Make a Friend Holdings (01450) announced results for the year ended December 31, 2023, with revenue of about 10.7...
According to the Zhitong Finance App, Make a Friend Holdings (01450) announced results for the year ended December 31, 2023, with revenue of about 1,0743 billion yuan (RMB, same below), an increase of about 152.4% over the previous year. Profit attributable to company owners was 119 million yuan, with a basic profit of 9.05 points per share.
In 2023, the Group's new media service sector continued to achieve rapid growth, with a total completed product transaction amount (GMV) exceeding RMB 12 billion, making it one of the leading e-commerce streams. The Group's radio and television business segment has maintained steady development. Through technological iteration and industrial renewal, it is still in a relatively leading position in the industry segment. At the same time, the Group actively embraced the new normal of China's all-media industry and achieved a major breakthrough during the reporting period, setting a successful example for the all-media industry. Thanks to the Group's strategic layout in 2019, with the Group's deep technology and rich experience in the field of live streaming, it has seized the wave of new media in China through a series of initiatives such as technological innovation, diversified development, organizational optimization and strategic cooperation, and led the development of the new media sector, especially the live e-commerce field.
As a technology-driven all-media service provider, the Group's advantages in the new media business sector are mainly reflected in three aspects: a highly accurate shopping customer base, standardized operation capabilities, and digital innovation capabilities. These are the core elements that the Group focused on building during the reporting period, and these factors together form the Group's core competitiveness in the market and promote the Group's steady development. Up to now, the group has more than 30 live broadcast rooms, with a total number of fans over 50 million. It has completed the “multi-platform layout” of Douyin, Taobao, and JD, and successfully embarked on a standardized and replicable “matrix-based live broadcast room operation” model. Through more professional and vertical matrix-based live broadcast rooms, the group meets the diverse needs of consumers and achieves more efficient user reach and transaction completion. At the same time, the Group gradually built the “Friend Cloud” platform during the reporting period to automate the entire live e-commerce link process.