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The leading gaming company in Hong Kong, ZX INC (FunPlus) (09890), has shown results from its strategic investment in Zhejiang Century Huatong Group (002602.SZ).
Public data shows that Zhejiang Century Huatong Group achieved 8.145 billion yuan in the first quarter of 2025, with a revenue of 22.62 billion yuan in 2024, both historical highs.
ST Huatong: 2024 Annual Report
ST Huatong: 2024 Annual Report Summary
ST Huatong: 2025 First Quarter Report
Investors in Zhejiang Century Huatong GroupLtd (SZSE:002602) Have Seen Decent Returns of 59% Over the Past Year
The major shareholder's pledge ratio is nearly 100%, a significant downward revision of performance is anticipated, and the gaming giant Special Treat Huadong has multiple "troubles" | Quick read the announcement.
① On April 23, the stock price of Special Treat Hu Tong hit the daily limit down. By the close, the company's stock price was 6.70 yuan, down 3.87%; ② After this stock pledge, Wang Ji has pledged a total of 0.755 billion shares, accounting for 98.77% of his holdings in the company; ③ Special Treat Hu Tong has stated that striving to "Take off the Hat" is one of the important goals for the company by 2025, but the performance forecast for 2024 has been significantly revised down.
Investors Holding Back On Zhejiang Century Huatong Group Co.,Ltd (SZSE:002602)
