FEIYU(HK:01022) 智通财经网·2025-08-18 07:23Core 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, driven by positive earnings expectations and significant revenue growth [1] Company Summary - Feiyu Technology anticipates a post-tax net profit of approximately RMB 55 million to 70 million in the first half of 2025, following a projected post-tax net loss of about RMB 2 million in the first half of 2024 [1] - The revenue growth is primarily 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 also expects to recognize investment income of approximately RMB 300,000 to 1 million from a non-listed limited partnership, while it recorded an investment loss of about RMB 11.6 million from the same partnership in the first half of 2024 [1] Industry Summary - The mini-game market in China has rapidly expanded in 2023, attracting more developers and resulting in the emergence of several high-quality mini-game products [1] - There is a global trend favoring lightweight gameplay, which forms the basis for mini-game expansion overseas, as low barriers to entry and positive feedback align with current user entertainment demands [1] - The lightweight gaming sector currently faces low competition, providing opportunities for medium-sized companies to expand internationally, leveraging their years of experience in overseas game marketing and localized operations to enhance product popularity [1]