26 A-share gaming companies had nearly 190 billion yuan in revenue last year: over half saw a decline in net profit, with going overseas becoming the mainstream choice
Game companies have submitted their annual performance reports for 2024. Century Huatong, SANQI HUYU, and Ultrapower ranked as the top three A-share game companies in terms of operating revenue for 2024, with revenues of 22.62 billion yuan, 17.44 billion yuan, and 6.45 billion yuan, respectively, with Century Huatong and SANQI HUYU showing a clear lead. In terms of net profit, the top three are SANQI HUYU, Kaixin Network, and Ultrapower, with profits of 2.67 billion yuan, 1.63 billion yuan, and 1.43 billion yuan, respectively. Among the 26 A-share listed companies included in the statistics, more than half of the enterprises in the gaming industry experienced a year-on-year decline in revenue and profit growth last year, with the most significant profit decline seen in Xinghui Entertainment, which fell by over 1752% year-on-year
