Glacier Network disclosed its earnings forecast, expecting a net loss attributable to the parent company of 18.5 million to 26 million yuan in the first half of 2026, compared with a profit of 336 million yuan in the same period last year. The net loss after deducting non-recurring items is expected to be 49.2 million to 56.7 million yuan, compared with a profit of 319 million yuan a year earlier. The change in performance is mainly due to a significant increase in sales expenses caused by the large-scale market launch of the new game X-Clash, while the recharge revenue of mature products such as X-hero, Super World, and HeroClash declined year-on-year. The incremental revenue from new games is not yet sufficient to offset the natural decline in revenue from mature products, leading to a year-on-year decrease in total operating revenue. Non-recurring gains and losses during the reporting period are estimated at 30.7 million yuan, mainly from wealth management income and government subsidies.
Shenzhen Bingchuan Network Co LtdExpects net loss of 18.5-26M yuan vs profit of 336M yuan last year, due to high sales expenses for new game and declining mature product revenue.