CENTURY HUATONG(SZ:002602) 第一财经·2026-01-30 02:15Core Viewpoint - Century Huatong (002602.SZ), a leading player in the A-share gaming sector, forecasts significant growth in revenue, profit, and cash flow by 2025, with net profit expected to increase by up to 475% year-on-year [2][3]. Financial Performance - The projected net profit for 2025 is estimated to be between 5.55 billion and 6.98 billion yuan, representing a year-on-year growth of 357.47% to 475.34% [3]. - The net profit after deducting non-recurring gains and losses is expected to be between 5.8 billion and 6.33 billion yuan, indicating a growth of 252.97% to 285.22% compared to the previous year [3]. - Basic earnings per share are projected to be between 0.77 yuan and 0.97 yuan, up from 0.17 yuan in the previous year [3]. Product Performance - The past two years have been significant for Century Huatong, launching multiple hit products, including the phenomenon-level game "Whiteout Survival," which has seen renewed success three years post-launch [4]. - The new hit game "Kingshot" ranks third in the Chinese mobile game overseas market, while "Tasty Travels: Merge Games" has entered the top 15 [4]. - According to Sensor Tower, Century Huatong's subsidiary, Diandian Interactive, ranks second in global revenue among mobile game publishers, surpassing major competitors like NetEase and miHoYo, with a projected global revenue growth of 87% in 2025 [4]. Market Position - As of January 29, Century Huatong's stock price increased by approximately 1% to 18.86 yuan per share, with a total market capitalization of 139 billion yuan, making it the highest-valued gaming company in the A-share market [6]. - The stock price has risen from 5 yuan to 17 yuan per share, reflecting a cumulative increase of about 240% [6]. - The gaming industry in China is experiencing intensified competition, with resources increasingly concentrating among leading firms, yet companies with blockbuster products continue to thrive [7].