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连续扑街后,B站再发二游,霸榜港澳台,这次是萌娘表情包画风?能成吗?
3 6 Ke· 2025-10-14 01:53
须知,此前B站曾发行过多款二游产品,包括《摇光录:乱世公主》《斯露德》以及《依露希尔》等,但成绩表现都不太理想。这次《嘟嘟脸恶作剧》的 上线或许能重现B站在二游赛道的风光。 由韩国团队Epid GAMES研发、B站代理发行(除韩国市场)的休闲治愈二次元手游《嘟嘟脸恶作剧》国际服于10月9日登陆全球多个市场。 值得关注的是,截止至10月13日,《嘟嘟脸恶作剧》仍位居港澳台iOS免费榜榜首、日本市场免费榜第二的位置。 具体情况如何?在营销侧,《嘟嘟脸恶作剧》又有哪些不同的动作?B站为何会选择发行这一产品?今天DataEye研究院对此进行盘点。 一、市场概况 【事实&数据】 点点数据显示,截止至10月13日,《嘟嘟脸恶作剧》仍位居港澳台市场iOS免费榜榜首、日本市场免费榜TOP2。 | 全球排名明细 | | | | | | | | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 地区 全球 | 亚洲 = | | 北美洲 | 南美洲 | ...
心动最赚钱游戏或将易主?《伊瑟》上线东亚6大T1市场,12天吸金超3700万
3 6 Ke· 2025-10-10 02:02
Core Insights - The year 2024 marks the first year of profitability for Xindong after three consecutive years of losses, driven by the success of self-developed new games like "Departure Muffin" and "Xindong Town," along with the earlier overseas launch of "Lily of the Valley" [1] - The company has adopted a more focused approach this year, emphasizing the release of the turn-based strategy card RPG "Etheria: Restart," which supports multi-platform play [1][3] Game Performance - "Etheria: Restart" launched internationally in June, generating a revenue of 69.33 million yuan in its first month, excluding PC data [3][19] - The game was released in six major East Asian T1 markets on September 25, achieving a revenue of 37.1 million yuan within 12 days, slightly surpassing the international version's performance [6][15] - As of October 9, the game maintained strong rankings in the iOS free and revenue charts across various East Asian markets, with notable positions in Taiwan, Hong Kong, and Japan [9][11] Market Trends - The game has shown a cumulative download of approximately 1.435 million in the new markets, with significant contributions from China, Taiwan, and Japan [13] - The daily revenue peaked at 4.06 million yuan shortly after launch but has since stabilized around 2.8 million yuan [15] - The average revenue per download (RPD) reached 27.6 yuan, slightly lower than the international version's 34.5 yuan [15] Long-term Outlook - The international version of "Etheria: Restart" has demonstrated stable monthly revenue of around 10 million yuan after four months, indicating potential for long-term operation [16][23] - The company plans to enhance its esports ecosystem, aiming to establish "the first IP in turn-based esports," with various tournaments already held and more planned for the future [25][27] Financial Performance - Xindong's financial report for the first half of the year shows significant growth, with total revenue reaching 3.08 billion yuan, a 38.8% increase year-on-year [36] - The top five revenue-generating games include "Departure Muffin" and "Xindong Town," indicating a shift towards newer titles contributing to overall revenue [38]
心动公司
2025-10-09 02:00
Summary of the Conference Call for Xindong Company Industry and Company Overview - **Company**: Xindong Company - **Industry**: Gaming Industry in China - **Key Platform**: TapTap, a third-party game community and distribution platform Core Insights and Arguments - Xindong Company has established a full industry chain layout through popular games like "Xindong Town" and the TapTap platform, enhancing user engagement and payment levels, leading to long-term value growth [2][10] - TapTap operates on a non-revenue-sharing model, focusing on community interaction and precise recommendations to boost user stickiness, which in turn supports game distribution and operation [2][5] - The Chinese gaming market has shifted towards innovation-driven growth, with players demanding higher quality and experience in games. Xindong Company is focusing on independent games and innovative categories to build a differentiated advantage for long-term growth [2][6] - The company is optimizing team size and terminating non-core projects to improve resource efficiency, marking a shift from extensive expansion to pursuing certain outcomes, resulting in a slowdown in R&D expense growth [2][9] Key Strategies and Developments - Xindong Company employs a "channel plus product" dual-driven model, enhancing self-developed capabilities and launching hit products that significantly contribute to revenue and user engagement [3][10] - TapTap serves as a core component of Xindong's ecosystem, providing distribution and social interaction, and generating revenue through advertising [4][11] - The company has seen a significant increase in its stake in Shanghai Yiwang (TapTap's parent company) due to changes in shareholder structure, with Xindong's ownership approaching 89% [7] Market Trends and Company Response - The gaming market in China is transitioning from population-driven growth to innovation-driven growth, with a focus on creating differentiated experiences through innovative content [6][18] - Xindong Company is responding to these changes by focusing on independent games and innovative products to attract specific user groups and establish a competitive edge [6][20] Financial Performance and Future Outlook - Xindong's self-developed products have performed exceptionally well, with titles like "Shu'an Maifen" and "Xindong Town" exceeding expectations and driving user numbers to historical highs [26][27] - The development prospects for the TapTap platform are promising, with a strong user base and effective game distribution, indicating significant growth potential for the company's gaming business [27] Additional Insights - TapTap's advertising business shows resilience and commercial potential, with a strong performance even during market downturns [23][24] - The platform has room for expanding advertising space, which could further enhance revenue generation [24] - Xindong Company is exploring additional monetization models beyond gaming ads, including cloud gaming and developer services [25][26] Conclusion - Xindong Company is positioned as a key player in the Chinese gaming industry, leveraging its unique platform and innovative strategies to drive growth and enhance user engagement, making it a noteworthy entity in the market [27]
心动公司20250907
2025-09-07 16:19
Summary of the Conference Call for Xindong Company Company and Industry Overview - The conference call focuses on Xindong Company, specifically its gaming distribution platform TapTap, which differentiates itself from Apple and Android app stores by not charging channel fees and instead generating revenue through value-added services [2][3]. Key Points and Arguments - **Revenue Growth Despite MAU Decline**: In 2023, TapTap's Monthly Active Users (MAU) decreased by 20%, yet revenue increased by 30%, indicating that Daily Active Users (DAU) and average daily usage time are more critical for revenue growth [6][2]. - **Future Revenue Projections**: TapTap is expected to maintain a compound annual growth rate (CAGR) of over 20% in revenue over the next three years, driven by DAU growth and increased user engagement [2][7]. - **PC Strategy Launch**: TapTap's PC strategy is set to launch in April 2025, aiming to leverage overlapping user profiles and the revival of the PC gaming market, while maintaining a no-commission policy to enhance competitiveness [2][9][10]. - **Stock Price Surge**: Xindong Company's stock price rose significantly from 7 yuan in 2024 to over 80 yuan in 2025, attributed to a successful product cycle, improved overseas distribution capabilities, and refined publishing strategies [11][12]. - **Mutual Empowerment of Games and Platform**: Xindong Company utilizes its self-developed games to attract users to the TapTap platform, which in turn enhances user retention and drives traffic to other products, creating a flywheel effect for overall growth [13][2]. Additional Important Insights - **Advertising Revenue Model**: TapTap's advertising revenue model relies on four key metrics: DAU, average daily usage time, ad loading rate, and ad unit price. DAU is projected to grow from 5-6 million to 7-8 million in the next three years [4][5]. - **Cost Structure and Profitability**: The cost structure is manageable, with personnel salaries and server bandwidth being the main costs. This allows for significant profit growth alongside revenue expansion [7][9]. - **Competitive Advantages**: Xindong Company's competitive advantages include its unique vertical distribution platform, TapTap, and the management's strong understanding and execution of gaming concepts, making it a company to watch for long-term growth [15][16]. Conclusion - Xindong Company is positioned for robust growth in the gaming industry, with a strong focus on its TapTap platform and strategic initiatives that leverage market trends and user engagement. The company's ability to adapt and innovate will be crucial in maintaining its competitive edge and achieving its financial targets in the coming years.
心动公司(2400.HK):游戏业务带动业绩大增 TAPTAP生态优化
Ge Long Hui· 2025-09-04 03:57
Core Insights - The company reported significant growth in revenue and profit for the first half of 2025, with a revenue of 3.082 billion yuan, a year-on-year increase of 38.8%, and a net profit of 755 million yuan, up 268.0% [1] - The gross profit margin improved to 73.1%, an increase of 5.7 percentage points year-on-year, indicating enhanced profitability [1] - The launch of new games, particularly "Ither," is anticipated to contribute positively to future revenues, with the game already showing strong performance in overseas markets [2] Financial Performance - In H1 2025, the company achieved a revenue of 3.082 billion yuan, with a gross profit of 2.253 billion yuan, reflecting a 50.5% year-on-year increase [1] - The sales and R&D expense ratios improved to 24.14% and 17.81%, respectively, down 7.18 and 1.08 percentage points year-on-year, indicating better cost management [1] - The gaming segment generated revenue of 2.071 billion yuan, a 39.4% increase year-on-year, with online game revenue at 1.982 billion yuan, also up 39.0% [1] Game Development and Market Performance - The average monthly active users (MAU) for online games increased by 19.7%, and the average monthly paying users rose by 21.1% [2] - The game "Ither" saw over one million downloads within a week of its overseas public beta launch, demonstrating strong user engagement [2] - The information services segment reported revenue of 1.011 billion yuan, a 37.6% increase, driven by improved advertising algorithms and user engagement [2] Future Outlook - The company is focusing on self-developed games and aims to enhance cost efficiency and commercialization levels [3] - Projected net profits for 2025-2027 are estimated at 1.645 billion, 1.957 billion, and 2.169 billion yuan, with corresponding EPS of 3.33, 3.97, and 4.40 yuan per share [3] - The company maintains a "buy" rating based on expected growth from new game launches and increased user engagement on the TapTap platform [3]
心动公司(02400):游戏业务带动业绩大增,TapTap生态优化
Guoyuan Securities· 2025-09-02 11:08
Investment Rating - The report maintains a "Buy" rating for the company [6] Core Views - The company's game business significantly boosted performance, with a notable increase in revenue and profit margins. In H1 2025, the company achieved a revenue of 3.082 billion yuan, a year-on-year increase of 38.8%, and a net profit of 755 million yuan, up 268.0% year-on-year, with a gross profit of 2.253 billion yuan and a gross margin of 73.1%, an increase of 5.7 percentage points year-on-year [1][2] Summary by Sections Financial Performance - In H1 2025, the company reported a revenue of 3.082 billion yuan, a 38.8% increase year-on-year, and a net profit of 755 million yuan, reflecting a 268.0% year-on-year growth. The gross profit was 2.253 billion yuan, with a gross margin of 73.1%, up 5.7 percentage points year-on-year. The sales and R&D expense ratios were 24.14% and 17.81%, respectively, showing improvements of 7.18 and 1.08 percentage points year-on-year [1][2] Business Segments - The game business generated 2.071 billion yuan in revenue, a 39.4% increase year-on-year, with online game revenue at 1.982 billion yuan (up 39.0%) and paid game revenue at 63 million yuan (up 14.2%). The average monthly active users (MAU) for online games increased by 19.7% year-on-year, and the monthly average number of paying users rose by 21.1% [2] Future Outlook - The company focuses on self-developed games and aims to enhance cost efficiency and commercialization. It is expected to achieve net profits of 1.645 billion yuan, 1.957 billion yuan, and 2.169 billion yuan for 2025, 2026, and 2027, respectively, with corresponding EPS of 3.33, 3.97, and 4.40 yuan per share, and PE ratios of 22, 19, and 17 times [3]
国元证券2025年9月金股组合及投资逻辑
Guoyuan Securities· 2025-09-01 03:46
Stock Recommendations - Keg Precision Machinery (301338.SZ) shows a historical high performance with EPS expected to rise from 0.66 in 2024 to 1.44 in 2025, indicating a strong growth trajectory[4] - Kingsoft Office (688111.SH) is expected to improve its EPS from 3.56 in 2024 to 4.10 in 2025, with a focus on enhancing B-end business strategies[4] - Shuanghuan Transmission (002472.SZ) anticipates a core business growth of 11.55% year-on-year, despite a 2% decline in overall revenue due to the cessation of steel trading operations[5] Market Performance - The August 2025 stock portfolio achieved a weighted return of 24.73%, outperforming the Shanghai Composite Index which rose by 7.97%[14] - The top-performing stocks included Jibite (35.13%) and Yuanjie Technology (24.69%), indicating strong market interest in these sectors[15] - The market volatility for the recommended stocks was significant, with the highest being Xindong Company at 93.73%[21] Industry Insights - The blood dialysis industry, led by Shanwaishan (688410.SH), is expected to see substantial growth due to a recovering market post-2024 anti-corruption impacts[6] - AVIC Shenyang Aircraft (600760.SH) is positioned to benefit from the anticipated demand for advanced military aircraft, with a projected market for 9,284 new civil aircraft in China from 2022 to 2041[10] - Xindong Company (2400.HK) reported a remarkable 268% increase in net profit, driven by strong revenue growth of 38.8% in the first half of the year[29]
港股异动|心动公司(02400)午后涨超8%《伊瑟》国际服表现优秀 国内定档9月25日全平台公测
Jin Rong Jie· 2025-08-04 07:11
Core Viewpoint - Xindong Company (02400) saw its stock price increase by over 8%, currently trading at 56.5 HKD with a transaction volume of 271 million HKD, driven by the announcement of the new game "Iser Reboot Day" set for public testing on September 25 [1] Group 1: Game Development and Performance - The new games "Departure Muffin" and "Xindong Town" are expected to significantly boost the company's performance in 2024, with a strong pipeline of new games including "Iser" and "Xindong Town" international versions planned for 2025 [1] - The international version of "Iser" launched on June 5 has performed well, indicating potential for continued revenue growth from new game releases [1] Group 2: Financial Projections - According to a report from Credit Lyonnais, Xindong Company's game development and operations have shown strong historical growth, with a projected compound annual growth rate (CAGR) of 23% in revenue from 2021 to 2024 [1] - Revenue is expected to grow by 16.2% and 9.4% year-on-year in 2025 and 2026, respectively, with net profit anticipated to increase by 15.2% and 18.1% [1] - By the end of 2024, Xindong Company will operate 21 free games and 35 paid games, with 65% of its revenue generated from China [1] Group 3: Upcoming Game Releases - "Xindong Town" is expected to launch overseas in the fourth quarter of this year, while "Iser" will be released in China in September, both anticipated to drive new growth for the company [1]
心动公司午后涨超8% 《伊瑟》国际服表现优秀 国内定档9月25日全平台公测
Zhi Tong Cai Jing· 2025-08-04 06:06
Core Viewpoint - Xindong Company (02400) has seen a significant stock increase, attributed to the upcoming launch of its new game "Iser Reboot Day" on September 25, which is expected to drive revenue growth [1] Group 1: Financial Performance - Xindong Company's stock rose over 8%, currently trading at 56.5 HKD with a transaction volume of 271 million HKD [1] - The company is projected to achieve a compound annual growth rate (CAGR) of 23% in revenue from 2021 to 2024, with expected annual growth rates of 16.2% and 9.4% for 2025 and 2026 respectively [1] - Net profit is anticipated to grow by 15.2% and 18.1% in the same periods [1] Group 2: Game Development and Launches - The new games "Departure Muffin" and "Xindong Town" are expected to significantly boost the company's performance [1] - By the end of 2024, Xindong Company will operate 21 free games and 35 paid games, with 65% of its revenue generated from China [1] - The international version of "Iser" launched on June 5 has performed well, indicating strong potential for future revenue growth [1] Group 3: Market Expectations - Analysts from Credit Lyonnais have highlighted the strong growth trajectory of Xindong Company's game development and operations [1] - The upcoming launches of "Xindong Town" in overseas markets and "Iser" in China are expected to serve as new growth drivers for the company [1]
港股异动 | 心动公司(02400)午后涨超8% 《伊瑟》国际服表现优秀 国内定档9月25日全平台公测
智通财经网· 2025-08-04 06:04
Core Viewpoint - Xindong Company (02400) has seen a significant stock increase, attributed to the upcoming launch of its new game "Yise Reboot Day" on September 25, which is expected to drive revenue growth [1] Group 1: Financial Performance - Xindong Company's stock rose over 8%, currently trading at 56.5 HKD with a transaction volume of 271 million HKD [1] - The company is projected to achieve a compound annual growth rate (CAGR) of 23% in revenue from 2021 to 2024, with expected annual revenue growth of 16.2% and 9.4% for 2025 and 2026 respectively [1] - Net profit is anticipated to grow by 15.2% and 18.1% in the same periods [1] Group 2: Game Development and Launches - The new games "Chufa Ba Maifen" and "Xindong Xiaozhen" are expected to perform well, contributing to significant revenue growth [1] - By the end of 2024, Xindong Company will operate 21 free games and 35 paid games, with 65% of its revenue coming from China [1] - The international version of "Yise" launched on June 5 has performed well, and upcoming titles like "Xindong Xiaozhen" are anticipated to be new growth drivers [1]