ZX (HKG:9890) expects a net profit of between 10 million yuan and 50 million yuan for the year 2024, down from 273.3 million yuan a year prior, a Tuesday filing by the online game publisher with the Hong Kong bourse said.

The lower anticipated profit was mainly due to a decrease in revenue from certain segments, new games not having fully realized their revenue contribution potential, a decrease in fair value gains on financial assets at fair value through profit or loss, and a higher asset impairment loss.