Wangchen Technology Holdings Reports Record Profits in 2023, Final Dividend of 18.82 Cents Per Share

(Original title: Wangchen Technology Holdings (02458) announced 2023 results, profit attributable to owners of 74.203 million yuan, a year-on-year increase of 448.6%, and final dividend of 18.82 cents per share)

According to Zhitong Finance APP, Wangchen Technology Holdings (02458) announced its 2023 results, with revenue of approximately 634 million yuan, a year-on-year decrease of 0.67%; gross profit of approximately 345 million yuan, a year-on-year increase of 3.5%; profit attributable to the company’s owners was 74.203 million yuan, A year-on-year increase of 448.6%; earnings per share are 0.54 yuan, and a final dividend of 18.82 cents per share is proposed.

According to the announcement, the decrease in revenue was mainly due to the decrease in revenue from Football Master, which has been launched for nearly ten years, and NBA Basketball Master, which has been launched for nearly seven years; and the lack of large-scale promotion activities of MLB Baseball Master since its launch in the middle of the year, due to the Group’s lack of energy as of the end of the year. Still focused on fine-tuning the game.

The increase in gross profit and gross profit margin was mainly due to the fact that the Group continued to consolidate the revenue scale from overseas markets and enjoyed the lower commission rates of overseas issuance platforms; and the Group actively developed local issuance platforms in China with lower commission rates. Therefore, in In 2023, platform commission fees have declined, improving the group’s gross profit and gross profit margin.

2024-03-28 14:19:14
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