Summary by Futu AI
Chanyou Technology announced its mid-term financial report on June 30, 2024, showing a decline in both revenue and profit. During the reporting period, the company's revenue was approximately RMB 934.3 million, a decrease of 8.2% compared to the same period last year; gross profit was approximately RMB 492.9 million, a decrease of 22.5%; net profit was approximately RMB 309.8 million, a decrease of 23.4%. Earnings per share was RMB 30.72. The company stated that the decrease in revenue was mainly due to a decrease in paid users of chess and card games and a decrease in ARPPU. Chanyou Technology focuses on the chess and leisure gaming business and actively expands overseas markets. During the period, the company launched new gameplay and optimized game products, and improved its operational level through artificial intelligence technology. The company did not declare a mid-term dividend and will continue to monitor changes in the gaming industry policy to ensure compliance in operations.