Gelonghui August 28?01961.HK announced that its revenue increased by about 230.5% from about 43.2 million yuan in the first half of 2022 to about 142.8 million yuan in the first half of 2023. The increase is mainly due to an increase of about 21.4 million yuan in revenue from mobile game development and operation and information services business, and an increase of about 38.6 million yuan from digital media content distribution business. and revenue from the newly expanded game product supply business increased by about 39.6 million yuan. Gross profit increased by about 2611.8% from about 900000 yuan in the first half of 2022 to about 23.7 million yuan in the first half of 2023. This increase is mainly due to the fact that the company has adjusted its business strategy since the second half of 2022 and is committed to deepening its business structure, diversifying its business at home and abroad, gradually improving its income generation and profitability, and avoiding the situation of low income and low gross profit brought about by the relatively single business structure in the past.
The company's loss decreased by about 24.7 million yuan from a loss of about 35.2 million yuan in the first half of 2022 to about 10.5 million yuan in the first half of 2023. The narrowing of the loss was mainly due to (I) an increase in gross profit of approximately RMB22.8 million; (ii) an increase of approximately RMB1.1 million in other income; (iii) a decrease of approximately RMB5.9 million in other expenses; and (iv) a decrease of RMB11.7 million in the impairment of trade receivables, which was partially offset by an increase in sales and distribution expenses of approximately RMB4.5 million and administrative expenses of approximately RMB5.5 million, which was partly offset by an increase in R & D expenditure of approximately RMB6.7 million.