CENTURY HUATONG(SZ:002602) Zhong Guo Jing Ying Bao·2025-04-30 03:40Core Insights - Century Huatong reported record revenue and profit growth in 2024, with revenue reaching 22.619 billion yuan, a year-on-year increase of 70.27%, and net profit of 1.213 billion yuan, up 131.51% [1][2] - The company aims to embrace AI technology and enhance its profitability and market competitiveness while accelerating the construction of intelligent computing infrastructure [1][7] Financial Performance - In 2024, Century Huatong achieved a revenue of 22.619 billion yuan, a 70.27% increase year-on-year, and a net profit of 1.213 billion yuan, reflecting a 131.51% growth [2] - The first quarter of 2025 continued this upward trend, with revenue of 8.145 billion yuan, up 91.12%, and net profit of 1.35 billion yuan, an increase of 107.2% [1][6] Business Segments - The internet gaming segment generated 20.966 billion yuan in revenue in 2024, marking an 85.94% increase, driven by strategic restructuring and a dual-core approach in domestic and international markets [3][4] - Point Interactive, a subsidiary, reported significant growth with revenues of approximately 15 billion yuan, a 155% increase, contributing nearly 70% to Century Huatong's total revenue [3][4] Market Expansion - Century Huatong's overseas revenue reached 11.367 billion yuan in 2024, accounting for 50.26% of total revenue, showcasing strong international market performance [3][4] - The company is focusing on expanding its gaming portfolio and has seen success with titles like "Whiteout Survival," which surpassed 100 million downloads globally [4] Future Strategy - The company plans to focus on three strategic areas: "Digital Culture," "Digital Infrastructure," and "Technology Empowerment," aiming to become a leader in digital technology [5] - Century Huatong is investing in AI technology across its gaming development and operations, significantly improving art production efficiency by 60%-80% [6][7]