Chizi City Technology (09911) rose more than 10 per cent in early trading and rose more than 35 per cent after the results, Zhitong Financial APP learned. As of press time, Chizi City Technology rose 9.11% to HK $5.87, with a turnover of HK $63.1273 million.

On the news side, Chizicheng Technology issued an annual results announcement on March 24, saying that the company's total revenue in 2020 reached 1.18 billion yuan, a sharp increase of 203.2 percent over the same period last year, and the net profit for the year reached 110 million yuan, an increase of 67.1 percent over the same period last year. According to the announcement, the revenue from internal purchase of applications reached 660 million yuan, a rapid growth of 5549.8% compared with the same period last year. The application of internal purchase income has also become the company's main source of income, accounting for 55.6% of the total revenue. The sharp rise in app internal purchase revenue is mainly due to the outbreak of the company's social business.

It is reported that Chizi City technology voice social product YoHo recently entered the top 10 of the best-selling Google Play social applications in the Turkish market, and has so far entered the top 10 of the list in 31 countries and regions, steadily expanding into the global market.