AI智能总结
20256 30 20256302410 * TapTapTapTap (1) (2) 2025M(Ragnarok M: Classic)(Heartopia)(Torchlight: Infinite)39.4%(Heartopia)(Torchlight: Infinite)TapTap37.6%TapTap PCApp 20256 302339 202519.7%21.1%(Heartopia)(Sausage Man)20242025630(GoGo Muffin)(Heartopia)M(Ragnarok M)(Torchlight: Infinite)(Sausage Man) —(GoGo Muffin)20241202452024920241220252 —(Heartopia)202472025 —M(Ragnarok M)(“MMORPG”)201712024420252202542025 —(Torchlight: Infinite)(“ARPG”)20221020235 —(Sausage Man)201842025MAUMPU2025 2025630745202412312120242025630 TapTap202514.2%(Hero’s Adventure)(TotallyAccurate Battle Simulator)TapTapPCTapTap PC(VolcanoPrincess)PC(Dave the Diver) TapTap TapTapTapTapTapTapTapTapTapTapTapTap TapTap 2025630TapTapAppMAU43.60.9%MAUTapTapTapTap 2025TapSDK--TapTapAIAI 20254TapTap PCPCTapTapPC20257TapTap2025TapTapTapTap(TDW 2025)Game Jam TapTap 2025630TapTapApp5.00.9% (i)(ii)TapTapTapTap20252024630 202563039.4%2,071.3 —202563039.0%1,982.1(i)M(Ragnarok MClassic)(Heartopia)(TorchlightInfinite)(ii) —202563014.2%63.0(Hero’s Adventure) 20252024630 202563024.6%1,760.5(Heartopia)(TorchlightInfinite)2025630320.9%284.7M(Ragnarok MClassic) TapTap 2025630TapTap37.6%1,010.7 TapTap 202563014.6%829.220252024630 TapTap 202563011.5%663.8(i)(Heartopia)(TorchlightInfinite)(ii)(Sausage Man)(Ulala) 2025630TapTap28.9%165.4 50.5%20256302,252.8202563073.1%2024630(i)M(Ragnarok MClassic)20246304.6%202513.9%202463059.9%202568.0%(ii)TapTap202463082.5%202583.6%TapTap202463033.1%202563032.8% (i)(ii) 7.0%2025630743.9(i)(ii) (i)(ii) 30.8%2025630548.9(i)(ii)202463099720256301,033 (i)(ii)(iii)(iv) 8.9%2025630126.0(i)(ii) 20256309.9202411.8202563020245.0 202431.5202563070.167.82.3 2024630250.62025630810.6 2024205.120256 30754.9 (i)(ii) Taptap Holding Limited EBITDAEBITDA EBITDA EBITDA (i)(ii) 3020241231 2025630 2025630637.5(i)135.5(ii)178.1(iii)59.1 2025630 202563028.9%2024123130.8% 20256 30 9(70,092)(31,454) 810,596250,579 —— 20256 30 202563020241231 202563020241231 3,206,7572,714,619 1,304,0011,208,582 4,510,7583,923,201 1 201912520191212 TapTap 2025630 2 34 20241231202532820242024 3 92024 202511 —21 20251118 9720261 1—1120261 19720261 11820271 1 4 TapTap TapTapTapTap (a)(b)(c)(d)(e) TapTap(a)(b)(c) 2025630 20252024630982712 20252024630TapTap21%15% 20252024630 20252024630 (a) 9 16.5% 17% 2025202463025% 2025202463015% 2018175%2022200%20252024630 20081110%5% 2025630724 10 20256302024630 (a)3012090 (b)920256302024123136 (c)202563020241231 (d) (e)202563020241231 (a)2019617Heart Assets Limited8,437,540Heart Assets Limited20256301,349,108 (b)20256302,243,00059.1 202563020241231 090 202563020241231223,484170,9026,03215,438229,516186,340 202563020241231 14 2024123140.0196,670,095181,616,84820255292025630 20256302024630 202420242025630 2025630 2025630 20214 1,113.020251167.020256302025630 2024 202457202420242024 20242,243,00064.2 D232 40(2) 1. 202579152,020122,500202579 2. 246,262246,262 3.MiAO (Cayman) Limited B1 202584XD (HK) Limited7,086,420B15.30%14,000,0005.30% 202584 2025630 2025630C.2.1 2025630 3.213.22D.3 2025630 (www.hkexnews.hk)(2400.hk)2025630 2024202457 ARPG C1 20191252400 HM Infinity Inc. 202584MiAO Worlds LimitedMiAO Worlds Pte. Ltd.Two Zero Two Pte. Ltd. MiAO (Cayman) Limited202217 % 心動有限公司 2025829