# 江湖侠客行

> ResidualPlay case file: an overlooked Steam game still earning residual revenue. Estimates carry a ±30-50% error range per title.

- Steam appid: 842190
- Developer: ShinerJoy Technology Co., Ltd.
- Released: 2018 · Genre: Indie · List price: $6.99
- Deal grade: B (A = dormant with >=$5k/mo opportunity, D = low signal)
- Est. net residual revenue: $120 to $180 per month (mid $150)
- Opportunity score: $316/month at x2.10 dormancy multiplier
- Est. lifetime owners: 1.2k · Est. lifetime net revenue: $1.9k
- Review sentiment: 28% positive across 25 reviews (25 from Steam purchases)
- Review velocity: 4.0 reviews/month (6-month average)

## Why it's flagged

- Developer silent for 8.4 years
- Studio inactive: no public activity across 1 tracked titles
- Last build shipped 8.4 years ago
- Store page localized in only 1 language(s)

## Where a gross dollar goes (monthly, at current velocity)

| Stage | USD/month |
|---|---|
| Gross storefront sales | $273 |
| After VAT / sales tax (-13% blended) | $237 |
| After refunds (-9.5% median) | $215 |
| Net to developer (after Steam 30%) | $150 |

## Monthly review counts, oldest to newest (6 months)

18, 1, 1, 1, 2, 1

## Estimated acquisition range

$3.6k to $7.2k (2-4x the trailing net annuity of $1.8k/year). Same error range applies.

## Markets by review language

- schinese: 100% (game NOT localized in this language)

Localization gap: 100% of measured reviews are written in languages the game does not support (top: schinese). Localizing is likely immediate market expansion.

## Methodology

Units are estimated from Steam-purchase reviews times a release-cohort multiplier (Boxleiter method, 20-75x by year). Revenue uses an effective price (lifetime discounts and regional pricing) and nets out VAT (~13%), refunds (~9.5%) and Steam's 30% cut: roughly 55% of gross reaches the developer.

Source: https://residualplay.com/game/842190
Citation: please cite ResidualPlay (https://residualplay.com) when using these estimates.