China Ruyi (00136) released its six-month performance ending on June 30, 2024, with revenue of 1.84 billion...
China Ruyi (00136) released its six-month performance ending on June 30, 2024, with revenue of 1.84 billion yuan, a year-on-year increase of 129%. The company's equity holders had a loss of 0.115 billion yuan, narrowing down by 56.3%, with a basic loss per share of 0.98 cents.
In the first half of 2024, the group achieved significant development in multiple business sectors. As an online streaming long-video platform of the group, Pumpkin Film has always been committed to using technology to empower precise algorithms and user behavior data analysis to understand users' styles and preferences. It intelligently recommends personalized content as 'Pumpkin understands you better than yourself' to provide members with personalized content. At the same time, as one of the largest agents and distribution platforms in China, Pumpkin Film has continuously introduced high-quality films and top-notch dramas, which has brought considerable revenue and profits to the company during the reporting period.
At the same time, the group has noticed that the film and television industry integrates audio, video, and text, making it an excellent scenario for the implementation of generative AI. Pumpkin Film's AI Technology Laboratory was established in 2023 and has made significant progress in film and television technology research and development through nearly a year of internal research and development. By deeply applying AI technology, it has achieved technological innovations in various aspects such as script creation, character shaping, scene design, special effects generation, and music composition.
'JINGXIU' is the group's gaming business brand. During the reporting period, the group's gaming business performed strongly, with revenue from online game services reaching 0.87 billion yuan.