On November 21, GLONGHUI | Liberal Arts Interactive (00434.HK) announced that for the nine months ended September 30, 2024, the Group recorded revenue of approximately RMB 0.318 billion, an increase of about 8.1% year on year; profit attributable to company owners was RMB 0.212 billion, up 149.4% year on year; non-IFRS adjusted net profit was RMB 0.216 billion, up 148.5% year on year.
The increase in revenue was mainly due to (i) the Group's cryptocurrencies receiving value-added benefits from digital assets; and (ii) the Group's online game revenue increased due to the holding of certain online operating events and continuous optimization of game products and gameplay.
Judging from operating data, the number of the company's paying players in the third quarter of 2024 showed a certain decline compared to the second quarter of 2024, down 2.9% from 0.21 million in the second quarter of 2024 to about 0.2 million in the third quarter of 2024. However, the number of users of the Group in the third quarter of 2024 showed a certain increase compared to the second quarter of 2024. Among them, the number of daily active users increased by 4.4% from about 1.12 million in the second quarter of 2024 to about 1.17 million in the third quarter of 2024, and the number of monthly active users increased 10.5% from about 0.41 million in the second quarter of 2024 to about 0.45 million in the third quarter of 2024. The ARPPU value of the Group's Texas Hold'em mobile terminal has increased.
During the third quarter of 2024, the Group successfully hosted the BPT brand series - 2024BPT Full Service Online Tournament. The tournament attracted a total of about 78.6,000 participants from various countries and regions, including but not limited to Asia and Europe, further enhancing the Group's brand influence and enabling the Group to continue to make steady progress on the path of building a world-class poker tournament brand.
The company will further strengthen the research and development of Web3 game products, continue to enrich the content and gameplay of game products, continuously improve the Group's game functions and infrastructure (including Web3 related infrastructure), strive to improve the user experience, continue to explore the operating model of game products, especially Web3 game products, focus on product refinement and diversification of operations, and create high-quality board game products, competitive tournament products, and industry-leading Web3 game products. The Group will continue to expand overseas markets on the basis of consolidating the existing market, and will vigorously promote the Group's business development and layout in the Web3 field to achieve the Group's strategic plan for business development in the Web3 field.
Continued expansion of Bitcoin reserves is an important strategy for the Group. The Group is optimistic about the development of the cryptocurrency market and Bitcoin, and believes that Bitcoin has long-term value. The group will hold Bitcoin for a long time and will continue to expand its reserves. The Group will further explore continuing to increase the amount of Bitcoin holdings, and will not rule out secondary market financing through the placement of shares to expand reserves. The company will strictly abide by the laws and regulations of the different jurisdictions in which it operates, stay steady in the field of online board games and Web3, strive to create high-quality board game products and industry-leading Web3 game products, and focus on building the company into a pure and leading Web3 listed company.
