智通财经网·2026-01-12 08:29Core Viewpoint - The report from Guojin Securities indicates that the self-developed life simulation game "Heartopia" by Xindong Company is performing well internationally, ranking in the top 200 of the Apple Store free charts in over 100 countries/regions as of January 11, 2026. The projected net profit for the years 2025, 2026, and 2027 is estimated at 1.704 billion, 2.119 billion, and 2.553 billion respectively, with corresponding PE ratios of 20.16, 16.21, and 13.45 times, maintaining a "buy" rating [1]. Group 1 - "Heartopia" international version shows impressive initial download data, ranking first in the Apple Store free charts in Japan, South Korea, France, Thailand, and other countries, and within the top 20 in Germany, the USA, and Canada, totaling 108 countries/regions in the top 200. The cumulative download on Google Play exceeds 1.6 million, with approximately 1 million downloads on the Apple Store, leading to an estimated total of over 3 million downloads when including PC downloads [2]. - The user base of "Heartopia," which emphasizes social interaction, is crucial for its long-term commercialization performance. The strong initial download data supports a solid foundation for the product's long-term operation [2]. Group 2 - The game's content is expected to spread on social media platforms, further expanding its user base. As of January 11, the Discord server had over 280,000 members, TikTok followers increased from 88,000 to over 198,000, and Instagram followers rose from 44,000 to 116,000. The continuous rise in social media presence and user-generated content (UGC) is anticipated to enhance the game's visibility and attract more players [3]. - The international version of "Heartopia" is projected to surpass the domestic version in terms of active users and annual revenue, becoming the company's top revenue-generating game. This growth is supported by the user base trends and the potential of other long-lasting games like "Torchlight: Infinite" [4].