Feiyu Technology International Company Ltd. (HK:1022) has released an update.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Feiyu Technology International Company Ltd. reported a decrease in revenue by 5.7% and a loss of RMB 1.6 million for the first half of 2024, citing investment losses and a challenging economic environment. Despite a general slowdown in China’s online game market, the company saw regulatory improvements and continued to focus on developing new HTML5 games. Long-standing titles and a new release, Carrot Fantasy 4, show promise with stable revenue and growing active users, demonstrating the resilience of the company’s portfolio.
For further insights into HK:1022 stock, check out TipRanks’ Stock Analysis page.