Summary by Futu AI
Feitian Cloud Technology Co., Ltd. (the “Company”) announces audited consolidated results for the year ended 31 December 2023. During the reporting period, the Company achieved operating income of RMB 1,244.7 million, an increase of 16.7% year-on-year; gross profit of 420.7 million, an increase of 12.5% year-on-year; and a year-on-year profit of 263.9 million, an increase of 11.6% year-on-year. The company's main businesses include AR/VR marketing services, AR/VR content and AR/VR SaaS services. During the reporting period, the company achieved revenue of $845.1 million in AR/VR marketing services, up 24.0% year-over-year; AR/VR content business achieved revenue of $334.0 million; AR/VR SaaS services business achieved revenue of $57.6 million, up 31.7% year-over-year. In November and December...Show More