Guangzhou Locomotive Institute announced on August 28 that as of the 6 months ended June 30, 2024, the company's revenue increased by 154.3% year-on-year to approximately RMB 0.742 billion. The net profit attributable to the equity holders of the company was RMB 20.228 million for the period, a decrease of 29.2% year-on-year; earnings per share were 7.52 RMB.

This growth is mainly due to (1) the group's acquisition of 80% equity of Tianjin Qiyu Network Technology Co., Ltd. in May 2023, so the first half of 2023 only included the income of two months, which benefited the first half of 2024; (2) In the first half of 2023, Tianjin Qiyu had two well-performing exclusive licensed online games, while in the first half of 2024, Tianjin Qiyu had three excellent exclusive licensed online games, with one new exclusive licensed online game contributing significantly to the group's revenue; (3) the group vigorously developed the mobile e-commerce business in the first half of 2024, leading to a substantial increase in corresponding revenue.