Core Viewpoint - The company is experiencing rapid growth, with significant increases in revenue and profit projections for 2025-2027, driven by a robust product matrix and innovative business strategies [1][2]. Group 1: Financial Performance - The company adjusted its revenue forecasts for 2025-2027 to 69.9 billion, 87.4 billion, and 104.8 billion respectively, up from previous estimates of 65.5 billion, 81.1 billion, and 96.7 billion [1]. - The net profit attributable to the parent company is projected to be 10.4 billion, 12.6 billion, and 15.4 billion for 2025-2027, revised from 9.4 billion, 11.7 billion, and 14.5 billion [1]. - In the first half of 2025, the company achieved a revenue of 31.8 billion, a year-on-year increase of 40%, with a gross profit of 17.8 billion, up 56% [1]. Group 2: Business Strategy and Growth - The company is implementing a "product replication + country replication" strategy, with core products in the Middle East and North Africa seeing over 60% growth [1]. - The social business segment generated 28.3 billion in revenue in the first half of 2025, reflecting a 37% year-on-year increase, supported by deepening local operations and expanding into new markets [2]. - The innovative business segment saw a revenue increase of 71% in the first half of 2025, reaching 3.5 billion, with a gross margin of 73.7%, up 18.4 percentage points [2]. Group 3: AI and Product Development - The company is leveraging AI technology to enhance user engagement, with metrics such as average online duration, payment rate, and ARPU showing steady improvement [3]. - The launch of the AI creative content community Aippy marks the company's entry into the AI Agent and content community sectors [3]. - The social e-commerce business is also growing rapidly, with profits from the health segment increasing by over 100% year-on-year in the first half of 2025 [3].

赤子城科技(09911)发布公告，高明先生因寻求其他事业发展机会，故辞任公司独立非执行董事以及董 事会审核委员会以及董事会薪酬委员会各自的成员，自2025年8月29日起生效。 陈玉宇先生获委任为公司独立非执行董事，自2025年8月29日起生效。 由于高先生已离任公司董事，彼等于各委员会职位由陈先生接任。 ...

格隆汇8月29日丨赤子城科技(09911.HK)发布公告，高明因寻求其他事业发展机会，故辞任公司独立非 执行董事以及审核委员会以及薪酬委员会各自的成员，自2025年8月29日起生效。此外，陈玉宇获委任 为公司独立非执行董事，自2025年8月29日起生效。 ...

由于高先生已离任公司董事，彼等于各委员会职位由陈先生接任。 智通财经APP讯，赤子城科技(09911)发布公告，高明先生因寻求其他事业发展机会，故辞任公司独立非 执行董事以及董事会审核委员会以及董事会薪酬委员会各自的成员，自2025年8月29日起生效。 陈玉宇先生获委任为公司独立非执行董事，自2025年8月29日起生效。 ...

董事會下設三個委員會。下表提供董事會成員在該等委員會中擔任的職位。 董事會成員名單與其角色和職能 赤子城科技有限公司（「本公司」）董事會（「董事會」）成員載列如下： 執行董事 NEWBORN TOWN INC. 赤子城科技有限公司 （於開曼群島註冊成立的有限公司） （股份代號：9911） 劉春河先生 （董事長） 李 平先生 葉椿建先生 蘇 鑒先生 獨立非執行董事 陳玉宇先生 池書進先生 陳思超女士 C：有關董事委員會主席 M：有關董事委員會的成員 2025年8月29日，北京 | 董事 | | 董事委員會 | 審核委員會 | 薪酬委員會 | 提名委員會 | | --- | --- | --- | --- | --- | --- | | 劉春河先生 | | | – | – | C | | 李 | 平先生 | | – | – | – | | 葉椿建先生 | | | – | – | – | | 蘇 | 鑒先生 | | – | M | – | | 陳玉宇先生 | | | M | M | – | | 池書進先生 | | | C | – | M | | 陳思超女士 | | | M | C | M | 附註： ...

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，並明確表示概不就因本公告之全部或任何部分內容而產生或因依 賴該等內容而引致的任何損失承擔任何責任。 NEWBORN TOWN INC. 赤子城科技有限公司 （於開曼群島註冊成立的有限公司） （股份代號：9911） 獨立非執行董事變更 董事委員會組成變更 陳先生的履歷詳情如下： 陳玉宇先生，54歲，自1994年9月至1997年12月，陳先生於國家經濟體制改革委 員會宏觀經濟司擔任主任科員。自2002年7月至2008年7月，他於北京大學光華管 理學院應用經濟系擔任助理教授。自2008年8月至2013年7月，他於北京大學光華 管理學院應用經濟系擔任副教授。自2013年8月起至今，陳先生於北京大學光華 管理學院應用經濟學系擔任教授。陳先生自2017年6月至2024年1月於廣東新會 美達錦綸股份有限公司（一家在深圳證券交易所上市的公司，證券代碼：000782） 擔任獨立董事。自2019年11月至2021年1月於湛江國聯水產開發股份有限公司 （一家在深圳證券交易所上市的公司，證券代碼：300094）擔任獨立董事。 ...

Core Insights - The stock of ZhiZi City Technology (9911.HK) increased by 13.24% to HKD 12.23, reaching a market capitalization of HKD 17.275 billion, with an intraday high of HKD 12.38, marking a historical peak [1] Financial Performance - For the six months ending June 30, total revenue reached HKD 3.181 billion, representing a 40.0% increase compared to the same period in 2024 [1] - The profit attributable to equity shareholders was HKD 489 million, showing a significant year-on-year growth of 117.8% [1] - Adjusted EBITDA for the period was HKD 646 million, reflecting a 44.0% increase year-on-year [1] Business Segments - Social business revenue amounted to HKD 2.834 billion, which is a 37.0% increase year-on-year [1] - The gaming social platform TopTop achieved a notable milestone, with monthly revenue surpassing USD 10 million for the first time, joining MICO and SUGO as the company's third product to reach this threshold [1]

Core Insights - The company, Zhizi City Technology (09911), experienced a significant stock price increase of over 10% following the release of its mid-year performance report for 2025, with a current price of 11.5 HKD and a trading volume of 90.8 million HKD [1] Financial Performance - For the reporting period, the company reported a revenue growth of 40.0% year-on-year and a substantial increase in net profit attributable to shareholders by 117.8% [1] - The Middle East and North Africa (MENA) market showed exceptional performance, with core product revenue in the region growing over 60% year-on-year, continuing the high growth trend from 2024 [1] Strategic Positioning - The continuous growth in the MENA region indicates that the company's localized operations are beginning to demonstrate a "compound effect," with increasing market barriers [1] - The company has established leading positions in various niche markets with multiple products, steadily progressing towards its strategic goal of penetrating the Middle Eastern market [1] Future Outlook - According to CICC, the company has slightly raised its full-year profit expectations due to improved operating profit margins in the first half of the year [1] - Historically, the second half of the year is a peak season for the company, with revenue trends typically showing a pattern of lower performance in the first half and higher in the second half [1] - New products such as SUGO and TopTop have shown accelerated year-on-year revenue growth in July, indicating potential for revenue elasticity in the second half of the year [1] - The company is expected to benefit from optimized customer acquisition strategies and AI efficiency improvements, suggesting a focus on operational leverage exceeding expectations [1]

Core Viewpoint - ZhiZi City Technology (09911) reported a significant increase in revenue and net profit for the first half of 2025, indicating strong growth potential in the Middle East and North Africa market [1] Financial Performance - The company achieved a revenue growth of 40.0% year-on-year and a substantial increase in net profit attributable to shareholders of 117.8% [1] - The core products in the Middle East and North Africa region saw revenue growth exceeding 60% year-on-year, continuing the rapid growth trend from 2024 [1] Market Strategy - The continuous growth in the Middle East and North Africa suggests that the company's localized operations are beginning to show a "compound interest effect," with increasing market barriers [1] - The company is steadily progressing towards its strategic goal of penetrating the Middle Eastern market, with several products leading in their respective segments [1] Analyst Insights - CICC has slightly raised its profit expectations for the company for the full year, considering the improved operating profit margin in the first half [1] - Historically, the second half of the year is a peak season for the company, with revenue trends typically showing a pattern of lower performance in the first half and higher performance in the second half [1] - New products such as SUGO and TopTop have shown accelerated year-on-year revenue growth in July, indicating potential for revenue elasticity in the second half [1]

Core Insights - The company, Zhizi City Technology, reported significant growth in its mid-2025 performance, with a revenue increase of 40.0% year-on-year and a net profit growth of 117.8%, driven by the dual explosion of social and innovative businesses, as well as the deepening application of AI technology [1][4]. Business Segments - The social business remains the primary revenue contributor, with new products TopTop and SUGO showing explosive growth, while established products MICO and YoHo continue to provide stable profits [4]. - The innovative business saw a remarkable revenue increase of 70.5%, with both premium games and social e-commerce performing exceptionally well [4][7]. Market Performance - The MENA region continues to be a strong market for the company, with core social product revenues in this area growing over 60% year-on-year [4][7]. - In the first half of the year, the social business generated revenue of 2.834 billion yuan, reflecting a 37.0% year-on-year increase, with SUGO and TopTop achieving revenue growth exceeding 100% [7]. AI Integration - AI technology has been increasingly applied in various business scenarios, enhancing operational metrics and improving user satisfaction and retention [11][12]. - The launch of Aippy, a no-code creative content community powered by AI, allows users to easily create websites and games, targeting users without programming skills [12].