云游控股2024年度报告

(Incorporated in the Cayman Islands with Limited Liability)Stock Code : 00484 ANNUAL REPORT2024 Contents Corporate Information2公司資料Financial Highlights5財務摘要Chairman’s Statement7主席報告書Report of Directors9董事會報告Management Discussion And Analysis43管理層討論與分析Corporate Governance Report54企業管治報告Biographical Details of Directors and Senior Management85董事及高級管理層履歷Independent Auditor’s Report91獨立核數師報告Consolidated Statement of Profit or Loss andOther Comprehensive Income98合併損益及其他全面收益表Consolidated Statement of Financial Position100合併財務狀況表Consolidated Statement of Changes in Equity102合併權益變動表Consolidated Statement of Cash Flows103合併現金流量表Notes to the Consolidated Financial Statements105合併財務報表附註Definitions192釋義2024 Environmental, Social, and Governance Report2012024環境 、社會及管治報告 Corporate Information BOARD OF DIRECTORS 崔宇直先生（主席兼首席執行官）朱良先生（首席財務官）周曉宇先生 Executive DirectorsMr. CUI Yuzhi(Chairman and Chief Executive Officer)Mr. ZHU Liang(Chief Financial Officer)Mr.ZHOU Xiaoyu Independent Non-executive DirectorsMr. WONG Chi KinMr. LU XiaomaMr. JI Yong(resigned with effect from 27 January 2025)Ms. ZHU Min(appointed with effect from 27 January 2025) 黃志堅先生陸肖馬先生及勇先生（自二零二五年一月二十七日辭任）朱敏女士（自二零二五年一月二十七日獲委任） AUDIT AND COMPLIANCE COMMITTEE 黃志堅先生（主席）及勇先生（自二零二五年一月二十七日停任）朱敏女士（自二零二五年一月二十七日獲委任）陸肖馬先生 Mr. WONG Chi Kin(Chairman)Mr. JI Yong(ceased to act with effect from 27 January 2025)Ms. ZHU Min(appointed with effect from 27 January 2025)Mr. LU Xiaoma REMUNERATION COMMITTEE 及勇先生（主席）（自二零二五年一月二十七日停任）朱敏女士（主席）（自二零二五年一月二十七日獲委任）黃志堅先生周曉宇先生 Mr. JI Yong(Chairman) (ceased to act with effect from 27 January 2025)Ms. ZHU Min(Chairman) (appointed with effect from 27 January 2025)Mr. WONG Chi KinMr. ZHOU Xiaoyu NOMINATION COMMITTEE 崔宇直先生（主席）及勇先生（自二零二五年一月二十七日停任）朱敏女士（自二零二五年一月二十七日獲委任）陸肖馬先生 Mr. CUI Yuzhi(Chairman)Mr. JI Yong(ceased to act with effect from 27 January 2025)Ms. ZHU Min(appointed with effect from 27 January 2025)Mr. LU Xiaoma CORPORATE GOVERNANCE COMMITTEE 黃志堅先生（主席）及勇先生（自二零二五年一月二十七日停任）朱敏女士（自二零二五年一月二十七日獲委任）崔宇直先生 Mr. WONG Chi Kin(Chairman)Mr. JI Yong(ceased to act with effect from 27 January 2025)Ms. ZHU Min(appointed with effect from 27 January 2025)Mr. CUI Yuzhi AUTHORISED REPRESENTATIVES 崔宇直先生郭兆文黎剎騎士勳賢 Mr. CUI YuzhiSir KWOK Siu Man KR 郭兆文黎剎騎士勳賢 COMPANY SECRETARYSir KWOK Siu Man KRLEGAL ADVISORS 英士律師行上海市錦天城律師事務所 Ince & CoAllBright Law Offices REGISTERED OFFICE Osiris International Cayman Limited辦事處Suite #4-210, Governors Square23 Lime Tree Bay AvenueP.O. Box 32311Grand Cayman KY1-1209Cayman Islands The offices of Osiris International Cayman LimitedSuite #4-210, Governors Square23 Lime Tree Bay AvenueP.O. Box 32311Grand Cayman KY1-1209Cayman Islands CORPORATE HEADQUARTERS 中國深圳市福田區車公廟天安數碼城創新科技廣場一期A座1106室 Room 1106, Block A, Phase IInnovation Technology PlazaTianan Digital CityChegongmiao, Futian DistrictShenzhenChina PRINCIPAL PLACE OF BUSINESS IN HONG KONG 香港九龍荔枝角長沙灣道912號時信中心12樓3室 Unit 3, 12/F., Trust Centre912 Cheung Sha Wan RoadLai Chi KokKowloonHong Kong Corporate Information 中匯安達會計師事務所有限公司 HONG KONG BRANCH SHARE REGISTRAR 香港夏愨道16號遠東金融中心17樓 Tricor Investor Services Limited17/F, Far East Finance Centre16 Harcourt RoadHong Kong （字母順序排列）中國銀行深圳分行招商銀行廣州分行招商銀行香港分行招商銀行深圳分行匯豐銀行香港分行 www.forgame.com.cn STOCK CODE ON THE MAIN BOARD OF THE STOCKEXCHANGE OF HONG KONG LIMITED CONDENSED CONSOLIDATED STATEMENT OF PROFIT ORLOSS AND OTHER COMPREHENSIVE INCOME Financial Highlights Chairman’s Statement主席報告書 OVERVIEW 2024年 ， 全 球 經 濟 復 甦 動 能 持 續 弱 化 ， 地 緣政治衝突持續發酵（如巴以衝突持續升級 、俄烏戰爭長期膠著）、國際能源市場劇烈震盪 、主要央行緊縮貨幣政策疊加債務壓力高企等多重因素交織 ，共同構成複雜經營環境 。在此背景下 ，美國 、歐盟等發達經濟體增長引擎明顯減速 ，中國經濟亦面臨外需收縮 、技術封鎖等多重挑戰 ，尤其以半導體領域為代表的科技行業持續承壓 。 In 2024, the global economic recovery momentum continued to weaken, withpersistent geopolitical conflicts (such as the escalating Palestinian-Israeli conflictand the protracted stalemate in the Russo-Ukrainian war), significant volatilityof international energy market, tightening monetary policies by major centralbanks coupled with high debt pressure and other multiple factors, whichtogether formed a complex operating environment. Against this backdrop,the growth engines of developed economies such as the United States (“U.S.”) and the European Union decelerated significantly, while China’s economywas also faced with various challenges such as shrinking external demand andtechnological blockade, especially the technology industry represented by thesemiconductor sector under continuous pressure. 面對國內需求收縮與供應鏈重構的雙重壓力 ，董事會及管理層持續優化經營管理策略 ，通過強化風險管控與 提 高 企 業 管 治 ， 推 動 業 務 結 構 動 態 調 整 。本集團在保持網絡遊戲核心業務穩定運營的基礎上 ，持續拓展電子貿易業務佈局 ，同步推進金融投資業務籌備工作 ，努力提升經營管理效能 。 Under the double pressure of shrinking domestic demand and supplychain restructuring, the Board and the management continued to optimizeoperations and management strategies, and promoted dynamic adjustment ofthe business structure by strengthening risk control and enhancing corporategovernance. On the basis of maintaining the stable operation of its corebusiness of online games, t