Game operator CMGE Technology Group Ltd. (0302.HK) said on Sunday it expects to report a net loss of up to 1.5 billion yuan ($217 million) for 2025, improving from a loss of 2.1 billion yuan in 2024.
The company attributed last year’s narrower loss mostly to a significant reduction in goodwill impairment related to its Beijing Wenmai Hudong Technology subsidiary in 2025. Additionally, its impairment charges on other intangible assets, content provider licenses, and R&D expenses also decreased. The company’s fair value losses on financial assets last year were also lower compared with 2024.
Shares of CMGE opened flat at HK$0.30 on Monday. The stock is down 55% from its 52-week high.
By Lau Chi Hang
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