Shulou(Shulou.com)11/24 Report--

According to CTOnews.com news on October 10, Sanqi Mutual Entertainment announced today that the net profit attributed to shareholders of listed companies is expected to be 500 million yuan to 600 million yuan in the third quarter, down 30.83% to 42.36% from the same period last year.

It is said that mainly due to the progress of product launch and other factors this year, the number of key game products newly launched in the domestic market of Panax Notoginseng Mutual Entertainment has decreased compared with the same period last year, while the stock products have gradually entered the mature period or the middle and later stage of the product life cycle this year, resulting in a decline in revenue and profits in the third quarter compared with the same period last year.

Sanqi Mutual Entertainment expects net profits belonging to shareholders of listed companies to be 2.2 billion yuan to 2.3 billion yuan from January to September 2022, up 27.82% to 33.63% from a year earlier.

The company said that the increase in net profit was mainly due to the promotion of its main game products in the first half of last year, while the main products in the first half of this year were in a mature payback period, so its net profit and profit margins improved in the first half of this year.

CTOnews.com learned that Sanqi Mutual Entertainment (Shanghai) Technology Co., Ltd. was established in 2011, headquartered in Guangzhou, jointly founded by Li Yifei, Zeng Kaitian and Hu Yuhang, is one of the top 20 Internet companies in China and a global TOP20 listed game company.

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