Summary by Moomoo AI
Hirofriend Holdings Limited (the “Company”) announces its final results for the year ended 31 December 2023. The Group's revenue was approximately RMB1,074.3 million, an increase of approximately 152.4% over the same period last year. Revenue in the New Media Services segment grew significantly to RMB988.7 million, accounting for 92.0% of total revenue. Broadband business segment revenue was RMB85.6 million, accounting for 8.0% of total revenue. The profit for the year was approximately RMB114.0 million and the loss was RMB16.4 million in the same period last year. Adjusted net profit was approximately RMB180.4 million, an increase of approximately 601.3% over the same period last year. In 2023, the Group completed the acquisition of Beijing-based Friends Digital Technology Co., Ltd., to further strengthen its new media service capabilities. The Board of Directors does not recommend a final dividend.