① The May domestic game version was released yesterday, and Shengtian Network's new game “Misty Park” was listed. The company chairman revealed at the performance conference today that the game is being polished; ② In addition to the two new games that have already been launched, Shengtian Network is also expected to launch 4 new games this year, of which “Age of Discovery: Sea Overlord” will be released on schedule this year; ③ The company's director said that the AI music product “Gimai” has achieved part of its revenue.
Financial Services Association, May 21 (Reporter Cui Ming) The May domestic game version was released yesterday, and the new game “Misty Park” under Shengtian Network (300494.SZ) is on the list. Chairman Lai Chunlin of the company revealed at the performance conference held today that “Mist Manor” is a product that combines social networking and mystery games. Currently, this game is being refined continuously.
According to financial reports, the company's net profit to mother in 2023 was 169 million yuan, a year-on-year decrease of 23.81%; in the first quarter of 2024, it achieved a net profit of 14.24 million yuan, a year-on-year decrease of 80.63%. Wang Junfang, director of the company, said at the performance meeting that the main reason for the year-on-year decline in performance was that the company faced a period of maturity for already launched games and strategic adjustments in the advertising business.
Wang Junfang further stated that the company is currently preparing to release new game products, but when the new products fail to contribute to the company's revenue, changes in the operating conditions of key products will still have a big impact on the company's performance.
Since this year, Shengtian Network has launched two key new products, “Chaoling Kingdom: Origins” and “Wings of Stars”. Among them, “Star Wings”, which was launched on April 18, received market attention. The game is a 3D mobile game with real-time competitive action fighting gameplay. Some investors expressed concern about the poor circulation of “Wings of Stars” at the performance meeting. Wang Junfang said in response that “Star Wings” is in line with expectations, the product quality is good, and it is expected to become a long-term operating product. “This product will continue to be updated and polished in the future, and more new gameplay will be launched.”
At the performance conference, Lai Chunlin revealed the company's key product launch progress this year. Among them, the IP game “Age of Discovery: Sea Overlord” is expected to be released this year; “Dynasty Warriors 8” is currently in the development stage, and it is expected that player testing and continuous additions to the content and depth of the version will be carried out within this year. “Sword and Knights” is expected to be officially released in the third quarter of this year; “Zero Domain Fantasy” is expected to be released on the game console in the second quarter of 2024.
In terms of indie games, Paras Studio, a subsidiary of Shengtian Network, signed 9 new games last year, which will be launched one after another. Among them, the key product “Legend of Living Heroes” is expected to be officially released on the Steam platform in the second quarter of this year.
In addition to game products, in response to investors' concerns about the AI music product “Giving Mai”, Wang Junfang said that “Giving Mai” is currently in the rapid iteration stage of product functions, and the number of users continues to increase. “Our operation focuses on enriching the product's content ecosystem and improving the user experience. Although we have achieved some revenue now, revenue is not the only goal at this stage.”