The Zhitong Finance App learned that Chizicheng Technology (09911) rose by more than 5% and rose 5.7% at press time to HK$2.41, with a turnover of HK$8.28 million.
According to the news, on March 21, the company announced its 2023 annual results. The company's total revenue in 2023 reached RMB 3.308 billion, an increase of 18% over the previous year. Among them, social business revenue reached 2,972 billion yuan, and innovation business revenue reached 336 million yuan. The company's net profit reached 761 million yuan, up 165% year on year; adjusted EBITDA reached 675 million yuan, up 80% year on year; profit attributable to company owners (net profit to mother) reached 513 million yuan, up 294% year on year.
Song Pengliang, senior vice president of the company, explained that in 2023, the company's social business revenue structure was optimized. Latecomer products such as SUGO and TopTop are growing strongly, and their share of revenue has increased markedly; MICO's share of revenue per product has declined, falling from 72% to 40% of social business revenue. The company's social networking business has gradually formed a multi-pronged growth pattern, and the overall revenue structure is healthier and more sustainable.