Zhong Guo Jing Ji Wang·2025-05-13 06:20Industry Overview - In 2024, the actual sales revenue of China's gaming market is projected to be 325.783 billion yuan, representing a year-on-year growth of 7.53% [1] - The number of gaming users in China is expected to reach 674 million, with a year-on-year increase of 0.94% [1] - The actual sales revenue from domestically developed games is estimated at 260.736 billion yuan, showing a year-on-year growth of 1.70% [1] Company Performance - Century Huatong (002602) reported a total revenue of 22.620 billion yuan in 2024, marking a year-on-year increase of 70.27%, and a net profit of 1.213 billion yuan, up 131.51% [3] - In Q1 2025, Century Huatong achieved a revenue of 8.145 billion yuan, a growth of 91.12%, and a net profit of 1.350 billion yuan, increasing by 107.20% [3] - 37 Interactive Entertainment (002555) reported a total revenue of 17.441 billion yuan in 2024, with a year-on-year growth of 5.40%, and a net profit of 2.673 billion yuan, up 0.54% [4] - Perfect World (002624) experienced a significant decline in 2024, with total revenue of 5.570 billion yuan, down 28.50%, and a net loss of 1.288 billion yuan [2] - In Q1 2025, Perfect World reported a revenue of 2.023 billion yuan, a year-on-year increase of 52.22%, and a net profit of 302 million yuan, recovering from a loss in the previous year [3] Market Position - Century Huatong and 37 Interactive Entertainment remain the leading gaming companies in the A-share market, while Perfect World has become the only loss-making major gaming company [1][2] - Over half of the A-share gaming companies reported a decline in performance last year, highlighting a challenging environment for the industry [1]