第七大道2025 中期报告

CorporateProfile 董事會 BOARD OF DIRECTORS 執行董 事 Executive DirectorsMr. Meng Shuqi(Chairman)Mr. Liu Zhizhen(Appointed on 26 January 2025)Mr. Yang ChengMr. Li Zhengquan(Resigned on 26 January 2025) 獨立非 執行董 事 Independent Non-executive DirectorsMr. Xue JunMs. Li YiqingMr. Lui Chi Ho 審 核委員會 AUDIT COMMITTEE Mr. Xue Jun(Chairman)Ms. Li YiqingMr. Lui Chi Ho 薪酬委員會 REMUNERATION COMMITTEE Ms. Li Yiqing(Chairwoman)Mr. Xue JunMr. Lui Chi HoMr. Meng Shuqi 提名委員會 NOMINATION COMMITTEE Mr. Meng Shuqi(Chairman)Mr. Xue JunMs. Li YiqingMr. Lui Chi Ho 聯席公司秘書 JOINT COMPANY SECRETARIES CPA, FCCA() Mr. Yang Cheng (Appointed on 26 January 2025)Mr. Cheng Ching Kit (Appointed on 10 July 2025)Mr. Cheung Kai Cheong, Willie(CPA, FCCA)(Resigned on 10 July 2025)Mr. Li Zhengquan (Resigned on 26 January 2025) 授權代表 AUTHORIZED REPRESENTATIVES Mr. Meng ShuqiMr. Cheng Ching Kit (Appointed on 10 July 2025)Mr. Cheung Kai Cheong, Willie(CPA, FCCA)(Resigned on 10 July 2025) CPA, FCCA CorporateProfile(continued) 核 數師 AUDITOR 38223 Zhonghui Anda CPA LimitedCertified Public Accountants andRegistered Public Interest Entity Auditor23/F, Tower 2Enterprise Square Five38 Wang Chiu RoadKowloon Bay, KowloonHong Kong 香港法律顧問 HONG KONG LEGAL ADVISER 15434301–10 Han Kun Law Offices LLPRooms 4301–10, 43/FGloucester Tower, The Landmark15 Queen’s Road CentralHong Kong 公司網頁www.7road.com COMPANY WEBSITE www.7road.com 股份代號 STOCK CODE 797 797 開曼群島註冊辦事處 REGISTERED OFFICE IN THE CAYMANISLANDS Vistra (Cayman) LimitedP.O. Box 31119, Grand PavilionHibiscus Way, 802 West Bay RoadGrand Cayman, KY1-1205Cayman Islands Vistra (Cayman) LimitedP.O. Box 31119, Grand PavilionHibiscus Way, 802 West Bay RoadGrand Cayman, KY1-1205Cayman Islands 中國主要營業地點 PRINCIPAL PLACE OF BUSINESS INTHE PRC 27 The 27th Floor, Xiangjiang Financial CenterNanshan District, ShenzhenGuangdong ProvincePRC CorporateProfile(continued) 香港主要營業地點 PRINCIPAL PLACE OF BUSINESS INHONG KONG 24840 40th Floor, Dah Sing Financial CentreNo. 248 Queen’s Road EastWanchaiHong Kong 主要股份過戶及登記處 PRINCIPAL SHARE REGISTRAR ANDTRANSFER OFFICE Vistra (Cayman) LimitedP.O. Box 31119, Grand PavilionHibiscus Way, 802 West Bay RoadGrand Cayman, KY1-1205Cayman Islands Vistra (Cayman) LimitedP.O. Box 31119, Grand PavilionHibiscus Way, 802 West Bay RoadGrand Cayman, KY1-1205Cayman Islands 香港證券登記處 HONG KONG SHARE REGISTRAR 183171712 1716 Computershare Hong Kong Investor Services LimitedShops 1712–1716, 17th FloorHopewell Centre183 Queen’s Road EastWanchaiHong Kong 主要 往 來銀行 PRINCIPAL BANKS Bank of ChinaShenzhen Qianhai Bay branch China Merchants BankShanghai Xuhui Binjiang branch Financial Performance Highlights Profit/(loss) for the periodProfit/(loss) for the period attributable toowners of the Company 176.426.5% 1.For the six months ended 30 June 2025, the Company recorded a total revenueof approximately RMB176.4 million for its continuing operations, representing anincrease of approximately 26.5% as compared with the six months ended 30 June2024.1. 26.16.027.17.8 2.For the six months ended 30 June 2025, the Company recorded a profit for theperiod of approximately RMB26.1 million, and recorded a loss of approximatelyRMB6.0 million as compared with the six months ended 30 June 2024. TheCompany recorded a profit for the period attributable to owners of the Company ofapproximately RMB27.1 million, and recorded a loss of approximately RMB7.8 millionas compared with the six months ended 30 June 2024.2. Management Discussion and Analysis 概 覽 OVERVIEW 一、本公司所處的行業 整體 情 況 I.Overview of the industries in which the Companyoperates in (GPC)20251-61,68014.08%6.790.72%1,253.0916.55%354.034.86%5.87%22.03232.7640.2%95.0111.07% According to the “Report on China’s Gaming Industry fromJanuary to June 2025” (20251–6)published by the Game Publishing Committee (GPC) ofthe China Audio-video and Digital Publishing Association,China’s gaming market recorded an actual sales revenueof approximately RMB168.0 billion from January to June2025, representing a year-on-year increase of approximately14.08%, reaching a record high. From January to June 2025,the number of China’s game players also reached a recordhigh of approximately 679 million, representing a year-on-yearincrease of approximately 0.72%. Market revenue and playerscale increased concurrently due to several contributingfactors, which include (i) the exceptional performanceof seve ra l n ew l y lau nc h e d g a m e s, w hic h exc e e d e dexpectations; (ii) the sustained success of long-runninggames, contributing to steady revenue growth; and (iii), thestrong momentum of esports and mini-program games.China’s mobile gaming market recorded an actual salesrevenue of approximately RMB125.309 billion, representinga year-on-year increase of approximately 16.55%. Theclient-based gaming market recorded an actual salesrevenue of approximately RMB35.403 billion, representinga year-on-year increase of approximately 4.86%. The actualsales revenue o