Summary by Moomoo AI
ZX Inc. announced its interim performance for the six months ending on June 30, 2024. During this period, the company launched 29 new games and operated over 380 gaming products, with a registered user base of 603.2 million. The games 'Douluo Continent: Shrek Academy' and 'Beast Lord: Shanghai New World' performed outstandingly, which were co-published with China Mobile Games and Technologies Group Limited. In addition, the company renewed strategic cooperation agreements with multiple renowned cloud computing service providers to enhance cloud computing collaboration. The company also actively expanded into the AI industry by introducing the 'X' smart marketing platform and establishing a wholly-owned subsidiary, Shanghai New World Future Limited, in Hong Kong to focus on the application development of AI technology in the gaming industry. Despite the pressures faced by the gaming industry, the company achieved stable revenue growth and maintained a high gross margin. The company did not declare an interim dividend and changed its CEO from Mr. Wu Xubo to Ms. Liang Wenhong on August 30, 2024.
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