The Zhitong Finance App learned that Chizicheng Technology (09911) rose nearly 6%. As of press release, it had risen 5.93% to HK$2.86, with a turnover of HK$12.3273 million.

According to the news, Chizicheng Technology's total revenue in 2023 reached RMB 3.308 billion, an increase of 18% over the previous year. Among them, social business revenue reached 2,972 billion yuan, and innovation business revenue reached 336 million yuan; gross profit was about 1,722 million yuan, up 62.8% year on year; the company's net profit reached 761 million yuan, up 165% year on year; adjusted EBITDA reached 675 million yuan, up 80% year on year; and net profit to mother reached 513 million yuan, up 294% year on year. According to Dongwu Securities, the company's gross margin has increased significantly, and the second growth curve of the game business is further evident. It is optimistic that the company's growth logic will continue to be implemented.

According to reports, since August 2023, the company's 3 social networking products, including MICO, YoHo, and SUGO, have simultaneously entered the “China Non-Gaming App Overseas Revenue Ranking” TOP30 published by data.ai for 5 consecutive months. Among them, SUGO's revenue and profit both increased more than 3 times year on year; TopTop's revenue increased more than 2 times, and profit increased more than 6 times. Furthermore, the monthly turnover of the company's flagship game “Alice's Dream: Merge Island” continued to grow, with an average monthly turnover of over $8 million in the fourth quarter.