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Hong Kong stock movement | CMGE (00302) rose nearly 6% as the launch of "Sword and Fairy World" is imminent, and institutions hold an optimistic view on the company's performance for the fiscal year 2025.
CMGE (00302) rose nearly 6%, as of the time of writing, up 5.97%, priced at 0.71 Hong Kong dollars, with a transaction volume of 2.7158 million Hong Kong dollars.
Is the surge of digital force at the BSE a sign that the gaming industry will finally break the ice for listings?
The biggest customer is Tencent.
CMGE (0302.HK): "The Legend of Sword and Fairy World" made a strong debut on February 19, and the IP's Global copyright has strengthened its growth genes.
Recently, CMGE announced that its first open-world game, 'Sword and Fairy World', will officially launch on February 19 after the New Year. Considering the concentration of many game product releases around the upcoming Spring Festival, 'Sword and Fairy World', as the first domestic open-world game with a national style of fairy tales, has adjusted its launch time from before the Spring Festival to after, delaying it by 40 days to gain more exposure at the start. During this delay, the official team can further refine the game's content and quality. At the same time, to compensate for the inconvenience caused to players by the change in launch time, the official team has prepared a series of compensation content, including the rare mount 'Azure Dragon', and additional limited gifts.
In December, both domestic and imported game licenses were released! A total of 1416 licenses have been issued this year, the highest in the past five years.
① A total of 122 domestic games and 13 imported new games were approved today, marking the third consecutive month of simultaneous issuance of domestic and imported game licenses. Major games from Tencent and NetEase received approvals, along with several other publicly listed game companies also achieving gains. ② As of the time of writing, 1,416 new games have obtained licenses this year, the highest total in nearly five years.
Sensor Tower: In November, 35 Chinese mobile game companies collectively earned 1.87 billion USD, accounting for 34.8% of the income of the Global TOP 100 mobile game publishers.
The Sensor Tower store intelligence platform shows that in November 2024, 35 Chinese companies made it to the Global mobile game publisher revenue ranking TOP 100, collectively earning 1.87 billion dollars, accounting for 34.8% of the total revenue of the Global TOP 100 mobile game publishers this period.
The gaming industry will welcome two major conferences! Representatives from dozens of gaming companies will share the stage to discuss topics such as 2D, AI, overseas expansion, and casual games.
As the year-end approaches, the Beijing Shougang International Exhibition Center will host two major annual events in the gaming industry: the 2024 China eSports Industry Annual Conference will be held on December 10-11; the 2024 China Game Industry Annual Conference will take place on December 12-13. Representatives from listed gaming companies including Tencent, netease, 37 interactive entertainment network technology group, special treat Huatuo, and kingnet network will attend and will share insights on topics such as eSports, game AI, and overseas expansion.
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