Company Overview - The company focuses on the esports technology, interactive entertainment, computing power, and artificial intelligence sectors, providing advanced products and solutions to enhance user experiences and support business innovation [2] - The company aims to create a healthy and sustainable industry ecosystem while complying with national policies on cybersecurity and content management [2] Financial Performance - In 2024, the company achieved a revenue of CNY 183,954.85 million, representing a year-on-year growth of 28.37%, and a net profit of CNY 25,188.34 million, up 48.60% [3] - For Q1 2025, the revenue reached CNY 57,801.79 million, a 40.25% increase year-on-year, with a net profit of CNY 7,346.77 million, growing by 37.48% [3] Future Development Strategy - The company plans to enhance its core competitiveness by deepening its focus on the esports sector and integrating cultural and technological innovations [4] - It aims to explore cutting-edge technologies and expand its computing power and AI services, aspiring to become a leader in digital intelligence services [4] Industry Insights - The domestic gaming market's actual sales revenue in 2024 was CNY 3,257.83 billion, with a growth of 7.53% [5] - The PC gaming market saw a revenue of CNY 679.81 billion, marking a 2.56% increase, continuing a four-year growth trend [5] - The total number of internet service venues, including internet cafes and esports venues, reached 103,600, generating approximately CNY 90 billion in revenue [5][6] Market Position in Esports - The company holds over 70% of the esports service market in China, maintaining partnerships with over 2,000 collaborators across more than 96% of cities [7] - By the end of 2024, the number of active terminals in esports services grew by 2.1%, and user numbers increased by 6.6% [7] Computing Power Infrastructure - The company has established over 300 edge computing power cloud rooms, serving more than 700,000 terminals, with a year-on-year growth of 21.1% in cloud terminal numbers [8] - It aims to enhance its computing power service offerings by optimizing resource allocation and expanding coverage [8] Shareholder Information - As of Q1 2025, the total number of ordinary shareholders was 64,007, an increase of 8,576 compared to the end of 2024 [11] - The company emphasizes long-term shareholder returns through a balanced dividend policy and robust governance practices [12]