Boyaa Interactive Dives Into Web3 Gaming Sector
Boyaa Interactive (00434.HK): Investing in the Web3 track project MTT Esports.
On September 17, Gelonghui announced that Boyaa Interactive (00434.HK) has entered into a subscription agreement with MTT ESports Limited ("MTT ESports") on September 17, 2024, to invest in MTT ESports for 100 units of bitcoin (BTC) as consideration. Based on the market price of bitcoin on the day before this announcement, it is equivalent to a total value of approximately $5.8193 million. After the investment is completed, the company will obtain 25% equity of MTT ESports. MTT
Express News | Boyaa Interactive International - Upon Deal Completion, Co Will Hold 25% Shareholding in Mtt Esports
Express News | Boyaa Interactive International Ltd - Co Will Invest in Mtt Esports at a Consideration of 100 Units of Bitcoin
Boyaa Interactive (00434.HK) has successfully bid for the acquisition of Xinxin property for a cost of 56.272 million yuan.
On September 4, Gelonhui announced that on September 4, 2024, Boyaa Interactive (00434.HK) has been informed that its indirect wholly-owned subsidiary Handong Era China has participated in the auction acquisition of properties with a total price of RMB 56.272 million through judicial auction process. The properties include an office building named Sotek Technology Research and Development Center, along with its supporting factory buildings and several related properties. The property belongs to Xinxiang Jiarong Garden Management Co., Ltd. (formerly known as Xinxiang Sotek Optoelectronics Co., Ltd.) ("Xinxiang Jiarong"), located at the southeast corner of Daoqing Road and Xin'er Street intersection in Xinxiang City, Henan Province, China.
Express News | Boyaa Interactive International Ltd - Unit Won Bid for Acquisition of Office Building Svotek Technology R+D Center, Others
"Forcing ordinary practitioners to quit? Mihoyo's Cai Haoyu's latest controversial statement sparks heated discussions."
①Mi Haoyou, the founder of Mihoyo, stated on social media that only top talents and those who develop games for their interests have logical significance in game creation. Other game developers may consider changing careers. ②Mi Haoyou's remarks, known as "extreme theories" by some, have sparked discussions in the gaming industry.
Boyaa Interactive International Swings to Q2 Loss
Boyaa Interactive (00434.HK) adjusted net profit for the first half of the year is approximately 0.288 billion yuan, an increase of about 405.5% year-on-year.
On August 22, Boyaa Interactive (00434.HK) announced that in the first half of 2024, the company recorded a revenue of approximately RMB 213.4 million, an increase of about 9.8% compared to the first half of 2023. This was mainly due to (i) the hosting of certain online operations and the continuous optimization of game products and gameplay, leading to an increase in revenue from online games; and (ii) the appreciation of digital assets from the company's holdings of cryptos. In the second quarter of 2024, the company recorded a revenue of approximately RMB 104.8 million, an increase of about 5.8% compared to the second quarter of 2023.
Express News | Boyaa Interactive International H1 Adjusted Net Income RMB 288.2 Million
Express News | Boyaa Interactive International H1 Revenue RMB 213.4 Million
Express News | Boyaa Interactive International H1 Gross Profit RMB 151.7 Million
Express News | Boyaa Interactive International H1 Capex RMB 500 Thousand
BOYAA: INTERIM RESULTS ANNOUNCEMENT FOR THE THREE AND SIX MONTHS ENDED 30 JUNE 2024
Boyaa Interactive Sets Date for Financial Review
Boyaa (00434.HK) held a board of directors meeting on August 22 to approve its mid-year performance.
Boyaa (00434.HK) announced that it will hold a board of directors meeting on August 22, 2024 (Thursday) to approve the unaudited interim performance of the company and its affiliated companies for the six months ending on June 30, 2024, including.
BOYAA: DATE OF BOARD MEETING
HK stocks market changes: Bitcoin once broke through $62,000, OSL Group (00863) rose nearly 6%, and Sinohope Tech (01611) rose over 3%.
Bitcoin concept stocks rebounded. As of press time, OSL Group (00863) rose 5.74% to HKD 5.53; Sinohope Tech (01611) rose 3.49%, to HKD 1.78.
Boyaa Interactive Expects Up to 420% Jump in H1 Profit
Hong Kong stocks surge | Boyaa (00434) opens nearly 5% higher, expected to increase profits by more than 4 times year-on-year in the first half of the year.
Boyaa (00434) opened nearly 5% higher. As of press time, it increased by 4.86% and was traded at HKD 1.51 with a transaction amount of 0.376 million Hong Kong dollars.
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