Boyaa Interactive (00434.HK) announced that in the first half of 2024, the company recorded revenue of approximately RMB 21.34 million, an increase of about 9.8% compared to the first half of 2023. This was mainly due to (i) the hosting of certain online operational activities by the group and the continuous optimization of game products and gameplay, which led to an increase in the group's online game revenue; and (ii) the appreciation of the group's held cryptos, resulting in increased income from digital assets. In the second quarter of 2024, the company recorded revenue of approximately RMB 10.48 million, an increase of about 5.8% compared to the second quarter of 2023. This was primarily due to the appreciation of the group's held cryptos, resulting in increased income from digital assets. However, the group's revenue in the second quarter of 2024 decreased by about 3.4% compared to the first quarter of 2024, mainly due to the cyclical impact of operational promotion activities. The revenue from online games decreased sequentially in this quarter, resulting in an overall decrease in revenue for this period. However, the income from the appreciation of digital assets obtained from holding cryptos increased sequentially.
In the first half of 2024, the company recorded unaudited adjusted net profit of approximately RMB 28.82 million, an increase of approximately 405.5% compared to the same period in 2023. In the second quarter of 2024, the company recorded unaudited adjusted loss of approximately RMB 6.4 million, while in the same period of 2023, it recorded unaudited adjusted net profit of approximately RMB 2.75 million.
