Core Viewpoint - China's lottery sales revenue continues to grow, but the growth rate has significantly slowed down, with a 1.5% year-on-year increase in the first three quarters of 2025 compared to a 9.4% increase in the same period last year [3][4]. Sales Performance - In the first three quarters of 2025, total lottery sales reached 476.137 billion yuan, marking a historical high for the same period, but the growth rate has decreased by nearly 8 percentage points compared to last year [3]. - The sales of welfare lottery amounted to 159.75 billion yuan, while sports lottery sales reached 316.387 billion yuan, both showing a 1.5% year-on-year increase [4]. Lottery Types - The main types of lottery include digital lottery, betting lottery, instant lottery, and Keno lottery. In the first three quarters: - Betting lottery sales were 208.84 billion yuan, down 2.5% year-on-year - Digital lottery sales were 134.637 billion yuan, up 0.4% - Instant lottery sales were 101.356 billion yuan, up 14.2% - Keno lottery sales were 31.302 billion yuan, down 2.2% [5]. Regional Sales - Among the 21 provinces, lottery sales increased in 11 provinces, with Shandong, Hubei, and Henan showing significant increases of 1.89 billion yuan, 1.43 billion yuan, and 1.25 billion yuan respectively. Conversely, 10 provinces saw declines, with Jiangxi, Zhejiang, and Guizhou experiencing the largest decreases of 0.88 billion yuan, 0.79 billion yuan, and 0.61 billion yuan respectively [5]. Purpose of Lottery - The primary purpose of issuing lotteries is to raise funds for social welfare and sports, with a portion of the sales revenue allocated to public welfare funds, which are distributed equally between central and local governments for social welfare projects [6].

9月份，全国共销售彩票529.33亿元，同比增长2.8%，保持平稳增长态势。其中，福利彩票机构销售 174.38亿元，同比增长2.4%；体育彩票机构销售354.95亿元，同比增长3.0%。 1-9月中国销售彩票同比增长1.5% 中新社北京10月24日电 (记者 赵建华)中国财政部24日公布的数据显示，1-9月累计，全国共销售彩票 4761.37亿元(人民币，下同)，同比增长1.5%。其中，福利彩票机构销售1597.50亿元，同比增长1.5%； 体育彩票机构销售3163.87亿元，同比增长1.5%。 9月份，与上年同期相比，全国24个省份彩票销量实现增长，其中河北、山东、湖北增加额较多。7个省 份彩票销量下降，其中浙江、湖南、贵州下降额较多。 1-9月累计，与上年同期相比，全国21个省份彩票销量实现增长，其中山东、湖北、河南增加额较多。 10个省份彩票销量下降，其中江西、浙江、贵州下降额较多。 财政部要求各级彩票机构密切跟踪分析新情况新问题，切实加强彩票发行销售工作，确保市场平稳运 行。各级财政部门要进一步加强彩票监管，积极创造良好的外部环境，维护市场秩序，促进彩票事业持 续健康发展。(完) 来源：中国新闻网 ...

Core Insights - China's lottery sales reached 476.137 billion yuan in the first three quarters of this year, marking a year-on-year growth of 1.5%, but the growth rate has significantly slowed compared to 9.4% in the same period last year [1] - The slowdown in growth is attributed to high sales figures from last year due to major sporting events like the European Cup and the Olympics, which created a high base effect [1] - The lottery market in China is primarily divided between two institutions: the China Welfare Lottery and the China Sports Lottery, with the latter surpassing the former in revenue since 2018 [1] Sales Performance by Type - Among different types of lottery, the sales figures for the first three quarters are as follows: - Sports lottery sales: 208.84 billion yuan (down 2.5% year-on-year) - Lotto sales: 134.637 billion yuan (up 0.4% year-on-year) - Instant lottery sales: 101.356 billion yuan (up 14.2% year-on-year) - Keno sales: 31.302 billion yuan (down 2.2% year-on-year) [2] - Instant lottery sales, such as scratch cards, continue to show strong growth, while sports lottery sales have declined due to fewer major sporting events this year [2] Regional Sales Insights - In terms of regional performance, 21 provinces saw an increase in lottery sales compared to last year, with notable increases in Shandong (1.89 billion yuan), Hubei (1.43 billion yuan), and Henan (1.25 billion yuan) [2] - Conversely, 10 provinces experienced a decline in sales, with significant decreases in Jiangxi (0.88 billion yuan), Zhejiang (0.79 billion yuan), and Guizhou (0.61 billion yuan) [2] Purpose of Lottery Sales - The primary purpose of lottery sales in China is to raise funds for social welfare and sports, with a portion of the sales revenue allocated to the lottery public welfare fund, which is distributed equally between central and local governments for social welfare projects [2]

Core Insights - In the first nine months of this year, the total lottery sales in the country reached 476.137 billion yuan, representing a year-on-year growth of 1.5% [1] - Welfare lottery sales amounted to 159.75 billion yuan, with a year-on-year increase of 1.5% [1] - Sports lottery sales totaled 316.387 billion yuan, also showing a year-on-year growth of 1.5% [1] Monthly Performance - In September, the total lottery sales were 52.933 billion yuan, reflecting a year-on-year growth of 2.8% [1] - Welfare lottery sales in September were 17.438 billion yuan, with a year-on-year increase of 2.4% [1] - Sports lottery sales in September reached 35.495 billion yuan, marking a year-on-year growth of 3% [1]

National Lottery Sales Overview - In September 2025, total lottery sales reached 52.933 billion yuan, an increase of 1.449 billion yuan year-on-year, representing a growth of 2.8% [1][3] - Welfare lottery sales amounted to 17.438 billion yuan, up by 0.408 billion yuan, a growth of 2.4% year-on-year; sports lottery sales were 35.495 billion yuan, increasing by 1.041 billion yuan, a growth of 3.0% [3] Cumulative Sales Data - From January to September 2025, total lottery sales reached 476.137 billion yuan, an increase of 7.152 billion yuan year-on-year, reflecting a growth of 1.5% [3] - Welfare lottery sales for the same period totaled 159.750 billion yuan, up by 2.330 billion yuan, a growth of 1.5%; sports lottery sales were 316.387 billion yuan, increasing by 4.822 billion yuan, also a growth of 1.5% [3] Sales by Lottery Type - In September, sales of different lottery types included: - Lotto-type lottery: 15.043 billion yuan, up by 0.742 billion yuan, a growth of 5.2% - Betting-type lottery: 22.756 billion yuan, down by 1.901 billion yuan, a decline of 7.7% - Instant lottery: 11.707 billion yuan, up by 2.624 billion yuan, a growth of 28.9% - Keno lottery: 3.426 billion yuan, down by 0.016 billion yuan, a decline of 0.5% [5] - Cumulatively, from January to September, sales by type were: - Lotto-type: 134.637 billion yuan, up by 0.553 billion yuan, a growth of 0.4% - Betting-type: 208.840 billion yuan, down by 5.286 billion yuan, a decline of 2.5% - Instant lottery: 101.356 billion yuan, up by 12.594 billion yuan, a growth of 14.2% - Keno lottery: 31.302 billion yuan, down by 0.710 billion yuan, a decline of 2.2% [6] Regional Sales Performance - In September, 24 provinces reported an increase in lottery sales, with Hebei, Shandong, and Hubei showing the largest increases of 0.22 billion yuan each [8] - Cumulatively, from January to September, 21 provinces experienced growth, with Shandong, Hubei, and Henan showing significant increases of 1.89 billion yuan, 1.43 billion yuan, and 1.25 billion yuan respectively [8] - Conversely, 7 provinces saw declines in September, with Zhejiang, Hunan, and Guizhou experiencing the largest decreases of 0.28 billion yuan, 0.21 billion yuan, and 0.13 billion yuan respectively [8]

National Lottery Sales Overview - In September, total lottery sales reached 52.933 billion yuan, an increase of 1.449 billion yuan year-on-year, representing a growth of 2.8% [1] - For the first nine months, cumulative lottery sales amounted to 476.137 billion yuan, up by 7.152 billion yuan year-on-year, reflecting a growth of 1.5% [1] Lottery Type Sales Breakdown - In September, sales of different lottery types were as follows: - Lotto digital lottery sales were 15.043 billion yuan, up by 0.742 billion yuan, a growth of 5.2% - Betting-type lottery sales were 22.756 billion yuan, down by 1.901 billion yuan, a decline of 7.7% - Instant lottery sales were 11.707 billion yuan, up by 2.624 billion yuan, a significant growth of 28.9% - Keno lottery sales were 3.426 billion yuan, down by 0.016 billion yuan, a decline of 0.5% [3] - Cumulatively, from January to September, sales by type were: - Lotto digital lottery: 134.637 billion yuan, up by 0.553 billion yuan, a growth of 0.4% - Betting-type lottery: 208.840 billion yuan, down by 5.286 billion yuan, a decline of 2.5% - Instant lottery: 101.356 billion yuan, up by 12.594 billion yuan, a growth of 14.2% - Keno lottery: 31.302 billion yuan, down by 0.710 billion yuan, a decline of 2.2% [3] Regional Lottery Sales Performance - In September, 24 provinces reported an increase in lottery sales, with Hebei, Shandong, and Hubei showing the largest increases of 0.22 billion yuan each [5] - From January to September, 21 provinces experienced growth in lottery sales, with Shandong, Hubei, and Henan leading with increases of 1.89 billion yuan, 1.43 billion yuan, and 1.25 billion yuan respectively [5] - Conversely, 10 provinces saw declines in sales, with Jiangxi, Zhejiang, and Guizhou experiencing the largest decreases of 0.88 billion yuan, 0.79 billion yuan, and 0.61 billion yuan respectively [5]

Core Insights - In September, the total lottery sales in China reached 52.933 billion yuan, showing a year-on-year increase of 1.449 billion yuan, or 2.8% growth, indicating a stable growth trend [1] Summary by Category Lottery Sales Performance - Welfare lottery sales amounted to 17.438 billion yuan, with a year-on-year increase of 0.408 billion yuan, reflecting a growth of 2.4% [1] - Sports lottery sales totaled 35.495 billion yuan, increasing by 1.041 billion yuan year-on-year, which corresponds to a growth of 3.0% [1] Cumulative Sales Data - From January to September, total lottery sales reached 476.137 billion yuan, up by 7.152 billion yuan year-on-year, representing a growth of 1.5% [1] - Welfare lottery sales for the same period were 159.750 billion yuan, with a year-on-year increase of 2.330 billion yuan, also reflecting a growth of 1.5% [1] - Sports lottery sales during this period amounted to 316.387 billion yuan, increasing by 4.822 billion yuan year-on-year, maintaining a growth rate of 1.5% [1]

Core Viewpoint - The press conference highlighted the achievements in the development of civil affairs during the "14th Five-Year Plan" period, emphasizing the growth and optimization of social organizations and charitable activities in China [1] Group 1: Social Organizations - The registration management system for social organizations has become more robust, with a total of 865,000 registered social organizations nationwide [1] - The structure of these organizations is continuously improving, with a new batch of technology-oriented social organizations established, totaling 24,000 active in the field of technological innovation [1] - Various social organizations have played a positive role in developing new productive forces, promoting employment, improving people's livelihoods, and enhancing grassroots governance services [1] Group 2: Charitable Activities - The development of charity has accelerated, with over 16,000 registered charitable organizations, representing a 70% increase since 2020 [1] - The total annual charitable donations have exceeded 200 billion yuan, marking a significant increase in the charitable atmosphere [1] - Since the beginning of the "14th Five-Year Plan," the total sales of welfare lottery tickets have reached 852.5 billion yuan, raising 256.6 billion yuan for public welfare [1]

Core Viewpoint - China Ecotourism (01371) reported a significant increase in revenue and a reduction in losses for the fiscal year ending June 30, 2025, indicating a positive trend in its financial performance driven by the growth of the lottery industry [1] Financial Performance - The company achieved a revenue of HKD 112 million, representing a year-on-year increase of 66.22% [1] - The loss attributable to shareholders was HKD 72.36 million, which is a 73.39% decrease compared to the previous year [1] - The loss per share was HKD 0.47 [1] Business Development - The stable development of the company's lottery business is attributed to the healthy growth of the Chinese lottery industry, along with the company's technological advantages and service experience [1] - The company plans to continue focusing on its core lottery business, deepening its efforts in key regions and sectors, and seeking more market opportunities to maintain its industry-leading position [1] - There are intentions to further develop overseas lottery operations, providing innovative lottery products and services to emerging markets [1]

Core Insights - In August, China's total lottery sales reached 53.401 billion yuan, reflecting a year-on-year decline of 1.8% [1] - The decline in sales is attributed to the high sales base from the previous year due to the Olympic events [1] - Cumulative lottery sales from January to August amounted to 423.204 billion yuan, showing a year-on-year growth of 1.4% [1] Summary by Category Lottery Sales Performance - In August, welfare lottery sales were 17.274 billion yuan, down 2.6%, while sports lottery sales were 36.127 billion yuan, down 1.4% [1] - From January to August, welfare lottery sales totaled 142.312 billion yuan, growing by 1.4%, and sports lottery sales reached 280.893 billion yuan, also growing by 1.4% [1] Regional Performance - In August, 15 provinces reported an increase in lottery sales, with notable growth in Xinjiang, Hebei, and Shandong [1] - Conversely, 16 provinces experienced a decline, with significant decreases in Zhejiang, Jiangxi, and Hunan [1] - Cumulatively, from January to August, 20 provinces saw growth in lottery sales, particularly in Shandong, Hubei, and Henan, while 11 provinces faced declines, especially in Jiangxi, Sichuan, and Zhejiang [1] Regulatory Actions - The Ministry of Finance has urged lottery institutions to closely monitor and analyze new situations and issues, enhancing lottery issuance and sales to ensure market stability [2] - There is a call for stronger regulatory measures from financial departments to create a favorable external environment and maintain market order for the sustainable development of the lottery industry [2]