于2025年5月16日，本集团与恺英网络签订三年(2025年至2027年)游戏产品合作备忘录(游戏产品合作备 忘录)。该产品合作备忘录涵括的IP及游戏产品，不仅包括在延续经典IP上开发的新游戏，如：《龙腾 传奇》《王者传奇2》《虎卫战神》等"传奇"IP游戏、《新月大陆》《代号：高清》等"奇迹"IP游戏、 《热血江湖：觉醒》等"热血江湖"IP游戏、开放世界大型3D游戏《斗罗大陆：诛邪传说》等"斗罗大 陆"IP游戏等，还包括如"笑傲江湖""射鵰三部曲"("射鵰英雄传"、"神鵰侠侣"、"倚天屠龙记")在内的"金 庸武侠"IP。 消息面上，中旭未来发布公告，兹提述本公司日期为2025年2月26日的自愿公告，本公司间接全资附属 公司香港远达未来有限公司(远达未来)与恺英网络股份有限公司(002517.SZ)(恺英网络)附属公司杭州恺 兴网络科技有限公司(杭州恺兴)签订合作备忘录，拟共同投资杭州极逸人工智能科技有限公司(极逸人工 智能)，共同推进AI大模型技术在游戏领域的发展。 于2025年5月16日，远达未来与杭州极尚创新企业管理合伙企业(有限合伙)及杭州恺兴正式订立投资协 议，共同投资杭州极逸，总代价为现金人民币10 ...

于2025年5月16日，本集团与恺英网络签订三年(2025年至2027年)游戏产品合作备忘录(游戏产品合作备 忘录)。该产品合作备忘录涵括的IP及游戏产品，不仅包括在延续经典IP上开发的新游戏，如：《龙腾 传奇》《王者传奇2》《虎卫战神》等"传奇"IP游戏、《新月大陆》《代号：高清》等"奇迹"IP游戏、 《热血江湖：觉醒》等"热血江湖"IP游戏、开放世界大型3D游戏《斗罗大陆：诛邪传说》等"斗罗大 陆"IP游戏等，还包括如"笑傲江湖""射鵰三部曲"("射鵰英雄传"、"神鵰侠侣"、"倚天屠龙记")在内的"金 庸武侠"IP。 本集团一直视恺英网络为长期战略合作伙伴。我们的中国经营实体之一江西贪玩信息技术有限公司运营 的游戏平台"贪玩游戏"便与恺英网络旗下核心研发附属公司浙江盛和网络科技有限公司始终秉持"研发 +发行"的协同发展模式，在经典IP价值挖掘与全球化布局层面取得显著成效。合作伊始，双方围绕"传 奇"、"奇迹"、"热血江湖"等经典IP的研发、发行及市场推广展开，成功打造了《原始传奇》《全民江 湖》《神兵奇迹》等多款现象级游戏。我们不断拓展经典IP的多元形态(如H5游戏、小程序游戏等)，延 长游戏生命週期。同 ...

中旭未来公告，公司间接全资附属公司香港远达未来有限公司与恺英网络（002517）股份有限公司附属 公司杭州恺兴网络科技有限公司签订投资协议，共同投资杭州极逸人工智能科技有限公司，总代价为现 金人民币1000万元。投资完成后，远达未来将成为极逸人工智能的股东。同时，中旭未来与恺英网络签 订三年游戏产品合作备忘录，合作开发包括"传奇"、"奇迹"、"热血江湖"等IP的游戏产品。 ...

此外，中旭未来提及了导致2024年度的收入减少的主要因素，包括若干现有游戏已进入其生命周期的后期阶段，布局新品类游戏赛道推出的新品游戏仍处于 回本周期前期，尚未完全实现收入贡献潜力，以及消费品业务及其他非游戏业务收入减少。 根据相关报道，中旭未来董事长2024年降薪超过2000万元，在被问及"是否与业绩下滑幅度匹配"时，中旭未来表示，董事长所获得的总酬金中以"以股权结 算的购股权开支"部分居多。"以股权结算的购股权开支"按照相关会计准则，在被授予当年就需要对其开始进行摊销。因此并非出现年薪骤降的情况，亦与 业绩无关。 中旭未来同时介绍了其业务发展的相关情况。中旭未来称，从2023年开始，该公司逐步从"提供吃喝玩乐一站式服务"的战略，转型为"聚焦游戏业务"的发展 核心战略方向。目前已储备包括"传奇""奇迹""热血江湖"等知名IP，涵盖开放世界、国风武侠、动作冒险等赛道，相关游戏产品正在有序研发中。同时代理 发行的多款精品游戏已成功获批版号，包括《自在江湖》《王国危机》《笑傲江湖：群侠传》《热血江湖：觉醒》等。 在游戏行业竞争激烈，业绩普遍承压以及下滑的背景下，多家上市游戏企业陆续披露2024年报以及2025年第 ...

2024年的中国游戏行业，如同一场冰与火的较量。据伽马数据（CNG）显示，2024年全球游戏市场规 模为1.22万亿元人民币，同比仅增长3.3%，较2023年的5.1%进一步下滑。 如今，市场"强者恒强"与"创新颠覆"的现象并存，头部厂商靠IP和技术构筑壁垒，中小团队以AI和差异 化内容突围，全球化也成为游戏企业的必选项而非可选项，那些能快速适配监管、用技术杠杆放大内容 价值的企业，将成为新一轮周期的赢家。 当行业步入红海竞争深水区，中旭未来（09890）却上演了一场漂亮的逆袭——全年境外收入暴增 44.9%、毛利率提升至72.1%、现金储备逆势突破至5.15亿元，勾勒出一幅"守正出新"的战略图景。 2024年，"不出海，就出局"，这句游戏行业的生存法则，在中旭未来的财报中得到了极致演绎。 在公司财报第三页上，一组数字格外醒目：2024年境外收入达6.23亿元，远高于2023年的4.30亿元，同 比激增44.9%，占总营收比重由6.6%跃升至11.2%。这背后，来自越南、中国台湾等市场的爆炸性增 长。 据智通财经APP了解到，多年以来，中旭未来持续落地"全球发行+本地文化适配"双引擎，截至2024年 底，公司 ...

据了解，中旭未来(贪玩游戏)于此前一直保持对世纪华通的战略性投资，旨在通过资本合作深化双方在 游戏研发、发行及IP运营等领域的协同效应。 随着世纪华通2024年全年及2025年第一季度财报的发布，公开数据显示，世纪华通2025年一季度揽得 81.45亿元，2024年营收226.2亿元，双登历史最高。尤其值得注意的是，世纪华通一季度已实现营收 81.45亿元，同比增长91.12%；归母净利润13.5亿元，同比增长107.2%；扣非后净利润13.46亿元，同比 增长107.95%；经营性现金流12.91亿元，同比增长48%。 港股上市游戏公司中旭未来(贪玩游戏)(09890)对A股上市公司浙江世纪华通集团(002602.SZ)的战略投资 迎来阶段性成果。 2025年4月28日，世纪华通同时发布2024年全年及2025年第一季度财报，得益于世纪华通2025年第一季 度的业绩表现亮眼，其股价于2025年4月29日强势涨停，为中旭未来(贪玩游戏)带来可观的投资收益， 进一步巩固了其在游戏行业的战略布局。 战略投资成效显现 中旭未来(贪玩游戏)与世纪华通的合作不仅限于资本层面，双方在游戏内容开发、技术共享及市场拓展 等方 ...

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]

研发成本同比减少25.4% 今年2月，中旭未来旗下专注于AI业务的子公司香港远达未来与恺英网络子公司杭州恺兴网络科技正式 签署合作备忘录，共同投资极逸公司，聚焦AI游戏业务开发。 3月31日，在国内知名度极高的"贪玩蓝月"游戏系列母公司的中旭未来发布2024年度业绩报告。期内， 公司实现营业收入55.8亿元，同比减少14.3%。 回顾2020年-2023年，公司产生收入分别为28.7亿元、57.4亿元、88.2亿元，65.15亿元，可以发现，自上 市以来持续下滑。2024年度收入减少的原因，包括联运模式下的游戏收入下降、推出的新游戏尚未完全 实现收入贡献潜力，以及消费品业务收入减少。 财务指标方面，2024年录得净利润4400万元，较2023年净利润2.73亿元减少83.9%；归属母公司净亏损 362.40万元，同比止盈转亏，2023年同期净利润2.35亿元。 去年的利润下降，主要是由于收入减少高于成本的减少，同时其他收入及收益也大幅下降，尤其是与金 融资产投资相关的收益减少导致的。此外，公司商誉在报告期内降至零，主要因消费品业务表现不佳以 及战略重心转向游戏产品营销与运营。 出海营收占比升至11.2% 出海 ...

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 3月18日，中旭未来(贪玩游戏的上市主体)发布盈利预警公告，预计2024年度净利润将介乎1000万元至 5000万元之间，较去年同期的2.73亿元大幅减少，但其在2024年上半年已录得净亏损3.85亿元的不利基 础上，强势逆转，实现了24年全年业绩的扭亏为盈。 从源头来分析，2024年中期影响中旭未来业绩的因素，全年依然存在，包括联运模式下游戏产品收入、 消费品业务及其他非游戏业务收入减少，推广优质新游戏而增加销售费用但新游戏仍处回本周期前期， 以及计提各项资产减值准备、按公平值计入损益的金融资产投资亏损增加而增加其他开支。 2024年，中国游戏市场实际销售收入3257.83亿元，游戏用户规模6.74亿人，双双创下历史新高。到2025 年2月，中国游戏市场实现收入279.35亿元，同比增长12.30%，也佐证了行业持续向好和较高的成长 性。 这样的大环境为优质新游孵化以及长青产品持续焕新，提供了肥沃土壤，使中旭未来能够更好地兑现成 长，从中获得充足发展动能。 2、发行新游+储备丰富，奠定增长基础 产品层面，中旭未来正在布局 ...