The Zhitong Finance App learned that Zulong Entertainment (09990) rose more than 9% in the intraday period. As of press release, it had risen 7.59% to HK$1.56, with a turnover of HK$2,510,600.
According to the news, the State Press and Publication Administration recently released approval information for domestic online games in April 2024. A total of 95 games have been approved, including Zulong Entertainment's “Dragon Clan: Cassel's Gate”. According to reports, this game is a strategy card game developed by Zulong himself. It was originally called “Project E” or “Code Name: Golden Eyes”.
Capital Securities previously stated that the “Dragon Clan” IP has a wide audience and that high-quality card games based on UE4 are scarce, and the bank is optimistic about the product's contribution to the company's profit after launch. It is worth mentioning that “Dragon Fantasy” launched by Zulong at the end of 2018 was also based on Dragon IP. As of December 31, 2023, the cumulative turnover exceeded 4.4 billion yuan.