ZX INC(09890) Earnings Summary
Bullish Points:
1. Successfully launched 35 new games during the reporting period, with over 330 games in operation as of June 30, 2023.
2. Revenue from other marketing businesses for the six months ended June 30, 2023: RMB 49.3 million, a 135.9% increase from RMB 20.9 million in 2022.
3. Revenue from consumer goods business for the six months ended June 30, 2023: RMB 126.8 million, an 89.9% increase from RMB 66.8 million in 2022.
4. As of June 30, 2023, the company has 73 games in its pipeline.
5. Adjusted profit (non-HKFRS measure) increased from RMB 345.1 million in H1 2022 to RMB 433.1 million in H1 2023.
Bearish Points:
1. Revenue for the six months ended June 30, 2023, was RMB 3,400.1 million, a decrease of 25.0% compared to RMB 4,535.7 million for the same period in 2022, mainly due to a decrease in revenue from the online game publishing business.
2. Revenue from self-operated game products decreased by 35.0% from RMB 3,261.9 million in 2022 to RMB 2,118.9 million in 2023, mainly due to the delay in launching several new game products and some existing game products entering the later stages of their life cycle.
3. Average MAU for the six months ended June 30, 2023: 8,678,600, compared to 9,352,200 in 2022.
4. Average MPU for the six months ended June 30, 2023: 1,054,800, compared to 1,767,800 in 2022.
5. Net profit decreased by 11.1% from RMB 337.7 million in H1 2022 to RMB 300.3 million in H1 2023.
In summary, ZX INC(09890) has shown growth in its marketing and consumer goods businesses, as well as an increase in adjusted profit. However, the company experienced a decrease in revenue, particularly in the online game publishing business, and a decline in net profit. For more information, you can read the original text of ZX INC's financial report: https://static.tigerbbs.com/7249de9c9d5e41cdbcd2da08edbab8ef
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