CENTURY HUATONG(SZ:002602) Zheng Quan Shi Bao Wang·2025-10-30 11:20Core Insights - Century Huatong reported a strong performance in Q3 2025, achieving revenue of 10.016 billion yuan, a year-on-year increase of 60.19%, and a net profit attributable to shareholders of 1.701 billion yuan, up 163.78% [1] - The company’s total revenue for the first three quarters of 2025 reached 27.223 billion yuan, a 75.31% increase year-on-year, surpassing the total revenue for the entire year of 2024 [1] - The growth in revenue and profit is primarily attributed to the rapid expansion of overseas gaming business and steady growth in domestic gaming [1] Financial Performance - Q3 2025 revenue: 10.016 billion yuan, +60.19% YoY [1] - Q3 2025 net profit: 1.701 billion yuan, +163.78% YoY [1] - Q3 2025 non-net profit: 1.707 billion yuan, +171.27% YoY [1] - 2025 YTD revenue: 27.223 billion yuan, +75.31% YoY [1] - 2025 YTD net profit: 4.357 billion yuan, +141.65% YoY [1] - 2025 YTD non-net profit: 4.294 billion yuan, +140.98% YoY [1] - Operating cash flow: 6.278 billion yuan, +81.33% YoY [1] Product Performance - The global downloads of the hit product "Whiteout Survival" exceeded 200 million, maintaining the top position in China's mobile game overseas revenue chart for 15 consecutive months [1] - The new 4X strategy mobile game "Kingshot" has also performed well, ranking high in iOS game charts globally [2] - Domestic mobile games like "Endless Winter" and "Dragon Valley World" have shown strong performance, with "Endless Winter" consistently in the top 5 of WeChat mini-games [2] Strategic Initiatives - Century Huatong is exploring diverse gaming avenues with new products like "Tasty Travels: Merge Game" and "Truck Star" to create future growth points [2] - The company is enhancing its AI capabilities, with initiatives to integrate AI into management and business practices, including the establishment of an AI Development and Management Committee [3][4] - The focus on classic IPs and new game development is aimed at engaging core user groups through innovative gameplay and emotional connections [3]