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SHE:002602

7 stories mentioning SHE:002602Updated 1d ago

Every FINWIRES story that references SHE:002602, newest first.

Asia

CSRC Orders Four Century Huatong Entities to Rectify Unfulfilled Restructuring Commitments

The China Securities Regulatory Commission has ordered four entities tied to Zhejiang Century Huatong (SHE:002602) to rectify unfulfilled compensation and guarantee obligations linked to a 2019 asset restructuring, according to a Wednesday Shenzhen bourse filing.The entities, including former controlling shareholder Zhejiang Huatong Holding Group, failed to execute agreements triggered after an acquired subsidiary missed its 2020 performance targets following a downward profit adjustment.Century Huatong's shares fell more than 2% in recent trade.

SHE:002602
Asia

Zhejiang Century Expects H1 Profit to Jump Up to 80%; Shares Up 3%

Zhejiang Century Huatong (SHE:002602) expects its net profit attributable to shareholders in the first half to jump by between 62% and 80% year on year to a range of 4.30 billion yuan to 4.77 billion yuan, according to a Shenzhen bourse filing on Wednesday.The attributable profit a year earlier was 2.66 billion yuan.Earnings per share are expected to increase to between 0.59 yuan and 0.66 yuan from 0.37 yuan in the previous year.Operating revenue is also expected to climb 28% year on year to 22 billion yuan.The Chinese game developer's shares rose 3% during the afternoon trade.

SHE:002602
Asia

Zhejiang Century Huatong Subsidiary to Invest 150 Million Yuan in Tech Fund

Zhejiang Century Huatong (SHE:002602) subsidiary Shanghai Shengqu Shumeng Enterprise Management will invest 150 million yuan in the Tianjin Lisi Xingque Venture Capital Partnership, according to a Saturday filing with the Shenzhen bourse.The amount is equivalent to 35.4610% of the entire partnership. The partnership is valid for five years.The fund invests in digital technology and software technology development companies.

SHE:002602
Asia

Market Chatter: Alibaba Looks to Sell Lingxi Games Arm

Alibaba (HKG:9988) is looking to sell its Lingxi Games division for 7 billion yuan to 9 billion yuan, The Standard and other mainland media reported Tuesday.China Ruyi (HKG:0136), 37 Interactive Entertainment Network Technology (SHE:002555), Zhejiang Century Huatong Group (SHE:002602), and Giant Network (SHE:002558) are among the buyers, the reports said.Alibaba, Ruyi, 37 Interactive, Century, and Giant Network did not immediately respond to requests for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

HKG:0136HKG:9988SHE:002555SHE:002558SHE:002602
Asia

China Sees Mixed Trade as Manufacturing Sector Growth Slows; Century Huatong Shares Fall 9%

Chinese shares were mixed on Thursday amid slower growth in China's manufacturing sector and ahead of the Labor Day holiday.The Shanghai Composite Index, the main gauge of Chinese stocks, ticked up 0.1% to 4,112.16. The Shenzhen Component Index declined 0.1% to 15,107.55.China's manufacturing purchasing managers' index was down 0.1 of a percentage point month on month to 50.3% in April.The production and new orders sub-indices remained above the critical point at 51.5% and 50.6%, respectively. The remaining sub-indices for raw material, employment and supplier delivery time were below the critical points at 49.3%, 48.8% and 49.5%, respectively.Meanwhile, the non-manufacturing business activity index was 49.4%, down 0.7 of a percentage point from March. The composite PMI output index was 50.1%, down 0.4 of a percentage point.In company news, Zhejiang Century Huatong Group (SHE:002602) posted first-quarter attributable net profit of 2.03 billion yuan, up 35% from 1.35 billion yuan the previous year. Shares of the game developer were down 9% Thursday.

Shanghai Composite^SZSESHE:002602
Asia

Century Huatong Q1 Profit Rises 35%; Shares Fall 7%

Zhejiang Century Huatong Group (SHE:002602) posted first-quarter attributable net profit of 2.03 billion yuan, up 50% from 1.35 billion yuan the previous year.Earnings per share rose to 0.28 yuan from 0.19 yuan, according to a Thursday filing on the Shenzhen bourse.Operating revenue climbed 35% year over year to 11.0 billion yuan from 8.14 billion yuan.Shares of the game developer were down 7% in recent trade.

SHE:002602
Asia

Century Huatong's 2025 Profit Surges Nearly Fivefold; Shares Slide 6%

Zhejiang Century Huatong Group (SHE:002602) posted attributable net profit of 5.61 billion yuan for 2025, up 362% from 1.21 billion yuan the previous year.Earnings per share rose to 0.78 yuan from 0.17 yuan, according to a Thursday filing on the Shenzhen bourse.Operating revenue climbed 68% year over year to 37.9 billion yuan from 22.6 billion yuan.Shares of the game developer were down 6% in recent trade.

SHE:002602

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