Shenzhen Bingchuan Network (300533.SZ) issues a forecasted loss, expecting a loss of 240 million to 340 million yuan in 2024, turning from a profit to a loss year-on-year.

Shenzhen Bingchuan Network (300533.SZ) released its annual performance forecast for 2024, expecting a net loss attributable to shareholders of the listed company of 240 million to 340 million yuan in 2024, a year-on-year change from profit to loss. During the reporting period, the company significantly increased its investment in overseas markets and new online products, with a focus on games such as "Hero Clash," "Epic War," "Titan War," "Kingdom Go!," "Love in the Air," and "Merge Topia," resulting in increased sales expenses and operating costs. During the reporting period, due to significantly higher overseas market traffic costs, the company's overseas market recovery period is longer compared to the domestic product recovery period. In addition, games like "X-hero," "Super World," and "Hero Clash" have had their revenue recognition period extended due to the prolongation of their lifecycle. As of December 31, 2024, the company's non-recurring gains and losses for the reporting period amounted to approximately 63 million yuan, mainly from government subsidies and deposit investment income.