停牌！千亿游戏龙头即将“摘帽”

Core Viewpoint - ST Huatuo has successfully applied to remove its risk warning and will resume trading under the name "Shiji Huatuo" starting November 12, 2025, following a series of corrective measures and financial adjustments [2][4][9]. Group 1: Company Actions and Financial Adjustments - ST Huatuo was placed under risk warning due to false records in its annual reports from 2018 to 2022, including issues related to goodwill and fictitious software copyright transactions [6]. - The company has undertaken a series of rectifications over the past year, including adjustments to its financial statements for 2018 to 2022, which were approved by the board on April 28, 2025 [6][7]. - An audit report from Daxin Accounting Firm confirmed the corrections made to the financial statements from 2018 to 2023 [7]. Group 2: Performance and Growth - Despite the risk warning, ST Huatuo reported impressive performance in 2025, with Q3 revenue surpassing 10 billion yuan, reaching 10.016 billion yuan, a year-on-year increase of 60.19% [11]. - The net profit for Q3 was 1.701 billion yuan, showing a significant year-on-year growth of 163.78% [11]. - For the first three quarters of 2025, the total revenue reached 27.223 billion yuan, exceeding the total revenue for the previous year, with a net profit of 4.357 billion yuan, up 141.65% year-on-year [11]. Group 3: Business Expansion and Innovation - The substantial growth in ST Huatuo's performance is attributed to its successful overseas gaming business, particularly the strong performance of its subsidiary, Diandian Interactive [11]. - The game "Whiteout Survival" has become a global hit, with over 200 million downloads and has topped the charts in both China and globally [11]. - The company is also actively exploring AI technology integration within its operations, with initiatives to enhance AI-driven operational risk management and content innovation [12].