Summary by Moomoo AI
Zhonghand Travel Technology Group Co., Ltd. (“Zhonghandyu”) announces its annual results for the year ended 31 December 2023. In the year, Chinese tourists earned about RMB 2,605,884 thousand, down about 4% from last year. Gross profit was RMB943,102 thousand, while the loss for the year was RMB38,041 thousand, a significant decrease from last year. Adjusted net profit was RMB5,379 thousand. Basic and diluted loss per share was RMB0.73 cents. During the reporting period, the Company actively developed its game publishing, game development and intellectual property licensing business and improved R&D efficiency through AIGC technology to reduce game R&D costs. The company will continue to focus on building the IP gaming ecosystem in the future and plans to launch several heavyweight IP games in 2024. The Board of Directors does not recommend a final dividend.