An update from CMGE Technology Group Limited ( (HK:0302) ) is now available.
CMGE Technology Group Limited reported a challenging financial year in 2024, with a significant loss of RMB2,110.8 million despite generating a revenue of RMB1,930.1 million. The company faced difficulties due to geopolitical turbulence, a maturing gaming market, and delays in game launches, which impacted its financial performance. In response, CMGE plans to focus on business strategies that emphasize cost control and the development of high-quality IP games to strengthen its market position.
More about CMGE Technology Group Limited
CMGE Technology Group Limited operates in the gaming industry, focusing on the development and publishing of intellectual property (IP) quality games. The company has a strong market presence with a portfolio of popular games such as One Piece: the Road of the Strong and Legend of Sword and Fairy: Wen Qing. CMGE is committed to enhancing its offerings by launching new IP games between 2025 and 2026.
YTD Price Performance: -46.15%
Average Trading Volume: 10,568,704
Technical Sentiment Signal: Buy
Current Market Cap: HK$1.26B
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