share_log

赤子城科技(09911.HK):前三季度社交业务总收入预期大幅增长约60.7%至62.7%

Newborntown (09911.HK): Expected significant growth of approximately 60.7% to 62.7% in social business total revenue for the first three quarters.

Gelonghui Finance ·  Oct 24 16:45

On October 24, Gelunhui, newborn's technology (09911.HK) announced unaudited operational data for the first three quarters of 2024. In terms of social business, (i) as of September 30, 2024, the cumulative download volume of the group's social business reached about 0.74 billion, an increase of about 6.5% from June 30, 2024; (ii) in the third quarter of 2024, the average monthly active users of the group's social business reached about 28.983 million, an increase of about 1.5% from the previous quarter; and (iii) as of the nine months ended September 30, 2024, the total expected revenue of the group's social business will reach about RMB 3.24 billion to RMB 3.28 billion, an increase of about 60.7% to 62.7% compared to the same period in 2023.

The group's social business saw a significant year-on-year revenue growth in the first three quarters of 2024, mainly attributed to the continued rapid growth of diversified social products launched by the group, as well as the revenue from the acquisition of Chizicheng Strategy Investment Limited completed by the group in the third quarter of 2023 and the commencement of merging the revenues of Blue City Brothers Holdings Limited and Land of Glory Ltd. social business.

In terms of innovative business, as of the nine months ended on September 30, 2024, the total expected revenue of the group's innovative business will reach about RMB 0.3 billion to RMB 0.32 billion, an increase of about 12.4% to 19.9% compared to the same period in 2023. The steady growth in revenue from the group's innovative business is mainly due to the continuous and steady development of the social e-commerce business expansion actively invested by the company.

As of the nine months ended on September 30, 2024, the high-quality games independently developed and delivered by the company to external independent teams generated revenue of about RMB 0.576 billion, an increase of about 182.5% compared to the same period in 2023. The main reason for this growth is due to the increased revenue from the high-quality game Alice's Dream. Considering factors such as the needs of overseas market users, these products are currently distributed by external independent teams and are therefore not yet reflected in the group's revenue.

The translation is provided by third-party software.


The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
    Write a comment