Maoyan Entertainment 1896 (1)20241231(2)2025-2027 2024123120241231 202412310.3220256252025822202574 13.09(2)(a)571XIVA201932520252026202720% 2024425.02202322.6%20242024579.5415.37% GMV 202463232202486 AI 6036 •2024•2024•2024•2024•2024 202120252025190020242202320222021 IP •13.5120243719 ••20242025 IP3D2025530/ •2• 2024GMVKanye WestMariah CareyGMV90%GMV90%GMVuutix2049ComplexCon Hong KongAPP 202449116 8000 +AIAIAIAI 2025PC IP 2025326202524295.101.87 + • ••AI 20234,757.414.2%20244,082.220232,384.931.9%20241,625.02023907.82024181.980.0%2024EBITDA361.62023EBITDA1,249.771.1%2024309.620231,029.069.9% 20234,757.414.2%20244,082.22024202420231231 2024123127.5202312313.2 20232,300.414.8%20241,959.8 20232,258.614.9%20241,921.62024425.02202322.6% 2023198.41.2%2024200.8 20232,372.53.6%20242,457.2 20232,384.931.9%20241,625.02023202450.1%39.8%2024 2023842.511.5%2024939.8 2023371.62.2%2024363.3 2024129.62023120.52024123176.42024123120231231204.82024123153.22024123120231231383.4 202444.2202351.113.5%202440.620233.2 2024195.920231,098.2 202375.92024111.8 2024119.42023245.8 2024181.92023907.8 EBITDAEBITDAEBITDAEBITDA EBITDAEBITDA EBITDAEBITDA EBITDAEBITDA EBITDA 2023123112,540.12024123112,505.6202312 313,501.8202412 313,457.32023 202412312,378.0 20241231470.420241231 20241231700.0 20241231 202320241231 202324.641.9%202414.3 2024123120241231 2019312236,600,000390,555,6202019319201931320182019202412315.7% 20241231896 20241231 20241231 123120242023 1 2017128Walkers Corporate Limited, 190 Elgin Avenue,George Town, Grand Cayman KY1-9008, Cayman Islands201924 20241231202412312025327 2 622 • • (a) 202411 •1•16•77 (b) 202412311818 219718 202511202611 3 202420231231 4 15 20241231218,964,0002023215,409,000204,385,0002023199,172,000 (a) (a) (b) 20242023123116.5% (c) 20242023123125%15%202315% (d) 202420231231 (e) 20081110% 202420231231 9 202412310.322023 202420231231 (b) 09091180181365365 – (a)202412 31174,848,00017,090,0006,400,000 (b) (d) (e)2024123140,000,0002026519142,100,0003%13%47,974,000 (f) 12 123120242023 –– 470,422–250,000 13 09091180181365365 C3 2024123149.757,099,800 2024123120241231 2024123120241231 26.9%2021044802022011258 2025625202562020256252025619183171712–1716 2025722025742025742025630183171712–17162025822 (www.hkexnews.hk)(www.maoyan.com)(www.hkexnews.hk)(www.maoyan.com) 201924 201825 C3 20241231 0.00002 2015527 2025327




