Core Insights - Century Huatong reported a significant increase in revenue and profit for the first half of 2025, with revenue reaching 17.2 billion yuan, a year-on-year growth of 85.5%, and net profit of 2.656 billion yuan, up 129.33% [1] - The company anticipates continued business growth and value enhancement in the second half of the year, driven by positive industry policies, core product performance, and advancements in AI technology [1] Group 1: Financial Performance - In the first half of 2025, Century Huatong achieved a revenue of 17.2 billion yuan, representing an 85.5% year-on-year increase [1] - The net profit attributable to shareholders was 2.656 billion yuan, reflecting a 129.33% increase compared to the previous year [1] - The operating cash flow reached 3.918 billion yuan, marking a 107.4% growth [1] Group 2: Gaming Business Expansion - The software service sector, primarily focused on gaming, generated 16.433 billion yuan in revenue, accounting for 95.5% of total revenue, with a gross margin of 72.25%, up 2.09 percentage points year-on-year [2] - Over 52.06% of revenue came from overseas markets, with standout performances from games like "Whiteout Survival" and "Kingshot" [2] - "Whiteout Survival" topped the global mobile game revenue chart, while both it and "Kingshot" dominated the Chinese mobile game export revenue rankings [2] Group 3: New Game Launches and IP Strategy - The newly launched game "Bunbun Kingdom" on the WeChat mini-game platform is part of Century Huatong's strategy to inject new growth into the domestic market [3] - The company is focusing on classic IP operations through its subsidiary Shengqu Games, with new releases based on popular franchises [3] - Shengqu Games is advancing multi-platform versions of classic IPs to consolidate existing user bases and explore new market opportunities [3] Group 4: AI Development Initiatives - Century Huatong is actively investing in AI across both upstream and downstream sectors, including infrastructure and AI applications [4] - The company is involved in significant projects like the Tencent Yangtze River Delta AI Advanced Computing Center, which has seen rapid revenue and profit growth [4] - AI technologies are being integrated into game development processes, significantly enhancing efficiency in content production [4] Group 5: AI Brand and Innovation Competition - The company launched the "Shulong AI" brand and hosted the first "Shulong Cup" global AI game and application innovation competition, attracting 150 teams and 120 projects [5] - The chairman expressed confidence that AI will drive significant advancements in productivity and social collaboration [5]

Core Viewpoint - Zhejiang Century Huatong Group Co., Ltd. reported significant growth in its financial performance for the first half of 2025, driven primarily by its internet gaming segment, which solidified its position as a leading player in the industry [2][11]. Financial Performance - The company's operating revenue reached approximately 17.21 billion yuan, marking an 85.50% increase compared to the same period last year [2][24]. - Net profit attributable to shareholders was approximately 2.86 billion yuan, reflecting a 130.06% year-on-year growth [11]. - The basic earnings per share increased to 0.37 yuan, up 131.25% from the previous year [2][11]. Business Segments Internet Gaming - The internet gaming segment generated revenue of 16.43 billion yuan, a 93.06% increase year-on-year, with mobile games accounting for 88.69% of this revenue [11][12]. - The company launched several successful titles, including "Whiteout Survival" and "Kingshot," which contributed significantly to its revenue growth [12][14]. - Century Games, a subsidiary, has established a strong presence in overseas markets, particularly in the U.S. and Europe, enhancing its global footprint [12][20]. Artificial Intelligence Cloud Data - The AI cloud data segment is positioned as a key growth area, with the company participating in major projects like the Tencent AI Advanced Computing Center and Huawei Cloud Data Center [6][15]. - The demand for intelligent computing power is expected to grow significantly, with projections indicating that China's intelligent computing capacity will reach 1,037.3 EFLOPS by 2025 [6][16]. Automotive Parts Manufacturing - The automotive parts segment reported robust growth, with the company benefiting from the increasing demand for electric vehicles, capturing projects from major automakers like BYD and NIO [7][24]. - The company is recognized as a key supplier for several leading automotive manufacturers, enhancing its market position [23][24]. Industry Trends Internet Gaming - The domestic gaming market saw a sales revenue of 168 billion yuan in the first half of 2025, a 14.08% increase year-on-year, driven by supportive government policies and a growing user base [4][5]. - The trend towards lightweight games is emerging, with the mini-game market experiencing a 40.20% growth [5]. Artificial Intelligence - The AI sector is rapidly evolving, with a significant increase in demand for computing power driven by advancements in generative AI technologies [6][16]. - The integration of AI tools in game development is enhancing efficiency, with reported improvements in production cycles by 60% to 80% [21]. Automotive Industry - The automotive industry in China is experiencing a resurgence, with production and sales exceeding 15 million units in the first half of 2025, reflecting a double-digit growth [7][8]. - The shift towards electric vehicles is supported by government policies aimed at promoting high-quality, technologically advanced domestic brands [8][24].

Core Viewpoint - Zhejiang Century Huatong Group Co., Ltd. reported significant growth in revenue and net profit for the first half of 2025, with a notable increase in total assets and net assets compared to the previous year [1][2]. Financial Performance - The company's operating revenue reached approximately 17.21 billion yuan, marking an 85.50% increase compared to the same period last year [1]. - Net profit attributable to shareholders was approximately 2.66 billion yuan, reflecting a 129.33% increase year-on-year [1]. - The net cash flow from operating activities was approximately 3.92 billion yuan, up 107.40% from the previous year [1]. - Basic and diluted earnings per share both increased to 0.37 yuan, a rise of 131.25% [1]. - The weighted average return on equity was 10.15%, up from 4.41% in the previous year [1]. Asset and Equity Position - Total assets at the end of the reporting period were approximately 41.42 billion yuan, an increase of 6.41% from the end of the previous year [1]. - Net assets attributable to shareholders rose to approximately 27.55 billion yuan, reflecting an 11.05% increase [1]. Shareholder Information - The top shareholder, Wang Ji, holds 10.25% of the shares, with significant portions pledged and frozen [1][2]. - The company has not experienced any changes in its controlling shareholder or actual controller during the reporting period [2]. Important Events - The company received an administrative penalty from the China Securities Regulatory Commission (CSRC) due to false disclosures in previous annual reports, leading to retrospective adjustments in financial statements [2][3]. - The company has initiated a share repurchase plan to compensate for performance commitments related to major asset restructuring [2][3]. - Legal proceedings related to ICC arbitration have resulted in potential liabilities, with the company estimating a provision of approximately 573 million yuan related to these cases [3][4][5].

Group 1 - The company held its 11th meeting of the 6th Board of Directors on August 29, 2025, with all 9 directors present, and the meeting complied with relevant laws and regulations [1][2] - The Board approved the proposal to amend the company's Articles of Association, which will eliminate the supervisory board and transfer its powers to the audit committee of the Board [2][3] - The Board also approved the revision and establishment of several company systems, with all proposals receiving unanimous support from the directors [3][4] Group 2 - The company plans to renew the appointment of Da Xin Certified Public Accountants as the auditing firm for the fiscal year 2025, with an audit fee of RMB 10.5 million, including RMB 1 million for internal control auditing [4] - The Board approved the company's 2025 semi-annual report, confirming that it accurately reflects the company's situation without any misleading statements [4] - A proposal to convene the 4th extraordinary general meeting of shareholders in 2025 was also approved, scheduled for September 15, 2025 [4]

第十九条 两名以上成员认为会议材料不完整、论证不充分或者提供不及时 的，可以书面提出缓开委员会会议，或缓议部分事项，委员会应予以采纳。 第二十条 成员应当亲自出席薪酬与考核委员会会议，因故不能出席会议的， 应当事先审阅会议材料，形成明确的意见，并书面委托其他成员代为出席。独立 董事成员确实不能亲自出席会议的，应委托其他独立董事成员代为出席。 第二十一条 薪酬与考核委员会会议以现场召开为原则。在保证全体参会 董事能够充分沟通并表达意见的前提下，必要时可以依照程序采用视频、电话或 者其他方式召开。 第二十二条 薪酬与考核委员会会议表决方式为举手表决或投票表决。 浙江世纪华通集团股份有限公司 董事会薪酬与考核委员会工作细则 第一章 总 则 第一条 为完善浙江世纪华通集团股份有限公司（以下简称"公司"）治 理结构，协助董事会科学决策，促进经营层高效管理，根据《上市公司治理准则》 和《浙江世纪华通集团股份有限公司章程》 （以下简称《公司章程》）及其他有关 规定，公司特设立董事会薪酬与考核委员会（以下简称"薪酬与考核委员会"或 "委员会"），并制定本工作细则。 第二条 薪酬与考核委员会是董事会下设的专门委员会，经董事会批 ...

Core Points - The document outlines the independent director working system of Zhejiang Century Huatong Group Co., Ltd, aiming to enhance corporate governance and protect the rights of all shareholders, especially minority shareholders [1][2][3] Group 1: Independent Director Definition and Responsibilities - Independent directors must not hold any other positions within the company and should have no direct or indirect interests that could affect their independent judgment [2][3] - They are obligated to act in good faith and diligence towards the company and all shareholders, participating in decision-making, supervision, and providing professional advice [1][2][3] Group 2: Independence and Qualifications - Independent directors must maintain independence and avoid conflicts of interest, with a maximum of three concurrent positions in domestic listed companies [4][5] - The board must have at least one accounting professional among the independent directors, who must meet specific qualifications [6][7] Group 3: Nomination and Election Process - Independent director candidates can be proposed by the board or shareholders holding more than 1% of the company's shares, and must be approved by the shareholders' meeting [10][11] - Detailed information about candidates must be disclosed before the election to ensure shareholders are well-informed [12][13] Group 4: Rights and Duties - Independent directors have the right to participate in board decisions, supervise potential conflicts of interest, and provide professional advice to enhance decision-making [9][10] - They must report their independent opinions on significant matters and maintain detailed records of their activities [20][21] Group 5: Work Support and Compensation - The company must provide necessary support and conditions for independent directors to fulfill their duties, ensuring they have equal access to information [29][30] - Independent directors are entitled to compensation that reflects their responsibilities, which must be approved by the shareholders' meeting [30][31]

浙江世纪华通集团股份有限公司 董事会战略决策委员会工作细则 第一章 总 则 第一条 为完善浙江世纪华通集团股份有限公司（以下简称"公司"）治 理结构，提高公司重大决策的专业化水平，防范公司在战略和投资决策中的风险， 根据《上市公司治理准则》和《浙江世纪华通集团股份有限公司章程》（以下简 称《公司章程》）及其他有关规定，公司特设立董事会战略决策委员会（以下简 称"战略决策委员会"或"委员会"），并制定本工作细则。 第二条 战略决策委员会是董事会下设的一个专门委员会，经董事会批准 后成立。 第三条 战略决策委员会必须遵守《公司章程》，在董事会授权的范围内独 立行使职权，并直接向董事会负责。 第四条 战略决策委员会是董事会的参谋机构，也是公司有关战略规划和 投资管理方面重大问题的议事机构。 第五条 战略决策委员会应当对公司重大战略调整及投资策略进行合乎程 序、充分而专业化的研讨；应当对公司重大投资方案进行预审，对重大投资决策 进行跟踪。 第二章 战略决策委员会的产生与组成 第六条 战略决策委员会由 3 名成员组成，其中设召集人 1 名。 第七条 战略决策委员会由董事组成，其中独立董事成员 1 名。 第八条 战略决策 ...

第七条 提名委员会成员由董事会选举产生。召集人由独立董事担任，按一 般多数原则选举产生，负责主持委员会工作。 浙江世纪华通集团股份有限公司 董事会提名委员会工作细则 第一章 总 则 第一条 为完善浙江世纪华通集团股份有限公司（以下简称"公司"）治理 结构，协助董事会科学决策，促进经营层高效管理，根据《上市公司治理准则》 等有关法律、法规、规范性文件和《浙江世纪华通集团股份有限公司章程》（以 下简称《公司章程》）的规定，公司特设立董事会提名委员会（以下简称"提名 委员会"或"委员会"），并制定本工作细则。 第二条 提名委员会是董事会下设的专门委员会，经董事会批准后成立。 第三条 提名委员会必须遵守《公司章程》，在董事会授权的范围内独立行 使职权，并直接向董事会负责。 第四条 提名委员会主要负责拟定董事、高级管理人员的选择标准和程序， 对董事、高级管理人员人选及其任职资格进行遴选、审核。 第二章 提名委员会的产生与组成 第五条 提名委员会由 3 名成员组成，设召集人 1 名。 第六条 提名委员会成员由董事组成，其中独立董事成员 2 名。 第八条 提名委员会任期与董事会一致，可以连选连任。在成员任职期间， 如有成员 ...

Core Viewpoint - The Zhejiang Century Huatong Group Co., Ltd. has established an investor relations management system aimed at enhancing communication with investors, improving corporate governance, and maximizing shareholder value [1][2]. Group 1: Principles of Investor Relations Management - The basic principles of investor relations management include compliance, equality, proactivity, and honesty [2]. - The company emphasizes equal treatment of all investors, particularly small and medium-sized investors, and aims to create opportunities for their participation [2]. - The management should actively listen to investor feedback and respond to their needs in a timely manner [2]. Group 2: Objectives of Investor Relations Management - The primary objectives include strengthening communication through information disclosure, establishing a stable investor relations platform, promoting corporate integrity, and fostering a culture that respects investors [2][3]. - The company aims to maximize corporate value and shareholder interests by ensuring investors understand and support its development strategies [2]. Group 3: Methods and Channels of Communication - The company will utilize multiple channels such as its official website, new media platforms, and direct communication methods like investor meetings and roadshows to engage with investors [3][4]. - It is essential for the company to ensure that communication is based on publicly disclosed information and to avoid leaking any undisclosed significant information [4][5]. Group 4: Responsibilities and Training - The board secretary is responsible for organizing and coordinating investor relations activities, while other executives should refrain from speaking on behalf of the company unless authorized [5][6]. - The company will provide regular training for its executives and relevant personnel to enhance their understanding of investor relations management and related regulations [5][6]. Group 5: Record Keeping and Documentation - The company is required to maintain detailed records of investor relations activities, including participant details, communication content, and any sensitive information handling [7][9]. - All records must be stored securely for a minimum of three years, ensuring compliance with regulatory requirements [9].

Core Viewpoint - The document outlines the fundraising management system of Zhejiang Century Huatong Group Co., Ltd., emphasizing the proper storage, management, and utilization of raised funds to enhance their effectiveness and ensure compliance with relevant laws and regulations [1]. Group 1: General Provisions - The fundraising refers to funds raised through the issuance of stocks or other equity-like securities for specific purposes, excluding funds raised for equity incentive plans [1]. - The company must ensure that subsidiaries or controlled entities comply with the fundraising management system [1]. Group 2: Fund Storage and Management - The company is required to store raised funds in a special account approved by the board of directors and must sign a tripartite supervision agreement with the sponsor and the commercial bank within one month of the funds being in place [2]. - The tripartite agreement must include details such as the special account number, project details, and withdrawal notifications for significant amounts [2][3]. Group 3: Fund Utilization - The company must use raised funds prudently, ensuring alignment with the commitments made in the issuance application documents and must not change the investment direction without proper procedures [4]. - Funds must be used specifically for the main business and should not be allocated for high-risk investments or financial assistance to others [4][5]. Group 4: Changes in Fund Usage - Any changes in the use of raised funds must be approved by the board of directors and disclosed promptly, especially if it involves new projects or permanent funding [11][12]. - The company must conduct feasibility analyses for new investment projects to ensure they have good market prospects and profitability [23]. Group 5: Fund Management and Supervision - The accounting department must maintain detailed records of the usage of raised funds, and internal audits should be conducted quarterly [28]. - The board of directors must regularly review the actual storage, management, and usage of raised funds and report any discrepancies [29][30].