Core Viewpoint - The company reported a significant decline in revenue and an increase in losses for the first half of 2025, attributed to various factors including the performance of new game launches and the expiration of successful game IPs [1] Financial Performance - The company achieved revenue of RMB 763 million, a year-on-year decrease of 38.13% [1] - The loss attributable to the parent company was RMB 639 million, an increase of 170.32% year-on-year [1] Game Performance - The newly launched mini-game "Spring and Autumn Mysteries" performed well, gaining market and player recognition [1] - The company successfully launched several major IP games overseas, including "Battle Through the Heavens: Unmatched," "Douluo Continent: Shrek Academy," and "Douluo Continent: Time Reversal," leading to a significant increase in overseas revenue [1] - However, the new games "Three Thousand Fantasy Worlds" and "Daily Life of Chat Groups" did not meet revenue expectations after their launch [1] - The recently launched game "New Three Kingdoms: Cao Cao's Biography" achieved good rankings but did not contribute significantly to revenue due to its short launch period within the reporting timeframe [1] - The expiration of the IP authorization for the successful game "The Legend of the Condor Heroes: Iron Blood and Heart" resulted in no revenue generation during the reporting period, as the operation was terminated in 2024 after friendly negotiations with the partner [1]

Core Viewpoint - The company reported a significant decline in revenue and an increase in losses for the first half of 2025, attributed to various factors including the performance of new game launches and the expiration of a successful IP license [1] Financial Performance - The company achieved revenue of RMB 763 million, representing a year-on-year decrease of 38.13% [1] - The loss attributable to the parent company was RMB 639 million, an increase of 170.32% year-on-year [1] Game Performance - The newly launched mini-game "Spring and Autumn Mysteries" performed well, gaining market and player recognition [1] - The company successfully launched several major IP games overseas, including "Battle Through the Heavens: Unmatched," "Douluo Continent: Shrek Academy," and "Douluo Continent: Time Reversal," which significantly boosted overseas revenue [1] - However, the new games "Three Thousand Fantasy Worlds" and "Daily Life of Chat Groups" did not meet revenue expectations after their launch [1] - The recently launched game "New Three Kingdoms: Cao Cao's Biography" achieved good rankings but did not contribute significantly to revenue due to its short launch period within the reporting timeframe [1] - The expiration of the IP license for the previously successful game "New Legend of the Condor Heroes: Blood and Heart" led to its termination in 2024, resulting in no revenue generation during the reporting period [1]

Core Insights - The company reported a significant revenue of RMB 763 million for the first half of 2025, but faced a net loss of RMB 638 million primarily due to high marketing costs for new games and one-time restructuring expenses [1] - Despite short-term challenges, the company's strategic adjustments have shown positive results, with operating cash flow turning positive at RMB 108 million, laying a solid foundation for the second half of the year [1] Revenue Breakdown - Overseas business revenue reached RMB 235 million, a year-on-year increase of 33.2%, with its share of total revenue rising from 14.1% to 30.8%, becoming a key driver of growth [2] - The success of new games like "斗破苍穹：無雙" and "牛头人GO" in various markets has demonstrated the strong appeal of top-tier IPs in overseas markets [2] Mini Games Performance - The mini games segment has emerged as a significant growth driver, with "春秋玄奇" generating over RMB 100 million in revenue within three months of launch, climbing from 24th to 10th in the WeChat game sales ranking [4] - As of June 30, 2025, the company had 42.82 million new registered users, with an average of 1.1573 million monthly active users and 833,000 monthly paying users [4] IP Game Development - The company continues to expand its IP game portfolio, launching several new titles in mainland China, including "三千幻世" and "新三国志曹操传," which have received positive feedback from players [6] - The "仙剑奇侠传" IP has seen a revenue increase of 134.8% to RMB 33.1 million, with various activities planned to celebrate its 30th anniversary [10][11] Future Outlook - The company has a robust product pipeline for the second half of 2025, including new titles like "代号：暗夜传奇" and "城主天下," which are expected to continue driving growth [8] - The company is also exploring Web3 opportunities, including the integration of its IP into real-world assets and the development of decentralized gaming platforms [16]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完 整性亦不發表任何聲明，並明確表示，概不就因本公告全部或任何部分內容而產生或因倚賴該等內 容而引致的任何損失承擔任何責任。 CMGE Technology Group Limited 中手游科技集 團 有限公司 （於開曼群島註冊成立的有限公司） （股份代號：0302） 截 至 2025 年 6 月 30 日止六個月 中期業績公告 中手游科技集團有限公司（「本公司」，連同其附屬公司及在中華人民共和國（「中 國」）的合併營運實體，統稱「本集團」）董事（「董事」）會（「董事會」）欣然公佈本集團 截至2025年6月30日止六個月（「報告期間」）的未經審核綜合中期業績。本報告期間 之中期業績已由本公司之審核委員會（「審核委員會」）審閱。 財務摘要 | | 截至6月30日止六個月 | | | --- | --- | --- | | | 2025年 | 2024年 | | | 人民幣千元 | 人民幣千元 | | | （未經審核） | （未經審核） | | 收益 | 763,034 | 1,233,336 | | 期內虧損 | (644,2 ...

Core Viewpoint - Zhongshouyou (00302) has issued a profit warning, expecting a loss of no more than RMB 650 million for the six months ending June 30, 2025, compared to a net loss of RMB 241 million in the same period last year, indicating a significant increase in losses due to underperformance of its flagship game and rising expenses [1] Financial Performance - The company anticipates a loss of up to RMB 650 million for the upcoming six-month period [1] - Last year's net loss for the same period was RMB 241 million, highlighting a substantial deterioration in financial performance [1] Revenue Impact - Revenue is expected to decrease by approximately 40% following the underperformance of the self-developed flagship game "Xianjian World" [1] Expense Analysis - There has been an increase in non-operating expenses, contributing to the overall financial strain [1] - Sales and distribution expenses have significantly increased, further impacting the company's profitability [1]

Core Viewpoint - The company, Zhongyou Game (00302), has issued a profit warning, anticipating a significant increase in losses for the upcoming half-year period, leading to a sharp decline in its stock price by over 15% [1] Financial Performance - The company expects a loss of no more than RMB 650 million for the six months ending June 30, 2025, compared to a net loss of RMB 241 million in the same period last year [1] - The anticipated loss represents an increase of approximately 169% year-on-year [1] Revenue and Expenses - Revenue is expected to decrease by about 40% due to the underperformance of the self-developed flagship game "Xianjian World" [1] - There has been an increase in non-operating expenses and a significant rise in sales and distribution costs [1]

Group 1 - The company expects a net loss of no more than 650 million RMB in the first half of 2025, with overall revenue projected to decrease by approximately 40% compared to the same period last year [2] - The primary reasons for the decline in performance include the underwhelming performance of the self-developed game "Xianjian World" after its release, a year-on-year drop in domestic revenue, and an increase in non-operating expenses, mainly due to the write-off of prepaid game licensing fees and losses in the fair value of financial assets [2] - There has been a significant increase in sales and distribution expenses, primarily for the marketing and promotion of "Xianjian World" and new game launches [2]

Group 1 - The company, Zhongshouyou (00302.HK), expects to incur a net loss of no more than RMB 650 million for the six months ending June 30, 2025 [1] - For the six months ending June 30, 2024, the company reported a net loss of RMB 241 million [1]

Core Viewpoint - The company, Zhongshouyou, anticipates a net loss of no more than RMB 650 million for the six months ending June 30, 2025, following a net loss of RMB 241 million for the six months ending June 30, 2024 [1] Group 1: Performance Overview - The decline in performance is attributed to several factors, including a significant drop in revenue from domestic operations compared to the same period in 2024, despite substantial growth in overseas business revenue [2] - The revenue for the six months ending June 30, 2025, is expected to decrease by approximately 40% compared to the same period in 2024 [2] Group 2: Expense Analysis - Non-operating expenses for the six months ending June 30, 2025, have increased compared to the same period in 2024, primarily due to the write-off of prepaid licensing fees for games that have not yet launched and increased fair value losses on financial assets [2] - Sales and distribution expenses have significantly increased, mainly due to extensive marketing efforts for the flagship game "Xianjian World" and promotional costs associated with the release of new games such as "Chunqiu Xuanqi" [2]

Core Viewpoint - The company expects a net loss of no more than RMB 650 million for the six months ending June 30, 2025, following a net loss of RMB 241 million for the same period in 2024, primarily due to underperformance of its flagship game and increased expenses [1] Group 1: Financial Performance - The revenue for the six months ending June 30, 2025, is expected to decrease by approximately 40% compared to the same period in 2024, despite significant growth in overseas business revenue [1] - The net loss for the six months ending June 30, 2024, was RMB 241 million [1] Group 2: Contributing Factors - The underperformance of the self-developed flagship game "Xianjian World," released in February 2025, and a decline in revenue generated from the domestic market contributed to the expected loss [1] - Non-operating expenses for the six months ending June 30, 2025, increased due to the write-off of prepaid licensing fees for games not yet launched and increased fair value losses on financial assets [1] - Sales and distribution expenses significantly increased due to extensive marketing for "Xianjian World" and promotional costs for new game releases such as "Chunqiu Xuanqi" [1]