According to the Zhitong Finance App, Duoniu Technology (01961) announced the results for the year ended December 31, 2023. The group achieved revenue of 264 million yuan (RMB, same below) during the period, an increase of 154% over the previous year; the owner of the parent company should have accounted for a loss of 53.32 million yuan, a year-on-year decrease of 36.86%; the basic loss per share was 9 points.
According to the announcement, the average monthly paying users in the game business increased from about 23,600 for the year ended December 31, 2022 to about 152,800 for the year ended December 31, 2023. This increase is mainly due to the fact that in fiscal year 2023, while continuing to serve players in China, the Group gradually expanded its game business into the overseas multi-player mobile game market, and continued to accumulate and serve domestic and foreign players. As a result, it attracted more paying players.
Revenue from the Group's game product supply business increased by about 26.5 million yuan or 105.1% from about 25.2 million yuan for the year ended 31 December 2022 to about 51.7 million yuan for the year ended 31 December 2023. The main reason for this increase was the gradual expansion of the business scale in fiscal year 2023. This business is the Group's newly expanded business in the second half of 2022. It mainly supplies game consoles and other accessories to third party customers or Chengdu Dianheng Bus Trading Co., Ltd. and its affiliated companies.