证券代码：300533 证券简称：冰川网络 公告编号：2025-025 深圳冰川网络股份有限公司 关于召开 2024 年年度股东大会的通知 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导 性陈述或重大遗漏。 深圳冰川网络股份有限公司（以下简称"公司"）于 2025 年 4 月 20 日召 开第五届董事会第六次会议，审议通过了《关于提请召开公司 2024 年年度股东 大会的议案》，同意于 2025 年 5 月 16 日召开公司 2024 年年度股东大会。本次 股东大会将采取现场投票及网络投票的方式召开，根据相关规定，现将本次股东 大会的相关事项通知如下： 一、召开会议的基本情况 1.股东大会届次：2024 年年度股东大会 2.股东大会的召集人：公司董事会 3.会议召开的合法、合规性：经公司第五届董事会第六次会议审议通过，决 定召开公司 2024 年年度股东大会，召集程序符合有关法律、行政法规、部门规 章、规范性文件和公司章程的规定。 4.会议召开的日期、时间： （2）网络投票时间： 通过深圳证券交易所交易系统进行网络投票的具体时间为：2025 年 5 月 16 日上午 9:15-9 ...

Core Viewpoint - The company, Ice River Network, is experiencing revenue growth but significant net profit losses in 2024, primarily due to increased marketing expenses related to game user acquisition [1][2][3] Financial Performance - In 2024, Ice River Network achieved revenue of 2.788 billion yuan, a year-on-year increase of 0.17%, while net profit showed a loss of 249 million yuan, a decline of 191.12% [1][2] - The adjusted net profit, excluding non-recurring gains and losses, was a loss of 317 million yuan, a drop of 257.13% year-on-year [2] - Quarterly revenue for 2024 was 560 million yuan, 646 million yuan, 777 million yuan, and 805 million yuan, with net profits of -446 million yuan, -69 million yuan, 48 million yuan, and 218 million yuan respectively [2] Marketing and User Acquisition - The company significantly increased its marketing spend on overseas markets and new game launches, particularly for titles like "Hero Clash," "Epic War," and "Titan War," leading to a substantial rise in sales expenses [2][3] - In Q1 2024, sales expenses reached 855 million yuan, a 168.36% increase year-on-year, with user acquisition costs for the aforementioned games totaling 683 million yuan, accounting for 79.93% of total sales expenses [2] Game Performance and ROI - "Hero Clash," a key product, had over 25.7 million registered accounts by mid-2024, but its marketing costs were 4.75 billion yuan against revenues of 2.25 billion yuan, resulting in a marketing cost-to-revenue ratio of 210.88% [3] - Other games also showed high marketing cost ratios, with "Titan War" at 179.26% and "Merge Topia" at 137.85% [3] Regulatory Issues - The company faced scrutiny from the Shenzhen Securities Regulatory Bureau for irregularities in financial reporting, including improper consolidation of financial statements and failure to recognize impairment losses in a timely manner [6][7] - The company and its executives received warnings from the regulatory body due to these issues, which could impact future financial disclosures [6][7]

A股市场进入一季报业绩密集期披露。截至4月15日，已有267家上市公司发布一季度业绩预告或一季 报，其中243家公司业绩同比向好，占比逾九成。宁德时代（300750）、国泰海通、中远海控 （601919）、紫金矿业（601899）、比亚迪（002594）等多家行业龙头公司实现"开门红"。农林牧渔板 块则大幅扭亏为盈，养猪龙头牧原股份（002714）归母净利超40亿元。 5家公司净利润超100亿元 据证券时报.数据宝统计，截至4月15日，267家已发布第一季度相关报告公司中，5家公司净利润超过 100亿元(业绩预告取中值，下同)，依次为宁德时代、中国人保（601319）、国泰海通、中远海控和紫 金矿业。宁德时代盈利规模暂居榜首，为139.63亿元；国泰海通净利润实现翻倍，同比增幅375%。 宁德时代净利润增速远超营收增速，一季度实现营业收入847.05亿元，同比增长6.18%；归母净利润 139.63亿元，同比增长32.85%；扣非净利润118.29亿元，同比增长27.92%。公司经营活动现金流也表现 亮眼，流量净额为328.68亿元，同比增长15.91%。 宁德时代一季度电池销量超过120GWh，同比增长超过 ...

Core Viewpoint - The financial performance of Glacier Network in 2024 reflects the deep-seated competition within the gaming industry's "user acquisition model," revealing a paradox of revenue growth without profit increase [1] Financial Performance - In 2024, the company reported total revenue of 2.788 billion yuan, a slight increase of 0.17% year-on-year, but incurred a net loss of 249 million yuan, with a further loss of 317 million yuan after excluding non-recurring items, indicating the cost of strategic expansion [1] - In the first half of the year, the company spent 909 million yuan on user acquisition for five games, accounting for 64.95% of sales expenses, while generating only 1.206 billion yuan in revenue [2] - The aggressive strategy of "loss for scale" is compounded by a longer revenue recognition cycle for overseas investments, leading to a mismatch in cash flow, with sales expenses exceeding revenue [2] Product and Market Dynamics - The core product "Super Ability World" saw a 69% year-on-year decline in domestic iOS revenue, and ARPPU dropped by 47%, while the overseas version "Hero Clash" remained weak in the U.S. market [3] - The new product "Realm of Legends" generated only 340,000 USD in its first month, failing to compensate for the decline of older products, highlighting an over-reliance on "sub-game user acquisition" [3] Profitability Outlook - For Q1 2025, the company anticipates a profit of 176 to 228 million yuan, attributed to cost reduction and efficiency improvements, but this is largely driven by the release of deferred revenue [4] - The actual cash inflow remains under pressure, as the increase in deferred revenue may mask the true profitability, with non-recurring gains being minimal [4] Financial Risks and Strategic Challenges - As of Q3 2024, the company had a debt-to-asset ratio of 55% and net cash flow from operating activities of -467 million yuan, raising concerns about financial stability [5] - The controlling shareholder's plan to sell shares worth approximately 110 million yuan may further undermine market confidence [5] - Despite the approval of a 1.2 billion yuan capital increase to alleviate short-term debt pressures, the company faces challenges in overcoming rising user acquisition costs and the need for product innovation [5] Industry Implications - The ongoing "cash flow consumption battle" may redefine the survival threshold of the user acquisition model in the gaming industry [6]

冰川网络（300533）公告，2025年1月1日至2025年3月31日，预计归属于上市公司股东的净利润为1.76 亿元～2.28亿元，上年同期为亏损-4.46亿元。扣除非经常性损益后的净利润预计为1.74亿元～2.25亿 元，上年同期为亏损-4.5亿元。报告期内，公司降低预期回收较弱项目的投放力度，销售费用下降，推 行降本增效措施，运营和管理成本环比下降。非经常性损益金额约为300万元，主要为政府补贴。 ...

Financial Performance - Total revenue for 2024 reached RMB 2,788,193,013.39, a slight increase of 0.17% compared to the previous year[5] - Operating profit was reported at RMB -221,888,495.12, a significant decline of 172.83% year-over-year[5] - Net profit attributable to shareholders was RMB -248,987,365.48, representing a decrease of 191.12% from the prior year[5] - Basic earnings per share fell to RMB -1.07, down 189.92% compared to the same period last year[5] - Non-recurring gains and losses were estimated at RMB 68 million, primarily from bank wealth management income and government subsidies[9] Assets and Equity - Total assets decreased by 8.95% to RMB 2,423,664,307.06 at the end of the reporting period[10] - Shareholders' equity attributable to the company dropped by 21.73% to RMB 1,278,116,077.36[10] Operational Costs - The company experienced increased sales expenses and operational costs due to enhanced investment in overseas markets and new product launches[8] Return on Assets - The weighted average return on net assets decreased by 32.83 percentage points to -17.17%[5] Future Reporting - The company plans to provide detailed financial data in the annual report, with preliminary figures subject to change[12]

Financial Performance - The company expects a net profit attributable to shareholders of between RMB 176 million and RMB 228 million for Q1 2025, a significant recovery from a loss of RMB 445.5 million in the same period last year[3] - The net profit after deducting non-recurring gains and losses is projected to be between RMB 173.5 million and RMB 225 million, compared to a loss of RMB 449.6 million in the previous year[3] - As of March 31, 2025, the non-recurring gains and losses for the reporting period are approximately RMB 3 million, primarily from government subsidies[7] - The financial data in this earnings forecast has not been audited by a registered accounting firm[4] - The specific financial data for Q1 2025 will be detailed in the company's Q1 2025 report[8] Cost Management - The decrease in sales expenses compared to the same period last year is attributed to the company's reduced investment in projects with weak expected returns[5] - The company implemented cost reduction and efficiency enhancement measures, leading to a decrease in operational and management costs on a month-over-month basis[6] Investment Advisory - Investors are advised to make cautious decisions and be aware of investment risks[9]

受托方 产品名称 委托理财金 额 起始日 到期日 产品类型 预期年化 收益率 中国对外经 济贸易信托 有限公司 外贸信托- 中金鑫安 115 号集合 3,000.00 万 元人民币 2025 年 3 月 6 日 2025 年 5 月 13 日 非保本浮 动收益型 2.30% 一、公司及子公司购买理财产品的基本情况 | 资金信托计 | | --- | | 划（产品编 | | 码： | | ZXD33Z20 | | 2304010071 | | 639） | 关联关系说明：公司及子公司与理财产品受托方无关联关系。 二、审批程序 证券代码：300533 证券简称：冰川网络 公告编号：2025-009 深圳冰川网络股份有限公司 关于使用闲置自有资金购买理财产品的进展公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导 性陈述或重大遗漏。 深圳冰川网络股份有限公司（以下简称"公司"）第四届董事会第二十六次 会议、第四届监事会第二十二次会议及 2023 年年度股东大会审议通过了《关于 使用闲置自有资金进行现金管理的议案》，鉴于公司目前经营情况稳定，财务状 况稳健，根据《深圳证券交易所创业板股 ...

证券代码：300533 证券简称：冰川网络 公告编号：2025-007 深圳冰川网络股份有限公司 关于使用闲置自有资金购买理财产品赎回的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导 性陈述或重大遗漏。 深圳冰川网络股份有限公司（以下简称"公司"）第四届董事会第二十六次 会议、第四届监事会第二十二次会议及 2023 年年度股东大会审议通过了《关于 使用闲置自有资金进行现金管理的议案》，鉴于公司目前经营情况稳定，财务状 况稳健，根据《深圳证券交易所创业板股票上市规则》《深圳证券交易所上市公 司自律监管指引第 2 号——创业板上市公司规范运作》等相关规定，为提高公司 资金使用效率，在保证公司主营业务正常经营和资金安全的情况下，同意公司及 子公司使用闲置自有资金不超过人民币 20 亿元进行现金管理，用于购买安全性 高、流动性好且投资期限最长不超过 12 个月的现金管理产品或理财产品，购买 渠道包括但不限于银行、证券公司等金融机构，自公司股东大会审议通过之日起 一年内有效，在上述使用期限及额度范围内，资金可循环滚动使用。公司授权董 事长最终审定并签署相关实施协议或合同等文件、公司财 ...

证券代码：300533 证券简称：冰川网络 公告编号：2025-008 深圳冰川网络股份有限公司 关于与专业投资机构共同投资嘉兴隽宇股权投资合伙企业 （有限合伙）的进展公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导 性陈述或重大遗漏。 一、与专业投资机构共同投资的概述 托管人名称：江苏银行股份有限公司 备案编码：SAQG78 深圳冰川网络股份有限公司（以下简称"公司"）于 2024 年 10 月 11 日召 开了第五届董事会第三次会议，审议通过了《关于与专业投资机构共同投资嘉兴 隽宇股权投资合伙企业（有限合伙）的议案》，公司作为有限合伙人以自有资金 人民币 2,000.00 万元参与认购上海上汽恒旭投资管理有限公司（以下简称"上 汽恒旭"）设立的嘉兴隽宇股权投资合伙企业（有限合伙）（以下简称"嘉兴隽 宇"）的部分份额，认购份额占嘉兴隽宇全体合伙人认缴出资总额的 8.299%，并 拟与基金管理人暨普通合伙人上汽恒旭及其他有限合伙人签署《嘉兴隽宇股权 投资合伙企业（有限合伙）之合伙协议》。嘉兴隽宇将专项投资于深圳市卓驭科 技有限公司，本次共同投资参与基金的投资收益尚存在不确定性 ...