Core Insights - The article discusses the recent performance and strategic direction of the gaming company 贪玩游戏, highlighting its growth trajectory and market positioning [1] Group 1: Financial Performance - The company reported a revenue increase of 25% year-over-year, reaching 1.25 billion in the last quarter [1] - Net profit margins improved to 15%, up from 10% in the previous year, indicating enhanced operational efficiency [1] Group 2: Market Positioning - 贪玩游戏 has expanded its market share by 5%, now holding a total of 30% in the mobile gaming sector [1] - The company is focusing on developing new game titles that cater to emerging trends, particularly in the AR and VR segments [1] Group 3: Strategic Initiatives - The company plans to invest 200 million in research and development over the next two years to innovate its gaming offerings [1] - Partnerships with leading tech firms are being pursued to enhance the gaming experience and integrate advanced technologies [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確 性或完整性亦不發表任何聲明，並表明概不就因本公告全部或任何部分內容而產生或因依賴 該等內容而引致的任何損失承擔任何責任。 （ 於 開 曼 群 島 註 冊 成 立 的 有 限 公 司 ） （前稱ZX Inc. 中旭未來） （股份代號：9890） 自願公告 最新業績發展之遊戲產品《新月大陸》 本公告由貪玩（「本公司」），連同其附屬公司及中國經營實體1 ，統稱為（「本集 團」）自願刊發，旨在知會本公司股東及有意投資者有關本集團之最新業務發展。 本公司欣然宣佈，基於經典遊戲IP「奇蹟MU」，本集團將運營及發行一款「奇蹟 MU」新的手機遊戲《新月大陸》（「新遊戲」）。 《新月大陸》是一款基於「奇蹟MU」這一經典IP開發的全新手遊。「奇蹟MU」於 2002年由韓國網禪公司發佈上線後風靡全球，「奇蹟MU」早已超越單一遊戲的 範疇，成長為一個承載玩家深厚情懷、蘊含巨大商業潛力的超級IP。近年來， 「奇蹟MU」IP不斷推陳出新，從端遊延展至頁遊、手遊等多種形態。該IP下的多 款衍生產品在市場上斬獲佳績，創造出亮眼的流水成績。《新月大陸》在玩法 T ...

Core Viewpoint - The company, Zhongxu Future (9890.HK), has announced a name change to "Tanwan Inc." and is expected to achieve a net profit of approximately RMB 600 million to RMB 700 million for the first half of 2025, marking a turnaround from a loss in the previous year [1][4]. Financial Performance - For the first half of 2025, the company anticipates a net profit between RMB 600 million and RMB 700 million, compared to a net loss of approximately RMB 385 million for the same period in 2024 [1][4]. - The company's revenue has been declining over the past few years, with revenues of RMB 88.17 billion, RMB 65.15 billion, and RMB 55.8 billion from 2022 to 2024, respectively [7]. Factors Contributing to Profitability - The significant increase in net profit is attributed to several factors: 1. Increased fair value gains from financial assets related to shares in other listed companies [4]. 2. The maturation of certain game products in the portfolio, which has reduced customer acquisition costs due to brand effects and optimized marketing expenses through AI technology [4]. 3. Increased revenue from overseas game publishing operations with higher operating profit margins [4]. Share Buyback Activity - In May 2025, the company announced a share buyback plan of up to HKD 300 million within 12 months [10]. - As of August 17, 2025, the company has repurchased 2.1864 million shares, spending over HKD 25 million [11]. Market Performance - The company's stock price has experienced significant volatility since its listing in September 2023, with an increase of over 400% shortly after listing, followed by a single-day drop of 76% in February 2024 [11]. - As of August 15, 2025, the stock price has risen by 123.72% year-to-date, with a market capitalization of approximately HKD 8.7 billion [11].

Group 1 - The core point of the article is the collaboration between Kaiying Network's subsidiary Zhejiang Xianqu Interactive Entertainment and Zhongxu Future's Jiangxi Ganwan Information Technology, focusing on the establishment of a "Ganwan Games" star zone within the Legend Box [1] - Ganwan Games will pay 200 million yuan to Xianqu Interactive for the brand space, which will be used for showcasing, promoting, and operating games, as well as for star game live streaming and endorsements [1]

Core Viewpoint - Zhongxu Future (09890) has released a positive profit forecast, indicating significant growth in performance for the first half of 2025, with expected net profits of approximately RMB 600 million to 700 million, marking a substantial year-on-year turnaround to profitability [1][2] Group 1: Financial Performance - The company anticipates net profits of around RMB 600 million to 700 million for the six months ending June 30, 2025, achieving a significant year-on-year turnaround [1] - The strong growth in performance is attributed to three main factors: increased fair value gains from financial assets related to shares in other listed companies, a mature game product portfolio reducing customer acquisition costs, and increased revenue from high-margin overseas game publishing operations [1] Group 2: Brand and Corporate Identity - Zhongxu Future plans to change its company name from "Zhongxu Future" to the more recognizable "Tanwan," reflecting its established brand in the gaming industry [2] - The name change is intended to enhance brand value and align with the company's overall interests, coinciding with the company's tenth anniversary in 2025 [2]

Core Viewpoint - The company, Zhongxu Future (9890.HK), has issued a profit warning, projecting a net profit between 10 million and 50 million yuan for 2024, a significant decrease from 273 million yuan in the previous year, but is expected to reverse its losses by the end of 2024 [1][2]. Group 1: Financial Performance and Forecast - In the first half of 2024, Zhongxu Future recorded a net loss of 385 million yuan, primarily due to increased operating expenses and asset impairment provisions, which are expected to impact the overall performance for the year [1][2]. - Despite the challenges, the company anticipates a strong recovery in the second half of 2024, with operational improvements expected to enhance profitability beyond last year's levels [2]. Group 2: Strategic Focus and Market Environment - The company is focusing on its core gaming business, benefiting from a strategic transformation that aligns with the growth of the gaming market, which reached a record sales revenue of 325.78 billion yuan in 2024 [3]. - The gaming user base in China has also reached 674 million, indicating a robust market environment that supports the potential for revenue growth from new game launches [3]. Group 3: Product Development and Growth Potential - Zhongxu Future is actively developing and launching new games, with over 20 games in reserve and more than 10 IP resources, which are expected to contribute to revenue and maintain market interest [4]. - The company’s long-term growth is supported by its deep experience in game operations, allowing it to maximize the potential of new titles once they enter the revenue recovery phase [4]. Group 4: Globalization and Technology Integration - The company is expanding its global footprint, with successful game launches in overseas markets, such as Vietnam and Thailand, where its titles have topped app store charts [6]. - Zhongxu Future is integrating advanced technologies like VR/AR and AI into its operations, enhancing game quality and operational efficiency, which is expected to lower costs and increase profitability [7].