OURPALM(SZ:300315) Zheng Quan Shi Bao Wang·2025-10-13 00:47Core Insights - The company has successfully completed a board restructuring, strengthening its governance foundation and continuing its "product + technology" dual-driven strategy to enhance its competitive advantage in the gaming market [1] Group 1: New Game Development - The company is focusing on new game reserves as a growth engine, targeting high-value and high-potential segments, with a "key breakthroughs and multiple developments" approach [2] - The SLG games "Code H" and "Code S" are in critical development stages, expected to support future revenue growth and are seen as potential core products following the "Miracle" series [2] - The lightweight game "Great Sage Hold On," launched in Q3 2023, has quickly achieved stable revenue, demonstrating the company's capabilities in casual gaming and enhancing its product matrix [2] Group 2: Product Matrix Construction - As of the first half of 2025, the company operates 19 game products, creating a multi-dimensional product matrix covering MMO, card games, SLG, and casual games [3] - The product matrix balances long-term revenue stability from heavy products and short-term revenue from casual games, effectively meeting diverse market demands [3] - The matrix is designed to cater to different user groups, enhancing the company's adaptability to the gaming market and creating a positive growth cycle [3] Group 3: Market Feedback and Future Outlook - The product matrix has shown strong resilience and growth potential, providing stable cash flow while new game reserves open up incremental opportunities [4] - The dual-driven model allows the company to withstand short-term market fluctuations with mature products while seizing opportunities in niche segments with new game launches [4] - As key new games like "Code H" and "Code S" approach their launch phases, the product matrix is expected to expand further, solidifying the company's leadership in high-quality development within the gaming industry [4]