- Tanwan published an announcement of annual results for the year ended Dec. 31, 2025.
- Revenue fell 25.5% to RMB4.16 billion, which the company attributed mainly to lower self-run game revenue tied to publishing/marketing efficiency optimization and a strategic shift toward mini-program game publishing that reduced promotional scale for some titles.
- Profit for the year was RMB1.56 billion, while other income and gains rose to RMB1.88 billion due mainly to fair value gains on financial assets at fair value through profit or loss.
- Overseas business revenue increased 33.6% to RMB833.1 million and represented 20% of total revenue, up 8.9 percentage points.
- Management said it is focusing on an “AI + Games” strategy, including AI-enabled marketing and operations systems, and reported issuing HKD468 million of zero-coupon convertible bonds intended for AI-related business and equity investments.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Tanwan Inc. published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260327-12074545), on March 27, 2026, and is solely responsible for the information contained therein.
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