Core Viewpoint - The company, Zhizi City Technology (09911.HK), anticipates a significant revenue increase for the fiscal year ending December 31, 2025, with total revenue expected to be between RMB 6.76 billion and RMB 7.00 billion, representing a growth of 32.8% to 37.5% compared to the previous year [1]. Group 1: Social Business Performance - Social business revenue is projected to be approximately RMB 6.03 billion to RMB 6.23 billion, reflecting a year-on-year growth of about 30.4% to 34.8% [2]. - The substantial growth in social business revenue is attributed to the company's utilization of AI technology to drive diverse social products, with platforms like SUGO and TopTop being key growth engines [3][4]. - In the Middle East and North Africa, the company has established a competitive advantage, with SUGO ranking 6th in revenue among social networks in the region [4]. Group 2: Innovation Business Growth - The innovation business is expected to generate revenue between RMB 730 million and RMB 770 million, with a year-on-year increase of 55.7% to 64.2% [2]. - The growth in the innovation business is driven by robust performance in traffic monetization, social e-commerce, and contributions from short drama business and premium games [5]. - The flagship game has entered a long-term operational phase, with a significant increase in ARPU, and the company has successfully shortened the game development cycle [5]. Group 3: AI Technology Integration - The company has deepened its exploration of AI technology, integrating it into core business operations and launching innovative products like the AI creative content community Aippy [6][7]. - The AI technology has enhanced user experience and operational efficiency across various key business areas, including social recommendations and intelligent operations [7]. - A strategic partnership with Tencent Cloud aims to explore the potential of "AI + global social entertainment" [7]. Group 4: Market Position and Competitive Advantage - The company ranked 4th in the "China Non-Gaming Companies Overseas Revenue Ranking," indicating a strong development momentum [5]. - The company has developed unique competitive advantages through deep user insights, refined service experiences, and diversified monetization models [5]. - The social e-commerce business has shown steady growth, with the launch of innovative insurance solutions for HIV patients [6].
赤子城科技 2025 年营收 67.6~70.0 亿元，社交业务增长超 30%