On the afternoon of November 27, Hong Kong's gaming sector saw a standout performance as CMGE (00302.HK) surged 5.56% in a rapid uptick. Market analysts attribute this movement to the company's breakthroughs in mini-game global expansion and the deepening operational success of its IP ecosystem.

Mini-game globalization has become a key growth engine for CMGE. According to its mid-2025 earnings report, the mini-game "Spring and Autumn Mysteries" achieved cumulative revenue exceeding 100 million yuan within three months of launch, securing a spot in WeChat's top 10 best-selling games—demonstrating strong monetization capabilities.

The sustained cultivation and value realization of its IP ecosystem provide solid support for the stock price. Among CMGE's 18 upcoming titles slated for 2025, 11 are IP-derived games such as "New Three Kingdoms: Legend of Cao Cao" and "Naruto: Konoha Masters." Most have already obtained licenses and are set for release in the second half, fueling future growth momentum.

Notably, CMGE's operating cash flow turned positive in H1 2025, reaching 108 million yuan. Coupled with the incremental potential of mini-game globalization and IP monetization, the company is poised to reach an inflection point in profit recovery. Upcoming launches like "Project: Night Legend" and advancements in Web3 initiatives are expected to further strengthen its growth trajectory.