Be friends hldg Limited ("the Company") announces its unaudited interim results for the six months ended 30 June 2024. The Company and its subsidiaries ("the Group") recorded a revenue of approximately RMB 622.1 million during this period, representing an increase of approximately 43.8% compared to the same period last year; a net profit of approximately RMB 83.8 million, representing an increase of approximately 93.8%. Adjusted net profit, after non-Hong Kong Financial Reporting Standards, was approximately RMB 110.7 million, representing an increase of approximately 17.0%. The revenue from the new media service sector was approximately RMB 563.6 million, an increase of approximately 43.9%, while the revenue from the broadcasting and television business sector was approximately RMB 58.4 million, an increase of approximately 42.6%. The Group completed commodity trading transactions totaling approximately RMB...Show More

Be friends hldg Limited ("the Company") announces its unaudited interim results for the six months ended 30 June 2024. The Company and its subsidiaries ("the Group") recorded a revenue of approximately RMB 622.1 million during this period, representing an increase of approximately 43.8% compared to the same period last year; a net profit of approximately RMB 83.8 million, representing an increase of approximately 93.8%. Adjusted net profit, after non-Hong Kong Financial Reporting Standards, was approximately RMB 110.7 million, representing an increase of approximately 17.0%. The revenue from the new media service sector was approximately RMB 563.6 million, an increase of approximately 43.9%, while the revenue from the broadcasting and television business sector was approximately RMB 58.4 million, an increase of approximately 42.6%. The Group completed commodity trading transactions totaling approximately RMB 5.96 billion on new media platforms during the interim period, representing an increase of approximately 18.2%, and maintained a leading position in the live streaming e-commerce sector. The Group is also actively investing in the research and development of artificial intelligence ("AI") live streaming projects to enhance operational efficiency and level of intelligence. In addition, the Group plans to utilize up to HKD 30 million of its own funds to repurchase the Company's shares on the open market, in order to optimize its capital structure and strengthen investor confidence.