The Zhitong Finance App learned that China Mobile Games (00302) rose by more than 4%. As of press release, it had risen 4.49% to HK$0.93, with a turnover of HK$8.586,800.
According to news, recently, the new Chinese mobile game “Destroy a Hammer” reached 32nd place in the WeChat game bestseller list, and also ranked in the TOP1 game category of games to eliminate all three in the tower defense category. The game achieved impressive performance of 75% paid retention and a pay7 retention rate of 45%, far exceeding the average performance of similar products. Financial reports show that the company's revenue from the mini game business last year exceeded 600 million yuan. According to reports, the company has sufficient product reserves this year, including a variety of IP games that have obtained version numbers and more than 10 mini games.
SDIC Securities said earlier that the company's game product line is getting richer, and the launch of new games will boost the steady growth of the company's performance, while the company continues to deepen its global layout to maximize the commercial value of IP. According to the Huajin Securities Research Report, the continuous distribution of versions provides vitality to the game ecosystem. New games perform well and are expected to further promote the development of the industry.