HK Stock Market Move | CMGE (00302) fell by more than 15% after issuing a profit warning. It is expected that the mid-term loss will expand to a maximum of 650 million yuan.

CMGE (00302) fell more than 15%, as of the time of writing, it dropped by 15.87%, closing at 0.53 Hong Kong dollars, with a turnover of 70.268 million Hong Kong dollars. On the news front, CMGE issued a profit warning, expecting a loss of not more than 650 million yuan for the six months ending June 30, 2025, compared to a net loss of 241 million yuan in the same period last year. The increase in losses is mainly due to the flagship self-developed game "Xianjian World" not performing as expected after its release, with revenue decreasing by about 40% during the period; non-operating expenses increasing; and sales and distribution expenses increasing significantly.