Gelonghui, Feb. 29丨Huafang Group (03611.HK) announced that for the year ended December 31, 2022, the company's revenue was approximately RMB 5.10 billion, an increase of about 10.8% over the previous year. For the year ended 31 December 2022, gross profit was approximately RMB 1.3 billion, an increase of approximately 6.2% over the previous year.

For the year ended 31 December 2022, net profit attributable to company owners (measured in non-IFRS) was approximately RMB 458.2 million, an increase of approximately 6.4% over the previous year.

The Group's R&D expenditure increased by 13.2% from approximately RMB 207.9 million for the year ended 31 December 2021 to approximately RMB 235.3 million for the year ended 31 December 2022, in line with the Group's overall business expansion and growth.

The Group's average number of monthly active users in 2022 is about 61.08 million, and the average number of monthly paying users is about 1.55 million. The Group's average monthly revenue per paying user in 2022 was over RMB 270. According to data from Yiguan Qianfan, in April 2022, Huajiao, one of the Group's flagship platforms, topped the list of online entertainment live streaming mobile apps in China in terms of market penetration.