According to the Zhitong Finance App, Chizicheng Technology (09911) announced its 2023 results. Revenue was approximately RMB 3.308 billion (same unit), an increase of 18.1% over the previous year. Gross profit was approximately $1,722 million, an increase of 62.8% year over year. Profit attributable to company owners was approximately $513 million, an increase of 294.2% over the previous year. The adjusted EBITDA was $675 million, an increase of 80.0% year over year. Basic earnings per share were $0.45.

Among them, the company's social networking business continued to grow at high quality, with revenue reaching about RMB 3.0 billion, maintaining a leading edge in markets such as the Middle East, North Africa and Southeast Asia; at the same time, the second growth curve of the innovative business was further evident, with revenue reaching RMB 336 million, an increase of about 38.6% over the previous year. The increase in social business revenue is mainly due to the company's steady and steady growth in the social networking business, and through technological innovation and product function upgrades, etc., the product content ecosystem is becoming richer, improving user experience and community activity, and further expanding the user scale; in August 2023, the group officially completed the acquisition of Chizicheng Strategy Investment and began merging revenue from Blue City, laying out a social circuit for diverse groups, and further expanding the social business landscape. Revenue growth in the innovation business was mainly due to the Group's game team's steady incubation of new products and smooth development.

Currently, the company's social networking business has products such as the open social networking platform MICO, the voice social networking platform YoHo, the companion social networking platform SUGO, and the game social networking platform TopTop. They have all developed rapidly over the past few years. They have become leading platforms in emerging markets such as the Middle East, North Africa, and Southeast Asia, and are advancing by leaps and bounds in developed markets such as Japan and South Korea. MICO has carried out many upgrades and revisions to meet the needs of users in the Middle East and provided customized services, effectively increasing community activity, further expanding the scale of new users, and further increasing profits when the scale is guaranteed; YoHo strengthened content operation, added more localized Middle Eastern gameplay, and further enhanced the degree of refinement of user operations; SUGO helped accurately match users through optimized matching strategies, effectively improving the acceptance efficiency of the dating scene. The number of monthly active users increased more than 3 times year on year, and revenue and profit increased more than 3 times year on year; TopTop improved the user growth system, increased the distribution ratio of community reward resources, and effectively enhanced the community atmosphere. Product revenue increased more than 2 times year on year, and profit increased more than 6 times year on year.

While the social networking business is growing with high quality, the company is actively developing innovative businesses, and has launched boutique games such as “Alice's Dream: Merge Island” using a self-developed intelligent game development engine around boutique games.

“Alice's Dream: Merge Island” is based on the classic IP “Alice in Wonderland”, and has been widely recommended in the Google App Store for its innovative gameplay and exquisite art design. Over the past year, the volume of “Alice's Dream: Merge Island” has continued to grow. It has grown into a leading product in the global Merge category, and has been at the top of the “China Mobile Game Overseas Revenue Growth Ranking” and “Chinese Mobile Game Overseas Download List” published by Sensor Tower several times.

Based on this, the company's game team has been steadily incubating new products, and has incubated new products such as the synthetic mobile game “Taylor's Secret”, “Merge Cove”, and the sudoku game “Sudoku” in 2023, which is progressing smoothly.