On August 29th, 00797.HK announced that for the six months ended June 30, 2024, the company's continuous business operations recorded a total revenue of approximately RMB 0.139 billion, a decrease of approximately 62.0% compared to the same period last year. The company's shareholders recorded a net loss of approximately RMB 7.814 million for the period, while a net profit of approximately RMB 0.131 billion was recorded for the same period last year. In the first half of 2024, the group's online games generated revenue of approximately RMB 0.13 billion, a 62.0% decrease compared to approximately RMB 0.36 billion in the same period in 2023. Mobile games accounted for 73.0% of the revenue, while web games accounted for 27.0%. The decrease in revenue is mainly due to the fact that the classic games launched at the end of 2022 have passed the rapid growth period, resulting in a natural decline in revenue and a stable trend. Despite the temporary pressure of declining revenue, the group actively responded in the first half of 2024, steadily advancing and improving its research and development products, and attempting to break through in the segmented market.
With the rapid development of mini-games and the significant transformation of consumer preferences, in order to seize market opportunities, in May 2024, the group's exclusive mini-game "I'm MT" was officially launched on both WeChat and Douyin. In the first month of its launch, it generated revenue exceeding RMB 10 million and has gained more than 3 million new users. The group will continue to increase its investment in the mini-games sector and strive to become a new growth point for the group's performance.
The group's layout in the second-dimensional market is also expected to further develop. A Japanese well-known IP mobile game "Gintama Gathering", developed by its subsidiary studio, has obtained a game license in February 2024. In the first half of 2024, "Gintama Gathering" completed two rounds of testing, optimized the game, and provided commercial adjustment plans. It is expected to conduct public testing in the second half of this year, providing immersive IP gaming experience for fans.
