On August 30th, GeLongHui announced that as of June 30, 2024, the company's total revenue was approximately RMB 839,263 thousand, a year-on-year increase of approximately 191.8%. This is mainly due to the improvement of Douyin's market expansion ability, resulting in an increase in Douyin's business revenue.
During the reporting period, the group's net income was RMB 7,167 thousand, a year-on-year decrease of approximately 65.0%, and the net profit margin was 0.9% (compared to 7.1% in the same period in 2023).
