盛天网络游戏出海 半年净利增超11倍

Core Insights - The company reported a significant increase in revenue and net profit for the first half of 2025, with total revenue reaching 633 million yuan, a year-on-year growth of 17.23%, and a net profit of 52.3 million yuan, up 1186.02% [1][2] - The company's game export business has become a highlight, contributing to the overall growth and expansion of its operations [1][2] Financial Performance - In Q1 2025, the company achieved double growth in revenue and net profit, with a total revenue of 633 million yuan and a net profit of 52.3 million yuan [1] - The company's net cash flow from operating activities was approximately 762,200 yuan, reflecting a year-on-year increase of 100.66% [1] - The gross profit margin improved to 21.44%, an increase of 4.48 percentage points compared to the previous year [1] Business Segments - The game operation business generated approximately 91.65 million yuan in revenue, marking a year-on-year growth of 41.61% [2] - Revenue from online advertising and value-added services reached about 498 million yuan, with a year-on-year increase of 17.52% [2] - The company has actively expanded its overseas game market, leading to significant growth in game export revenue [2] Product Highlights - The company's self-developed game "Star Wings," featuring a crossover with the classic IP "Frame Arms Girl," topped the Steam sales chart in Japan in April 2025 and launched on Epic Games in July [2] - The game has seen over 80% of its revenue coming from overseas markets [2] - The independent game "Huo Xia Chuan," managed by the company's Paras studio, achieved high acclaim and sales, reaching the top 2 on Steam within two hours of launch and ranking among the top seven in Korea [2]