---
title: "Brief News: Although the impairment loss has narrowed, CMGE still incurred a loss of 1.5 billion"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/279205970.md"
description: "Game operator CMGE Technology Group Limited issued a profit warning on Sunday, forecasting a loss of no more than 1.5 billion yuan for the year ending last year, and a loss of 2.1 billion yuan for 2024. The narrowing of losses is mainly due to a significant reduction in goodwill impairment of its subsidiary Beijing Wenmai Interactive Technology, as well as a decrease in impairment of other intangible assets and research and development expenses. On Monday, CMGE's stock opened flat at HKD 0.3, with its stock price declining over the past year"
datetime: "2026-03-16T05:15:47.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/279205970.md)
  - [en](https://longbridge.com/en/news/279205970.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/279205970.md)
---

# Brief News: Although the impairment loss has narrowed, CMGE still incurred a loss of 1.5 billion

Game operator **CMGE Technology Group Limited** (0302.HK) issued a **profit warning** on Sunday, forecasting a loss of no more than 1.5 billion yuan for the year ending last year, and a loss of 2.1 billion yuan for 2024.

The company stated that the narrowing of losses was mainly due to a significant reduction in goodwill impairment from its subsidiary Beijing Wenmai Interactive Technology during the period; additionally, impairments of other intangible assets, content supplier licenses, and R&D expenses also decreased. As for the fair value losses on financial assets, they were also lower than those in 2024.

CMGE opened flat at HKD 0.3 on Monday, with the company's stock price down % over the past year.

_Liu Zhiheng_

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