Month: 2026-03

EQS Newswire / 26/03/2026 / 22:07 UTC+8 [Hong Kong – 26 March 2026] Newborn Town Inc. (Newborn Town or the company, together with the subsidiaries as the ‘Group’, stock code: 09911.HK), a leading global social entertainment company, released its annual results for 2025. For the year ended December 31, 2025, Newborn Town reported a total revenue of RMB 6,889 million, marking a 35.3% year-on-year increase. Net profit for the year reached RMB 964 million, up 22.3% year-on-year. Net profit attributable to owners amounted to RMB 935 million, surging by 94.6% year-on-year, while adjusted EBITDA totaled at RMB 1,215 million, demonstrating a year-on-year increase of 26.1%. By business segment, the social networking business remained the primary revenue driver. Flagship product TopTop continued to deliver strong growth, while MICO and YoHo provided stable contributions to both revenue and profit. The innovative business segment recorded a year-over-year surge of 59.3% in revenue, with quality games and social e-commerce maintaining solid and rapid growth, while the short drama business began to gain traction. By market, the MENA region continued to demonstrate strong commercial momentum. Meanwhile, the Group accelerated its expansion into non-MENA markets, making encouraging progress in regions such as Latin America and Japan. Deepening Competitive Moat in Social Networking Business, While Innovative Business Gained Strong Momentum In 2025, the Group’s social networking business sustained strong growth, with revenue reached RMB 6,142 million, representing a year-on-year increase of 32.9%. In particular, the game-oriented social networking platform TopTop delivered exceptional results, with profit growth exceeding 100%. Revenue for TopTop grew by over 70% year-on-year. Meanwhile, the live-streaming social platform MICO and the voice-based social platform YoHo continued to reinforce their leadership in their respective segments, contributing stable revenue and profit. Leveraging its strong UGC-driven ecosystem, TopTop was steadily evolved into a household name in key MENA markets such as Saudi Arabia, and was named “Best Social Game Platform” at the Sensor Tower APAC Awards. According to Sensor Tower, TopTop ranked 5th in the Middle East social networking app revenue rankings in 2025. As the Group’s first social networking product, MICO has consistently maintained a leading position in the live-streaming social segment across markets such as the MENA region and Southeast Asia. The voice-based social platform YoHo also remained firmly positioned within the top tier of the MENA voice-based social market. According to DianDian data, YoHo ranked among the Top 10 grossing social apps on Google Play multiple times in markets including Saudi Arabia, Oman, and the UAE in 2025. Meanwhile, the Group’s diverse-audience social networking business continued to deliver steady progress. HeeSay, the flagship product of this business segment, further strengthened its presence in Southeast Asia, consistently ranking among the Top 10 grossing social apps on the App Store in markets such as Thailand and Vietnam. During the year, the Group’s innovative business recorded revenue of RMB 747 million, representing a year-on-year increase of 59.3%, working alongside the social networking business to drive steady overall growth. The Group’s flagship games have entered long-term operation stages, while the development and pipeline of new game titles are progressing steadily. The social e-commerce platform Heer Health continued its steady and rapid growth, further strengthened its presence in the fields of HIV prevention and sexual health services. Meanwhile, the Group’s short drama business, which it has been actively investing in, has begun to gain early traction. Accelerating Global Expansion with Solid Progress in Non-MENA Markets In 2025, Newborn Town significantly accelerated its global expansion. During the year, the Group continued to strengthen its competitive advantages in key markets such as the MENA region and Southeast Asia. In 2025, the Group’s core products recorded year-on-year growth of nearly 50% in business scale in the MENA region. Meanwhile, the Group also made solid progress in new markets including Latin America, East Asia, and Europe, further expanding its global footprint. In East Asia, TopTop successfully entered the high-barrier Japanese market, leveraging its differentiated positioning and refined localization strategy, and has begun to generate early monetization results. According to DianDian data, TopTop ranked 6th on the App Store free games chart in Japan in November 2025. Newborn Town continued to advance its expansion in markets such as Europe, steadily broadening its global presence. In high-value markets including Japan, South Korea, and North America, the Group is actively refining its product offerings, deepening market understanding, and exploring further potential in both user scale and monetization. In June 2025, Newborn Town officially established its global headquarters in Hong Kong, marking a new milestone in the Group’s globalization strategy. Looking ahead, the Hong Kong headquarters will serve as a coordination hub, working closely with the Group's global R&D and operations centers to support continued overseas expansion. AI Accelerated Deployment as a Full-Stack Capability “Multiplier” In 2025, Newborn Town accelerated the deployment of AI across its business, deeply embedding AI into core functions such as R&D and operations to enhance overall efficiency. Meanwhile, the Group’s AI product Aippy entered the consumer-facing AI application space, rapidly building a growing active user base since its launch. During the year, the Group continued to strengthen its core technology capabilities, further expanding the application of AI across its business processes. Its self-developed multimodal algorithm model, Boomiix, continuing to undergo iterative upgrades, improving the accuracy of social matching and advancing the intelligence of operations. Newborn Town also launched Siyu AI, an internal data intelligence platform, significantly shortened turnaround times for data queries, anomaly analysis, and report generation. Its proprietary AI-powered design platform KIVI continued to evolve, enhancing both production efficiency and content richness across key creative functions including the design of virtual gifts, campaign pages, and marketing assets, while materially shortening campaign and gifting operation cycles. During the year, the Group launched Aippy, an AI-powered community for games, exploring new ways to deliver emotional value through AI-generated content. Since launch, Aippy has received positive user feedback, achieving an App Store rating of over 4.8. Building on this momentum, the Group has also continued to ramp up recruitment of top AI talent, further strengthening its technology foundation and positioning AI as a full-stack capability multiplier across local operations, scalable growth, product innovation, and compliance enhancement. As AI became increasingly integrated with its social networking business, Newborn Town will continue to deepen its technological capabilities. By leveraging its strengths in agile product innovation, localized operations, and efficient user acquisition, the Group remains well-positioned to further expand in the global social entertainment market and create positive emotional value to users worldwide. About Newborn Town Newborn Town has grown into a leading technology company which was listed on the Main Board of the Hong Kong Stock Exchange (HKEX) in 2019 under the stock code 9911. Committed to creating positive emotional value worldwide, Newborn Town has developed a diverse portfolio of applications in the social networking and entertainment sectors. Its social apps include MICO, YoHo, TopTop and HeeSay, together with gaming products like Alice's Dream: Merge Games. These applications have achieved widespread acclaim, reaching over one billion users in over one hundred countries and regions.Newborn Town considers the Middle East and North Africa (MENA) region a key market and has also extended its influence in Southeast Asia, Europe, the United States, Japan, and South Korea. The company aims to become the world's largest social entertainment company. For enquiries, please contact DLK Advisory pr@dlkadvisory.com 26/03/2026 Dissemination of a Financial Press Release, transmitted by EQS News.The issuer is solely responsible for the content of this announcement.Media archive at www.todayir.com

EQS 新聞 / 2026-03-26 / 22:07 UTC+8 [2026年3月26日 – 香港] 領先的全球化社交娛樂公司 – 赤子城科技有限公司（「赤子城科技」或「本公司」，股份代號：9911；連同其附屬公司統稱「本集團」）發布2025年年全年業績公告。截至 2025 年 12 月 31 日止年度，公司總收入達 68.9 億元（人民幣，下同），同比增長 35.3%；利潤達 9.6 億元，同比增長 22.3%；公司歸母淨利潤 9.3 億元，同比大幅增長 94.6%；經調整 EBITDA 為 12.1 億元，同比增長 26.1%。 分業務線看，公司社交業務貢獻主要收入，旗艦產品 SUGO及TopTop 持續爆發，MICO及YoHo 穩定貢獻收入及利潤；創新業務收入同比顯著增長59.3%，精品遊戲、社交電商穩健快速發展，短劇業務亦初見成效。 分市場看，中東北非市場持續展現強勁商業潛力；同時，公司在非 MENA 市場的拓展速度明顯加快，在拉美、日本等區域均取得積極進展。 社交業務壁壘加深，創新業務高速成長 2025 年，公司社交業務保持高速增長，收入達61.4 億元，同比增長 32.9%。其中，陪伴社交平台 SUGO 和遊戲社交平台 TopTop 表現突出，利潤同比增長雙雙超100%；收入方面，SUGO 同比增長超過 80%，TopTop 同比增長超過 70%。此外，直播社交平台 MICO、語音社交平台YoHo 在細分賽道持續鞏固優勢，穩定貢獻收入及利潤。 在陪伴社交賽道，SUGO 已成為全球範圍內備受矚目的標杆型產品；TopTop 則憑藉 UGC 生態優勢，在沙特阿拉伯等中東北非部分市場逐步成長為「國民級應用」，並榮獲 Sensor Tower APAC Awards 「最佳社交遊戲平台」獎項。根據 Sensor Tower 數據，TopTop 和 SUGO 分別位列 2025 年中東社交網絡收入排行榜第 5 位和第 6 位。 作為公司首款社交產品，MICO 在中東北非、東南亞等市場繼續保持直播社交賽道領先位置，語音社交平台 YoHo 亦穩居中東北非語音社交市場第一梯隊。點點數據顯示，2025年 YoHo 多次進入沙特阿拉伯、阿曼、阿聯酋等市場 Google Play 社交應用暢銷榜前 10 位。 同時，公司多元人群社交業務亦穩步發展。全球化多元人群社區 HeeSay 在優勢市場東南亞的影響力穩步加深，穩居泰國、越南等國家 App Store 社交應用暢銷榜TOP10。 年內，公司創新業務收入達7.5 億元，同比增長 59.3%，與社交業務共同推動公司業績穩步增長。其中，旗艦遊戲進入長線運營階段，新遊戲開發布局順利；社交電商平台荷爾健康穩健快速發展，在 HIV 防治及性健康服務領域的領先地位進一步鞏固。與此同時，公司積極投入的短劇業務亦取得初步成果。 全球化布局加速，非 MENA 市場取得積極進展 2025 年，赤子城科技的全球化拓展步伐顯著加快。年內，公司持續鞏固在中東北非、東南亞等優勢市場的競爭壁壘。2025 年，公司核心產品在中東北非市場的業務規模同比增長近 50%。此外，公司在拉美、東亞、歐洲等新市場亦取得積極進展，全球業務版圖加速擴大。 在拉美地區，SUGO 貼合本地用戶特點與行業生態，持續調試產品和運營策略，業務增長勢頭強勁，年末單月流水較年初增長超 300%，成為該區域社交娛樂市場的重要參與者。Sensor Tower 數據顯示，SUGO 位列 2025 年拉美地區社交網絡收入榜第 19 位。 在東亞地區，TopTop 憑藉獨特的產品定位和精準的本地化策略，成功進入日本這一高門檻市場，並取得初步的商業化成果。點點數據顯示，TopTop 於2025年11月躋身日本App Store 遊戲免費排行榜第 6 名。 與此同時，公司在歐洲等市場的布局亦穩步推進，全球化版圖持續擴大。在日韓、北美等高價值新市場，公司亦在調整產品、深化用戶洞察，探索用戶規模與商業價值的更大空間。 2025年6月，赤子城科技全球總部正式落地香港，標誌著公司全球化戰略邁入新階段。未來，公司將充分發揮香港全球總部的樞紐作用，與全球各地研發中心、運營中心緊密協同，進一步完善全球化布局。 AI 加速落地，形成全鏈路能力「放大器」 2025 年，赤子城科技加速 AI 技術的深度應用，全面賦能研發、運營等核心業務場景，提升運營效率；同時，AI 產品 Aippy 進入消費級 AI 應用賽道，探索「AI+社交娛樂」新空間。 年內，公司持續強化底層技術能力，不斷深化 AI 在業務流程中的應用。自研多模態算法模型 Boomiix 持續升級，有效提升社交匹配精準度與運營智能化水平；自研智能數據平台思語 AI 將數據查詢、異動分析、報告生成等流程的響應周期大幅縮短；自研 AI 智能設計平台 KIVI 持續優化，在虛擬禮物、活動頁面、投放素材等設計環節提升產出效率與內容豐富度，大幅縮短活動與禮物運營周期。 年內，赤子城科技孵化 AI 產品 Aippy，探索以 AI 創造情緒價值的新路徑。產品上線後獲得用戶積極反饋，App Store 用戶評分超 4.8。此外，公司也在持續加大 AI 領域優秀人才招聘力度，持續完善技術底座，推動 AI 成為本地經營、規模增長、產品迭代、合規升級等全鏈路能力的「放大器」。 隨著 AI 技術與社交業務的深度融合，赤子城科技將不斷加強技術積累，憑藉敏捷的產品創新、緊貼用戶的本地化運營、高效的營銷獲客等能力，持續深耕全球社交娛樂市場，在更大範圍內為全球用戶創造美好情緒價值。 有關赤子城科技 赤子城科技是一家全球化的互聯網公司，2019年在港交所主板上市，股票代碼為09911.HK。 公司以「創造美好情緒價值」為願景，在社交、遊戲等領域打造了數十款面向全球用戶的APP，包括泛人群社交產品 MICO、YoHo、TopTop、SUGO；多元人群社交產品 HeeSay；精品遊戲產品 Alice's Dream: Merge Games等，累計服務上百個國家和地區的超過10億全球用戶。赤子城科技深耕中東北非市場，並積極佈局東南亞、歐美、日韓等地區，致力於成為全球最大的社交娛樂公司。 如欲查詢更多資訊，請聯絡： DLK Advisory pr@dlkadvisory.com 2026-03-26 此財經新聞稿由EQS Group轉載。本公告內容由發行人全權負責。瀏覽原文: http://www.todayir.com/tc/index.php

EQS Newswire / 26/03/2026 / 19:20 UTC+8 On the evening of March 23, Huaqin Technology Co., Ltd. (“Huaqin” or the “Company”) released a striking 2025 annual performance report. The Company achieved full-year operating revenue of RMB 171.437 billion, up 56.02% year on year; net profit attributable to parent company shareholders reached RMB 4.054 billion, rising 38.55% year on year; and non-GAAP net profit attributable to parent company shareholders stood at RMB 3.244 billion, up 38.30% year on year. Meanwhile, the Company proposed a cash dividend of RMB 12 per 10 shares. Against a backdrop of intensifying market competition and volatile raw material costs, the growth of such magnitude from a large-cap player has immediately captured market attention. Yet focusing solely on these headline figures risks overlooking the truly meaningful takeaways from this annual report. I. Strategy Enters Realization Phase, Second Growth Engine Accelerates On top of its already large revenue base, the Company still delivered 56.02% year-on-year growth, pushing annual revenue to RMB 171.437 billion and solidifying its leading position among A-share listed firms. More importantly, Huaqin’s management provided an anchor-setting medium-to-long-term guidance at the performance briefing. The Company expects 2026 revenue to exceed RMB 200 billion and clearly targets RMB 300 billion in total revenue by 2028–2029 under its "3+N+3" structure. Relative to its current RMB 170 billion scale, this target implies the Company will sustain mid-teens growth over the next 3–4 years, rather than entering the steady-state phase typical of traditional manufacturing. The sustained robust growth stems not from a passive recovery driven by a single sector rebound, but from the combined effects of expanding platform capabilities, upgraded customer structure, and mass shipment of multiple product lines. Specifically, the growth curve built around the "3+N+3" strategy — three mature business ecosystems (smartphones, laptops, data centers) plus three strategic new businesses (auto electronics, robotics, software) — has evolved from blueprint to tangible financial results, demonstrating diversified and high-value-added growth traits. 1. Diversified Growth Drivers Traditional ODM players usually rely heavily on the prosperity of a single category, especially the smartphone cycle. However, Huaqin’s 2025 growth showed clear diversification. The revenue of its basic mobile terminal business increased by 57.17% year-on-year, while the revenue of its computing and data business (PC + data center) increased by 51.93% year-on-year. The more impressive innovative business (mainly covering automotive electronics, robotics, etc.) achieved a year-on-year growth of 121.00%, with a revenue scale of RMB 3.48 billion. 2. Business Mix Shifts Toward Higher Value While mobile terminals remain the largest revenue contributor, the computing & data business — centered on data centers — now accounts for 44% of total revenue, becoming a second pillar nearly on par with mobile terminals. According to the annual report, the Company’s data center business saw sharp growth in shipments across all product lines, and it maintained a leading market share in AI servers. China Post Securities noted that Huaqin has become a core supplier to the top three global CSP (communication service providers) customers. This means the Company’s business portfolio is gaining higher value mix and strategic industry position: it has shifted from a pure consumer electronics player to a dual-engine growth model driven by consumer electronics + computing infrastructure, positioning itself in the high-certainty, high-growth computing infrastructure sector that underpins the digital future. 3.New Businesses Gain Meaningful Scale & Contribution The annual report explicitly defines robotics as a key second growth curve. The innovative business segment — robotics, auto electronics and software — posted the fastest growth among the Company’s four divisions at 121.00% year on year in 2025. Auto electronics revenue exceeded RMB 1 billion in 2025, with a target of RMB 10 billion in revenue over the next 3–5 years. Software business began contributing meaningful revenue and profit. Data collection robots entered mass production and delivery; nearly 1 million units of home cleaning robots were shipped in 2025, with a doubling of shipments expected in 2026. Notably, the Company’s operating cash flow (OCF) improved markedly in the second half of 2025. After a net outflow of RMB 1.522 billion in H1, the full-year net outflow narrowed sharply to RMB 223 million, implying a net inflow of approximately RMB 1.299 billion in H2 — a decisive reversal from the first half. This signal suggests that upfront capital expenditures (CAPEX) on procurement and inventory for business expansion has started translating into effective cash collections from customers and healthy operational quality, indicating the Company is entering a harvest phase of sustained free cash flow generation. II. Platform Capabilities Extend Outward, Tech-driven Competitive Advantage Reshapes Business Logic For a long time, limited market perception of ODM firms to their manufacturing capabilities: supply chain management, cost control, mass production, project delivery — all important, and all part of Huaqin’s foundational competitiveness. Yet viewing Huaqin merely as a hardware assembler or contract manufacturer can no longer explain its simultaneous expansion across vastly different product categories, nor its stronger positioning than many traditional ODMs in the AI hardware wave. The core logic lies in long-term invested technical capabilities moving from a back-office support system to the forefront, translating into significant commercial leverage. Unlike traditional manufacturing ODMs, Huaqin is a hardware company with strong software capabilities — rooted in its founding team’s software background and sustained investments in AI software, visual recognition and related fields. In the AI era, on-device inference and multimodal interaction have become mainstream; underlying software and system optimization directly define a hardware product’s performance ceiling and user experience. This software-hardware integration capability forms Huaqin’s core competitive differentiation. As this capability extends outward, it rapidly builds competitive barriers in new sectors. In terms of data center business, Huaqin is one of the few industry players with full-stack design capabilities across computing nodes, network nodes and liquid cooling. It leads in core technologies such as whole-machine architecture, high-speed interconnectivity and liquid cooling. Meanwhile, it has built an open and compatible ecosystem fully supporting mainstream global GPUs (NVIDIA, AMD, Intel) and domestic computing platforms. Management disclosed at the performance briefing that data center revenue is projected to grow 30%–50% in 2026, with AI servers accounting for over 70% of the mix. Switch revenue is set to double again, and “hyper-node products will enter mass production and delivery in H2 2026”. Moreover, backed by technical accumulation from its large consumer electronics hardware platform, strong computing support from AI PCs and servers, and massive test data and application scenarios from its global manufacturing footprint, Huaqin has advanced rapidly in robotics. During the reporting period, the Company established an independent robotics subsidiary Yiren Intelligent Robotics and assembled a dedicated R&D team, aiming to become a leading full-stack robotic solutions provider for the 3C manufacturing sector. With rich global manufacturing scenarios and data reserves, the Company is currently focused on industrial wheeled robots that boost production efficiency. It delivered data collection robots at scale in 2025 and expanded customer coverage in home cleaning robots. Management noted that cleaning robot shipments reached the 1-million-unit level, with doubling growth expected in 2026. The Company is also developing humanoid robots: it completed debugging of its first self-developed biped robot and plans a second generation based on NVIDIA’s Thor platform. Additionally, Huaqin provides mass manufacturing services to multiple robotics firms, expanding capacity and delivery capabilities to refine its robotics ecosystem. In intelligent driving business, Huaqin has built full-stack automotive-grade R&D capabilities covering hardware, software, HMI and testing, alongside a specialized and large-scale automotive-grade manufacturing center. It has achieved key breakthroughs and mass delivery across core product lines including intelligent cabin, ADAS, body domain and display systems, and forged deep partnerships with numerous traditional automakers, new energy vehicle makers and overseas clients. Management expects this business to double again in 2026, targeting RMB 10 billion in revenue and profitability over the next 3–5 years. In AI hardware business, the Company offers comprehensive coverage of high-growth edge AI device categories: AI phones, AI PCs, smart wearables and XR devices. Across data centers, robotics, auto electronics and AI hardware, a clear path emerges: Huaqin is not entering unrelated new industries — it is repeatedly deploying the same core capability system. This may well be the real reason Huaqin can keep expanding its business scope amid the current AI wave. 26/03/2026 Dissemination of a Financial Press Release, transmitted by EQS News.The issuer is solely responsible for the content of this announcement.Media archive at www.todayir.com