Feiyu Technology International Company Ltd. (HK:1022) has released an update.
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.
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