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电魂网络三股东拟减持背后:《梦三国》独力难撑,上半年由盈转亏
Guo Ji Jin Rong Bao· 2025-09-29 13:07
Group 1 - The core point of the news is that multiple shareholders and executives of Dianhun Network plan to reduce their holdings due to personal financial needs, amidst the company's declining performance [1][2] - The company reported a significant drop in revenue and net profit over the years, with revenue decreasing from 10.24 billion in 2020 to 5.51 billion in 2024, and net profit dropping from 3.95 billion to 305.8 million in the same period [2][3] - The decline in performance is attributed to the decreasing revenue and user engagement of its core product, the online game "Dream of Three Kingdoms," which has seen a drop in both its revenue and active user base [3][6] Group 2 - The company has faced scrutiny from the Shanghai Stock Exchange regarding its reliance on "Dream of Three Kingdoms" for revenue, which has raised concerns about its sustainability [4] - The latest financial report indicates that in the first half of 2025, the company's revenue fell by 28.69% to 1.94 billion, resulting in a net loss of 9.34 million, a significant decline from a profit of 59.31 million in the same period last year [6][7] - Despite attempts to diversify its product offerings, such as launching mobile versions and new games, the company has not successfully established a new revenue-generating product, with "Dream of Three Kingdoms" still accounting for 65.27% of total revenue [7]
电魂网络三股东拟减持背后:《梦三国》独力难撑,上半年由盈转亏……
Guo Ji Jin Rong Bao· 2025-09-29 12:36
Core Viewpoint - The announcement of share reduction by executives and shareholders of Dianhun Network highlights the company's ongoing financial struggles, marked by declining revenues and profits, particularly from its flagship game "Dream of Three Kingdoms" [1][2][3] Group 1: Share Reduction Announcement - Dianhun Network's executives, including Director Yu Xiaoliang, Secretary Zhang Jiliang, and CFO Wu Xiaojun, plan to reduce their shareholdings due to personal financial needs, with reductions amounting to 391.81 million shares (1.61% of total shares), 22,500 shares (0.01%), and 25,000 shares (0.01%) respectively [1] - The reduction period is set from October 29, 2025, to January 28, 2026, with prices determined by market conditions [1] Group 2: Financial Performance - Dianhun Network has experienced a continuous decline in performance, with revenues dropping from 10.24 billion yuan in 2020 to 5.51 billion yuan in 2024, and net profits decreasing from 3.95 billion yuan to 305.8 million yuan in the same period [2][6] - The company reported a net loss of 9.34 million yuan in the first half of 2025, a significant decline from a profit of 59.31 million yuan in the same period the previous year, attributed to reduced game recharge income [6] Group 3: Product Dependency and Market Challenges - The core product "Dream of Three Kingdoms" has seen a decline in both revenue and user engagement, with monthly active users dropping to 566,400 (a 3.9% decrease) and monthly paying users down by 26.15% to 64,200 in 2024 [6][7] - The company has struggled to introduce new successful products, with attempts to launch mobile versions and other games yielding lackluster market responses, leaving "Dream of Three Kingdoms" as the primary revenue source, accounting for 65.27% of total revenue [7]