CENTURY HUATONG(SZ:002602) Xin Lang Cai Jing·2025-10-31 11:48Core Insights - Century Huatong's Q3 revenue exceeded 10 billion yuan for the first time, marking a year-on-year growth of 60.19% [1] - The company reported a net profit of 1.701 billion yuan, up 163.78% year-on-year, with core financial metrics reaching historical highs [1] - The overseas gaming business is a significant growth driver, with the game "Whiteout Survival" achieving over 200 million downloads and topping global mobile game revenue charts [1] Financial Performance - Q3 revenue reached 10.016 billion yuan, with a net profit of 1.701 billion yuan and a non-GAAP net profit of 1.707 billion yuan [1] - For the first three quarters, total revenue was 27.223 billion yuan, surpassing last year's total, with a net profit of 4.357 billion yuan [1] - Operating cash flow increased by 81.33% to 6.278 billion yuan, indicating strong financial health [1] Domestic Gaming Business - The mobile game segment shows robust growth, with titles like "Endless Winter" consistently ranking in the top 5 of popular game lists [2] - New releases such as "Dragon Valley World" and "Bouncing Kingdom" have also performed well, contributing to the overall growth [2] - Classic IPs are being revitalized, with several remakes and new titles in development, indicating a strong pipeline for future releases [2] Strategic Direction - By H1 2025, mobile game revenue is expected to account for 88.69% of the internet gaming business, with overseas revenue approaching 9 billion yuan [3] - The company is shifting its revenue focus towards mobile and international markets, differentiating itself from traditional PC game companies [3] - The gaming industry is evolving towards globalization and mobile platforms, with a growing emphasis on cross-market operational capabilities and product innovation [3]