Press Release

Understanding CMGE's (0302.HK) Path to Stable Growth from its Mid-term Report
Sep 04, 2023 18:00 JST

On August 28, CMGE (0302.HK) held its mid-term performance conference for 2023. Xiao Jian, the Executive Director, Chairman and CEO of CMGE, announcing H1 2023 results, said CMGE's revenue reached RMB 1.535 billion, with a year-on-year growth of 24.6%; the profit attributable to the owner of the parent company during the period was RMB 56.824 million, and the net profit after adjustment was RMB 76.168 million, achieving a year-on-year turnaround.
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CMGE Shares Jump Following 2022 Results Announcement; R&D investment increased 69.5%
Mar 30, 2023 17:00 JST

According to the latest financial report published by CMGE Technology Group Ltd (0302.HK), operating revenue in 2022 was RMB 2,714 million, a year-on-year decrease of 31.4%, with a net loss of RMB 217 million.
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CMGE's (0302.HK) seven-fold growth in international revenues: an emerging growth engine Apr 13, 2022 15:00 JST Despite regulation and a suspension of new game licenses in China, CMGE (0302.HK) grossed RMB3,957 billion in 2021, representing a year-on-year increase of 3.6%, according to its 2021 annual earnings report. More info..

Following CMGE's Footprints through its 2021 Interim Financial Report Sep 08, 2021 17:00 JST CMGE released its interim financial report, for the First Half 2021, recording total revenue of RMB2.18 billion, gross profit of RMB840 million and adjusted net profit of RMB402 million, representing increases of 27.2%, 58% and 17.6% respectively, compared with the First Half 2020. More info..

Interpreting the underlying logic of CMGE's adjusted net profit increase of 32.1%
Mar 30, 2021 21:00 JST

In the mobile Internet era, games have become another important place for online entertainment after reading, music, and video. Especially in the post-epidemic era, games have fully played their social attributes. The era of national games has come, in which the development of mobile game market is particularly outstanding.
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Quamnet Outstanding Enterprise Awards (QOEA) 2020 Ceremony Successfully Held 3 - 4 February in Hong Kong
Feb 25, 2021 14:00 JST

The Award Ceremony of Quamnet Outstanding Enterprise Awards (QOEA) 2020 was successfully held on 3 and 4 February 2021 at Regal Kowloon Hotel. 12 awarded companies' representatives and honourable guests attended and witnessed the 12th Anniversary of the Awards.
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CMGE Responds to Allegations of Questionable Business Practices
Jan 29, 2015 14:47 JST

China Mobile Games and Entertainment Group Limited (CMGE), the largest publisher and aleading developer of mobile games in China, stated in response to allegations made by a USshort seller recently that the allegations have confused the connections between ShenzhenZhongzheng Ruanyin Science and Technology (Zhongzheng) and CMGE.

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Nomura says Buy CMGE on Rich IP Resources and Solid Growth, Target Price US$32 Nov 26, 2014 18:48 JST Nomura issued a report on China Mobile Games and Entertainment Group Limited ("CMGE" or the "Company") (Nasdaq: CMGE) on 18th November, 2014. The stock rating maintains "Buy" and the target price has raised to US$32.00. More info..

Barclays Maintains "Overweight" Rate and Raises the Target Price to US$32.00 on China Mobile Games & Entertainment Group (Nasdaq: CMGE)
Nov 19, 2014 11:36 JST

Barclays issued a report on China Mobile Games and Entertainment Group Limited ("CMGE" or the "Company") (Nasdaq: CMGE) on 18th November, 2014. The stock rating maintains "Overweight" and the target price has raised by 3% from US$31.00 to US$32.00.

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China Mobile Games & Entertainment Group Fundamentals Still Solid; Buy into Dips Oct 13, 2014 19:00 JST CICC maintain "BUY" rate and raise the target price by 32% from US$19 to US$25 on China Mobile Games and Entertainment Group Limited ("CMGE" or the "Company") (Nasdaq: CMGE), a leading mobile game company in China. More info..

CMGE Records Strong Growth in Second Quarter 2014; Net Revenue Recorded Increase of 281.4% Aug 20, 2014 12:50 JST China Mobile Games and Entertainment Group Limited ("CMGE" or the "Company") (Nasdaq: CMGE), a leading mobile game company in China, reported its unaudited financial results for the second quarter ended June 30, 2014. More info..

CMGE Secured its First Global Title Sponsorship for WECG 2014 Global Grand Final in China this December
Jun 17, 2014 18:20 JST

World e-Sports Championship Games ("WECG"), co-produced by Aegis Gaming Networks Inc.(AGN), an organizer for global e-sports & cultural events, and Global Mobile Game Confederation (GMGC), today observed its grand opening in Kerry Hotel Pudong, Shanghai. Over 200 CEOs, such as Shanda Games CEO Zhang Xiangdong and CMGE CEO Xiao Jian, together with other well-known e-sports players Ma Tianyuan and Ruofeng, etc attended the event.

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CMGE Reports First Quarter 2014 Unaudited Financial Results May 16, 2014 19:40 JST China Mobile Games and Entertainment Group Limited ("CMGE" or the "Company") (Nasdaq: CMGE), a leading mobile game company in China, today reported its unaudited financial results for the first quarter ended March 31, 2014. More info..

Barclays Initiates Coverage of CMGE with an Overweight Rating and a 12-month Price Target of US$32 Apr 04, 2014 13:02 JST Barclays initiates coverage of China Mobile Games and Entertainment Group Limited ("CMGE" or the "Company") (Nasdaq: CMGE), the largest publisher and a leading developer of mobile games in China, with an Overweight rating and a 12-month price target of US$32. More info..

China Mobile Games and Entertainment Group Limited Announces Pricing of Follow-on Public Offering of 3,442,000 American Depositary Shares
Mar 24, 2014 17:10 JST

China Mobile Games and Entertainment Group Limited ("CMGE" or the "Company") (Nasdaq:CMGE), the largest publisher and a leading developer of mobile games in China, announced on March 21, 2014 that it priced the follow-on public offering of 3,442,000 American depositary shares ("ADSs") of the Company at US$24.00 per ADS. Each ADS represents 14 Class A ordinary shares, par value US$0.001 per ordinary share.

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