Friendtimes (06820) released its interim performance report for the six months ending on June 30, 2024. During this period, the group has achieved...
According to the Futu Wealth App, Friendtimes (06820) released its interim performance for the six months ending June 30, 2024. The group revenue for the period was 5.26 billion yuan (RMB). The gross profit was 0.36 billion yuan, and the R&D expenses were 0.153 billion yuan.
The announcement stated that the group's total revenue for the period increased by 20.7% compared to the second half of 2023, mainly due to the launch of the simplified Chinese version of "Lost Love in Times" in January 2, 2024, and its subsequent release in China's HongKong-Macao-Taiwan and South Korea regions on March 21 and June 27, respectively; as well as the revenue generated from the online game "Lingyunnuo", which has had monthly revenue of over 10 million for several months. The group has always adhered to a long-term operation strategy, actively understanding user needs, providing players with meticulous and comprehensive long-term services through frequent version updates, content updates, operational activities, and IP linkage, continuously extending the product life cycle and stimulating product vitality. At the same time, the group has tailored game content and promotion materials according to the characteristics of overseas users in different regions to better attract and retain local players. In addition to achieving good performance and reputation domestically, its various products have also gained reputation in regions such as China, Hong Kong, Taiwan, South Korea, Japan, Southeast Asia, and North America. Thanks to this, its products such as "Empresses in the Palace", "Empresses in the Palace Q", "Lost Love in Times", and "Lingyunnuo", which have been launched for many years, have maintained good revenue performance.
The group has always adhered to a long-term operation strategy, actively understanding user needs, providing players with meticulous and comprehensive long-term services through frequent version updates, content updates, operational activities, and IP linkage, continuously extending the product life cycle and stimulating product vitality. At the same time, the group has tailored game content and promotion materials according to the characteristics of overseas users in different regions to better attract and retain local players. In addition to achieving good performance and reputation domestically, its various products have also gained reputation in regions such as China, Hong Kong, Taiwan, South Korea, Japan, Southeast Asia, and North America. Thanks to this, its products such as "Empresses in the Palace", "Empresses in the Palace Q", "Lost Love in Times", and "Lingyunnuo", which have been launched for many years, have maintained good revenue performance.