新游戏带来大幅增长，同时公司的「神仙道」及「保卫萝卜」系列等知名游戏继续表现强韧，玩家忠诚 度坚固。该等历久常新的游戏系列贡献稳定的收益来源，人气高企，印证公司于常态化运营的专业能 力。 格隆汇8月27日丨飞鱼科技(01022.HK)发布公告，公司自2023年起采取投入HTML5游戏的战略举措，截 至2025年6月30日止六个月成绩斐然。期间收益达约人民币451.4百万元，同比增长约343.6%。该显著增 长主要由HTML5游戏「一步两步」的表现带动，该游戏于2024年八月推出，并于2025年上半年进入回 收周期。母公司拥有人应占溢利为人民币57.5百万元，较2024年同期的亏损人民币1.6百万元显著扭亏为 盈。 ...

Core Viewpoint - Feiyu Technology (01022) has seen its stock price increase by over 120% since July, with a current rise of 18.75% to HKD 0.57, and a trading volume of HKD 15.09 million [1] Company Summary - Feiyu Technology has issued a profit warning, expecting a post-tax net profit of approximately RMB 55 million to 70 million in the first half of 2025, while anticipating a post-tax net loss of about RMB 2 million in the first half of 2024 [1] - The significant increase in revenue is attributed to the upcoming game "One Step Two Steps," which is set to launch in the second half of 2024 and enter its recovery phase in the first half of 2025, alongside successful preliminary marketing efforts [1] - The company also expects to recognize investment income of approximately RMB 300,000 to 1 million from a non-listed limited partnership during this period, contrasting with an anticipated investment loss of RMB 11.6 million in the first half of 2024 [1] Industry Summary - According to CICC, the core catalyst for the mini-game overseas market is the rapid expansion of the domestic mini-game market in 2023, attracting more developers and resulting in a number of excellent mini-game products [1] - There is a global trend favoring lightweight gameplay, which forms the basis for the mini-game overseas market, as low barriers to entry and positive feedback align with current global user entertainment demands [1] - From a competitive perspective, the lightweight gaming sector currently faces weak competition, providing space for medium-sized companies to expand overseas, leveraging years of experience in overseas game marketing and localized operations to enhance product popularity [1]

Core Viewpoint - Feiyu Technology (01022) has seen its stock price increase by over 120% since July, with a current rise of 18.75% to HKD 0.57, and a trading volume of HKD 15.09 million [1] Financial Performance - The company anticipates a post-tax net profit of approximately RMB 55 million to 70 million for the first half of 2025, following a projected post-tax net loss of about RMB 2 million for the first half of 2024 [1] - The significant increase in revenue is attributed to the upcoming game "One Step Two Steps," which is set to launch in the second half of 2024 and enter its revenue recovery phase in the first half of 2025 [1] - The company expects to recognize investment income of approximately RMB 300,000 to 1 million from a non-listed limited partnership during this period, contrasting with an anticipated investment loss of RMB 11.6 million in the first half of 2024 [1] Industry Insights - According to CICC, the rapid expansion of the domestic mini-game market in 2023 has attracted more developers, leading to the emergence of several excellent mini-game products [1] - There is a global trend favoring lightweight gameplay, which forms the basis for mini-game expansion abroad, as low barriers to entry and positive feedback align with current global user entertainment demands [1] - The lightweight gaming sector currently faces low competition, providing medium-sized companies with opportunities for overseas expansion, leveraging years of experience in user acquisition and localized operations to enhance product popularity [1]

Core Viewpoint - Feiyu Technology (01022) has seen its stock price increase by over 120% since July, with a current rise of 18.75% to HKD 0.57, driven by positive earnings expectations and significant revenue growth [1] Company Summary - Feiyu Technology anticipates a post-tax net profit of approximately RMB 55 million to 70 million in the first half of 2025, following a projected post-tax net loss of about RMB 2 million in the first half of 2024 [1] - The revenue growth is primarily attributed to the upcoming game "One Step Two Steps," which is set to launch in the second half of 2024 and enter its revenue recovery phase in the first half of 2025 [1] - The company also expects to recognize investment income of approximately RMB 300,000 to 1 million from a non-listed limited partnership, while it recorded an investment loss of about RMB 11.6 million from the same partnership in the first half of 2024 [1] Industry Summary - The mini-game market in China has rapidly expanded in 2023, attracting more developers and resulting in the emergence of several high-quality mini-game products [1] - There is a global trend favoring lightweight gameplay, which forms the basis for mini-game expansion overseas, as low barriers to entry and positive feedback align with current user entertainment demands [1] - The lightweight gaming sector currently faces low competition, providing opportunities for medium-sized companies to expand internationally, leveraging their years of experience in overseas game marketing and localized operations to enhance product popularity [1]

Group 1 - Company Fish Technology announced the acquisition of properties in Beijing for a total price of RMB 50.3 million, consisting of office units and parking spaces with a total area of 1,770.22 square meters and 129.53 square meters respectively [2] - The properties are located in a strategic area of Beijing's central business district, which is considered one of the prime commercial zones, and the company believes this acquisition represents a long-term investment opportunity despite the current downturn in the real estate market [2] - The acquisition is expected to provide stable rental income in the long term, as the company has referenced past rental income data and recent rental prices of comparable properties in the area [2] Group 2 - In 2024, Fish Technology achieved a revenue of RMB 277 million, reflecting a year-on-year growth of 22.35%, but faced significant pressure on profits with a net loss of RMB 44.39 million, marking a shift from profit to loss [3] - The main source of revenue for the company comes from game operations, accounting for 86.29% of total revenue, with RMB 239 million generated from this segment [3] - The company plans to focus on the long-term operation of existing popular games to maintain stable cash flow and aims to expand into overseas markets to diversify revenue sources [3]