Summary by Moomoo AI
Friendtimes announced its mid-year financial report on June 30, 2024, showing an income of approximately 526.1 million yuan during the period, a decrease of 15.2% from the same period last year. The net loss for the period was approximately 72.3 million yuan, narrowing by 10.6% compared to the same period last year. During the reporting period, the company launched new gaming titles 'Memories of Linglong' and 'Ink Sword Rivers and Lakes,' and carried out various cultural promotion activities. The company continues to implement the 'boutique, diversified, global' strategy, and attracts and motivates talents through stock incentive plans. As of the end of the reporting period, the company inexorably gifted a total of 80,000,000 shares as stock reserves for the stock incentive plan, and granted incentive shares to employees during the period. In the future, the company will continue to promote the research and operation integrated strategy, and enhance gaming operation capabilities in the long run through the use of new technologies.
