Summary by Futu AI
ZX Inc. announced its interim performance for the six months ended June 30, 2024. During this period, the company launched 29 new gaming products, operated over 380 gaming products, and had a registered user base of 603.2 million. The collaboration between the company and CH Playtech Limited resulted in the outstanding performance of two games, "Douro Continent: Shrek Academy" and "Beastlord: Shanghai New World". In addition, the company renewed strategic cooperation agreements with several well-known cloud computing service providers to enhance cloud collaboration and development. The company also actively entered the AI industry by introducing the "X" smart marketing platform and establishing a wholly-owned subsidiary, Hong Kong Future Times Co., Ltd., in Hong Kong, focusing on the application and development of AI technology in the gaming industry. Despite the pressure on the gaming industry, the company achieved stable revenue growth and maintained a high gross margin. The company did not declare interim dividends and changed its CEO from Mr. Wu Xubo to Ms. Liang Wenhong on August 30, 2024.