Summary by Moomoo AI
In 2024, FRIENDTIMES achieved revenue of 1.163 billion RMB, a year-on-year increase of 10.1%; the net loss for the year was 48.86 million RMB, narrowing by 64.6% compared to the same period last year. The gross margin increased to 70.0%, up 3.5 percentage points from the previous year. The revenue growth was mainly due to the launch of new products "Floating Life Remembers Linglong" and "Ink Sword Jianghu" as well as contributions from the small Gaming business.The company continues to deepen its strategy of "refinement, diversification, and globalization," while maintaining its leading position in the female-oriented ancient style sub-sector, actively exploring male-oriented, general user, and small Gaming sectors. "Floating Life Remembers Linglong" was launched in January 2024, entering the Top 50 of the...Show More
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