Recently, QINGCI GAMES released its 2025 interim financial report. While reviewing the financial data, attention was also drawn to Yang Xu, the president of QINGCI GAMES. Here's a detailed look at his background and experience.
According to information from Tianyancha, Yang Xu was born in 1981. He joined Xiamen Gigabit Network Technology Co., Ltd. in December 2005 as a producer, participating in the development of multiple online games and network games. In March 2012, Yang Xu founded Qingci Group and served as general manager until August 2019. After August 2019, he was promoted to group president, taking full responsibility for company operations and management. On June 19, 2021, Yang Xu was appointed as executive director and chairman of the board, primarily responsible for the group's overall strategic planning and R&D direction.
Yang Xu's compensation for 2024 was 2.663 million yuan, placing him at the upper-middle level among QINGCI GAMES' senior management. In comparison, Chief Financial Officer Liu Siming's compensation last year was 2.853 million yuan, slightly higher than President Yang Xu's.
QINGCI GAMES' 2025 interim report shows that for the six months ended June 30, 2025, the company achieved revenue of approximately RMB 247 million, down 27.86% from RMB 343 million in the same period last year. Despite the revenue decline, through improved cost control, the company's net profit increased, with profit attributable to equity holders reaching RMB 70.26 million, up 55.92% year-on-year.
In terms of key operational metrics, cumulative registered players reached 100 million, up 7.56% year-on-year. However, average monthly active users and average monthly paying users declined by 47.50% and 44.40% respectively to 1.144 million and 140,600, mainly due to some games entering their mature phase. Average revenue per paying user increased by 5.26% to RMB 289.79.