掌趣科技上半年营收、利润“双降”，董事长5月开始减持

Core Viewpoint - Beijing Zhangqu Technology Co., Ltd. reported a decline in both revenue and net profit for the first half of 2025, indicating continued pressure on its performance [1][2]. Financial Performance - The company achieved a revenue of 358 million yuan, a year-on-year decrease of 23.44% [2][3]. - The net profit attributable to shareholders was 48 million yuan, down 65.58% year-on-year, while the net profit excluding non-recurring items was 50 million yuan, a decrease of 57.72% [2][3]. - In Q2 2025, revenue was 196 million yuan, a year-on-year decline of 7.54% but a quarter-on-quarter increase of 20.93% [2]. - The net profit for Q2 was 20 million yuan, reflecting a year-on-year drop of 76.02% and a quarter-on-quarter decrease of 28.48% [2]. Cash Flow and Assets - The net cash flow from operating activities was -26 million yuan, compared to 47 million yuan in the same period last year, primarily due to reduced sales receipts [4]. - Total assets at the end of the reporting period were approximately 5.31 billion yuan, showing a slight decrease of 0.07% from the previous year [3]. - The net assets attributable to shareholders increased by 0.79% to approximately 4.90 billion yuan [3]. Game Business Performance - The gaming business generated 330 million yuan in revenue, a decline of 24.63% year-on-year [4]. - Key games include "One Punch Man: The Strongest Man" with revenue of approximately 108 million yuan, "The King of Fighters 98 Ultimate Match OL" with 59 million yuan, and "All-Miracle 2" with 48 million yuan [4]. - The company currently operates 19 games, focusing on the SLG segment and accelerating the development of new titles [5]. Shareholder Activity - The company's largest shareholder, Liu Huicheng, announced plans to reduce his holdings by up to 27.2 million shares due to personal financial needs [5]. - As of June 30, Liu Huicheng had already reduced his holdings by 3.3 million shares, maintaining a direct ownership of 6.13% [6][7].