TANWAN (09890) surged over 8% in early trading. As of press time, the stock was up 7.65% at HK$16.18, with turnover of HK$125 million.

On the news front, Zhongxu Future recently announced a name change to "TANWAN," while the company integrated and upgraded its overseas brand to "Game Lovin" this year. According to reports, the company achieved operating revenue of RMB 20.05 billion in the first half of the year and recorded net profit of RMB 6.50 billion, successfully turning from loss to profit. During the period, overseas gaming business revenue grew 9.2% year-on-year to RMB 314 million, with its share of total revenue rising to 15.6%.

Key games have swept overseas markets. As of the first half of 2025, TANWAN has successfully published and operated over 30 multilingual products across Southeast Asia, Hong Kong, Macau and Taiwan, Japan and Korea, Europe and the United States, and the Middle East, establishing a solid market foundation.

Notably, the company announced at the end of August that based on the classic gaming IP "Miracle MU," the group will operate and publish a new mobile game "New Moon Continent." In recent years, the "Miracle MU" IP has continuously innovated, expanding from PC games to web games, mobile games and other formats. As an important component of the group's classic IP product strategic system, the launch of the new masterpiece "New Moon Continent" not only demonstrates the group's strategic determination in cultivating premium game publishing but also provides advance positioning for the group's global IP product distribution and operation.