Summary by Futu AI
ZX INC announced its mid-term financial report on June 30, 2024, showing a revenue of 3,225,776 thousand RMB during the period, slightly lower than the 3,400,091 thousand RMB in the same period last year. The gross profit increased from 2,294,078 thousand RMB last year to 2,364,169 thousand RMB. However, the company incurred a loss of 384,953 thousand RMB during the period, compared to a profit of 300,261 thousand RMB in the same period last year. The report indicated that the loss was mainly due to increased investment losses, as well as rising sales and distribution expenses. In addition, the company announced that Ms. Liang Wenhong will succeed Mr. Wu Xubo as the CEO starting from August 30, 2024, while Mr. Wu will continue to serve as the chairman of the board of directors. ZX INC continues to innovate and develop in the mobile gaming sector, promoting multiple multilingual games in the global market to achieve cultural output and business expansion. The company will uphold the concept of technological innovation in the future and advance its global strategic pace.
