Chizicheng Technology (09911) reversed the market and rose by more than 6%. As of press release, it rose 5.93% to HK$2.5 million, with a turnover of HK$1.085,500.
The Zhitong Finance App learned that Chizicheng Technology (09911) reversed the market and rose by more than 6%. As of press release, it had risen 5.93% to HK$2.5 million, with a turnover of HK$1.085,500.
According to the news, Chizicheng Technology recently announced its 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; net profit to mother reached 513 million yuan, up 294% year on year.
Dongwu Securities pointed out that in terms of business, in 2023, social business revenue increased 16.2% to 2.97 billion yuan, maintaining a leading edge in markets such as the Middle East, North Africa, and Southeast Asia. Gross margin increased 14.6pct to 48.1% year over year, mainly due to product function upgrades and content quality improvements, which improved the commercialization efficiency and commercial monetization capacity of social products; innovative business revenue increased 38.6% year on year to 340 million yuan, and the second growth curve was further revealed. The gross margin increased by 4.1 pct to 87.2% year on year, mainly due to new products such as sudoku games incubated by the company It's progressing smoothly.