Changyou Technology: Net profit is expected to decrease by 15.52% year-on-year in 2025, with a proposed dividend of 4 shares for every 10 shares held at 9 yuan.

Changyou Technology disclosed its annual report on April 27th, achieving a revenue of 1.178 billion yuan in 2025, a year-on-year increase of 12.2%; with a net profit attributable to shareholders of 88.8952 million yuan, a year-on-year decrease of 15.52%; and earnings per share of 2.09 yuan. The company plans to distribute a cash dividend of 9 yuan for every 10 shares, and to issue 4 bonus shares for every 10 shares. During the reporting period, the company benefited mainly from the overall recovery of the wind power industry and the continuous increase in downstream market demand, resulting in an increase in product shipments compared to the same period of the previous year. The company's profit and profit levels are under pressure, mainly due to a decrease in the gross profit margin and an increase in operating expenses. With the impact of industry price reductions and fluctuations in raw material prices like glass fiber and latex, the overall decline in product gross margin has had a certain impact on the company's overall operating performance.