
Core Viewpoint - ST华通's performance in the first half of 2025 has seen significant growth, driven by the success of its flagship games, particularly "Endless Winter" and "Kingshot" [1][2] Group 1: Financial Performance - The company expects to achieve approximately 17 billion yuan in revenue for the first half of 2025, representing a year-on-year growth of about 83.27% [1] - The projected net profit attributable to shareholders is between 2.4 billion yuan and 3 billion yuan, indicating a year-on-year increase of 107.20% to 159.00% [1] - The non-recurring net profit is estimated to be between 2.39 billion yuan and 2.7 billion yuan, reflecting a growth of 107.41% to 134.31% year-on-year [1] Group 2: Business Performance - The strong performance of the subsidiary, Diandian Interactive, has been a key driver of revenue growth, with both domestic and overseas income showing steady growth [1] - Diandian Interactive's flagship products, "Endless Winter" and "Kingshot," have been crucial in supporting ST华通's overall performance [1] - Other games under Diandian Interactive, such as "Dragonscapes Adventure," "Family Farm Adventure," "Frozen City," and "High Seas Hero," are also expanding their market share globally [2] Group 3: Market Position and Stock Performance - Diandian Interactive has risen to the second position in the "2025 H1 China Mobile Game Publisher Revenue TOP 80" list, only behind Tencent [2] - The strategy of focusing on core IP operations by Shengqu Games has shown positive results, with "Legend New Hundred District - Alliance Heavy Soldier" becoming the highest estimated daily revenue new product in the legendary category [2] - ST华通's stock has seen a remarkable increase of nearly 300% since the low in September 2024, making it the highest market value ST company in the two markets [2]