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Benign Growth For CMGE Technology Group Limited (HKG:302) Underpins Stock's 34% Plummet
Wanlian Securities: In February, China's gaming Industry grew steadily, with top companies showing excellent revenue performance.
In February, the Chinese game market maintained stable growth despite the impact of the Spring Festival, with mobile, client, and single-player markets performing even more prominently with new releases compared to the same period last year. Long-term products steadily operated activities, achieving double-digit year-on-year growth.
CMGE (0302.HK) is practicing IP alchemy, waiting for the resonance of product cycles and performance recovery.
On March 27, CMGE (0302.HK) released its Earnings Reports for 2024. Despite pressure in the Industry, its overseas Business and IP ecosystem exhibited strong resilience, particularly the explosive growth of its overseas Business and mini-games, which became key drivers of growth amidst adversity. With major game reserves such as "Naruto: The Leaf Village Hero" and "Code: Night Legend" ready to launch, CMGE, holding multiple new titles, is laying the groundwork for its next round of growth. 1. Rapid increase in overseas revenue share. In 2024, CMGE achieved total revenue of 1.93 billion yuan, impacted by multiple adverse factors including the Industry environment and R&D delays, resulting in a performance decline.
One CMGE Technology Group Limited (HKG:302) Analyst Just Slashed Their Estimates By A Significant 35%
CMGE (0302.HK) released its 2024 performance: facing challenges in transformation, focusing on core Global Strategy to welcome recovery.
On March 27, the Hong Kong-listed company CMGE (0302.HK) announced its performance report for the year 2024. The report shows that for the year ending December 31, 2024, the revenue was 1.93 billion yuan, with an adjusted net loss of 2.08 billion yuan.
CMGE (00302) announced its annual performance, with a loss of 2.111 billion yuan for the year.
CMGE (00302) announced its full-year results for the year ended December 31, 2024, with revenue of 1.93 billion yuan...
