According to the announcement, the increase in revenue was mainly due to the group's acquisition of an 80% equity interest in Tianjin Qiyu Network Technology Co., Ltd. (Tianjin Qiyu) in early May 2023, which resulted in only two months of revenue in the first half of 2023 and benefited the six months of the first half of 2024. 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 of the new exclusive licensed online games making a significant contribution to the group's revenue. In addition, the group vigorously developed its mobile-end e-commerce business in the first half of 2024, resulting in a substantial increase in revenue.

Ludashi (03601) released its interim performance for the six months ended June 30, 2024, with the group achieving revenue of RMB 0.742 billion, a year-on-year increase of 154.3%; the attributable net profit of the equity holders of the company for the period was RMB 20.228 million, a year-on-year decrease of 29.2%; and earnings per share were 7.52 cents.