飞天云动二零二五年中期报告

2452131323335363748 20256 320256 320253 320253 3 20253 320256 320256 320253 3 38223 20253 320253 320256 320256 3 20256 320256 320253 320253 3 89 Nexus WayCamana BayGrand CaymanKY1-9009Cayman Islands 38 33191917 6E1 Ogier Global (Cayman) Limited 101 89 Nexus WayCamana BayGrand CaymanKY1-9009Cayman Islands 1617 6610 15323203–3207 www.flowingcloud.com ARVRARVRARVR ARVR/MRARVRAIVR 2025ARVRAIARVR AI FT liveIP XR2025VR/ARXRAI20252025FT LiveAI STIF2024 2024 ARVR ARVR214.733.5%24.0%20,178.115,332.293% ARVR144.3253.843.1%ARVR70.469.02.0% ARVR ARVR ARVR119.912.6%1,238.81,998.7 2025++ IPIP 3D 2025VR MRMRVFXMR ARVR/MR AI724 2025AIAR VR/MR (i)ARVR(ii)ARVR(iii)(iv)ARVR SaaS 2025630381.32024630448.014.9%ARVR ARVR ARVR 2025630ARVR214.72024630322.933.5% ARVRARVR ARVR2024 142024630161442024630143 ARVR ARVR2025630ARVR119.92024106.512.6% ARVRARVR 2024 202563016.82024 ARVR SaaS 2024ARVR SaaS202563056.5%20246 3014.320256.2 202563023.720244.35.5 (i)ARVR(ii)ARVRARVR SaaS(iii)ARVR(PGC) 2025630300.72024322.86.9% ARVR ARVRARVR 2025630ARVR201.82024258.722.0%ARVRARVR ARVR ARVRARVR 2025630ARVR74.7202455.035.7%ARVRARVR 202563080.72024125.235.6%ARVR ARVR202419.9%202513.5% ARVR202463048.3%202537.7% 20256 3046,0002024110,00058.2%2025 2025630781.1143.72024123158.785.12025630 202563067.920248.77.8 (i)(ii)(iii) 2025630202427.746.0%15.0(i)(ii) 202563046.1202414.43.2VR2025630 20256302.120242.619.2% 202463011.0202563012.42025630 2025630123.5202463.5187.0202414.2%2025-32.4%2025 ARVRARVRARVR SaaS 641.92025630781.12024123114222% (i)AR VR(ii)ARVR(iii) 20241231755.42025630721.0ARVR 2025630 20241231217.229% 20241231170.82025630235.1 2024123188.0202563095.5 2025630 202563021.0 45.2 2025630 100% 202563020256 30 2025630 2025630159631,101,0003.5% 140,781,179202563068.620256303.9%6.32024123174.9 2022202320242024688500 13.51(2)(a)(e)(g)13.51B(1)2024 2025630103 20221018531.9 2025630 20254300.201361,000,0002024528362,000,0000.201 (a)0.25019.60%(b)0.24517.96%0.2020254302025519 2025519361,000,0003,6100.20172.5671.622025630 2025630 202298181,000,0008.4%2025630108,503,000108,503,00020256305.0% (1)1.7830%30%40% 12D1.77 (2)20256301.37% 2025630XVXV78352C3 (1)Brainstorming Cafe LimitedBrainstorming Cafe669,821,900Brainstorming CafeWangleiCo., Ltd.Wang BVI30%Cyber Warrior Holdings LimitedCyber Warrior70%Wang BVICyber WarriorMoomoo Trustee (Singapore) Pte. Ltd.Moomoo Trustee (Singapore) Pte. Ltd.Wang BVI 20256 301,800,0001,800,000 (2)20256 301,800,0001,800,000 (3)20256302,168,328,000 40.88% (1) 2025630XVXV78352 18 2025630XV23336 (1)Brainstorming Cafe LimitedBrainstorming Cafe669,821,900Brainstorming CafeWangleiCo., Ltd.Wang BVI30%Cyber Warrior Holdings LimitedCyber Warrior70%Wang BVICyber WarriorMoomoo Trustee (Singapore) Pte. Ltd.Moomoo Trustee (Singapore) Pte. Ltd.Wang BVI 20256 301,800,0001,800,000 (2)Cyber WarriorMoomoo Trustee (Singapore) Pte. Ltd.Moomoo Trustee (Singapore) Pte. Ltd.Wang BVI 2025630XV23336 2025630 20236 620231123272920231222272,672,00020255202452820246111213141718241,182,000 2025990.174433,429,200433,429,200202552820%202599 (www.hkexnews.hk)(www.flowingcloud.com) C.2.1 324720256 30343434 2410 34 P073742025829 2025630 20256 30 2025630 2025630 2025630 1. 89 Nexus Way, Camana Bay, Grand Cayman, KY1-9009, Cayman Islands3820221018 ARVRARVR Brainstorming Cafe Limited 2. 34 202420241231 3. 202511 4. (a)2025630 2025630 4. (b) (c)2025630 5. 2025630 5. 6. 7. 202212312025630202463020241231202512312025202463050% 8. 9. 20256302024630 10. 2025630 2024630 2025630 11. 202563046,566,000130,000 12. 13. 2025630 15. 20256302.40%–4.42%202412310.00%–5.80% 202563010,000,0002024123115,000,000 16. 20271231 17. 0.00001 17. 20256301,182,000202412313,854,0002,672,000202412312025630 18. 2025630 19. 20. AI AR 20211117 C1 IP 2008319 20229 8 20229 29 *