INFINITIES TECH (01961) announced that the group expects to record a loss of between RMB 33 million and RMB 38 million for the six months ended June 30, 2025, compared to a loss of approximately RMB 19.5 million for the corresponding period ended June 30, 2024.
The board believes the group's performance decline is primarily attributable to several factors: The group's revenue decreased significantly compared to the corresponding period, mainly due to the completion of operating cycles for existing games while new games have not yet been launched. As a result, revenue generated by the group's mobile game segment decreased significantly. Additionally, revenue from digital media declined as the group has allocated all resources to developing new games. The situation was further compounded by increased impairment provision for trade receivables due to the unfavorable macroeconomic environment.