
Core Viewpoint - ST Kevin reported a revenue of 273 million RMB for the first half of 2025, marking a year-on-year increase of 14.37%, driven by the successful launch of new game products [1] Group 1: Financial Performance - The company achieved a revenue of 273 million RMB, reflecting a 14.37% increase compared to the previous year [1] - The growth was attributed to the active iteration and launch of new game products, which contributed to incremental revenue [1] Group 2: Market Strategy and Operations - ST Kevin continued to deepen its market layout and optimize product structure in the gaming sector, achieving steady operational growth despite intensified competition [1] - The company is focusing on innovative business models and has made significant progress in its operational strategies [1] Group 3: Shareholder Composition - The top ten shareholders of ST Kevin include seven well-known "bull teams," indicating potential market movements [1][6] - Notable shareholders include Wei Wei and members of the "bull team F4," who have a history of collaborative investments [2][4] - The presence of these influential shareholders may impact the future market performance of ST Kevin [6] Group 4: Future Prospects - Upcoming highlights for ST Kevin include the release of games like "World of the Veil" and "All-Star Awakening," which are set to be published by Tencent [6] - The company plans to apply for the removal of its ST designation in December, which could enhance its market perception [6] - The general manager, He Xiaowei, has acquired a 5% stake from the controlling shareholder, indicating confidence in the company's future [6]