值得一提的是，洪恩在持续拓展市场场景的努力中也取得了一定的成效。公司以《洪恩智能编程》为基 础，为北京一家备受认可的小初高一贯制民办学校—博雅学校量身打造了一套编程学习方案，这也标志 着洪恩的AI编程内容首次正式落地校园。 近年来，尽管儿童启蒙相关行业面临新生儿数量下降的挑战，洪恩依然通过产品创新和市场拓展展现了 其稳健的发展策略。通过扩充内容库、优化产品体验以及拓展国际市场，洪恩不仅巩固了其在国内市场 的优势地位，还在全球范围内赢得了更多用户的关注。未来，洪恩有望通过持续的产品创新和市场拓 展，进一步提升其在科技益智领域的竞争力。 （文章来源：证券日报） 本报讯 （记者李春莲）近日，北京洪恩教育科技股份有限公司（以下简称"洪恩"，股票代码：IH）发 布了2025年第一季度财报。财报显示，洪恩第一季度实现营业收入2.104亿元，净利润为2650万元。 洪恩在本季度的产品创新尤为值得关注。其旗舰产品《洪恩识字》通过扩充内容库，将汉字总量从1300 个提升至1800个。这一举措不仅丰富了学习资源，更提升了产品的趣味性和实用性。 此外，《洪恩思维》新增的应用解题模块也是一大亮点。通过生动的动画讲座，将数学概念与现实 ...

Core Insights - iHuman Inc. reported its unaudited financial results for Q1 2025, highlighting a decrease in revenues but continued profitability for 13 consecutive quarters [1][9][11]. Financial Performance - Revenues for Q1 2025 were RMB 210.4 million (US$ 29.0 million), down from RMB 235.0 million in the same period last year, attributed to a decline in China's newborn population and conservative consumer spending [9][11]. - Gross profit was RMB 143.8 million (US$ 19.8 million), compared to RMB 168.1 million in the same period last year, with a gross margin of 68.3%, down from 71.5% [9][14]. - Operating income increased to RMB 21.6 million (US$ 3.0 million) from RMB 17.5 million in the same period last year [9][17]. - Net income rose to RMB 26.5 million (US$ 3.7 million), compared to RMB 22.3 million in the same period last year, with basic and diluted net income per ADS at RMB 0.51 (US$ 0.07) and RMB 0.49 (US$ 0.07), respectively [9][18]. User Engagement and Product Development - Average total Monthly Active Users (MAUs) for Q1 were 26.51 million, slightly up from 26.38 million in the same period last year [9][12]. - The company expanded its product offerings, including the iHuman Chinese app, which increased its content library from 1,300 to 1,800 Chinese characters, and the introduction of a new module in iHuman Magic Thinking focused on applied problem-solving [5][6]. - iHuman launched the iHuman All-Subject Master, a budget-friendly smart device aimed at helping young children develop foundational skills [6]. Strategic Partnerships and Future Outlook - iHuman engaged in discussions with Oxford University Press to explore collaboration opportunities, integrating 25 original OUP reading series into its English product line, covering over 1,000 titles for children aged 3 to 12 [7]. - The company aims to continue developing high-quality products that support children's holistic growth while expanding its global reach [8].

Core Viewpoint - iHuman Inc. has filed its annual report for the year ended December 31, 2024, with the U.S. Securities and Exchange Commission, highlighting its commitment to providing tech-powered intellectual development products in China [1]. Company Overview - iHuman Inc. is a leading provider of tech-powered intellectual development products in China, focused on enhancing the child-upbringing experience for parents and making intellectual development enjoyable for children [2]. - The company has over two decades of experience in the parenthood industry, offering superior original content and advanced technological innovations [2]. - iHuman's product offerings include self-directed apps, interactive content, and smart devices aimed at developing children's abilities in speaking, critical thinking, independent reading, and creativity, while also fostering interest in traditional Chinese culture [2]. - The company utilizes advanced technologies such as 3D engines, AI/AR functionality, and big data analysis to enhance the user experience for both parents and children [2].

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES ...

Group 1 - The core financial figures for Íslandshótel hf. in 2024 show a decrease in operational revenue to 16,669 million ISK from 16,784 million ISK in 2023, and a significant drop in net profit after tax to 104.8 million ISK from 498 million ISK in the previous year [7] - The company employed an average of 647 people in 2024, and the book value of its assets increased by 3,573.5 million ISK due to a reassessment of property values [1][7] - The equity ratio at the end of the year improved to 39.3% from 36.3% in 2023, with total assets amounting to 65,430.3 million ISK compared to 62,839.2 million ISK in the previous year [7] Group 2 - Íslandshótel continues to lead in the tourism and hospitality sector in Iceland, prioritizing sustainability, with all hotels receiving Green Key certification and signing the UN's Glasgow Declaration on Climate Action [2] - The company announced the cancellation of a planned equity offering and has not made decisions regarding future listings [2] - The management has proposed not to distribute dividends for 2024, opting to carry the earnings over to the next year [3] Group 3 - The operational foundation of Íslandshótel was strengthened despite external challenges, with investments in sustainability and growth opportunities, positioning the company well for future demand in the tourism sector [4]

Core Insights - iHuman Inc. reported its unaudited financial results for Q4 and fiscal year 2024, highlighting a decrease in revenues and net income due to market conditions and consumer spending trends [1][10][21]. Financial Performance - Q4 2024 revenues were RMB 232.7 million (US$ 31.9 million), a decrease of 7.1% from RMB 250.4 million in Q4 2023 [10][14]. - Fiscal year 2024 revenues totaled RMB 922.2 million (US$ 126.3 million), down 9.4% from RMB 1,018.1 million in fiscal year 2023 [21]. - Q4 2024 net income was RMB 26.5 million (US$ 3.6 million), compared to RMB 33.3 million in the same period last year [18][14]. - Fiscal year 2024 net income was RMB 98.6 million (US$ 13.5 million), down from RMB 180.9 million in fiscal year 2023 [28]. User Engagement - Average total Monthly Active Users (MAUs) for Q4 2024 were 25.78 million, an increase from 25.38 million in Q4 2023 [11][14]. - For fiscal year 2024, average total MAUs rose to 26.47 million, a 14.9% increase from 23.04 million in fiscal year 2023, attributed to effective user acquisition strategies [22]. Product Innovation - The company emphasized its commitment to technological innovation, particularly in AI, with the launch of a proprietary large language model (LLM) that enhances user experience [4][5]. - iHuman introduced an innovative learning framework combining challenge-based exploration and project-driven creativity, particularly in its coding courses [4]. Cost Management - Q4 2024 cost of revenues was RMB 76.2 million (US$ 10.4 million), up from RMB 72.2 million in the same period last year [12]. - Total operating expenses for Q4 2024 were RMB 141.5 million (US$ 19.4 million), a decrease of 9.5% from RMB 156.4 million in Q4 2023 [15]. Shareholder Returns - The board approved a special cash dividend of US$ 0.02 per ordinary share, reflecting confidence in the company's financials and commitment to shareholder value [7][29]. Market Trends - The company noted challenges from a declining newborn population in China and conservative consumer spending impacting overall performance [10][21]. Strategic Initiatives - iHuman's animation studio, Kunpeng, expanded its brand presence through merchandise and a YouTube channel for its animated series, Rainbow Crew, enhancing international engagement [8][9]. - The company effectively utilized social media to broaden its market reach, with its IP, Two Cats, gaining significant traction on platforms like Red Note [9].

Financial Performance - Revenues for the third quarter of 2024 were RMB239.4 million (US$34.1 million), a decrease of 8.4% from RMB261.5 million in the same period last year, primarily due to more conservative consumer spending [19] - Gross profit was RMB163.9 million (US$23.4 million), compared to RMB186.6 million in the same period last year, with a gross margin of 68.4%, down from 71.4% [19] - Operating income was RMB20.7 million (US$2.9 million), compared to RMB40.4 million in the same period last year [12][19] - Net income was RMB25.1 million (US$3.6 million), down from RMB51.9 million in the same period last year, with basic and diluted net income per ADS at RMB0.48 (US$0.07) and RMB0.47 (US$0.07), respectively [12][19] User Engagement - Average total Monthly Active Users (MAUs) reached a record high of 29.12 million, representing a year-over-year increase of 14.8% from 25.36 million [12][19] - The increase in MAUs was attributed to effective execution of user acquisition strategies and ongoing product innovation [19] Operating Expenses - Total operating expenses were RMB143.2 million (US$20.4 million), compared to RMB146.2 million in the same period last year [13] - Sales and marketing expenses increased by 12.7% to RMB60.9 million (US$8.7 million) due to strategic spending on promotional activities and brand enhancement [2] - General and administrative expenses decreased by 11.8% to RMB23.0 million (US$3.3 million) due to savings in payroll and other administrative costs [2][28] Share Repurchase Program - The board of directors authorized an extension of the existing share repurchase program by another twelve months through December 31, 2025, reflecting confidence in the company's business prospects [3] Cash Position - Cash, cash equivalents, and short-term investments were RMB1,168.6 million (US$166.5 million) as of September 30, 2024, down from RMB1,213.8 million as of December 31, 2023 [8]

Core Viewpoint - iHuman Inc. reported a decline in revenues and profits for the second quarter of 2024, attributed to conservative consumer spending, while maintaining a strong user base growth and strategic product innovations [2][8][12]. Financial Performance - Revenues for Q2 2024 were RMB215.1 million (US$29.6 million), a decrease of 10.7% from RMB241.0 million in the same period last year [2][8]. - Gross profit was RMB151.7 million (US$20.9 million), down from RMB170.8 million year-over-year, with a gross margin of 70.5% compared to 70.9% [9][12]. - Operating income fell to RMB18.8 million (US$2.6 million) from RMB40.9 million in the previous year [11]. - Net income decreased to RMB24.7 million (US$3.4 million) from RMB42.1 million year-over-year, with basic and diluted net income per ADS at RMB0.47 (US$0.06) and RMB0.45 (US$0.06), respectively [12][22]. User Metrics - Average total Monthly Active Users (MAUs) reached 24.57 million, reflecting a year-over-year increase of 20.8% from 20.33 million [2][8]. Product Development and Innovation - The company introduced the iHuman Pinyin Reader, aimed at enhancing children's learning experiences through interactive content and a proprietary rating system [3]. - iHuman expanded its international content library with new themes in its apps, such as "Mermaid Melody" and "Fashion Salon," designed to engage young audiences globally [4]. - The animation studio Kunpeng successfully launched its Cosmicrew franchise in international markets, enhancing brand visibility and supporting broader business strategies [5]. Strategic Initiatives - iHuman is focusing on partnerships with manufacturers of smart devices to pre-install its apps, aiming to increase market coverage and accessibility [7]. - The company is investing in product innovation, including developing an experimental product for Apple's Vision Pro, to stay at the forefront of technological advancements [7]. Financial Position - As of June 30, 2024, iHuman had cash, cash equivalents, and time deposits totaling RMB1.13 billion (US$155.4 million), down from RMB1.21 billion at the end of 2023 [12]. - Deferred revenue and customer advances were RMB289.9 million (US$39.9 million), a decrease from RMB318.6 million at the end of 2023 [12].

Core Insights - iHuman Inc. reported a decline in revenues and net income for Q1 2024 compared to the same period last year, with revenues at RMB235.0 million (US$32.5 million), down 11.4% from RMB265.2 million [2][8] - Despite the revenue decline, the company achieved a record-high average total monthly active users (MAUs) of 26.38 million, representing a year-over-year increase of 25.1% [2][8] Financial Performance - Gross profit for Q1 2024 was RMB168.1 million (US$23.3 million), down from RMB185.6 million in the same period last year, with a gross margin of 71.5%, up from 70.0% [10] - Operating income decreased significantly to RMB17.5 million (US$2.4 million) from RMB56.7 million in the same period last year [12] - Net income also fell to RMB22.3 million (US$3.1 million) compared to RMB53.6 million in the same period last year [13][30] Operating Expenses - Total operating expenses increased by 16.9% to RMB150.6 million (US$20.9 million) from RMB128.8 million in the same period last year [11] - Research and development expenses rose by 10.1% to RMB67.9 million (US$9.4 million), while sales and marketing expenses surged by 36.0% to RMB55.0 million (US$7.6 million) [11] Product Development and Strategy - The company launched a new product, iHuman Smart Coder, aimed at enhancing children's digital literacy and problem-solving skills through a structured curriculum [3] - iHuman is focusing on integrating AI technologies into its products, enhancing user engagement through features like the AI-powered "Challenge" in iHuman Magic Thinking [4] - The company is expanding its international presence with new products like Aha Makeover and bekids Library, targeting markets beyond mainland China [5][6] User Engagement - The increase in average total MAUs to 26.38 million reflects strong user engagement and satisfaction, which the company attributes to its commitment to product excellence [7] - The company aims to maintain this engagement by continuously enhancing its product offerings and investing in AI research and development [7]

Core Viewpoint - iHuman Inc. has filed its annual report on Form 20-F for the year ended December 31, 2023, with the U.S. Securities and Exchange Commission, highlighting its commitment to transparency and providing detailed financial information to shareholders [1]. Group 1: Company Overview - iHuman Inc. is a leading provider of tech-powered intellectual development products in China, focused on enhancing the child-upbringing experience for parents and making intellectual development enjoyable for children [2]. - The company leverages over two decades of experience in the parenthood industry, combining original content, advanced technology, and research capabilities to empower parents [2]. - iHuman offers a comprehensive suite of innovative products, including self-directed apps, interactive content, and smart devices, aimed at developing children's abilities in various areas such as speaking, critical thinking, and creativity [2]. Group 2: Technological Capabilities - iHuman utilizes advanced technologies such as 3D engines, AI/AR functionality, and big data analysis to enhance children's learning experiences and foster their interest in traditional Chinese culture [2]. - The company's products are designed to stimulate children's natural curiosity and exploration, making the learning process both effective and enjoyable [2].