Core Insights - The company has achieved a significant revenue growth of 44.4% year-on-year, reaching 634 million RMB in the first half of 2025, marking a third consecutive increase in revenue [1][2] - The business structure has been optimized, with game publishing and operation revenue accounting for 91.3% of total revenue, up 5.6 percentage points from the previous year [1][2] - The company has launched 24 premium mobile games, covering various genres and supporting multiple languages, enhancing its market presence [3] Financial Performance - The adjusted net loss has been significantly reduced by 93.6% compared to the same period last year, with operating cash flow consumption decreasing by 47.1% [2] - The revenue from game publishing and operation reached 579 million RMB, a year-on-year increase of 53.8% [2] Product Success - Key mobile games such as "In the Name of the Shining" and "Dragon Tribe: Castle Gate" have contributed significantly to revenue growth, with "In the Name of the Shining" achieving over 2 billion RMB in cumulative revenue globally [4] - The company has demonstrated strong long-term operational capabilities with older titles like "Dream Fantasy" and "Dragon Tribe Fantasy" showing positive growth in revenue and user engagement [5] Competitive Advantages - The company's high growth is attributed to its core capabilities in R&D, positioning, and operations, creating a competitive barrier that is hard to replicate [6] - R&D personnel make up 76% of the workforce, with a focus on technological innovation and cost control, ensuring continuous upgrades of successful games [6] Product Strategy - The company employs a strategy of deepening core categories while exploring emerging segments, effectively covering diverse user needs and mitigating market risks [7] - The integrated "R&D and operations" model allows for precise player demand understanding and timely game updates, maximizing product lifecycle value [8] Future Outlook - The company plans to launch seven new games from the second half of 2025 to 2027, covering various genres and targeting both domestic and international markets [9][11] - A gradual strategy of focusing on Asia before expanding globally is in place, with successful launches in Southeast Asia and plans for further market entries [11]

智通财经APP了解到，截至业绩公告日期，祖龙娱乐共推出了24款精品手游，在超过170个地区市场发行了可支持14种语言的多个地区版本，产品矩阵目前 包括MMORPG、女性向、策略卡牌和SLG等多种品类。 上半年，祖龙娱乐旗下精品手游《以闪亮之名》、《龙族：卡塞尔之门》、《踏风行》"三驾马车"齐头并进，为业绩增长提供有力支撑。 "以诚意雕琢产品，以创新开拓道路"，中国领先的移动游戏公司祖龙娱乐（09990）高成长属性再度兑现。 营收三连增，精品化战略成效显著 8月22日，祖龙娱乐发布2025年中期业绩公告显示，公司核心经营指标全面向好，高增长态势持续巩固。期内，公司实现营收6.34亿元（人民币，下同）， 同比增长44.4%。考虑到2024年增速为25.6%、2023年增速为55.5%，营业收入顺利实现"三连增"。同时，公司业务结构进一步优化，综合游戏发行及运营业 务营收达到5.79亿元，同比显著增长53.8%。综合游戏发行与运营业务占公司收入比重达到91.3%，同比提升5.6个百分点。 | | | 截至6月30日止六個月 | | | | --- | --- | --- | --- | --- | | | 2025 ...

Core Insights - Zulong Entertainment (09990) shares rose over 6%, currently up 6.18% at HKD 1.89, with a trading volume of HKD 2.5287 million [1] Financial Performance - For the first half of 2025, Zulong Entertainment reported revenue of RMB 634.3 million, a year-on-year increase of 44.4%, marking a "three consecutive increases" in revenue [1] - The adjusted net loss was reduced by 93.6% compared to the same period last year, indicating continuous improvement in operational conditions [1] Growth Drivers - The improvement in performance is attributed to the launches of "Dragon Tribe: Kassel's Gate" and "Treading the Wind," which are set to go live in mainland China in the second half of 2024 and the first half of 2025, respectively, along with the stable performance of "Shining Name" [1] - The company plans to launch seven different types of game products globally between the second half of 2025 and 2027 to diversify its game portfolio [1]

8月22日，祖龙娱乐（09990）发布2025年中期业绩公告。2025年上半年实现营业收入6.343亿元，同比 增长44.4%，考虑到2024年增速为25.6%、2023年增速为55.5%，营业收入顺利实现"三连增"；经调整亏 损净额相较于上年同期缩减93.6%，经营状况持续改善。 对于业绩改善的原因，祖龙娱乐在业绩公告中表示，主要由于《龙族：卡塞尔之门》和《踏风行》分别 于2024年下半年和2025年上半年在中国大陆上线，以及《以闪亮之名》的持续稳定表现所致。 譬如，女性向手游《以闪亮之名》在1月份的单月利润创下游戏上线后的历史新高后，2025年上半年的 利润同比和环比均实现了显著增长，截至业绩公告日期，该游戏全球累计流水已经超过20亿元；《踏风 行》是一款由虚幻引擎4打造的中国风修真题材放置RPG手游，今年5月在中国大陆地区正式上线，预下 载当日即登顶iOS游戏免费榜榜首。 全球化是祖龙娱乐坚持不变的战略方针。在具体做法上，祖龙娱乐将进一步落实研运一体布局全球发 展，针对不同市场定制差异化策略，在继续坚持"走出去"的基础上，做好各地区市场的本土化深耕和价 值提升，稳扎稳打地实现更深层次发展。在每款产品发布 ...

Core Insights - The report by Qimai Data reveals the top mobile games in terms of downloads and revenue for May 2025, highlighting Tencent's dominance in both categories [1][5]. Download Rankings - The top three games in the download rankings are all developed by Tencent: "Delta Action" at rank 1, followed by "Honor of Kings" at rank 2, and "Peace Elite" at rank 3 [1][2]. - Tencent leads the download rankings with 12 games in the top 30, while NetEase has 5 games [5][9]. - New entries in the download rankings include 8 games, with 6 being newly launched in May, such as "Hot Blood Basketball" and "Victory Goddess: New Hope" [5][9]. Revenue Rankings - In the revenue rankings, "Honor of Kings" and "Peace Elite" hold the top two positions, with "Endless Winter" from Point Interactive at rank 3 [1][5]. - The revenue rankings also show Tencent's strong performance, with 13 games making it to the list [9]. Game Categories - Action games dominate the new entries in the download rankings, with 7 out of 8 new games falling into this category [5][9]. - The report indicates a growing trend in the action genre, reflecting consumer preferences in the mobile gaming market [5].