FRIENDTIMES(HK:06820) Ge Long Hui·2026-02-11 08:40Core Viewpoint - The company, Friendship Time (06820.HK), anticipates a significant increase in revenue and profit for the fiscal year ending December 31, 2025, indicating a positive outlook for its financial performance [1] Financial Performance - The expected revenue is approximately RMB 1,220 million to RMB 1,260 million, representing a year-on-year growth of about 4.9% to 8.4% [1] - The projected profit is around RMB 90 million to RMB 96 million, marking a turnaround from loss to profit with a year-on-year increase of approximately 284.2% to 296.5% [1] Revenue Growth Drivers - The revenue growth is primarily attributed to the sustained performance of existing game products, notably "Dulala Promotion," "Lingyun Nuo," and "Xifei Chuan" [1] - Positive progress in exploring new market segments has also contributed to revenue growth [1] Profitability Improvement Factors - The turnaround to profitability is driven by an increase in overall revenue scale [1] - A higher proportion of high-margin channel income has led to an increase in gross margin [1] - Continuous optimization of operational efficiency through meticulous cost and expense management has been effective, with controlled R&D and sales expense ratios [1] - The deep application of AI across various processes, including product planning, content development, R&D testing, distribution operations, and marketing, has enhanced work efficiency [1] New Game Releases - The new game "Flower and Scarlet Imagination" has launched on both app and mini-game platforms in January 2026, along with the mini-game version of "Ink Sword Jianghu" [2] - Current market feedback for these new releases has been positive, with "Flower and Scarlet Imagination," "Ink Sword Jianghu," and "Dulala Promotion" all entering the top 100 best-selling list on WeChat mini-games [2] - "Dulala Promotion" has reached the top 10 on Douyin mini-games, while "Ink Sword Jianghu" is in the top 50 [2] Game Development Pipeline - The company has several games in development, including "Code Name: Lover," "Code Name: FPJ," "Code Name: KT," and "Code Name: MX," which are currently undergoing testing [2]