创梦天地2025中期报告

: 1119 245917283032333467 (ACG, HKACG) (ACG, HKACG) 127 1022 Maples Corporate Services LimitedP.O. Box 309, Ugland HouseGrand Cayman KY1-1104Cayman Islands 138B1–2 15A316 13 1231 www.idreamsky.com Maples Fund Services (Cayman) LimitedP.O. Box 1093, Boundary HallCricket SquareGrand Cayman KY1-1102Cayman Islands 1119 201812 6 183171712–1716 * 創夢天地 2025+ 10創夢天地 13IPiOS202430% 6IP9% 202563202567Fanbook202436.6% 202412 3008,0002024870(UGC) 20238PCPC2210 2025PCMAU9.9%74.8%23.2%59.0% 20258 35,000100 PVE80%PVE IPIP PCSteam(Twitch)Top3Top2Steam202320242025 202546.5%PC PC72,00020258PlayStationXbox AI AIAI 30%AIAIAI AIKOCSteam24%KOL30%AI75%40%93% AIAI + +202564545 2025 20258 28 202520246 30 20256 3018.9%685.820246 30845.297.5%2.0%0.5%20246 3097.3%2.1%0.6% 202520246 3097.5%97.3%20246 30822.220256 30669.0202518.6%4 20246 3017.620256 3013.6 20246 30553.428.4%20256 30396.3 20246 3065.5%202563057.8% 20246 3077.839.4%20256 30108.420246 309.2%20256 3015.8%PC 20256 3047.120246 3050.4 20246 30153.368.2%20256 3048.720246 3018.1%20256 307.1%AI 202520246 3036.282.2 20246 3049.742.9%20256 3028.4 20246 301.920256 301.8 202520246 3033.0109.3 (1)EBITDA(2)EBITDA(3) (1) (2)EBITDA (3)EBITDA EBITDAEBITDA 202520246 30 EBITDAEBITDA EBITDA EBITDA 20256 30202412 31196.946.7%105.0 20256 30994.1202412 311,070.1 20256 301,349.61,588.120256 300.85202412310.90 20256 3056.5%202412 3159.5% 20256 30202412 3167.1%75.0% 20256 30698.7202412 31757.370.3%2024 12 3170.8% 20256 30202412 31 20256 3086.020246 3058.7 20256 30 202520246 30 20256 30202412 31702852 20256 30202412 31 Techtalk 20255 1520255 150.72 0.842025523100,252,8000.000110,025.2872.1870.190.7020255 15523 20256 3023.0247.1720256 30 20256 30C1 C.2.1 C320256 30 20256 3020246 30 20256 30 20256 3013.51(2)(a)(e)(g) 20256 3020,856,80035,791,300 20256 30 23,390,000 20256 30 20256 30XV78XV352 (a) (1)20256 301,790,103,145(2)Brilliant Seed LimitedBrilliant Seed Limited(3)Bubble Sky LimitedBubble Sky Limited(4)(5)L (b) 20256 30XVXV78352 20256 3018 20256 30XV23336 (1)20256 301,790,103,145(2)Brilliant Seed LimitedBrilliant Seed Limited(3)Tencent Mobility LimitedTencent MobilityLimited(4)iDreamSky Technology LimitedDream Investment Holdings LimitedDream Investment Holdings LimitedDream Technology Holdings LimitedDream TechnologyHoldings LimitedDream Technology Holdings LimitedDreamInvestment Holdings LimitedDream Technology Holdings LimitediDreamSky Technology Limited(5)(6)L 20256 30XV23336 20185 18201811 26 8,627,0458,627,04520185188,627,045500,000,0005,000,000,0001086,270,45086,270,4504.78% 20256 30 2023 20235 182023 202328,207,9662%20232023518 20251 120256 30202328,207,966202320256 302023 2023 20236 302023 202356,415,9331202320236 8 20256 302023 20251 1 20256 30 (1) (2)20253 27 (3)(i)2023(ii)20231%(iii)2023 20256 302023 (3)20265 27152.000 (4)120265 2720251112130%212130%323140% 20256 302023 (2)1.6101.560 (3)122 (4)8 (a)6120265 2720251112130%212130%323140% (b)2330%30%40%20265 2720251112121231 (5)0.7700.730 20256 30(i)2023(ii)20231%(iii)2023 20256 3023,245,0001,060,42820256 30 20256 30202351,974,472 (1) (2)8 (a)6120265 2720251112130%212130%323140% (b)2330%30%40%20265 2720251112121231 20232220251120256 30202326,626,0334,441,46120256 30202323,245,0001.37% 20257 28PLR Worldwide Sales Limited38,085,9371.02438,999,999.48835,509,889.53420258 1120257 2920258 11 20256 30 20256 30 20256 30 1 創20181 3P.O. Box 309, Ugland House, Grand Cayman, KY1-1104, Cayman Islands 201812 6 20256 3020258 28 2 3434202412 31202420253 272024 3 2024 (a) 20251 1 20256 30 3 (b) 20251 1 4 (a) 2024 20256 30 4 (b) 20256 30 4 (c) 20256 30202412 3167.06%74.99% 43,000,000202442,000,000 60% 1,800,000,000 202512 31 (d) 20256 30202412 31 1123 4 (d) 20256 30202412 31 20256 30 4 (d) 2 3 202520246 303 4 (d) 202520246 303 3 33 5 2024 20256 30 6 (a)(b)(c) 7 7 8 20256 30 11 202520246 30 12 (a)(i) 20 (ii) 20256 30 12 (a) (ii) *20256 300.02 (b) 20256 3020246 30 13 20256 30202412 315,078,0006,166,000 1231 13 (a) 202520246 30 14 20256 30 20256 3011,650,000202412 3111,860,000 20256 30202412 31 20256 30 15 (a) 20256 3020246 30767,000 202520246 30 20256 30662,000662,000 (b) 15 (b) 20256 306,117,000126,00020246 306,342,000460,0005,00020246 305,000 16 20256 30 18 (a)3 (b) (i)23,642,00012,775,000 20256 30 18 (b) (ii)73,206,000 20256 30 (c)20256 30202412 3129,546,00066,543,000 19 19 20256 30 (a)(b)(c)(d)15(e) 20256 3020246 307,421,000 (f)20252024 6 30 20256 30 (a)20255 23100,252,8000.72 21 22 (a)2018 20185 188,627,045201812 686,270,450 202012 3118,566,9473,647,14714,919,800112,779112100%24,00021250%50%248,373,3223121/32/3226,409,69941225%75%3202012 3189,460,000 202112 318,085,7214,465,7003,620,021800,000112100%2,484,0213121/32/322336,00041225%75%33 20256 30 22 (a)2018 202212 311,470,18090,1801,380,0001,300,00021250%