Chizicheng Technology (09911) increased by more than 5%, with a cumulative increase of more than 70% during the year. As of press release, it rose 4.98% to HK$3.37, with a turnover of HK$25.772,600.
The Zhitong Finance App learned that Chizicheng Technology (09911) increased by more than 5%, with a cumulative increase of more than 70% during the year. As of press release, it rose 4.98% to HK$3.37, with a turnover of HK$25.772,600.
According to the news, Chizicheng Technology recently announced that in the first quarter of 2024, the average monthly activity of the group's social networking business reached about 285.48 million yuan, an increase of about 2.6% over the previous month; the total revenue from the social networking business is expected to reach about RMB 980 million to 1.01 billion yuan, an increase of about 65.8% to 70.9% over the previous year. In addition, the Group's total revenue for the period is expected to be about RMB 62 million to 72 million yuan, an increase of about 3.3% to 20.0% over the previous year, mainly due to the smooth development of the Group's boutique game business.
According to reports, since August 2023, the company's 3 social networking products, including MICO, YoHo, and SUGO, have simultaneously entered the “China Non-Gaming App Overseas Revenue Ranking” TOP30 published by data.ai for 5 consecutive months. Among them, SUGO's revenue and profit both increased more than 3 times year on year; TopTop's revenue increased more than 2 times, and profit increased more than 6 times. Furthermore, the monthly turnover of the company's flagship game “Alice's Dream: Merge Island” continued to grow, with an average monthly turnover of over $8 million in the fourth quarter. Dongwu Securities previously pointed out that the company's gross margin has increased significantly, and the second growth curve for the game business has further become apparent, and it is optimistic that the company's growth logic will continue to be implemented.