CENTURY HUATONG(SZ:002602) Di Yi Cai Jing·2025-11-10 14:49Core Viewpoint - Century Huatong is set to lift its stock risk warning and resume trading on November 12, 2023, following a year of recovery from regulatory penalties related to financial misstatements [3][4]. Group 1: Stock and Regulatory Changes - Century Huatong will be suspended for one day on November 11, 2023, and will resume trading on November 12, 2023, with its stock name changing from "ST Huatong" back to "Century Huatong" [3]. - The removal of risk warnings will increase the daily trading limit from 5% to 10% [3]. - The company had previously faced penalties from the China Securities Regulatory Commission for issues including improper goodwill impairment testing and fictitious software copyright transaction revenues [3]. Group 2: Financial Performance - Century Huatong's stock price has increased significantly, from 5.13 CNY per share at the time of the penalty announcement to 17.61 CNY per share at the time of the delisting of risk warnings, resulting in a market capitalization increase from 38.23 billion CNY to 130.8 billion CNY [4]. - The company reported a record quarterly revenue of 10.02 billion CNY for Q3, a year-on-year increase of 60.2%, with a net profit of 1.7 billion CNY, up 163.8% [4]. - For the first three quarters of the year, total revenue reached 27.22 billion CNY, surpassing the total revenue for the previous year [4]. Group 3: Game Performance - The game "Whiteout Survival," developed by Century Huatong's subsidiary, has generated over 3.5 billion USD (approximately 24.9 billion CNY) in global revenue, leading the overseas mobile game revenue charts for 15 consecutive months [5]. - Another game, "Kingshot," has also performed well, accumulating over 400 million USD (approximately 2.8 billion CNY) in revenue since its launch in February [5]. - According to SensorTower, Century Huatong's subsidiary ranks second in global revenue among Chinese mobile game publishers, only behind Tencent [6].