CENTURY HUATONG(SZ:002602) Di Yi Cai Jing Zi Xun·2025-11-10 15:44Core Viewpoint - Century Huatong, the largest gaming company by market capitalization in A-shares, has received approval from the Shenzhen Stock Exchange to withdraw its other risk warnings, allowing its stock to resume trading under its original name and increase the daily price fluctuation limit from 5% to 10% [2][4]. Group 1: Company Actions and Financial Adjustments - The company was previously under risk warnings due to false financial reporting, including improper goodwill impairment testing and fictitious software copyright transaction revenues [5]. - To achieve the removal of risk warnings, Century Huatong has restated its financial reports for the relevant years and received an audit report from Da Xin Accounting Firm regarding prior accounting errors [5]. - As of November 10, the company has received 80 investor claims totaling approximately 73.16 million yuan, with all cases filed in the Shaoxing Intermediate People's Court [5]. Group 2: Stock Performance and Market Position - Despite being labeled "ST" last year, Century Huatong's stock price has increased significantly, with a year-to-date rise of over 200%, reaching 17.61 yuan per share and a total market capitalization of 130.8 billion yuan [6]. - The company's third-quarter revenue surpassed 10 billion yuan for the first time, reaching 10.02 billion yuan, a year-on-year increase of 60.2%, with a net profit of 1.7 billion yuan, up 163.8% [6]. - For the first three quarters of the year, Century Huatong's total revenue reached 27.22 billion yuan, exceeding the total revenue of the previous year [6]. Group 3: Game Performance and Industry Standing - The company's game "Whiteout Survival" has been a major success, leading the revenue charts for Chinese mobile games overseas for 15 consecutive months, with global revenue exceeding 3.5 billion USD (approximately 24.9 billion yuan) [7]. - Another game, "Kingshot," has also performed well, generating over 400 million USD (approximately 2.8 billion yuan) since its launch in February [7]. - According to SensorTower, Century Huatong's subsidiary, Diandian Interactive, ranks second in global revenue among Chinese mobile game publishers, only behind Tencent [7].