According to Zhitong Finance App News, Feiyu Technology (01022) announced annual results for the year ended December 31, 2023. The group achieved revenue of 226 million yuan (RMB, same below) during the period, an increase of 18.1% over the previous year; profit attributable to shareholders was 52.03 million yuan; the loss due to shareholders was 296.37 million yuan for the same period last year, turning a loss of 296.37 million yuan from the previous year; the basic profit per share was 0.03 yuan.
According to the announcement, for the year ended December 31, 2023, the revenue contributed by game operations was about 175 million yuan, an increase of about 13.6% over about 154 million yuan for the year ended December 31, 2022. This increase was mainly due to the launch of “Immortal Path 3” on June 7, 2023, which fans of the game series have been eagerly awaiting, and was well received after launch. This increase also benefited from the launch of “Defend Radish 4” on June 30, 2022. The game only contributed six months of revenue for the year ended December 31, 2022, and 12 months for the year ended December 31, 2023. This increase was partly offset by reduced revenue from Doodle, which launched in the first half of 2022 and reached maturity in its life expectancy cycle in 2023.