Hubei Century Network Technology Co Ltd

Century Network announced that it plans to change the use of part of its raised funds, redirecting the unused portion of funds from the Cloud Gaming Service Platform Project to the Wuhan Integrated Operations Center Project and to supplement working capital. At the same time, the expected date when the cloud gaming service platform project will be ready for use has been adjusted from December 31, 2026, to December 31, 2027.

Century Network released its 2026 interim report. Total operating revenue was 564 million yuan, down 10.87 percent year on year. Net profit attributable to the parent company was a loss of 119 million yuan, swinging from profit to loss and down 326.62 percent year on year. Net cash flow from operating activities was a negative 60.4485 million yuan, down 8031.08 percent year on year. The company's asset-liability ratio was 11.00 percent, gross margin was 14.38 percent, return on equity was negative 8.95 percent, and diluted earnings per share was negative 0.24 yuan. The number of shareholders was 42,800, and the top ten shareholders held 36.28 percent of total share capital.

Century Network remained tight-lipped about operating data for its high-profile new title Dynasty Warriors Mobile during an earnings briefing, saying only that it is in the early stages of operation and has gained some market influence and industry exposure, without providing core metrics such as gross revenue or retention. The game, developed in-house by Century Games and officially licensed by Koei Tecmo, launched on June 24 and was expected to reverse the company's declining fortunes. In the first quarter, the company reported revenue of 279 million yuan, down 11.21 percent year-on-year, with net profit attributable to shareholders of just 4.4517 million yuan, plunging 82.49 percent year-on-year. Non-recurring net profit swung to a loss of 2.0901 million yuan, and net cash flow from operating activities was negative 67.2312 million yuan. In response to its share price hitting a record low, the company said the stock price is affected by multiple factors and emphasized its sound business fundamentals, but the first-quarter figures have left investors unconvinced. The company has scheduled its semi-annual report for disclosure on August 27, which will reveal the game's true performance.