Make a friend holding: the net profit in the first half of the year is expected to be not less than 40 million yuan.

Thank you, Mr. Air, a netizen of CTOnews.com, for your clue delivery! CTOnews.com news on July 29, a friend holding Hong Kong Stock Exchange announced that by June 30, 2023, it is expected to record a net profit of not less than 40 million yuan. The net profit has deducted about 51.4 million yuan of share payment fees, while the net loss in the same period last year was about 30 million yuan (deducting share payment fees of about 18.4 million yuan).

CTOnews.com learned from the announcement that Friends Holdings believes that the profitability in the first half of the year is due to the remarkable results of the new media services business sector, and is also a successful practice of the group's diversification strategy.

In the first half of this year, the Group built the brands of live e-commerce and new media marketing channels, and successfully realized cross-platform operation, with a total merchandise transaction volume (GMV) of more than RMB 5 billion, resulting in rapid growth in the company's overall business operation and financial performance.

Previously, the English and Chinese abbreviations of Hong Kong listed company Century Ruike Holdings Limited will be changed from "CENTURY SAGE" and "Century Ruike" to "BE FRIENDS HLDG" and "make a friend holding" respectively.