Core Viewpoint - The auction of ST Huatuo shares concluded with notable interest, reflecting market expectations for the company's future despite its past challenges [2][4]. Group 1: Auction Details - The auction for approximately 22.62 million shares of ST Huatuo was won by investor Wei Wei for 279 million yuan, representing a 12.04% premium over the starting price of 249 million yuan [2]. - The shares were previously held by Shao Heng, a co-founder of ST Huatuo, whose shares were judicially frozen due to a loan dispute [2][4]. - The auction attracted three investors, but initial bidding was slow, with 31 bids and 24 extensions before Wei Wei emerged as the winner [2]. Group 2: Investor Profile - Wei Wei is known for his bold investment strategies and has a reputation for acquiring small-cap and ST stocks through judicial auctions [4]. - His public stock holdings exceeded 3 billion yuan across 27 listed companies as of the first quarter of 2025 [4]. - The shares acquired in this auction represent approximately 0.3% of ST Huatuo's total share capital, and Wei Wei will not be among the top ten shareholders post-transaction [4]. Group 3: Company Performance - ST Huatuo transitioned from automotive parts to a gaming giant, with a peak market value exceeding 100 billion yuan, but faced significant penalties for financial misconduct [5]. - In 2024, the company reported a total revenue of 22.62 billion yuan, a year-on-year increase of 70.27%, and a net profit of 1.213 billion yuan, up 131.51% [5]. - For the first half of 2025, ST Huatuo anticipates revenue between 17 billion and 30 billion yuan, reflecting a growth of 107.2% to 159% year-on-year [5]. Group 4: Subsidiary Performance - The strong performance of the subsidiary Diandian Interactive contributed significantly to ST Huatuo's revenue growth, with its flagship games performing well in both domestic and international markets [6]. - Diandian Interactive's game "Whiteout Survival" became a top revenue generator among Chinese mobile games overseas, while another title, "Kingshot," saw a 56% revenue increase in June [6]. Group 5: Data Center Business - ST Huatuo's data center business is progressing, with the Shanghai data center achieving profitability and the Shenzhen data center still under construction [7]. Group 6: Stock Performance - As of July 30, ST Huatuo's stock price increased by 3.38% to 12.84 yuan per share, resulting in an estimated profit of approximately 11.08 million yuan for Wei Wei from the auction [8].