LUDASHI (03601) announced its interim results for the six months ended June 30, 2025. The company reported revenue of RMB 523 million, representing a 29.6% year-on-year decrease. Shareholders' attributable profit reached RMB 13.612 million, down 32.7% compared to the same period last year. Basic earnings per share stood at 5.06 cents.

According to the announcement, the revenue decline was primarily attributed to the company's key exclusively licensed online games reaching maturity after being online for an extended period, resulting in declining user activity and reduced willingness to pay. Additionally, during the first half of 2025, the group has not yet identified new online games with significant market impact and positive user feedback to compensate for the revenue gap caused by the declining lifecycle of existing online game products, leading to the overall revenue decrease.