畅由国际集团2025中期报告

中期報告Interim Report2025 Contents目錄 Corporate Information2 Management Discussion and Analysis4 Consolidated Statement of Profit or Loss13 Consolidated Statement of Profit or Loss14and Other Comprehensive Income Consolidated Statement of Changes in Equity16 Condensed Consolidated Cash Flow Statement18 Notes to the Unaudited Interim Financial Report19 Other Information34 Corporate Information公司資料 董事 DIRECTORS 執行董事 Executive Directors Cheng Jerome Mr. Cheng Jerome(Chairman)Mr. Sun Jun 非執行董事 Non-Executive Directors Ms. Hu QingMs. Liu Jingyan 獨立非執行董事 Independent Non-Executive Directors Mr. Wong Chi KeungMr. Chan Chi Keung, AlanMr. Ip Wai Lun, William 公司秘書 COMPANY SECRETARY Mr. Chan Chi Keung, Billy AUDIT COMMITTEE 審核委員會 Mr. Wong Chi Keung(Chairman)Mr. Chan Chi Keung, AlanMr. Ip Wai Lun, William REMUNERATION COMMITTEE 薪酬委員會 Cheng Jerome Mr. Ip Wai Lun, William(Chairman)Mr. Cheng JeromeMr. Wong Chi Keung 提名委員會 NOMINATION COMMITTEE Mr. Cheng Jerome(Chairman) (resigned on 24 June 2025)Mr. Wong Chi Keung(Chairman)(re-designated as chairman on 24 June 2025)Mr. Chan Chi Keung, AlanMs. Liu Jingyan(appointed on 24 June 2025) Cheng Jerome 主要股份過戶登記處 PRINCIPAL SHARE REGISTRAR AND TRANSFEROFFICE Suntera (Cayman) LimitedSuite 3204, Unit 2ABlock 3, Building DP.O. Box 1586Gardenia CourtCamana BayGrand Cayman KY1-1100Cayman Islands Suntera (Cayman) LimitedSuite 3204, Unit 2ABlock 3, Building DP.O. Box 1586Gardenia CourtCamana BayGrand Cayman KY1-1100Cayman Islands 香港主要營業地點 PRINCIPAL PLACE OF BUSINESS IN HONG KONG 1003E405-41445 Office Room 45, Unit 405-414, Level 4Core E, Cyberport 3100 Cyberport Road, Pok Fu LamHong Kong 主要往來銀行 PRINCIPAL BANKERS Bank of ChinaThe Hong Kong and Shanghai Banking Corporation AUDITORS 核數師 BDO Limited Public Interest Entity Auditor registered in accordance with theAccounting and Financial Reporting Council Ordinance 法律顧問 LEGAL ADVISOR Nixon Peabody CWL 股份代號 STOCK CODE 1039 1039 香港股份過戶登記處 HONG KONG SHARE REGISTRAR 183171712-1716 Computershare Hong Kong Investor Services LimitedShops 1712-1716, 17th Floor, Hopewell Centre183 Queen’s Road East, WanchaiHong Kong COMPANY’S WEBSITE 公司網址 http://www.changyou-alliance.com http://www.changyou-alliance.com INVESTOR RELATIONSHIP 投資者關係 Mr. Chan Chi Keung, Billyir@fortunet.com.hk ir@fortunet.com.hk Management Discussion and Analysis管理層討論及分析 業務回顧 BUSINESS REVIEW 本公司暢由本集團暢由聯盟 Changyou International Group Limited (the “Company” or“Changyou”) and its subsidiaries (collectively, the “Group”)have capitalised on their years of experience in the e-commercebusiness, which has enabled the Group to grasp marketopportunities and enter the digital points business segmentand industry. In the second half of 2017, the Group formedthe Changyou digital point business ecosystem alliance (the“Changyou Alliance”) with CCB International (Holdings) Limited,China UnionPay Merchant Services Company Limited, Bank ofChina Group Investment Limited, China Mobile (Hong Kong) GroupLimited and China Eastern Airlines Corporation Limited. 暢由平台 With an aim to integrate the digital membership points, resourcesand strategic advantages of the business partners in the ChangyouAlliance, the Group has developed an electronic platform,“Changyou” (the “Changyou Platform”). The Group strives todevelop the Changyou Platform as an integrative and securedplatform, so as to preserve and maximise the value of digital pointsas virtual assets for the platform users. With the development ofblockchain technology, digital assets have received increasingattention from the industry. By leveraging advanced technologiessuch as blockchain and big data, the Changyou Alliance aims todevelop a global financial platform for the issuance, circulation,storage and payment settlement of blockchain tokenisation ofassets. 275.023.2 Over the years, the Changyou Platform has increased the numberof users, diversified its range of products and services, andoptimised its business models and consumption scenarios. As at30 June 2025, the Changyou Platform’s total number of registeredusers was approximately 275.0 million, representing an increase ofapproximately 23.2 million newly registered users compared to thenumber of registered users as at 31 December 2024. 122.790.4 For the Reporting Period, the total transaction volume and revenueof the Changyou Alliance business amounted to approximatelyRMB122.7 million and approximately RMB90.4 million,respectively. SaaS++ During the Reporting Period, the SaaS digital points servicesmaintained steady operational momentum, consistently generatingsignificant revenue for the Group. Leveraging the traffic advantagesof its ecosystem scenarios, it not only boosted the promotion ofproducts of the main business of our business partners, but alsofurther strengthened its competitive edge through user experienceoptimization and in-depth integration with various scenarios.Furthermore, the Company actively collaborated with ChinaM