FEIYU(HK:01022) Zhi Tong Cai Jing·2025-08-18 07:24Core Viewpoint - Feiyu Technology (01022) has seen its stock price increase by over 120% since July, with a current rise of 18.75% to HKD 0.57, and a trading volume of HKD 15.09 million [1] Financial Performance - The company anticipates a post-tax net profit of approximately RMB 55 million to 70 million for the first half of 2025, following a projected post-tax net loss of about RMB 2 million for the first half of 2024 [1] - The significant increase in revenue is attributed to the upcoming game "One Step Two Steps," which is set to launch in the second half of 2024 and enter its revenue recovery phase in the first half of 2025 [1] - The company expects to recognize investment income of approximately RMB 300,000 to 1 million from a non-listed limited partnership during this period, contrasting with an anticipated investment loss of RMB 11.6 million in the first half of 2024 [1] Industry Insights - According to CICC, the rapid expansion of the domestic mini-game market in 2023 has attracted more developers, leading to the emergence of several excellent mini-game products [1] - There is a global trend favoring lightweight gameplay, which forms the basis for mini-game expansion abroad, as low barriers to entry and positive feedback align with current global user entertainment demands [1] - The lightweight gaming sector currently faces low competition, providing medium-sized companies with opportunities for overseas expansion, leveraging years of experience in user acquisition and localized operations to enhance product popularity [1]