飞天云动二零二五年年报

年 報2025 24567242755(ESG)74110115117119120122171 20256 320262 920253 320262 920253 320256 3 20256 320262 920253 320262 920253 320256 3 20256 320262 920253 320262 920253 320256 3 20264 2120264 21 20256 3 20262 920256 320253 320262 920253 320256 3 38223 1617 20264 2120264 21 89 Nexus WayCamana BayGrand CaymanKY1-9009Cayman Islands 1119901–905 38 6E1 33191917 101 Ogier Global (Cayman) Limited89 Nexus WayCamana BayGrand CaymanKY1-9009Cayman Islands 6610 www.flowingcloud.com 2025(AR)(VR) ARVR AIARVRAI SaaSAR/VR SaaS ARVR AIAIAI AI 2025 2025ARVRARVR ARVRARVRARVR 20251231(i)ARVR(ii) ARVR AI(iii)(iv) ARVR ARVR20251231ARVR ARVR AI ARVR 2025(AI)AI (i)(ii) API (MCN)(IP)3D 2026AI(XR) — AIXR3DAIGC — (i)ARVR(ii)ARVR AI(iii)(iv)ARVR SaaS 20251231783.9020241231995.3521.2%ARVRARVR AI ARVR ARVR 20251231ARVR487.3820241231573.0715.0%202416202514202426.80202519.93 ARVRARVR ARVR2024142024123116202426.80202519.93ARVR ARVR AI ARVR AI20251231189.112024211.2910.5%ARVRAI ARVR AIARVR AI 2025123157.693.031,803.5% 2025123117.76 2024 2025123116.83179.4890.6% ARVR SaaS 2024ARVRSaaS2025123163.6%2024123122.1720258.07 (i)ARVR(ii)ARVRARVR SaaS(iii)ARVR(PGC) 20251231631.592024795.3120.6%2025 20251231152.322024200.0423.9%ARVR ARVR2024123115.2%2025123113.8% ARVR AI2024123147.2%202539.5% 20251231131,0002024597,00078.1%2025 20251231695.0174.72024123158.7116.0202512 31 20251231132.46202488.1550.3% (i)(ii)(iii) 20251231202451.2932.5%34.60(i)(ii) 20251231229.79202484.292.7VR20251231 202512313.9020246.4139.1% 202412311,143,0002025123150,0002025 20251231365.62202443.70321.9220241231-4.4%20251231-46.6%20251231 (i) ARVR(ii) ARVR AI 20241231641.89202512 31695.04 (i)AR VR(ii)AR VR AI 20241231755.4220251231635.01ARVR 20241231170.8220251231263.47 2024123188.0020251231113.00 20251231 100% 2025123120251231 20251231 20257225,506,0001596H2025123125,595,0002.85% 20251231 2025123202512 5(20)(1) 50,0005,000,000,0000.000012,601,757,2001,182,000 50,000250,000,0000.00020130,087,86059,100 29,590,00029,590,000(i)(ii)17.03(13)(iii)2020116202310722020 20251020202512320251117 202543020254300.201361,000,00071.62202551920254302025519 2025992025990.174433,429,20074.53202593020259920259 30 20251231992024124 43202162420211213200941 202005720065(WAP2006620091300315 20188(Beijing Animation Committee)(Beijing Animation Event) 2005720133 432021121320211213200983 1820071200832620084200942009420098() 20067 4320211213202112132016229 202004122007122008120106Java2010720161 2018Rhino(IPO3.COM)2018 2005720111 41202298 1320123()201411()20194688500 20076 5025 19988200082000820018200192018220182 2016419987 54302018120221 20075 13.51(2) (1)(2)XV(3)(4)(5)13.51(2) 20251231 202162420221018 ARVRARVR AI20251231 2025123120251231115171 20251231 202512315 20256 320262 920253 320262 920253 320256 3 108(a) 108112202563202629 2426 3.13 13.51(2)(a)(e)(g)13.51(B) 20221018531.9 20251231 2025123124.26%202427.82%5.61%20249.06% 2025123144.22%202434.80%13.75%20247.34% 5% 15 31 2025123133 2025123129 202298 (a) (b) (i)(ii) (c) 10% 20251232025125(20)(1)50,0005,000,000,0000.000012,601,757,2001,182,00050,000250,000,0000.00020130,087,86059,100 181,000,00020261110%9,050,000202512 316.96% 202511133,773,000202512 317,578,500 10% (d) 121% (e) (i) (ii)120.1% (f) 12 (g) (h) (i)(ii)(iii) 1.00 (i) 10 (1)1.7830%30%40%35.60 12D1.77334 (2)202512311.13% 8.10 2025123120251231486 3720251231202512312025123120251231 (i)(ii)(iii) 12 20251231 3111237 20251231XVXV78352C3 (1)Brainstorming Cafe LimitedBrainstorming Cafe33,491,095Brainstorming CafeWangleiCo., Ltd.Wang BVI30.00%Cyber Warrior Holdings LimitedCyber Warrior70.00%Wang BVICyber WarriorMoomoo Trustee (Singapore) Pte. Ltd.Wang BVI 2025123190,00090,000 (2)2025123190,00090,000 (1)53.96% 20251231XVXV78352 18 20251231XV23336 (1)Brainstorming Cafe LimitedBrainstorming Cafe33,491,095Brainstorming CafeWangleiCo., Ltd.Wang BVI30.00%Cyber Warrior Holdings LimitedCyber Warrior70.00%Wang BVICyber WarriorMoomoo Trustee (Singapore) Pte. Ltd.Wang BVI 2025123133,491,09590,00090,000 (2)Cyber WarriorMoomoo Trustee (Singapore) Pte. Ltd.Moomoo Trustee (Singapore) Pte. Ltd.Wang BVI (3) 20251231XV23336 —5 (i)(ii)(iii)SaaSARVR(iv)(v)(vi)(vii)(viii) 2025123114A — 202112 16202256 2025(1)(AR)(VR)(2) 2025 (i)20251225(1)(2)(3)(4)(5)(6)(7)13.07%53.96%20211216 (ii)2025514107.69%20256117.69%92.31% (iii)2025121092.31%20251216 (iv)20251225 (1) 202256 (a)(b)(c)(d)(e)(f)(g)(h)(i)(j)(k)(l)(m) 90 (i)(ii) 101010 20211216202256 (a)(b)(c)(d)(e)(f)(g)(h)(i)(j)(k)(l)(m)(n) (i)(ii) 20211216202256 (i)(ii)(iii)(iv) 3020211216202256 202112 16202256 (a)(b)(c)(d)(e)(f)(g)(h) (a)(b)(c)(d) 20242024962024111 ARVR50% 202512312762024535202512311,01520241,112 (i)(ii)(iii)(iv)(v)(vi)(vii)(viii)(ix)2022202251 — (i) (ii) (iii) (iv) 14A(i)(ii)40.88%5.92% (i)14A.10514A(ii)14A.53(iii)14A.52 (a)(b)(c)(d)(e) (i)(ii)(iii)(iv)