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Zengame Technology Holding Limited's (HKG:2660) Most Bullish Insider, CEO Sheng Ye Must Be Pleased With the Recent 16% Gain
ZENGAME: Interim Report 2024
In the mid-year assessment of game stocks, who can break through the strong product cycle?
Against the backdrop of improving policy margins, the emergence of popular works can undoubtedly be seen as a "catalyst" for sector trends. However, based on the mid-term report, the fundamentals of the gaming industry are still highly differentiated, and investors may need to carefully select individual stocks in order to achieve excess returns.
"Forcing ordinary practitioners to quit? Mihoyo's Cai Haoyu's latest controversial statement sparks heated discussions."
①Mi Haoyou, the founder of Mihoyo, stated on social media that only top talents and those who develop games for their interests have logical significance in game creation. Other game developers may consider changing careers. ②Mi Haoyou's remarks, known as "extreme theories" by some, have sparked discussions in the gaming industry.
Zengame Reports Downturn but Pushes Innovation
Zengame (02660.HK): The net income adjusted in the first half of the year is 0.325 billion yuan, a decrease of 21.4% year-on-year.
On August 22, Zengame Technology (02660.HK) announced that in the first half of 2024, it achieved a revenue of 0.934 billion RMB, a year-on-year decrease of 8.2%; gross profit was 0.493 billion RMB, a year-on-year decrease of 22.5%; net profit during the period was 0.31 billion RMB, a year-on-year decrease of 23.4%; adjusted net profit under non-Hong Kong Financial Reporting Standards was 0.325 billion RMB, a year-on-year decrease of 21.4%; earnings per share were 0.31 RMB. In the first half of 2024, the group focused on core products, strengthened research and innovation, enhanced operations, and committed to continuously optimizing the user experience.
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