Boya Interactive Expects Revenue Growth of 10-15% in Q1 2024

According to BlockBeats, Boya Interactive, a company listed on the Hong Kong Stock Exchange, announced that it expects its revenue for the three months ending March 31, 2024, to increase by approximately 10% to 15% compared to the same period last year. This growth is primarily due to the hosting of certain online operational activities and the continuous optimization of game products and gameplay, which have contributed to the increase in the group's revenue. The group's profit attributable to the company's owners during this period is expected to grow by approximately 1,120% to 1,130% compared to the same period last year (the same period last year: about RMB 28.7 million). This significant increase is mainly due to: (i) an increase in the group's revenue compared to the same period in 2023; (ii) an increase in the fair value of the group's digital assets during this period; (iii) a smaller decrease in the fair value of the group's equity investment partnerships and other financial assets compared to the same period last year. If the impact of non-operating one-time factors such as changes in the fair value of digital assets and equity investment partnerships and other financial assets is excluded, the profit attributable to the company's owners during this period is expected to increase by approximately 5% to 10% compared to the same period in 2023, excluding the impact of non-operating one-time factors. This is mainly due to an increase in expected revenue compared to the same period in 2023.