Financial Performance Highlights
- Revenue: RMB 457 million (+15.8% YoY)
- Net Profit: RMB 884 million (+654.2% YoY)
- EPS: 133.1 cents
- Dividend: HKD 0.1064 per share
The company announced a revised dividend policy, committing to distribute ≥20% of operating profit annually over the next four years (excluding digital asset gains).
Core Business Strategies
1. Web3 Gaming Expansion
Boyaa is actively bridging traditional online games with Web3 technologies to:
- Develop industry-leading Web3 gaming products
- Invest in Web3 infrastructure projects
- Incubate innovative blockchain solutions
👉 Explore Web3 gaming innovations
2. Bitcoin Accumulation Strategy
As of December 31, 2024:
| Cryptocurrency | Holdings | Avg Cost |
|---|---|---|
| Bitcoin | 3,274 BTC | $57,930/BTC |
| Ethereum | 298 ETH | $1,676/ETH |
The company secured $200 million total authorization for crypto purchases and may utilize:
- Secondary market financing
- Share placements
- Bond issuances
Revenue Drivers
Traditional Game Performance
| Segment | Revenue (RMB) | % of Total |
|---|---|---|
| Mobile Games | 290M | 63.4% |
| Web Games | 116M | 25.4% |
| Digital Assets | 51M | 11.2% |
Key operational improvements included:
- Enhanced tournament systems
- Spectator mode integrations
- Seasonal event optimizations
Web3 Investments (2024)
- Awakening Ventures: Web3 startup fund
- Pacific Drop Digital Asset Fund: Metaverse/NFT focus
- UTXO Fund: Bitcoin ecosystem support
- RootData: Web3 analytics platform
- BounceBit: Asset management solution
👉 Learn about Bitcoin ecosystems
Frequently Asked Questions
Q1: Why did Boyaa's profits surge 654%?
A: Primarily due to $86M in digital asset fair value gains and $5M增值收益 from cryptocurrency holdings.
Q2: How does Web3 benefit traditional gaming?
A: Enables player-owned economies, transparent asset trading, and cross-platform interoperability.
Q3: What's the outlook for Bitcoin reserves?
A: Management views BTC as a long-term store of value and will continue strategic accumulation.
Q4: Which markets show strongest growth?
A: Middle East revenues increased significantly, alongside sustained Southeast Asia performance.
Q5: How many games does Boyaa operate?
A: 61 active titles across 12 language versions (after sunsetting 6 China-focused products).
Q6: When will Web3 products launch?
A: No specific timeline, but the company is actively developing infrastructure and partnerships.
Disclaimer: This content is for informational purposes only and does not constitute investment advice.