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CENTURY HUATONG

CENTURY HUATONG released FY2025 earnings on April 29 After-Market (BJT), actual revenue CNY 37.9 B (forecast CNY 38.16 B), actual EPS CNY 0.78 (forecast CNY 0.7816)

CENTURY HUATONG released FY2026 Q1 earnings on April 29 After-Market (BJT), actual revenue CNY 11.01 B (forecast CNY 11.17 B), actual EPS CNY 0.28

CENTURY HUATONG released FY2025 Q4 earnings on April 29 After-Market (BJT), actual revenue CNY 10.67 B (forecast CNY 10.67 B), actual EPS CNY 0.1793 (forecast CNY 0.1395)

Century Huatong to Release FY2026 Q1 Earnings on April 30 After-Market BJT, Forecast Revenue CNY 11.17 B

CENTURY HUATONG to Release FY2025 Earnings on April 30 After-Market (BJT), Forecast Revenue CNY 38.16 B, EPS CNY 0.7816

Century Huatong Receives 900 Million RMB Loan Commitment from CMB for Stock Repurchase

Century Huatong's Three Games Lead Chinese Mobile Game Overseas Earning Rankings in October

CENTURY HUATONG released FY2025 Q3 earnings on October 30 During-Market (BJT), actual revenue CNY 10.02 B (forecast CNY 10.91 B), actual EPS CNY 0.2289 (forecast CNY 0.2381)

Century Huatong released FY2025 9 Months earnings on October 30 During-Market (BJT), actual revenue CNY 27.22 B, actual EPS CNY 0.599

CENTURY HUATONG to Release FY2025 Q3 Earnings on October 31 During-Market (BJT), Forecast Revenue CNY 10.91 B, EPS CNY 0.2381

CENTURY HUATONG released FY2025 Q2 earnings on August 29 After-Market (BJT), actual revenue CNY 9.062 B (forecast CNY 8.61 B), actual EPS CNY 0.1801 (forecast CNY 0.1705)

CENTURY HUATONG released FY2025 Semi-Annual earnings on August 29 After-Market (BJT), actual revenue CNY 17.21 B, actual EPS CNY 0.37

CENTURY HUATONG FY2025 Semi-Annual Earning Release on August 30, 2025 (BJT)

Century Huatong and Relevant Executives Receive Warning Letters from Zhejiang CSRC

Century Huachong Fails to Meet Earnings Expectations, Incurs Massive Investment Loss

ST Huatong Responds to Impact of Breaking Apple Payment Restrictions

Century Huatong released FY2025 Q1 earnings on April 28 After-Market (BJT), actual revenue CNY 8.145 B, actual EPS CNY 0.19

Century Huatong released FY2024 annual earnings on April 28 After-Market (BJT), actual revenue CNY 22.62 B (forecast CNY 22.49 B), actual EPS CNY 0.17 (forecast CNY 0.3223)

CENTURY HUATONG released FY2024 Q4 earnings on April 28 After-Market (BJT), actual revenue CNY 7.091 B (forecast CNY 6.964 B), actual EPS CNY -0.0854 (forecast CNY 0.0806)

Century Huatong FY2025 Q1 Earnings Release Scheduled for April 29 After-Market BJT

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Game operator CMGE Technology Group announced on Tuesday that it has agreed to sell approximately 123 million new shares to three investors at a price of HK$0.244 per share, representing a discount of about 6.15% to the previous day's closing price. This transaction will raise a net proceeds of HK$29.5 million (approximately US$3.77 million). The three investors are Secure Precision owned by Yang Mei, Tanwan Games, and Shengqu Technology Korean under CENTURY HUATONG. After completion, the new shares will account for approximately 3.93% of the company's enlarged share capital. CMGE stated that it will use the funds to support its game publishing business, including enhancing the operation and marketing of IP games

BambooWorks

CMGE

TANWAN

BRIEF: CMGE raises $3.8 million in share placement at 6% discount

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TCEHY

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Citi released a research report stating that the reasons for the sell-off of Chinese online gaming stocks are unreasonable, reiterating a "buy" rating for Tencent, NetEase, and CENTURY HUATONG. The market's concerns about the increase in value-added tax for online games are based on erroneous comparisons, and the actual VAT rate should be 6%, which is different from telecommunications services. Citi believes this sell-off is a buying opportunity, with target prices of HKD 783, USD 161, and RMB 24, respectively

AASTOCKS

NetEase

Tencent

TENCENT

ChinaAMC CSI Animation Game ETF

NETEASE MUSIC

AXA SPDB CSI Hugangshen Game and Culture Media ETF

Guotai CSI Animation Game ETF

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Tencent Holdings Limited

"Major Banks" Citigroup: The sell-off of Chinese online gaming stocks is unreasonable, reiterates "Buy" rating for Tencent and others

Shares of Century Huatong Group rose 4.8% to CNY19.76 after the company forecasted a fivefold increase in net profit for 2025, estimating it will reach between CNY5.6 billion and CNY7 billion. Revenue is expected to grow 68% to CNY38 billion. The company's flagship mobile game, Whiteout Survival, generated USD2.1 billion last year, maintaining its top-grossing position for 24 months. Century Huatong's subsidiary ranked second in global revenue among Chinese gaming companies, surpassing major competitors like NetEase and miHoYo.

Yicai

Century Huatong Gains After Chinese Game Developer Predicts Five-Fold Profit Surge in 2025

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Citi released a research report stating that although the total transaction volume of e-commerce platforms is affected by weak consumer sentiment at the end of Q4 2025, and the macro environment may remain weak in 2026, the demand for AI cloud services remains strong. Regulatory tightening and value-added tax pressure profitability for small and medium-sized merchants. Competition in the fields of food delivery, instant retail, and AI chatbots is intense, and corporate promotional spending may impact profitability. Citi's top picks are Tencent, Alibaba, Trip.com, NetEase, and CENTURY HUATONG

Alibaba

BABA-W

Citigroup expects strong demand for AI cloud services; the internet sector's top picks are Tencent, Alibaba, Ctrip, NetEase, and Century Huatong

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TCOM

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Citi released its outlook report for technology stocks in the Asia-Pacific region this year, listing its preferred Chinese technology stocks: Stock │ Investment Rating │ Target Price Tencent │ Buy │ HKD 751 Alibaba │ Buy │ USD 225 NetEase │ Buy │ USD 161 Trip.com │ Buy │ HKD 86 CENTURY HUATONG │ Buy │ RMB 22 J&T EXPRESS-W │ Buy │ HKD 12

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Trip.com

TRIP.COM-S

MEITUAN

Citi lists its top picks for Chinese tech stocks (Table)

Citi pointed out in a research report that the 2025 China Game Industry Annual Conference will be held in Shanghai in mid-month, which is expected to drive healthy market growth. The report emphasizes that factors such as policy support, innovation, and generative AI applications will promote the development of the gaming market. Citi reiterated Tencent, NetEase, and Century Huatong as preferred stocks, all rated "Buy," with a target price of 751 yuan for Tencent and 161 dollars for NetEase

In the report "Major Banks," Citigroup continues to list Tencent and NetEase as the top picks in the Chinese gaming market

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The "2025 China Game Industry Report" shows that this year, the sales revenue of China's game market is expected to reach 350.789 billion yuan, a year-on-year increase of 7.68%; the user scale will increase to 683 million, a year-on-year increase of 1.35%, both hitting historical highs. The revenue of the console game market is 8.362 billion yuan, a year-on-year increase of 86.33%. The revenue from mini-program games is 53.535 billion yuan, a year-on-year increase of 34.39%. The sales revenue of self-developed games in overseas markets is 20.455 billion USD, a year-on-year increase of 10.23%. The gaming industry is expected to maintain a high prosperity status, with A-share gaming leading stocks averaging an increase of nearly 44% this year

G-bits

This year, China's game revenue is expected to reach 350.7 billion RMB, with a user annual growth of 1.35%, both hitting historical highs

CENTURY HUATONG(002602.SZ)