According to the Zhitong Finance App, Huafang Group (03611) announced its annual results for the year ended December 31, 2023. The group achieved revenue of 2.57 billion yuan (RMB, same below) during the period, a year-on-year decrease of 49.58%; losses attributable to shareholders were 797 million yuan; profit attributable to shareholders during the same period last year was 232 million yuan, a year-on-year profit of 232 million yuan, a year-on-year change of profit and loss; a basic loss of 0.8 yuan per share.

According to the announcement, the decrease in total revenue was mainly due to a decrease in revenue generated by live streaming and audio social networking services.