Celadon Gaming (06633.HK) announced its annual results. For the year ended December 31, 2023, the company's revenue was RMB 906 million, up 43.7% year on year; gross profit was RMB 558 million, up 32.2% year on year.

As of December 31, 2023, the Group has accumulated over 88.34 million registered players, up 11.81% year on year; the average number of monthly active users was about 2.48 million, up 55.36% year on year; the average number of monthly paying users was about 401,400, up 87.78% year on year; ARPPU also reached RMB 302. The “Strongest Snail” game recorded a cumulative turnover of approximately RMB 3.259 billion at home and abroad, and a total of 26.72 million registered players. Due to the launch of “The Strongest Snail” in the US, Canada, Australia and New Zealand in the second half of 2023, and the launch of “Magic Card Girl Sakura: Key to Memories” in mainland China, Hong Kong, Macao and Taiwan regions, which generated concentrated marketing and promotion expenses, and the Group's investments in some game industry chain companies and advance payments to some investment companies were impaired, recording a loss attributable to the company's equity holders of RMB 37.37 million throughout the year.

During the reporting period, the Group launched a variety of games, and the revenue structure continued to be optimized. In January 2023, the Group's self-developed game “Demon Slayer” was launched; in June 2023, the Group and China Mobile Games jointly released “Legend of Sword Waving”, which received No. 1 in the iOS free game ranking and No. 14 in the bestseller list; in September 2023, the Group released “Magic Card Girl Sakura: Memory Key”, which reached the top of the iOS free game rankings in mainland China, Hong Kong, Macao and Taiwan; in December 2023, the group's self-developed game “Time Travel Service” was launched. The Group's gaming matrix has been further enriched, and the revenue structure continues to be optimized. In addition to this, the Group is also planning to launch a variety of mini-programs and mini-games, and develop the business on multiple lines.

Furthermore, the Group has comprehensively deepened its global layout, and the scale and share of overseas revenue continues to increase. The Group promoted the launch of various games in different regions around the world, such as “The Strongest Snail” launched in Thailand in January 2023, the US, Canada, Australia and New Zealand in August 2023, and “Magic Card Girl Sakura: Memory Key” was launched in Hong Kong, Macao and Taiwan in October 2023. At the same time, the Group is deeply involved in long-term game operations in overseas regions. For example, “The Strongest Snail” celebrated its launch anniversary in Japan in June 2023 and reached the top 30 of the iOS best-selling list; the above layout contributed to the Group's overseas revenue increase of RMB 98.06 million over the same period last year, accounting for the Group's overseas revenue by RMB 99.06 million over the same period last year. It rose 25.3% to 28.5% in the same period last year.

Looking forward to the future, the Group will continue to deepen the integrated R&D and operation model, including actively promoting game reserve testing and launch, continuing to explore overseas markets, and further enriching the product matrix.