Rastar Group

Rastar Group released its 2026 semi-annual report on the evening of August 28. During the reporting period, the company achieved operating revenue of 517 million yuan and net profit attributable to the parent of 92.469 million yuan, a relatively large year-on-year decline, mainly because the company divested its football club business in October 2025. Excluding the impact of that business and using the same statistical scope, net profit attributable to the parent grew 85.87% year-on-year in the first half. After divesting a 99.66% stake in RCD Espanyol, Rastar Group formally transformed from a three-pillar structure of gaming, toys, and football into a dual-core focus on gaming and toys. At the end of the reporting period, total interest-bearing debt fell to 719 million yuan, and the asset-liability ratio dropped to 35.18%. In the first half, the company's gaming business achieved main operating revenue of 314 million yuan, accounting for 60.69% of total operating revenue, and net profit of 78.2776 million yuan, a sharp year-on-year increase of 957.09%, making it the core engine driving the company's profit improvement. Meanwhile, the toy business achieved main operating revenue of 183 million yuan and net profit of 34.9598 million yuan, with net profit maintaining a steady growth trend. The company is actively promoting the deep application of AI technology in game development, intelligent operations, and customer service. Leveraging high-quality IP resources such as the Heroes of the Three Kingdoms series, it is exploring new content formats and monetization models, and its dual-engine strategy of AI plus IP is gradually showing results.