Group 1 - The company experienced a significant stock price increase of over 20%, reaching HKD 68.15, marking the highest level since July 2021, with a trading volume of nearly HKD 5 billion [1] - The company announced an earnings upgrade, projecting revenue of no less than HKD 3.05 billion for the first half of 2025, representing a year-on-year growth of approximately 37%, and a net profit of no less than HKD 790 million, reflecting a year-on-year increase of about 215% [1][3] Group 2 - The board attributed the expected increase in performance to several factors: strong performance of self-developed games such as "Ragnarok M: Classic," "Heartopia," and "Torchlight: Infinite," which drove revenue growth and improved gross margins [3] - Despite stable year-on-year average monthly active users, the company recorded continuous growth in revenue and profit for TapTap, driven by improvements in advertising algorithms and increased user engagement [3] - The positive impacts were partially offset by revenue declines from certain existing games and increased performance-based compensation [3]

Group 1 - The core viewpoint of the article highlights the significant stock price increase of Xindong Company, which rose by 20.7% to 68.5 HKD per share, with a trading volume of 663 million HKD [1] - Xindong Company focuses on the research and innovation of games, aiming to create engaging and innovative gaming experiences through technology and art [1] - The company also emphasizes entertainment services, prioritizing user needs to build an equitable and pure gaming community along with a high-quality comprehensive entertainment experience [1] Group 2 - As of the 2024 annual report, Xindong Company reported total revenue of 5.012 billion RMB and a net profit of 812 million RMB [2] - A forecast for the mid-2025 report indicates an expected profit increase to approximately 789.4 million RMB, representing a year-on-year growth of 215% [3]

本文源自：金融界AI电报 心动公司(2400.HK)盘初大涨超20%，报68.15港元，股价创2021年7月以来新高，截至目前成交额放大至 近5亿港元。消息面上，公司昨晚发盈喜，预计2025年上半年收入不少于30.5亿元，同比增长约37%； 预计净利润不少于7.9亿元，同比增加约215%。 董事会认为上述预期增加主要是由于以下原因所致：(i) 自研游戏《仙境传说M：初心服》(Ragnarok M: Classic)、《心动小镇》(Heartopia)及《火炬之光：无 限》(Torchlight：Infinite)表现强劲，推动公司的收入增长，进而改善毛利率；(ii)尽管APP平均月活跃用 户同比维持大致稳定，但受广告算法的改进及用户参与度提升所带动，TapTap于收入及利润方面均录得 持续增长；但(iii)部分被(a)若干现有游戏的收入减少及(b)绩效挂钩薪酬增加造成的影响所抵销。 ...

心动有限公司是一家主要致力于研发与创新游戏的公司，旨在通过科技和艺术打造有趣且富有创新性的 游戏。同时，公司也专注于娱乐服务，关注用户需求，致力于打造平等、纯粹的游戏社区与优质的综合 娱乐体验。 作者：行情君 8月4日，预计2025年中报业绩预增，溢利约7.9亿人民币至7.894亿人民币，同比增长215%。 8月5日，心动公司(02400)盘中上涨11.1%，截至09:30，报63.05元/股，成交7141.61万元。 本文源自：金融界 截至2024年年报，心动公司营业总收入50.12亿元、净利润8.12亿元。 ...

（文章来源：每日经济新闻） 每经AI快讯，8月5日，截至发稿，心动公司(02400.HK)涨8.55%、中旭未来(09890.HK)涨1.04%、哔哩哔 哩-W(09626.HK)涨0.74%。 ...

Core Viewpoint - The report from CICC indicates an upward revision of the net profit forecast for Xindong Company (02400) for 2025 and 2026 by 66% and 81% to 1.65 billion and 1.95 billion yuan respectively, reflecting a strong performance from TapTap and better-than-expected game results [1] Group 1: Financial Performance - The company forecasts a revenue of no less than 3.05 billion yuan for the first half of 2025, representing a year-on-year increase of over 37% [1] - The net profit for the same period is expected to be no less than 790 million yuan, showing a year-on-year increase of over 215% [1] - The performance is better than both the company's and market's expectations, with a previous net profit estimate of 500 million yuan [1] Group 2: Game Performance and Releases - The revenue growth in the first half of 2025 is primarily driven by the games "Ragnarok M: Beginning" and "Heart Town," along with "Torchlight" improving gross margin levels [1] - For the second half of 2025, profit growth is expected from the anniversary celebration of "Heart Town" and the launch of "Iser" [2] - The core product "Ragnarok RO: Eternal Love" is set for its first round of testing in December 2025, with a pre-release already launched on TapTap [2] Group 3: TapTap Platform Development - TapTap has shown steady revenue growth in the first half of 2025, driven by improvements in advertising algorithms and increased user engagement [3] - The company aims to enhance its platform with new features and a desktop version, focusing on major game updates and user experience [3] - Future developments will include a mini-game platform and AI game creation tools [3]

Core Viewpoint - Xindong Company (02400) announced a positive earnings forecast, expecting significant revenue and profit growth for the first half of 2025, driven by strong performance from self-developed games [1] Financial Performance - The company anticipates revenue of no less than RMB 30.5 billion for the first half of 2025, representing an approximate 37% year-on-year increase [1] - Expected net profit is projected to be no less than RMB 7.9 billion, indicating a year-on-year increase of about 215% [1] Game Performance - The revenue growth is primarily attributed to the strong performance of self-developed games such as "Ragnarok M: Origin," "Xindong Town," and "Torchlight: Infinite" [1] - Despite stable year-on-year average monthly active users, TapTap has seen continuous growth in revenue and profit due to improvements in advertising algorithms and increased user engagement [1] Market Reaction - Following the earnings forecast, Xindong Company's stock opened over 8% higher, currently up 8.55% at HKD 61.6, with a trading volume of HKD 62.84 million [1] Future Outlook - The company is expected to focus on upcoming game releases, including "Iser" set to launch on September 25, "Xindong Town" for overseas markets, and the core product "RO2" scheduled for its first test in 2026 [1]

Core Viewpoint - Xindong Company (02400) announced a positive earnings forecast, expecting significant revenue and profit growth for the first half of 2025, driven by strong performance from self-developed games [1] Group 1: Financial Performance - The company anticipates revenue of no less than RMB 30.5 billion for the first half of 2025, representing a year-on-year increase of approximately 37% [1] - The expected net profit is no less than RMB 7.9 billion, reflecting a year-on-year increase of about 215% [1] Group 2: Game Performance - The revenue growth is primarily attributed to the strong performance of self-developed games such as "Ragnarok M: Origin," "Xindong Town," and "Torchlight: Infinite" [1] - Despite stable year-on-year average monthly active users, TapTap has seen continuous growth in revenue and profit due to improvements in advertising algorithms and increased user engagement [1] Group 3: Market Expectations - CICC noted that the company's earnings forecast exceeds both their and market expectations [1] - The company has solid profit margins from its games, with upcoming releases such as "Iser" on September 25, "Xindong Town" overseas, and the first test of the core product "RO2" in 2026 being key focus areas for the second half of the year [1]

Core Viewpoint - The company has raised its profit forecasts significantly for 2025 and 2026, reflecting better-than-expected performance from TapTap and game titles, leading to an upgraded target price and a maintained outperform rating [1][2]. Group 1: Profit Forecasts - The company has increased its net profit expectations for 2025 and 2026 by 66% and 81% respectively, reaching 1.65 billion and 1.95 billion yuan, corresponding to P/E ratios of 15x and 13x [1]. - The company anticipates a revenue of no less than 3.05 billion yuan for the first half of 2025, representing a year-on-year growth of over 37% [2]. - The net profit for the same period is expected to be no less than 790 million yuan, showing a year-on-year increase of over 215% [2]. Group 2: Game Performance - The solid performance in the first half of 2025 is attributed to titles such as "Ragnarok M: Beginners' Server," "Heart Town," and "Torchlight," which have driven revenue growth and improved gross margins [3]. - The second half of 2025 is expected to see profit growth from the anniversary celebration of "Heart Town" and the launch of "Iser" on September 25, with the international version performing better than market expectations [3]. Group 3: TapTap Growth - TapTap has shown steady revenue growth in the first half of 2025, driven by improvements in advertising algorithms and increased user engagement [4]. - The company plans to focus on significant updates for games and the development of a PC version of TapTap, which has already garnered a user base [4]. - Future initiatives include enhancing the TapTap mini-game platform and exploring AI-driven game development [4].

Group 1 - The company expects revenue in the first half of 2025 to be no less than RMB 3.05 billion, representing a year-on-year growth of approximately 37% [1] - Net profit is projected to be no less than RMB 790 million, with a year-on-year increase of about 215% [1] - The growth is primarily driven by strong performance of self-developed games such as "Ragnarok M: Beginners' Server," "Heart Town," and "Torchlight: Infinite," which have boosted revenue growth and improved gross margins [1] Group 2 - The TapTap platform has benefited from optimized advertising algorithms and increased user engagement, leading to sustained growth in revenue and profit [1] - However, these positive factors are partially offset by a decrease in revenue from existing games and an increase in performance-linked compensation [1]