The Zhitong Finance App learned that Yinguniverse (03,700) rose more than 26% after the results. As of press release, it had risen 15.38% to HK$0.9, with a turnover of HK$16.293 million.

According to the news, Yinguniverse announced its annual results. During the period, the Group's total revenue was 6.84 billion yuan, up 8.3% year on year; net profit was 40 billion yuan, up 337.8% year on year; final interest of 4.12 HK cents was paid, with no dividends for the same period last year. Ying Yu said that the increase in revenue and profit may be due to the growth of the short drama business. According to reports, in 2023, the revenue of the Yingyu Short Drama business segment reached 960 million yuan, contributing 14% of the Group's total revenue.

Additionally, the company said the board of directors has approved a budget of $100 million for the Group to purchase cryptocurrencies on any regulated and licensed trading platform within the next five years from the date of this announcement. The Group will be funded from its existing cash reserves for cryptocurrency purchases. Regarding the purchase of cryptocurrencies, the Group is confident about the future of the Web3 industry, and investing in cryptocurrencies is an important part of the Group's Web3 business development strategy and asset allocation strategy.