HK Stock Market Move | FRIENDTIMES(06820) rose by over 7% after Yinxifu performed well, with multiple games showing impressive performance. The annual revenue increased by as much as 11.7% year-on-year.

FRIENDTIMES (06820) announced a profit increase with the stock price rising over 7% in the morning session, as of the time of writing, it increased by 7.55% to 0.57 Hong Kong dollars. On the news front, FRIENDTIMES released a profit announcement, expecting to earn approximately 1.15 billion to 1.18 billion RMB in 2024, an increase of 8.9% to 11.7% year-on-year; and a net loss of approximately 50 million to 45 million RMB during the reporting period, narrowing by 63.8% to 67.4% year-on-year. The announcement stated that the main reason for the year-on-year increase in income during the period was the launch of the domestic Simplified Chinese version of "Floating Life, Remembering Linglong" on January 2, 2024, and the launch in the Greater China and South Korea regions on March 21, 2024, and June 27, 2024, respectively; the domestic Simplified Chinese version of "Ink Sword, Rivers and Lakes" was launched on July 19, 2024; revenue growth from the launch of mini-games, with "Lingyun Nuo" and "Dulala's Promotion Diary" performing well, entering the Top 50 of the WeChat mini game bestseller list and the Top 30 of the TikTok mini game popularity list respectively; and based on the performance of the above products, revenue in the first half of 2024 increased by 20.7% compared to the previous period, and revenue in the second half of 2024 increased by 18.6% to 24.3% compared to the previous period.