TANWAN(09890)

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36家港股公司出手回购(5月27日)





Zheng Quan Shi Bao Wang· 2025-05-28 01:41
Summary of Key Points Core Viewpoint - On May 27, 36 Hong Kong-listed companies conducted share buybacks totaling 25.22 million shares, with a total buyback amount of 1.047 billion HKD [1][2]. Group 1: Buyback Details - Tencent Holdings repurchased 979,000 shares for 500 million HKD, with a highest price of 514.000 HKD and a lowest price of 507.000 HKD, bringing its total buyback amount for the year to 24.53 billion HKD [1][2]. - Meituan-W repurchased 3.02 million shares for 392 million HKD, with a highest price of 132.400 HKD and a lowest price of 122.600 HKD, totaling 392 million HKD in buybacks for the year [1][2]. - China COSCO Shipping repurchased 6.17 million shares for 89.84 million HKD, with a highest price of 14.820 HKD and a lowest price of 14.280 HKD, accumulating 4.41 billion HKD in buybacks for the year [1][2]. Group 2: Buyback Rankings - The highest buyback amount on May 27 was from Tencent Holdings at 500 million HKD, followed by Meituan-W at 392 million HKD [1][2]. - In terms of buyback volume, China COSCO Shipping led with 6.17 million shares, followed by NetEase Technology and Meituan-W with 5 million shares and 3.02 million shares, respectively [1][2]. Group 3: First-Time Buybacks - Notably, Meituan-W and Zhongxu Future conducted their first buybacks of the year on this date [2].
港股异动 | 中旭未来(09890)午前涨超3% 近日签订AI公司投资协议与三年期游戏产品合作备忘录
智通财经网· 2025-05-19 03:49
Group 1 - Zhongxu Future (09890) saw a stock price increase of over 3%, reaching HKD 10.26 with a trading volume of HKD 19.8976 million [1] - The company announced a collaboration with Kaixin Network (002517.SZ) to jointly invest in Hangzhou Jiyi Artificial Intelligence Technology Co., focusing on AI large model technology in the gaming sector [1] - The total investment amount for the AI company agreement is RMB 10 million, and after the investment is completed, the subsidiary will become a shareholder of Jiyi Artificial Intelligence [1] Group 2 - A three-year product cooperation memorandum was signed with Kaixin Network covering various IP and game products, including new games based on classic IPs such as "Dragon Legend" and "King's Legend 2" [2] - The cooperation will also include games based on "Jin Yong's Wuxia" IP, such as "The Smiling, Proud Wanderer" and the "Condor Trilogy" [2]
中旭未来正式签订AI公司投资协议及三年游戏产品合作备忘录
Zhi Tong Cai Jing· 2025-05-16 14:29
Group 1 - The company announced a collaboration with Kaiying Network to jointly invest in Hangzhou Jiyi Artificial Intelligence Technology Co., aiming to advance AI large model technology in the gaming sector [1][2] - The total investment amount for the AI company agreement is RMB 10 million, with the investment completed by May 16, 2025, making the company a shareholder in Jiyi Artificial Intelligence [1] - The partnership is seen as a strategic move to enhance resource integration and build a long-term win-win ecosystem, aligning with the company's diversified product matrix strategy and "AI+" core industry layout [2][4] Group 2 - The company has established a three-year game product cooperation memorandum with Kaiying Network, covering various IP and game products, including classic IPs like "Dragon Legend" and "Blood of Heroes" [2][4] - The collaboration has yielded significant results in the development and global distribution of classic IP games, with successful titles like "Original Legend" and "All People Jianghu" topping local mobile game sales charts [3] - The strategic upgrade signifies a shift from single project cooperation to ecosystem co-construction, focusing on the boutique and diversified development of game products for a continuous entertainment experience for global players [4]
中旭未来:投资1000万元成立AI公司
news flash· 2025-05-16 14:19
Group 1 - The core point of the article is that Zhongxu Future has entered into an investment agreement with Kaiying Network to jointly invest in Hangzhou Jiyi Artificial Intelligence Technology Co., Ltd. for a total amount of 10 million RMB [1] - After the investment is completed, Yuanda Future will become a shareholder of Jiyi Artificial Intelligence [1] - Additionally, Zhongxu Future and Kaiying Network have signed a three-year cooperation memorandum for game product development, which includes popular IPs such as "Legend," "Miracle," and "Hot Blood Jianghu" [1]
中旭未来:2024年董事长降薪超过2000万元与业绩无关
Xi Niu Cai Jing· 2025-05-14 06:36
Group 1 - The gaming industry is facing intense competition, leading to overall performance pressure and declines, prompting market attention on executive compensation as several listed gaming companies disclose their 2024 annual reports and Q1 2025 results [2] - There is a noticeable difference in executive compensation between Hong Kong-listed and A-share listed companies, with Hong Kong companies generally incorporating stock incentives into their compensation systems, while A-share companies prefer cash [2] - The chairman of Zhongxu Future has seen a salary reduction of over 20 million yuan for 2024, which is primarily attributed to the significant portion of total compensation being related to stock-based compensation, rather than a direct correlation with performance decline [2] Group 2 - Zhongxu Future is transitioning from a "one-stop service for entertainment" strategy to a core focus on gaming business, with a portfolio of well-known IPs such as "Legend," "Miracle," and "Hot Blood Jianghu" [3] - The company has successfully obtained approval for several premium games, including "Free and Easy Jianghu," "Kingdom Crisis," "Laughing Proudly: Heroes' Transmission," and "Hot Blood Jianghu: Awakening" [3] - The primary factors contributing to the revenue decrease in 2024 include several existing games entering the later stages of their lifecycle, new game categories still in the early stages of recouping costs, and a decline in revenue from consumer goods and other non-gaming businesses [3]
从游戏全球化、多元化,到“AI+”,全面拆解中旭未来(09890)财报中的三大增长变量
智通财经网· 2025-04-30 02:12
Core Viewpoint - The Chinese gaming industry in 2024 is characterized by a duality of "stronger becoming stronger" and "innovative disruption," with leading companies leveraging IP and technology while smaller teams utilize AI and differentiated content to break through [1] Group 1: Globalization Strategy - The survival rule in the gaming industry is "if you don't go global, you will be eliminated," which is exemplified by the company's financial report showing overseas revenue reaching 623 million yuan, a 44.9% increase from 430 million yuan in 2023, accounting for 11.2% of total revenue [2] - The company has successfully launched and operated over 30 multilingual games in various international markets, including Southeast Asia, Hong Kong, Macau, Taiwan, Japan, South Korea, and Europe and the United States [2] - The classic IP "Miracle MU: Infinite Golden Egg" gained 800,000 new users in Vietnam within its first month, dominating local app store sales charts [2] Group 2: Product Diversification - The company has addressed previous criticisms of over-reliance on legacy IPs by successfully launching new products in 2024, maintaining stable user engagement for classic IPs like "Legend" and "Miracle" [4] - The upcoming game "Dragon Legend" is set to launch in January 2025, featuring high gameplay freedom and innovative elements, ensuring the longevity of the legacy game genre [4] - The company has expanded its IP portfolio through partnerships, with the game "Douluo Dalu: Shrek Academy" achieving top rankings on app stores upon release [5] Group 3: Financial Stability and AI Strategy - The company has strengthened its financial position, with cash reserves increasing by 5.8% to 515 million yuan and a significant reduction in notes payable by 45.5%, improving liquidity [7] - The establishment of a wholly-owned subsidiary in Hong Kong focuses on AI technology applications in the gaming industry, enhancing game art production, creative writing, and marketing efficiency [6] - The integration of AI technology aims to optimize user acquisition and improve return on investment in marketing, with plans to explore AI applications in various game functionalities [6] Group 4: Future Outlook - The company's strategies of global expansion, AI integration, and diversified product offerings are expected to drive future growth, with overseas business becoming a new growth engine [8] - The focus on product matrix innovation, technology-driven strategies, and financial stability positions the company well for the next growth cycle [8]
贪玩(09890) - 2024 - 年度财报
2025-04-22 08:30
Financial Performance - Total revenue for 2024 was RMB 5,580,112 thousand, a decrease of 14.4% compared to RMB 6,514,585 thousand in 2023[7] - Gross profit for 2024 was RMB 4,024,343 thousand, down 12.0% from RMB 4,573,318 thousand in 2023[7] - The company reported a net profit of RMB 44,019 thousand for 2024, a significant decline from RMB 273,289 thousand in 2023[7] - The company's revenue for the reporting period was RMB 5,580.1 million, a decrease from RMB 6,514.6 million in 2023, with a net profit of RMB 44.0 million compared to RMB 273.3 million in 2023[22] - The revenue from self-operated game products was RMB 4,118.8 million, accounting for 73.9% of total revenue, while revenue from cooperative operations with game developers was RMB 3,844.4 million, representing 69.0%[39] - The revenue related to contract arrangements for the year ending December 31, 2024, is approximately RMB 4,721.6 million, a decrease from RMB 5,698.9 million in 2023[200] - The total assets related to contract arrangements as of December 31, 2024, are approximately RMB 4,538.1 million, down from RMB 6,302.8 million in 2023[200] Overseas Business - Overseas business revenue reached RMB 623.4 million, representing a 44.9% increase year-on-year and accounting for 11.2% of total revenue[13] - The overseas business revenue reached RMB 623.4 million, representing a year-on-year growth of 44.9%, increasing its share of total revenue from 6.6% in 2023 to 11.2%[22] Game Development and Strategy - The company launched its first strategy mobile game "Beast Lord: New World" in June 2024, marking its entry into the SLG game segment[12] - The company plans to launch multiple new games in 2025, expanding its product line and enhancing user engagement[11] - The company is focusing on a strategic transformation towards "AI + gaming" to enhance innovation and market competitiveness[10] - The company is implementing a "diversification + premiumization" strategy for its game product matrix, covering all categories and user groups[23] - The classic IP games, such as "Legend" and "Miracle," continue to maintain stable user activity and are supported by ongoing content updates[24] - The "Legend" IP games, including "Original Legend" and "Ancient Cloud Legend," are expected to capture approximately 6.1% to 9.2% of the total Chinese gaming market in 2024[25][27] - The company has a pipeline of 17 games ready for release, indicating a strong future product lineup[33] Financial Position and Assets - Non-current assets totaled RMB 1,599,422 thousand in 2024, a decrease from RMB 3,204,232 thousand in 2023[8] - Current liabilities amounted to RMB 3,101,143 thousand in 2024, down from RMB 4,836,197 thousand in 2023[8] - The cash and cash equivalents as of December 31, 2024, were RMB 515.0 million, an increase from RMB 486.9 million as of December 31, 2023[60] - The company's trade receivables net amount decreased by 23.7% to RMB 237.2 million as of December 31, 2024, from RMB 310.7 million in 2023[57] - The company's bank borrowings as of December 31, 2024, were RMB 199.6 million, down from RMB 213.7 million in 2023[61] - The debt-to-equity ratio as of December 31, 2024, was 0.10, compared to 0.18 in 2023[62] - Total capital expenditure for the year ending December 31, 2024, is approximately RMB 50.7 million, an increase of 120% compared to RMB 23.0 million for the same period in 2023[68] Employee and Management - The total employee compensation cost for 2024 is RMB 366.5 million, a decrease of 26.9% from RMB 501.7 million in 2023[71] - The group currently has 912 employees, down from 1,305 employees as of December 31, 2023[71] - The company has enhanced its internal training to improve employee skills and innovation capabilities, optimizing its talent structure to strengthen core competitiveness[16] - The company has established a compensation committee to determine and recommend the compensation policy for directors and senior management[166] Legal and Regulatory Compliance - The company has established mechanisms to manage underage consumer protection in response to new regulations, ensuring a healthy online environment for minors[20] - The company has complied with all relevant laws and regulations that significantly impact its business and operations[100] - The company has not incurred any fines or penalties for violations of health, safety, or environmental regulations during the reporting period[98] - The company is subject to various legal, regulatory, political, and economic risks that could adversely affect its international strategy and market capabilities[101] Corporate Governance - The board consists of two executive directors and three independent non-executive directors[90] - The company appointed a new independent non-executive director, Ms. Zheng Yi, on March 30, 2023[81] - The company has a strong management team, including Ms. Liang Wenhong as the newly appointed CEO[83] Shareholder Information - The interests of directors and major executives in the company's shares included Mr. Wu Xubo holding 49.45% and Ms. Wu Xuan holding 7.20% of the total issued share capital[141] - The company did not issue any debt securities during the reporting period[123] - The board does not recommend the distribution of a final dividend for the year ending December 31, 2024, consistent with 2023[125] Charitable Contributions - The group made charitable donations of RMB 5.2 million for the year ending December 31, 2024, compared to RMB 12.9 million in 2023[122] Contractual Arrangements - The company has established control over its Chinese operations through contractual arrangements, which may face legal uncertainties under the new Foreign Investment Law[188] - The board believes that the contractual arrangements are essential for the company's operational framework and economic benefits from Chinese entities[194] - The independent non-executive directors and auditors have confirmed compliance with contract arrangements and overall performance during the relevant period[196]
连续2年收入下滑!“贪玩游戏”母公司中旭未来发力出海
Nan Fang Du Shi Bao· 2025-04-01 14:57
Core Insights - The company reported a revenue of 5.58 billion yuan for the fiscal year 2024, a decrease of 14.3% year-on-year [2] - The net profit for 2024 was 44 million yuan, down 83.9% from 273 million yuan in 2023, with a net loss attributable to the parent company of 3.62 million yuan [2] - The decline in revenue is attributed to decreased game income under the cooperative operation model, underperformance of new game launches, and reduced income from consumer goods [2] Revenue Breakdown - The company achieved overseas revenue of 623 million yuan in 2024, marking a year-on-year increase of 44.9%, accounting for 11.2% of total revenue [3] - The self-operated game products generated 4.12 billion yuan in revenue, a decrease of 3.4%, while revenue from cooperative operations fell by 31.6% to 1.33 billion yuan [6] Cost Management - Research and development costs decreased by 25.4% to 128 million yuan in 2024, primarily due to a reduction in overall compensation related to R&D personnel [4] - Sales and distribution expenses remained high at 3.517 billion yuan but decreased by 9.4% from 3.88 billion yuan in 2023 [5] - Administrative expenses were recorded at 192 million yuan, down 27.6% from 265 million yuan in 2023 [5] Strategic Initiatives - The company is focusing on product matrix innovation, technology-driven strategies, and global expansion [6] - It has entered into a partnership to develop AI game business, aiming to optimize R&D processes and reduce costs [4] - The company is also expanding its portfolio in the mini-game sector, with successful launches such as "Little Soldier Battle" [7] Consumer Goods Performance - Revenue from the consumer goods sector fell by 52.2% to 102 million yuan in 2024, primarily due to a strategic focus on core gaming operations and intense market competition [7]
贪玩(09890) - 2024 - 年度业绩
2025-03-31 13:29
Financial Performance - The company's total revenue for the reporting period was RMB 5,580.1 million, a decrease of 14.3% compared to RMB 6,514.6 million in 2023[10]. - The net profit for the year was RMB 44.0 million, down 83.9% from RMB 273.3 million in 2023, with a net loss of RMB 385.0 million recorded for the six months ending June 30, 2024[10]. - Revenue from overseas operations reached RMB 623.4 million, representing a year-on-year increase of 44.9% from RMB 430.3 million in 2023, accounting for 11.2% of total revenue[10]. - The revenue from self-operated game marketing and operations for the year ended December 31, 2024, was RMB 4,118.8 million, a decrease of 3.4% compared to RMB 4,264.5 million in 2023[28]. - The revenue from joint-operated game marketing and operations for 2024 was RMB 1,329.8 million, down 31.6% from RMB 1,944.8 million in 2023[28]. - The total gross profit for 2024 was RMB 4,024.3 million, a decrease of 12.0% from RMB 4,573.3 million in 2023[31]. - The gross margin for 2024 was 72.1%, compared to 70.2% in 2023[32]. - Other income and gains for 2024 were RMB 162.9 million, a decrease of 65.2% from RMB 468.1 million in 2023[33]. - The company reported a total comprehensive income of RMB 42,765 thousand for 2024, compared to RMB 212,339 thousand in 2023, reflecting a decrease of 80.0%[71]. - The group’s profit before tax for 2024 was RMB (3,624) thousand, a significant decrease from RMB 235,487 thousand in 2023, indicating a decline in profitability[99]. - The total income tax expense for 2024 was RMB 54,396 thousand, down 61% from RMB 140,102 thousand in 2023, primarily due to lower taxable profits[97]. Market Trends - The domestic gaming market in China is projected to generate actual sales revenue of RMB 3,257.8 million in 2024, reflecting a year-on-year growth of 7.53%[7]. - The global gaming market is expected to reach RMB 12,163.4 million in 2024, with a year-on-year growth of 3.31%[5]. - The company aims to expand its overseas market presence as part of its global strategy[10]. - The company plans to deepen its global strategy by introducing quality game products to Southeast Asia, Europe, and the Middle East markets[23]. Product Development - The company is focusing on a diversified and premium product matrix strategy, which includes classic IP games and innovative new IP games[11]. - The game "Douluo Dalu: Shrek Academy" launched in January 2024 achieved top rankings on both the Apple App Store and TapTap[16]. - The classic IP games, such as "Legend" and "Miracle," continue to maintain stable user activity and are supported by ongoing content updates[12]. - The company launched the mobile network SLG "Beast Lord: New World" in June 2024, which topped multiple charts, including the iOS free list[17]. - The classic IP "Miracle MU: Infinite Golden Egg" gained 800,000 new users in Vietnam within the first month of release, achieving top rankings in both Google Play and App Store[21]. - The company has a pipeline of 17 game products ready for release, indicating a strong future product lineup[21]. - The AI-driven platforms "Luoshu" and "Hetu" have accumulated a machine learning training set of over 100 billion parameters, enhancing user acquisition and operational efficiency[20]. - The company has successfully launched over 30 multilingual games in various international markets, including Southeast Asia and Europe, demonstrating significant global expansion[21]. - The company has received approval for multiple high-quality game titles, strengthening its game portfolio for future growth[24]. Financial Position - The cash and cash equivalents as of December 31, 2024, were RMB 515.0 million, an increase from RMB 486.9 million in 2023[47]. - The current ratio as of December 31, 2024, was 1.28, up from 0.84 in 2023[50]. - The goodwill as of December 31, 2024, was zero, down from RMB 27.9 million in 2023, primarily due to poor performance in the consumer goods segment[43]. - Total capital expenditure for the year ended December 31, 2024, was approximately RMB 50.7 million, compared to RMB 23.0 million for the same period in 2023, indicating a significant increase[53]. - The total employee compensation cost for 2024 was RMB 366.5 million, a decrease of 26.9% from RMB 501.7 million in 2023[56]. - As of December 31, 2024, the group had pledged fixed deposits of RMB 2,176.3 million and fixed assets valued at RMB 56.6 million as collateral for bank loans and notes payable[58]. - The group had no significant contingent liabilities or unresolved major lawsuits as of December 31, 2024[54]. - The company had 912 employees as of December 31, 2024, down from 1,305 employees in 2023[56]. - The group’s trade payables totaled RMB 475,530 thousand in 2024, a slight increase from RMB 466,069 thousand in 2023, indicating stable supplier relationships[104]. - The fair value of listed equity investments increased to RMB 430,534 thousand in 2024 from RMB 412,800 thousand in 2023, showing a positive trend in market valuation[103]. Shareholder Matters - The company did not recommend a final dividend for the year ended December 31, 2024, consistent with no dividend in 2023[64]. - The group declared a special dividend of RMB 50,000 thousand on August 15, 2023, fully paid in cash, with no final dividend recommended for the year ending December 31, 2024[98]. - The company has scheduled its annual general meeting for June 19, 2025, to discuss shareholder matters[68]. - The company will suspend share transfer registration from June 16 to June 19, 2025, to determine shareholder eligibility for the upcoming annual general meeting[69]. Operational Efficiency - The company has implemented mechanisms to manage underage consumer protection in response to new regulatory requirements[8]. - The company has not encountered any significant labor disputes or difficulties in recruiting employees during the reporting period[57]. - The group reported a total of RMB 3,335,096 thousand in promotional expenses for 2024, down from RMB 3,685,013 thousand in 2023, showing a 9.5% reduction in marketing expenditures[6]. - Trade receivables at the end of 2024 amounted to RMB 237,194 thousand, a decrease of 23.6% from RMB 310,696 thousand in 2023, indicating improved collection efficiency[101]. - The company has no supplier financing arrangements, thus the recent accounting standards revisions had no impact on its financial statements[80]. - The company has clarified that liabilities classification is unaffected by the potential exercise of repayment rights[81].
盈警背后:中旭未来(9890.HK)24下半年经营显著转好,多重因素打开未来增长空间
Ge Long Hui· 2025-03-19 04:49
Core Viewpoint - The company, Zhongxu Future (9890.HK), has issued a profit warning, projecting a net profit between 10 million and 50 million yuan for 2024, a significant decrease from 273 million yuan in the previous year, but is expected to reverse its losses by the end of 2024 [1][2]. Group 1: Financial Performance and Forecast - In the first half of 2024, Zhongxu Future recorded a net loss of 385 million yuan, primarily due to increased operating expenses and asset impairment provisions, which are expected to impact the overall performance for the year [1][2]. - Despite the challenges, the company anticipates a strong recovery in the second half of 2024, with operational improvements expected to enhance profitability beyond last year's levels [2]. Group 2: Strategic Focus and Market Environment - The company is focusing on its core gaming business, benefiting from a strategic transformation that aligns with the growth of the gaming market, which reached a record sales revenue of 325.78 billion yuan in 2024 [3]. - The gaming user base in China has also reached 674 million, indicating a robust market environment that supports the potential for revenue growth from new game launches [3]. Group 3: Product Development and Growth Potential - Zhongxu Future is actively developing and launching new games, with over 20 games in reserve and more than 10 IP resources, which are expected to contribute to revenue and maintain market interest [4]. - The company’s long-term growth is supported by its deep experience in game operations, allowing it to maximize the potential of new titles once they enter the revenue recovery phase [4]. Group 4: Globalization and Technology Integration - The company is expanding its global footprint, with successful game launches in overseas markets, such as Vietnam and Thailand, where its titles have topped app store charts [6]. - Zhongxu Future is integrating advanced technologies like VR/AR and AI into its operations, enhancing game quality and operational efficiency, which is expected to lower costs and increase profitability [7].