China Ruyi Holdings (136) H2 2025 earnings summary

Executive summary

• Achieved a net profit of RMB1,786 million for 2025, reversing a loss of RMB207 million in 2024, driven by gaming business growth and cost optimization.

• Revenue declined to RMB3,343 million from RMB3,671 million year-over-year, mainly due to industry cycles and content scheduling.

• Adjusted net profit rose 84% year-over-year to RMB1,963 million, reflecting improved profitability and business resilience.

• Strategic focus on a three-pillar business model: games (cash flow), content (performance elasticity), and AI (efficiency).

Financial highlights

• Net profit: RMB1,786 million (2025) vs. net loss RMB207 million (2024).

• Revenue: RMB3,343 million (2025), down from RMB3,671 million (2024).

• Adjusted net profit: RMB1,963 million (2025) vs. RMB1,065 million (2024).

• Adjusted net profit margin: 59% (2025) vs. 29% (2024).

• Basic and diluted EPS: RMB0.11419 (2025) vs. RMB-0.01570 (2024).

Outlook and guidance

• Plans to deepen AI integration, expand global IP partnerships, and diversify content pipeline.

• Focus on sustainable growth through technology-driven efficiency and international expansion.