Qingci Games Boosts Profit Despite Revenue and User Declines in 2025

An update from Qingci Games, Inc. ( (HK:6633) ) is now available.

Qingci Games reported 2025 revenue of RMB456.1 million, down 27% year on year, while gross profit fell 28% to RMB261.3 million, but net profit surged 162% to RMB123.3 million, with profit attributable to equity holders up 138%. Operating metrics showed average monthly active users halved and paying users declined 39%, though average revenue per paying user rose 8% and cumulative registered players grew modestly, highlighting a leaner but more monetized user base and a focus on operational efficiency.

The company’s mixed results underscore a challenging environment for mobile gaming in China and abroad, where overall traffic is under pressure but monetization and cost management can still support profit growth. By leveraging its portfolio of self-developed and in-licensed games and its established publishing capabilities, Qingci Games appears to be prioritizing profitability and deeper engagement with paying users over scale, a strategy with implications for future growth, user acquisition spending and competitive positioning in the mobile games market.

The most recent analyst rating on (HK:6633) stock is a Buy with a HK$3.00 price target. To see the full list of analyst forecasts on Qingci Games, Inc. stock, see the HK:6633 Stock Forecast page.

More about Qingci Games, Inc.

Qingci Games Inc. is a Cayman Islands–incorporated mobile game developer and publisher focused on the Chinese market and major overseas regions. The company engages in the research and development, publication and long-term operation of both self-developed and in-licensed mobile titles, aiming to deliver distinctive, immersive gaming experiences while sustaining commercial returns.

Average Trading Volume: 100,343

Technical Sentiment Signal: Sell

Current Market Cap: HK$2.11B

Learn more about 6633 stock on TipRanks’ Stock Analysis page.