Dianhun Network expects a net loss attributable to the parent of 47 million to 65 million yuan for the first half of 2026, compared with a loss of 9.34 million yuan in the same period last year. The company's actual controller, controlling shareholder, and chairman Hu Jianping reduced his holdings by about 4.65 million shares through block trades and centralized bidding, lowering his stake from 7.66 percent to 5.78 percent. The total reduction amount was 64.36 million yuan, representing a 1.88 percent stake reduction, against an original plan to reduce no more than 1.92 percent. The reduction plan has been terminated early. The main reasons for the expected loss are a year-on-year decline in recharge revenue from older titles such as Dream of Three Kingdoms 2, increased selling expenses from market launches of some new products, and significant exchange losses due to the depreciation of the US dollar against the yuan. Dianhun Network's 2025 revenue fell to 385 million yuan, the lowest since its listing, and its annual loss of 214 million yuan marked its first loss since going public. Revenue from the Dream of Three Kingdoms series of PC games accounted for 60.66 percent of the total, and the game has been in operation for more than 15 years.
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