhance its AI smart glasses business [4] - Nvidia (NVDA.US) rose nearly 2%, reaching a historic high with a market capitalization of 4 trillion USD [4] - Microsoft (MSFT.US) hit a historic high with a market capitalization of 3.74 trillion USD, following an upgrade from Oppenheimer [4]

Group 1 - The Hong Kong mobile gaming stocks have shown strong performance, with Zhongjiu Mobile (00302.HK) rising over 4% [1] - Bilibili (09626.HK) has increased by more than 3% [1] - Other companies such as NetEase (09999.HK) and Blueport Interactive (08267.HK) also experienced gains [1]

Financial Performance - The company's revenue for the year ended December 31, 2024, was approximately RMB 146.0 million, an increase of about 7.8% from RMB 135.5 million for the year ended December 31, 2023[51]. - The gaming business contributed approximately RMB 39.8 million in revenue, a decrease of about 43.2% or RMB 30.3 million compared to the previous year, primarily due to the absence of similar licensing income recognized in 2023[51]. - The revenue from custom web series and other income was approximately RMB 106.3 million, an increase of about 62.5% or RMB 40.9 million from RMB 65.4 million in the previous year, mainly due to the recognition of income from "Falling into Our Romance"[51]. - Total revenue for the year ended December 31, 2024, was approximately RMB 146.0 million, an increase of about 7.3% from RMB 135.5 million in 2023[52]. - Revenue from self-developed games was RMB 13.8 million, accounting for 34.8% of total revenue, while revenue from agency games was RMB 26.0 million, accounting for 65.2%[52]. - The company's gross profit margin decreased to 14.7% in 2024 from 25.3% in 2023, reflecting a significant drop in gross profit[50]. - Operating loss for the year was RMB 31.1 million, compared to a loss of RMB 21.4 million in the previous year, representing an increase in losses of 45.3%[50]. - The company reported a net loss of RMB 29.9 million for the year, a 75.9% increase from a net loss of RMB 17.0 million in 2023[50]. - The net loss attributable to owners for the year ended December 31, 2024, was approximately RMB 29.0 million, an increase of about 66.7% from RMB 17.4 million in 2023[63]. - Adjusted net loss for the year ended December 31, 2024, was approximately RMB 13.4 million, a decrease of about 2.9% from RMB 13.8 million in 2023, due to recognized income from "Falling into Our Romance" and further cost reductions[65]. Cryptocurrency Investments - As of December 31, 2024, the company held 102.06568 units of Bitcoin and 818.1345 units of Ethereum, with a total cash consideration of $7.6 million and an estimated fair value of $12.2 million, realizing an unrealized gain of $4.6 million[16]. - The company purchased 54.3479 units of Bitcoin for $4.0 million and sold 51.8 units, realizing a profit of $2.1 million; it also bought 998.39 units of Ethereum for $3.6 million and sold 180.26 units, achieving a profit of $0.025 million[35]. - The company plans to further increase its Bitcoin holdings in response to the approval of spot Bitcoin and Ethereum ETFs and the establishment of strategic Bitcoin reserves in the U.S.[36]. - The company has purchased approximately USD 7.5 million in cryptocurrency during the reporting period[76]. Business Strategy and Focus - The company plans to focus on the third generation of internet business and actively embrace opportunities brought by artificial intelligence technology for business innovation and upgrades in 2025[23]. - The strategic focus will include optimizing investment layouts in cutting-edge technology fields such as cryptocurrency assets and AI agents to create long-term value for the group[23]. - The company aims to continue exploring innovative opportunities in cryptocurrency investment, film, and gaming sectors to create greater value for shareholders, partners, and users[23]. - The company will focus on the third-generation internet business as a strategic priority starting in 2024[33]. - In 2024, the company aims to achieve breakthroughs in three areas: third-generation internet applications, cryptocurrency investments, and providing crypto asset networks and AI computing power services[33]. - The company has fully initiated exploration in third-generation internet business, micro-short video business, and live e-commerce[33]. - The company has acquired a 35% stake in Element, a leading NFT trading market, enhancing its strategic focus on the third-generation internet business[34]. Film and Television Production - The film and television business saw the successful launch of several projects, including the youth romance drama "Falling into Our Heat" and the fantasy drama "Nian Nian Ren Jian Yu," which received widespread market attention[17][18]. - The film division has successfully produced and released several popular youth romance series, achieving 780 million views on Mango TV and a peak popularity score of 21,039 on Tencent[42]. - The film division is focusing on high-quality IP production and collaboration with leading film companies to upgrade its product offerings[43]. - The company has partnered with Tencent Video for the production of the ancient music-themed drama "Ancient Music Wind and Flower Record," which is set to begin production in November 2024[46]. - The company is developing a long drama plan, including the "Blue Harbor Suspense Trilogy Theater," with the first project "Burning Seasons" expected to start production in Q3 2025[46]. Gaming Business - Classic games "Naughty Heaven 1" and "Naughty Heaven 2" were re-released in August and September 2024, providing players with a new gaming experience[23]. - The company has launched two new mobile games, "Naughty Heaven 1" and "Naughty Heaven 2," with over 20 million registered users for the former, emphasizing competitive fairness and traditional Chinese culture[39][40]. - The gaming business will concentrate on self-developed high-quality products and proprietary IP, while the film and television sector will focus on premium IP series[33]. - The company operates 13 online games as of December 31, 2024, aiming to maintain stable operations and cash flow through refined user engagement strategies[40]. - The company is exploring AI technology for smart matching, personalized recommendations, and intelligent NPC behavior simulation to enhance user experience in gaming[41]. Corporate Governance - The board of directors is committed to maintaining high levels of corporate governance to build trust with shareholders and stakeholders[86]. - The board has reviewed and is satisfied with the effectiveness of the corporate governance policies[89]. - The company has complied with GEM listing rules regarding the appointment of independent non-executive directors, with at least three independent directors on the board[92]. - The chairman and CEO roles are held by the same individual, which deviates from the governance code, but the board believes this arrangement benefits the company's strategic direction[94]. - The service contracts for executive directors are typically for three years, with renewals occurring regularly[95]. - The company has established clear guidelines for the management of its operations, ensuring accountability and transparency[88]. - The company has adopted the trading standards for directors as per GEM Listing Rules, confirming compliance for the fiscal year ending December 31, 2024[100]. - The board consists of five directors with a gender ratio of 4:1, including three independent non-executive directors[109]. - The company emphasizes employee diversity, maintaining a gender ratio of 29:28 among all employees[109]. Employee Welfare and Training - The company has implemented a comprehensive employee welfare system, including annual health check-ups and commercial insurance coverage for major illnesses, medical care, and maternity[4.4]. - The company provides annual health check-ups for employees and has established health records to monitor their well-being[185]. - The company has implemented a comprehensive employee training system, offering various training courses to enhance skills and career development[188]. - The company actively listens to employee feedback through various communication channels, ensuring timely responses to concerns and issues[190]. Environmental, Social, and Governance (ESG) - The company is committed to sustainable development and has presented its ESG report to showcase progress and performance in this area[151]. - The company has established an ESG governance framework to enhance management of sustainability, with the board responsible for overseeing significant ESG issues and performance[159]. - The ESG working group is tasked with identifying, assessing, and managing major ESG matters, ensuring compliance with relevant laws and regulations[160]. - The company's greenhouse gas emissions decreased by 41.24% compared to 2023, successfully achieving the set target for that year[171]. - The total paper usage in 2024 decreased by 1.67% compared to 2023, marking the successful achievement of the target set for 2023[176]. - The company has not violated any local environmental laws regarding emissions or waste disposal during the year[169]. - The company has not generated any hazardous waste during its operations and has established measures for the proper disposal of electronic waste[175]. - The company emphasizes energy-saving measures, resulting in a reduction in total energy consumption in 2024 compared to 2023[177]. - The company has adopted high-efficiency electrical appliances and lighting to optimize energy use[178]. - The company has identified climate-related risks and opportunities, integrating them into its enterprise risk management process[181].

Financial Performance - For the fiscal year ending December 31, 2024, the company's revenue was approximately RMB 146.0 million, an increase of about 7.7% compared to RMB 135.5 million for the fiscal year ending December 31, 2023[3]. - The company's gross profit for the fiscal year ending December 31, 2024, was approximately RMB 21.4 million, a decrease of about 37.6% from RMB 34.3 million for the fiscal year ending December 31, 2023[3]. - The loss attributable to owners of the company for the fiscal year ending December 31, 2024, was approximately RMB 29.0 million, compared to a loss of RMB 17.4 million for the fiscal year ending December 31, 2023[3]. - The company reported an adjusted loss of approximately RMB 13.4 million for the fiscal year ending December 31, 2024, slightly improved from an adjusted loss of RMB 13.8 million for the fiscal year ending December 31, 2023[3]. - The company's revenue for the year ended December 31, 2024, was approximately RMB 146.0 million, an increase of about 7.8% from RMB 135.5 million in 2023[17]. - The cost of goods sold for the year ended December 31, 2024, was approximately RMB 124.6 million, representing an increase of about 23.1% from RMB 101.2 million in 2023[19]. - The gross profit for the year ended December 31, 2024, was approximately RMB 21.4 million, a decrease of about 37.6% from RMB 34.3 million in 2023, resulting in a gross margin of 14.7% compared to 25.3% in the previous year[22]. - Sales and marketing expenses for the year ended December 31, 2024, were approximately RMB 13.3 million, an increase of about 110.7% from RMB 6.3 million in 2023[23]. - Administrative expenses for the year ended December 31, 2024, were approximately RMB 36.5 million, an increase of about 31.6% from RMB 27.8 million in 2023[24]. - Research and development expenses for the year ended December 31, 2024, were approximately RMB 17.6 million, a decrease of about 20.5% from RMB 22.1 million in 2023[25]. - The net loss attributable to the owners for the year ended December 31, 2024, was approximately RMB 29.0 million, an increase of about 66.7% from RMB 17.4 million in 2023[28]. - The gaming business generated revenue of approximately RMB 39.8 million for the year ended December 31, 2024, a decrease of about 43.2% from RMB 70.1 million in 2023[18]. - The custom web series and other income contributed approximately RMB 106.3 million, an increase of about 62.5% from RMB 65.4 million in 2023[18]. - The company reported other losses of approximately RMB 3.3 million for the year ended December 31, 2024, an increase of about 249.6% from RMB 0.9 million in 2023[26]. - The adjusted net loss for the year ended December 31, 2024, was approximately RMB 13.4 million, a decrease of about 2.9% from RMB 13.8 million for the year ended December 31, 2023[29]. - The loss from continuing operations for the year was RMB 29.9 million, representing an increase of 75.9% compared to RMB 17.0 million in the previous year[29]. - Cash and cash equivalents as of December 31, 2024, amounted to approximately RMB 89.9 million, up from RMB 77.7 million as of December 31, 2023[32]. - Total capital expenditure for the year was approximately RMB 66.4 million, significantly higher than RMB 25.2 million in 2023, with major spending on film and web series rights and cryptocurrency purchases[33]. - The debt ratio as of December 31, 2024, was approximately 25.8%, an increase from 22.7% in the previous year[35]. - The company had no bank loans as of December 31, 2024, consistent with the previous year[35]. - There were no pledged assets as of December 31, 2024, remaining unchanged from the previous year[36]. - The board did not recommend a final dividend for the year ended December 31, 2024, similar to the previous year[39]. - The company incurred a total expense of RMB 192,215,000 for the year ended December 31, 2024, up from RMB 157,774,000 in 2023, reflecting a 22% increase in total expenses[73]. - Basic and diluted loss per share was RMB (0.08), compared to RMB (0.05) in the previous year, indicating a 60.0% increase in loss per share[42]. - Total assets decreased to RMB 315,528,000 from RMB 320,566,000, a decline of 1.2%[44]. - Total equity decreased to RMB 234,208,000 from RMB 247,660,000, a decline of 5.4%[46]. - The company reported a net financial income of RMB 965 thousand in 2024, down from RMB 2,071 thousand in 2023, showing a decrease of approximately 53.4%[64]. - The company reported a net loss attributable to owners of RMB 29,031,000 for the year ended December 31, 2024, compared to a loss of RMB 17,426,000 in 2023, representing a 66.7% increase in losses year-over-year[77]. - Total revenue from miscellaneous income for the year ended December 31, 2024, was RMB 15,030,000, a significant increase from RMB 843,000 in 2023[71]. - The company received government grants totaling RMB 250,000 in 2024, a decrease of 86.9% from RMB 1,908,000 in 2023[71]. - The company reported a net loss of RMB 4,426,000 from financial assets measured at fair value through profit or loss for the year ended December 31, 2024, compared to a gain of RMB 1,436,000 in 2023[72]. - The company’s trade payables decreased to RMB 3,175,000 as of December 31, 2024, from RMB 4,179,000 in 2023, indicating a reduction in outstanding liabilities[80]. - The company did not declare or pay any dividends for the years ended December 31, 2024, and 2023[81]. Investments and Strategic Initiatives - The company has made significant investments in the third-generation internet sector, acquiring 35% equity in Element, a leading NFT trading platform, to enhance its strategic focus[5]. - In 2024, Element Market recorded 4,497,937 unique trading addresses and a transaction volume of approximately $412.8 million[6]. - The company purchased 54.3479 units of Bitcoin for $4.0 million and sold 51.8 units, realizing a gain of $2.1 million, while also acquiring 998.39 units of Ethereum for $3.6 million[7]. - As of December 31, 2024, the company held 102.06568 units of Bitcoin and 818.1345 units of Ethereum, with a total cash consideration of $7.6 million and an estimated fair value of $12.2 million[7]. - The company plans to further increase its Bitcoin holdings in response to the growing interest in cryptocurrencies and the approval of spot Bitcoin and Ethereum ETFs in the U.S.[8]. - The company invested in EcoPowX, which focuses on providing power solutions for AI computing and Bitcoin networks through environmentally friendly facilities[8]. Content Production and Media - The company has successfully developed and tested the remastered version of "Naughty Heaven 1," which has over 20 million historical registered users and is set to launch in August 2024[9]. - The company operates 13 online games as of December 31, 2024, and aims to maintain stable operations in 2025, ensuring continuous cash flow through refined operations and user engagement[10]. - The youth romance series produced by the company achieved significant viewership, with Mango TV reaching 780 million views and Tencent Video peaking at 21,039 in popularity[11]. - The fantasy romance drama "Nian Nian Ren Jian Yu" garnered 70.48 million views from paid members by February 20, 2025, after its release on July 31, 2024[11]. - The company is focusing on high-quality content production in the short drama sector, with multiple micro-dramas launched in August 2024, although it has decided to pause short drama operations due to market saturation[15]. - The remastered version of "Naughty Heaven 1" emphasizes fairness in competition and enhances the characteristics of light competitive MOBA games[9]. - The company plans to upgrade its product offerings by collaborating with leading film and television companies, focusing on high-quality IPs and premium drama production in 2024[11]. - The ancient music-themed drama "Gu Yue Feng Hua Lu" is set to begin production in November 2024, aiming to showcase traditional culture and unique national charm[13]. - The company is committed to deepening its focus on realistic themes and suspenseful narratives, planning to launch the "Blue Port Suspense Trilogy" in 2025[13]. Corporate Governance and Management - Mr. Wang Feng has been appointed as both the Chairman and CEO since February 26, 2023, despite the code's recommendation to separate these roles, which the board believes ensures consistent leadership and strategic development[84]. - The board will regularly review the effectiveness of this arrangement and consider separating the roles of Chairman and CEO when deemed appropriate to maintain high standards of corporate governance[85]. - No directors or controlling shareholders are engaged in any business that directly or indirectly competes with the group as of the fiscal year ending December 31, 2024[86]. - Executive directors have committed not to accept positions or engage in business transactions that compete with the group, and they will not hold more than 5% economic interest in such competing businesses[87]. - Each director participated in multiple training sessions in 2024, including training on GEM listing rules and director responsibilities, to enhance their knowledge and skills[88]. - The Remuneration Committee, chaired by independent non-executive director Mr. Zhang Xiangdong, reviewed the remuneration of directors and senior management, finding it fair and reasonable[89]. - The Nomination Committee, chaired by Mr. Wang Feng, evaluated the composition and independence of the board, recommending re-election of directors at the 2024 annual general meeting[90]. - The company’s nomination policy aims to ensure board members possess the necessary skills and experience, with a focus on diversity in gender, age, culture, and professional background[91]. - The board has adopted a diversity policy, considering various factors such as gender, race, and industry experience in its composition since December 29, 2014[92]. - The board consists of five directors with a gender ratio of 4:1, including three independent non-executive directors[94]. - The company emphasizes employee diversity, maintaining a gender ratio of 29:28 among its staff[94]. - The audit committee was established on April 24, 2014, and is chaired by an independent non-executive director[95]. - The audit committee has reviewed the consolidated financial statements for the year ending December 31, 2024, ensuring compliance with applicable accounting standards[96]. - The external auditor, Tianzhi Hong Kong CPA Limited, confirmed that the financial figures align with the audited consolidated financial statements for the year ending December 31, 2024[97]. - The company plans to hold its annual general meeting on June 20, 2025[98]. - Share transfer registration will be suspended from June 17 to June 20, 2025, to determine eligibility for voting at the annual general meeting[99]. - The board of directors includes executive directors Wang Feng and Wang Jin, along with independent non-executive directors[100].