Financial Data and Key Indicators Changes - The group achieved operating income of RMB 1.26 trillion, a year-on-year increase of 3.61%, with net fee income growing by 9.17% year on year [7] - Post-tax profit reached RMB 126.1 billion, with post-tax profit attributable to the bank's shareholders at RMB 117.6 billion, remaining stable year on year [7] - The NIM stood at 1.26%, ROA was 0.7%, and ROE was 9.11% [7] - Total assets reached RMB 36.79 trillion, an increase of 4.93% from the end of last year [8] - Total liabilities amounted to RMB 33.66 trillion, an increase of 4.85% from the end of last year [8] - The NPL ratio was 1.24, down by 0.01 percentage points from the end of last year, with an NPL coverage ratio of 197.39% [10][11] Business Line Data and Key Indicators Changes - The number of medium-sized corporate credit customers increased by 13.48% from the end of last year, and the proportion of mid-high-end individual customers rose by 0.16 percentage points [9] - Loans directed to the manufacturing sector grew by 12.99% from the end of last year, and loans to strategic emerging industries increased by 22.92% [13] - Personal consumption loans grew by 15.42%, and loans to private enterprises increased by 12.93% from the end of last year [14] Market Data and Key Indicators Changes - The volume of international settlement handled by domestic institutions exceeded $2.1 trillion, up 16.5% year on year [17] - The total transaction volume of cross-border e-commerce increased by 42.1% year on year [18] - The number of direct and indirect participants in the cross-border interbank payment systems remained the highest among peers [18] Company Strategy and Development Direction and Industry Competition - The company aims to optimize financial supply and improve its diverse product and service system while supporting domestic demand expansion and investment stabilization [23][24] - The focus will be on enhancing global layout capabilities and international competitiveness, particularly in Belt and Road cooperation [24][25] - The company plans to strengthen asset quality management and enhance forward-looking control of market risk [25] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the challenges posed by a low-interest environment and emphasized the need to improve asset and liability structure while expanding non-interest income [39][41] - The company is confident in maintaining high-quality and stable development of assets in 2025, despite pressures from the real estate market and retail business [78] - Management highlighted the importance of leveraging global advantages to offset risks from the external environment [40][72] Other Important Information - The company completed the replenishment of RMB 165 billion in core Tier one capital, laying a solid foundation for medium to long-term development [11][12] - The interim dividend for 2025 was proposed at RMB 1.094 per 10 shares, totaling RMB 35.25 billion, maintaining a payout ratio of 30% [12] Q&A Session All Questions and Answers Question: How does the management evaluate performance in the first half of the year? - Management highlighted steady financial benefits, growth in assets and liabilities, effective risk control, and improved customer quality as key areas of performance [30][31] Question: What are the core drivers of non-interest income growth in the first half of the year? - Non-interest income reached RMB 114.6 billion, driven by wealth management income, corporate settlement fees, and contributions from financial market opportunities [50][51] Question: Can you provide an outlook on the NIM trend in the second half of the year? - Management expects continued pressure on NIM due to the low-interest environment but plans to optimize deposit management and enhance foreign currency investments [69][70] Question: What is the outlook for asset quality and credit strategy? - The NPL ratio remains stable, with management focusing on proactive credit risk management and supporting key industries while addressing structural conflicts [75][79] Question: Will BOC adjust its credit growth plan after the capital injection? - Management indicated that the capital injection will enhance credit supply capabilities, focusing on technology finance, infrastructure projects, and green finance [84][86]

Financial Data and Key Metrics Changes - Profit attributable to equity holders increased by 10.5% to HKD 22.2 billion, with ROE rising by 0.53 percentage points to 12.92% [3][4][76] - After-tax profit grew by 11.4% year on year to HKD 22.8 billion [15] - Customer deposits increased by 5.6% to HKD 2,880 billion, with CASA deposits surging by 31.7% [17][18] - NPL ratio decreased by three basis points to 1.02%, outperforming the market average [20] Business Line Data and Key Metrics Changes - BOC Life's standard new premiums grew by 30%, ranking second in the market for the first quarter [5][79] - Assets under custody increased by 19% [4][79] - Fee income from investment and insurance business grew significantly by 95%, resulting in a 25.8% growth in net fee income [19][50] - The number of cross-border high-end customers grew by 44%, and new high-end personal banking customers increased by 35% [4][78] Market Data and Key Metrics Changes - In Southeast Asia, deposits and loans increased by 10.5% and 8.4% respectively, with income rising by 9.3% year on year [9][82] - RMB loans grew by 16%, with a 90% increase in the underwriting volume of offshore RMB public bonds [10][82] - The average LCR and NSFR stood at 208% and 140% respectively, indicating solid liquidity [20] Company Strategy and Development Direction - The company aims to deepen the development of private banking, asset management, and custodian business while enhancing its role as a regional headquarters for Southeast Asian operations [22][23] - The focus will be on balancing quality, profitability, and scale, diversifying income sources, and maintaining consistent risk management [23] - The company is committed to digital transformation and enhancing its capabilities in AI applications [12][70] Management's Comments on Operating Environment and Future Outlook - The banking sector faces a challenging operating environment due to uncertain global economic conditions and local market interest rates [3][22] - The company expects continued pressure on banking operations but sees opportunities arising from industrial chain optimization and the robust development of AI and digital assets [22][23] - Management anticipates that interest rates will remain uncertain, impacting NIM and net interest income [32] Other Important Information - The Board declared a second interim dividend of HKD 0.29 per share, with total DPS for the first half amounting to HKD 0.58 [4][76] - The company has been recognized for its ESG and CSR efforts, receiving various accolades from renowned institutions [13][14] Q&A Session All Questions and Answers Question: Outlook for NIM and dividend policy - Management noted that HIBOR has fluctuated, impacting NIM, which was 1.54%, down seven basis points year on year, and expects pressure on NIM going forward [29][30][32] - Regarding dividends, the company aims to balance long-term shareholder returns with operational results, maintaining a dividend payout ratio within a specified range [33][34][35] Question: Loan growth expectations and Southeast Asia strategy - Loan demand has increased by a single digit, with expectations for steady growth in the second half, supported by policy and market conditions [38][39][40] - The Southeast Asian market is a key focus, with strategies to enhance contributions to overall revenue and strengthen regional risk management capabilities [41][42][43] Question: Fee income sustainability and asset quality - Non-interest income increased significantly, with expectations for continued growth driven by strong market conditions and customer needs [49][50] - Asset quality remains stable, with a focus on managing risks associated with the property market and maintaining healthy coverage ratios [53][54][56]

Financial Data and Key Indicator Changes - Total assets reached TWD 52 trillion, with loans exceeding TWD 30 trillion, an increase of TWD 1.8 trillion, and customer deposits nearly TWD 37 trillion, up by TWD 2.1 trillion [4] - Operating income was TWD 409.1 billion, up by 1.8% [4] - Net profit reached TWD 168.8 billion, maintaining a leading position [5] - Return on Assets (ROA) and Return on Equity (ROE) were 0.67% and 8.82% respectively, with a cost-to-income ratio of 25.27% [5] - Net Interest Margin (NIM) was 1.3%, a decrease, while the Capital Adequacy Ratio (CAR) was 19.54% [6] Business Line Data and Key Indicator Changes - Corporate loans increased by TWD 1.35 trillion, with personal loans maintaining rapid growth [8] - SciTech loans totaled TWD 6 trillion, up by 20%, while green loans exceeded TWD 6 trillion, up by 16.4% [8] - Pension finance loans increased by 17.3%, with over 2 million customers [9] - Loans invested in the manufacturing industry totaled TWD 200 billion, with long-term loans at TWD 2.4 trillion [9] Market Data and Key Indicator Changes - The number of personal customers in mobile banking and users in e-commerce continues to lead the market [9] - The international network reached 69 countries and regions, with over 400 overseas institutions [13] - Cross-border RMB business totaled TWD 5.1 trillion [12] Company Strategy and Development Direction - The company focuses on five transformations: intelligent risk control, modern layout, digital driver, diversified structure, and ecological foundation [3][10] - The strategy emphasizes high-quality development while supporting the economy's recovery [4] - The company aims to enhance its internationalization and diversification to tackle low NIM environments [35] Management's Comments on Operating Environment and Future Outlook - Management highlighted the importance of balancing growth with stability, aiming for average growth rather than excess [25][31] - The outlook for the second half of the year anticipates continued pressure on NIM, but with a narrowing pace of decline [64] - The company remains confident in its ability to maintain stable NIM and support the real economy [64] Other Important Information - The company distributed TWD 109.8 billion in cash dividends, with a dividend yield of approximately 4.25-4.58% [7][32] - The provision coverage ratio increased to 217.71%, enhancing risk resilience [6][29] Q&A Session Summary Question: Operational highlights in the first half and full year growth expectations - Management emphasized achieving positive growth in operating income and net profit, aligning with market trends and supporting the real economy [24][26] Question: Measures taken to maintain asset quality and increase personal consumption loans - Management detailed proactive credit risk management and a focus on major national strategies to ensure stable development [38][39] Question: Progress in internationalization and diversification - The company reported steady progress in its international network and diversification efforts, supporting foreign trade and capital [48][50] Question: Outlook on NIM stability - Management acknowledged a decline in NIM but expressed confidence in maintaining competitive advantages through effective asset-liability management [59][64] Question: Investment and financing sectors - The company highlighted targeted investments in technology finance and support for new productive forces, maintaining a leading position in the market [70][72] Question: Capital planning and future dividend policy - Management confirmed a focus on maintaining a strong capital adequacy ratio and a stable dividend payout ratio, with plans for future capital improvements [88][91]

Financial Data and Key Indicators Changes - The group achieved operating income of RMB 1,000 billion, a year-on-year increase of 3.61%, with net fee income growing 9.17% year on year [6] - Post-tax profit reached RMB 126.1 billion, with post-tax profit attributable to the bank's shareholders at RMB 117.6 billion, remaining stable year on year [6] - The NIM stood at 1.26%, ROA was 0.7%, and ROE was 9.11% [6] - Total assets reached RMB 36.79 trillion, an increase of 4.93% from the end of last year [7] - Total liabilities amounted to RMB 33.66 trillion, an increase of 4.85% from the end of last year [7] - The NPL ratio was at 1.24, down by 0.01 percentage points from the end of last year [9] Business Line Data and Key Indicators Changes - The number of medium-sized corporate credit customers increased by 13.48% from the end of last year [9] - Loans directed to the manufacturing sector grew by 12.99% from the end of last year, and loans to strategic emerging industries increased by 22.92% [11] - Personal consumption loans grew by 15.42% [11] - The balance of inclusive loans for SMEs reached RMB 2.65 trillion, with the number of borrowing enterprises surpassing 1.72 million [14] Market Data and Key Indicators Changes - The volume of international settlement handled by domestic institutions exceeded $2.1 trillion, up 16.5% year on year [15] - The total transaction volume of cross-border e-commerce increased by 42.1% year on year [16] - The number of direct and indirect participants in cross-border interbank payment systems remained the highest among peers [16] Company Strategy and Development Direction - The company aims to optimize financial supply and improve its diverse product and service system while supporting domestic demand expansion and investment stabilization [21][22] - BOC will leverage its global presence to enhance international competitiveness and support key regions of Belt and Road cooperation [22] - The focus will be on risk prevention and control, enhancing asset quality management, and accelerating digital transformation [23] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the challenges posed by a low-interest environment and emphasized the need to improve asset and liability structure while expanding non-interest income [36] - The company is confident in maintaining high-quality and stable development of assets in 2025, despite pressures from the real estate market and retail loans [77] - Management highlighted the importance of leveraging global advantages to offset risks from the external environment [39] Other Important Information - The bank completed the replenishment of RMB 165 billion in core Tier one capital, with the core Tier one CAR and CAR reaching 12.57% and 18.67%, respectively [10] - The interim dividend for 2025 was proposed at RMB 1.094 per 10 shares, totaling RMB 35.25 billion, maintaining a payout ratio of 30% [10] Q&A Session Summary Question: How does management evaluate performance in the first half of the year? - Management highlighted steady financial benefits, growth in assets and liabilities, and effective risk control as key areas of performance [29] Question: What are the core drivers of non-interest income growth in the first half of the year? - Non-interest income reached RMB 114.6 billion, driven by wealth management income, corporate settlement fees, and trading income [49][50] Question: What is the outlook for NIM in the second half of the year? - NIM is expected to face narrowing pressures due to the low-interest environment, but the bank will optimize its asset-liability structure to mitigate these effects [67] Question: What is the outlook for asset quality and credit strategy? - The NPL ratio remains stable, with management focusing on proactive credit risk management and supporting key industries while addressing structural conflicts [74][80] Question: Will BOC adjust its credit growth plan after the capital injection? - The bank plans to maintain steady credit growth while focusing on technology finance, infrastructure projects, and green finance [82][84]

Financial Data and Key Metrics Changes - Profit attributable to equity holders increased by 10.5% to HKD 22.2 billion, with ROE rising by 0.53 percentage points to 12.92% [4][81] - Total customer deposits grew by 5.6% to HKD 2,880 billion, with CASA deposits surging by 31.7% [16] - After-tax profit grew by 11.4% year on year to HKD 22.8 billion [15] - Operating expenses increased by 2.3% to HKD 8.3 billion, while cash to income ratio improved by 2.2 percentage points to 20.8% [19] Business Line Data and Key Metrics Changes - BOC Life's standard new premiums grew by 30%, ranking second in the market for the first quarter [6][83] - Assets under custody increased by 19% [5][82] - Fee income from investment and insurance business grew significantly by 95%, resulting in a 25.8% growth in net fee income [19][52] - The number of cross-border high-end customers grew by 44%, and new high-end personal banking customers increased by 35% [5][82] Market Data and Key Metrics Changes - The NPL ratio of Southeast Asian entities was 2.7%, down eight basis points from the end of last year [9][86] - RMB loans grew by 16%, with a 90% increase in the underwriting volume of offshore RMB public bonds [10][86] - The average LCR and NSFR stood at 208% and 140% respectively, indicating solid liquidity [20] Company Strategy and Development Direction - The company aims to deepen the development of private banking, asset management, and custodian business while enhancing its role as a regional headquarters for Southeast Asian operations [22] - The strategic focus includes leveraging innovative technologies and strengthening talent development to support the next five-year plan [22] - The company is committed to balancing quality, profitability, and scale while diversifying income sources and maintaining consistent risk management [22] Management's Comments on Operating Environment and Future Outlook - The management noted that the banking sector faces a challenging operating environment due to uncertain global economic conditions and local market interest rates [4] - The outlook for the second half anticipates continued pressure on banking operations due to cyclical and structural adjustments in Hong Kong's economy [22] - New opportunities are expected from industrial chain optimization and the robust development of AI and digital assets [22] Other Important Information - The company launched the dual currency BOC GoCard and grew BOC Pay plus mainland transaction volumes by 40% year on year [7][84] - The company actively participated in offshore RMB market development and supported the issuance of green bonds and infrastructure bonds [10][88] - The company established an AI committee to coordinate AI-related applications and risk management [12][76] Q&A Session Summary Question: Outlook on NIM and HIBOR's impact - Management indicated that HIBOR has fluctuated, and while the NIM was 1.54%, it is expected to face pressure due to lower interest rates [29][32] Question: Dividend policy and share repurchases - Management confirmed a second interim dividend of HKD 0.29 per share, with a focus on long-term shareholder returns and potential share repurchases [33][34] Question: Loan growth expectations for the second half - Management noted steady loan demand growth, with expectations for recovery in loan demand despite global economic challenges [39][41] Question: Fee income sustainability - Management expects continued strong momentum in fee income driven by investment insurance and cross-border consumption [52][55] Question: Asset quality and property market outlook - Management reported stable asset quality with a focus on risk management, particularly in the property sector, which remains under pressure [56][59]

Financial Data and Key Indicator Changes - Total assets reached TWD 52 trillion, with loans exceeding TWD 30 trillion, an increase of TWD 1.8 trillion, and customer deposits nearly TWD 37 trillion, up by TWD 2.1 trillion [4] - Operating income was TWD 409.1 billion, up by 1.8% [4] - Net profit reached TWD 168.8 billion, maintaining a leading position [5] - Return on Assets (ROA) and Return on Equity (ROE) were 0.67% and 8.82% respectively, with a cost-to-income ratio of 25.27% [5] - Non-Performing Loan (NPL) ratio was 1.33%, with a provision coverage ratio of 217.71%, indicating stable asset quality [6][30] Business Line Data and Key Indicator Changes - Corporate loans increased by TWD 1.35 trillion, with personal loans maintaining rapid growth [8] - SciTech loans totaled TWD 6 trillion, up by 20%, while green loans exceeded TWD 6 trillion, up by 16.4% [8] - Pension finance loans increased by 17.3%, with over 2 million customers [9] - Loans in the digital economy sector surpassed TWD 1 trillion, up by 19.3% [10] Market Data and Key Indicator Changes - The number of personal customers in mobile banking and users in e-commerce continued to lead the market [10] - The bank's international network reached 69 countries and regions, with over 400 overseas institutions [14] Company Strategy and Development Direction - The company focuses on five transformations: intelligent risk control, modern layout, digital driver, diversified structure, and ecological foundation [3][11] - Emphasis on supporting the real economy and aligning with national strategies [12][36] - Plans to enhance digital capabilities and optimize the diversified structure [21] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving positive growth amid uncertainties, with a focus on maintaining stability and supporting the real economy [24][30] - The outlook for NIM is cautious, expecting a continued downward trend but with a narrowing pace [66] - The company aims to create stable and sustainable value returns for shareholders through high-quality development [21][92] Other Important Information - The company distributed TWD 109.8 billion in cash dividends, with a dividend yield of approximately 4.25-4.58% [7][33] - The bank's capital adequacy ratio was 19.54%, ranking among the leaders in the industry [90] Q&A Session Summary Question: What are the operational highlights in the first half and the outlook for the full year? - Management highlighted that ICBC achieved positive growth in operating income and net profit, aligning with market trends and supporting the real economy [24][26] Question: What measures were taken to maintain asset quality? - Management detailed measures including optimizing investment and loans, improving the risk control system, and enhancing intelligent risk control [40][42] Question: How did ICBC advance internationalization and diversification? - The company reported steady progress in international operations, with a focus on serving foreign trade enterprises and enhancing competitiveness [51][55] Question: What is the outlook for NIM? - Management indicated that while NIM is expected to continue declining, the pace may moderate due to effective asset-liability management [66] Question: What are the achievements in supporting new quality productive forces? - The bank reported significant growth in technology finance and green finance, with targeted loans supporting strategic industries [71][76] Question: What is the capital planning and future dividend policy? - Management confirmed a focus on maintaining a strong capital adequacy ratio and a stable dividend payout ratio, with plans for continued high dividend payments [90][92]

Financial Data and Key Metrics Changes - Group operating income amounted to CNY 200.5 billion, up 33% [5] - Group OPAT was CNY 19.9 billion, up 7.1% [5] - Net profit increased by 11% [5] - EV reached CNY 588 billion, up 4.7% [5] - AUM totaled CNY 3.8 trillion, up 6.5% [5] - Comprehensive solvency margin was 264% and core solvency margin was 190% [6] Business Line Data and Key Metrics Changes - Life insurance recorded a return premium of CNY 193.5 billion, up 13.1% [12] - New business value (NBV) grew by 32% [13] - Property and Casualty (P&C) premium income was CNY 112.8 billion, up 0.9% [17] - Auto insurance premiums reached CNY 53.6 billion, up 2.8% [17] - Non-auto premiums were CNY 59.8 billion, down 0.8% [17] Market Data and Key Metrics Changes - The bank channel realized CNY 41.7 billion in premiums, up 82% [16] - The share of mid-tier customers and above increased by 3.8 percentage points year on year [14] - The number of high net wealth customers from the bank channel grew by 75% [14] Company Strategy and Development Direction - The company aims for high-quality development and to uphold value and profitability [4] - Focus on health, elderly care, internationalization, and AI integration as key strategies [24] - Continued investment in technology and green insurance offerings [32] Management's Comments on Operating Environment and Future Outlook - The Chinese economy is stabilizing, presenting opportunities for the insurance industry [26] - New regulations are aimed at enhancing risk prevention and promoting high-quality growth [27] - The company is committed to prudent business operations and innovation to drive growth [35] Other Important Information - The company has implemented a dividend policy linked to OPAT [7] - The investment strategy includes a focus on long-term bonds and alternative assets [22] - The company is enhancing its asset-liability management (ALM) systems [72] Q&A Session Summary Question: Comments on performance for the first half of the year and macroeconomic opportunities - Management noted stable growth in China's economy and improvements in domestic demand [26][28] - The company is adapting to new regulations to enhance its competitive edge [27] Question: Future strategies for life and bank channels - The company is focusing on team building and digital empowerment to enhance agency performance [48] - The bank channel strategy emphasizes value creation and deepening partnerships with key banks [53] Question: Investment outlook and net asset changes - Management highlighted uncertainties in the macroeconomic environment but sees long-term opportunities in the equity market [68][70] - The drop in net assets was attributed to accounting standards and interest rate volatility, with expectations for stabilization [73][75]

Financial Data and Key Metrics Changes - Group operating income amounted to CNY 200.5 billion, up 33% [7] - Group OPAT was CNY 19.9 billion, up 7.1% [8] - Net profit increased by 11% [7] - EV reached CNY 588 billion, up 4.7% [7] - AUM totaled CNY 3.8 trillion, up 6.5% [7] - Comprehensive solvency margin was 264% and core solvency margin was 190% [8] Business Line Data and Key Metrics Changes - Life insurance recorded a return premium of CNY 193.5 billion, up 13.1% [15] - New business value (NBV) grew by 32% [15] - Property and Casualty (P&C) premium income was CNY 112.8 billion, up 0.9% [19] - Auto insurance premiums were CNY 53.6 billion, up 2.8% [19] - Non-auto premiums were CNY 59.8 billion, down 0.8% [19] Market Data and Key Metrics Changes - The bank channel realized CNY 41.7 billion in premiums, up 82% [18] - The share of mid-tier customers and above increased by 3.8 percentage points year on year [16] - The number of high net wealth customers from the bank channel grew by 75% [16] Company Strategy and Development Direction - The company aims to pursue high-quality development and strengthen its market position [6] - Focus on health, elderly care, internationalization, and AI integration as key strategies [26] - Emphasis on digital finance and technology insurance to enhance service offerings [14][12] Management's Comments on Operating Environment and Future Outlook - The management noted resilience in the Chinese economy despite uncertainties [5] - New regulations are expected to enhance risk prevention and promote high-quality growth in the insurance industry [30] - The company is committed to stable and prudent business operations to ensure shareholder value [10] Other Important Information - The company has launched various initiatives in technology and green insurance, serving 75,000 enterprises [11][12] - The dividend policy links payouts to OPAT while considering investment contributions [9] Q&A Session Summary Question: Comments on performance for the first half of the year and macroeconomic opportunities - Management highlighted stable growth in China's economy and improvements in domestic demand [29][30] Question: Strategy for promoting the share of par business and AI applications - The company is focusing on customer needs and differentiating strategies by channel and region [41][45] Question: Future strategy for life and bank channels - The company is enhancing team management and digital empowerment to improve agent productivity [50][56] Question: Impact of investment market volatility and net asset drop - Management acknowledged uncertainties in the macroeconomic environment and emphasized a long-term stable trend for assets [71][76]

Financial Data and Key Metrics Changes - The company has successfully managed its cost structure, reduced debt, and increased gross margin, indicating effective business management [1][2] - A dividend of HKD600 million is planned to be returned to shareholders, with a slight increase in the dividend per share to $0.50 compared to RMB0.40 in 2024 [11][12] Business Line Data and Key Metrics Changes - The flagship product, AP10, is expected to drive growth in both the education and enterprise sectors, showcasing a shift in business strategy [1][4] - The company is transitioning towards a SaaS business model, with significant progress reported in integrating AI technologies into its offerings [2][3] Market Data and Key Metrics Changes - The company is optimistic about the recovery of the gaming market in Europe, particularly with the approval of Germany's Digital Pad 2.0 project, which the company is involved in [14][15] - There are ongoing efforts to leverage AI in education, particularly in developing countries, which aligns with global trends in educational technology [7][8] Company Strategy and Development Direction - The company is fully embracing AI and has signed an agreement to acquire AI voice assistant technology, which will enhance its educational products [3][4] - A focus on creating an AI content factory is part of the strategy to scale content production and improve educational offerings [9][10] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in overcoming market challenges in the education sector through cost optimization and new technology integration [12][16] - The outlook for the second half of the year remains positive, with expectations for growth in both the gaming and education sectors [13][16] Other Important Information - The company is actively participating in international conferences to share its experiences and strategies in AI and education, indicating a commitment to global engagement [8][10] Q&A Session Summary Question: Can NetDragon provide insights on revenue traction from AI education and SaaS? - Management highlighted the integration of verified technology into their panel as the start of AI SaaS revenue, with ongoing efforts in Thailand gaining traction [19][20][21] Question: What are the short-term factors affecting the gaming business and its growth prospects? - Management acknowledged a slowdown in gaming but emphasized plans to explore new business models leveraging blockchain and AI, indicating a strategic pivot [23][24]

Financial Data and Key Metrics Changes - The company has successfully managed its cost structure, reduced debt, and increased gross margin, indicating effective business management [1][2][12] - A dividend of HKD 600 million is being returned to shareholders, with a slight increase in the dividend per share to $0.50 compared to RMB 0.40 in 2024 [11][12] Business Line Data and Key Metrics Changes - The flagship product, AP10, is expected to drive growth in both the education and enterprise sectors, showcasing a shift in business architecture [1][2] - The company is making progress in transitioning to a SaaS business model, which is expected to enhance revenue streams [2][4] Market Data and Key Metrics Changes - The company is actively engaging in AI-driven initiatives, particularly in education, which is gaining traction in various markets, including Thailand [7][21] - The gaming business is anticipated to face challenges in 2024 and 2025, but there are expectations for a return to growth in 2025, contingent on market stabilization [14][25] Company Strategy and Development Direction - The company is fully embracing AI, with plans to integrate AI voice assistant technology into its products, enhancing educational tools for teachers and students [3][4] - A strategic collaboration with a prominent AI company in China aims to leverage technology for market expansion beyond Hong Kong [6] - The company is exploring blockchain and Web3 technologies as part of its future business model, particularly in education [25] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in overcoming current market challenges through cost optimization and new technology integration, positioning the company for growth in 2025 and beyond [12][16] - The outlook for the second half of the year remains positive, with expectations for market recovery in Europe and the U.S. [14][16] Other Important Information - The company is participating in international conferences to share its experiences and strategies with emerging markets, indicating a commitment to global engagement [8][10] Q&A Session Summary Question: Can NetDragon provide insights on revenue traction from AI education and SaaS? - Management highlighted the integration of verified technology into their panel as the start of AI SaaS revenue, with ongoing efforts in Thailand driving traction in AI education [19][20][21] Question: What are the short-term factors affecting the gaming business, and will it return to growth? - Management acknowledged the slowdown in gaming but indicated plans to leverage blockchain and AI for future growth, while not committing to specific growth projections [24][25]