Zulong Entertainment (09990) announced its annual results for the year ended December 31, 2023. The group will take...
According to the Zhitong Finance App, Zulong Entertainment (09990) announced annual results for the year ended December 31, 2023. The group achieved revenue of 908 million yuan (RMB, same below) during the period, an increase of 55.53%; gross profit of 650 million yuan, an increase of 53.54%; and R&D expenses of 582 million yuan.
According to the announcement, the increase in earnings was mainly due to the launch of “In the Name of Shining” in mainland China, Europe, America and Southeast Asia during the reporting period.
In 2023, the group showed extraordinary resilience and enterprising spirit, and achieved remarkable results. The company's revenue increased significantly compared to the previous year. The company's self-developed and spontaneous project “In the Name of Shining” has achieved impressive results worldwide. As of the date of publication of this performance announcement, the game's cumulative global turnover has exceeded RMB 1 billion. The Group knows that in a highly competitive, complex and changing market, only by building on the present, reducing costs and increasing efficiency can we open up a wider living space for enterprises. The company recently terminated the Avatar project launch plan, so it can integrate superior resources into more profitable product projects and create a more favorable environment for the company's future development.
As of December 31, 2023, the Group has launched a total of 20 boutique mobile games, and released multiple regional versions supporting 14 languages in more than 170 regional markets. The product matrix includes various categories such as MMORPGs, SLG, women's games, and strategy cards.