Summary by Moomoo AI
Chanyou Technology Holdings Limited announced the interim performance for the six months ending on June 30, 2024, showing a decrease in both income and profit. Income decreased from approximately RMB 1,017.8 million in the same period of 2023 to approximately RMB 934.3 million, a decrease of about 8.2%; gross profit decreased from approximately RMB 635.7 million to approximately RMB 492.9 million, a decrease of about 22.5%; and profit for the period decreased from approximately RMB 404.3 million to approximately RMB 309.8 million, a decrease of about 23.4%. The company emphasized that despite facing challenges, it remains focused on the chess and casual gaming business, actively expanding into overseas markets. The company stated that it will continue to monitor market changes and adhere to compliant operation. In addition, the company did not recommend distributing any interim dividends.
