Core Viewpoint - Snail Games (蜗牛游戏) is set to launch multiple new games and expansion packs in 2025 while advancing its stablecoin ecosystem strategy, leading to notable stock price fluctuations at the end of the year [1]. Group 1: Project Advancement - The company plans to release the expansion pack for "Ark: Lost Colonies" and several cross-platform new games, including its first dating simulation game "Fame Game." These products aim to drive revenue growth, with pre-sales of the DLC exceeding expectations [2]. Group 2: Strategic Progress - Snail Games is building a "Game + Stablecoin" dual-track ecosystem, with medium to long-term strategies that include completing the stablecoin infrastructure and exploring synergies between digital payments and on-chain finance [3]. Group 3: Performance and Operating Conditions - The company regularly publishes financial performance reports, such as a net income of $13.8 million for the third quarter of fiscal year 2025. Future reports will need to focus on deferred revenue disclosures, with an estimated $26.5 million expected to be recognized within the next 12 months, and the impact of new game revenues [4]. Group 4: Stock Price Fluctuations - In December 2025, Snail Games' stock price experienced multiple fluctuations, including a 6.20% increase on December 29 and a 6.77% increase on December 31. These movements may be related to market expectations regarding the aforementioned events, although specific catalysts have not been clearly identified [5].