Hong Kong Stock Market Update: BOYAA continues to rise by over 11% for the fourth consecutive trading day, with a significant increase of 45%. It is expected that the annual net profit attributable to shareholders will increase by approximately 75% to 85%.

Zhitong App learned that BOYAA (00434) continued to rise by over 11%, with a 45% increase over the past 4 trading days. As of the time of publication, it rose by 11.84% to HKD 0.85, with a turnover of HKD 3.94 million.

On the news front, BOYAA recently announced that the group's expected earnings for the fiscal year ending December 31, 2023, are expected to increase by about 2% to 8% compared to the fiscal year ending December 31, 2022 (approximately RMB 375.3 million), mainly due to the hosting of certain online operating activities by the group; and the continuous optimization of game products and gameplay, maintaining and increasing the group's revenue level.

The group's expected profit attributable to shareholders for the fiscal year 2023 is expected to increase by about 75% to 85% compared to 2022 (approximately RMB 64.2 million), mainly due to (including) the increased revenue obtained by the group in 2023 compared to the same period in 2022; the fair value decrease of equity investment partnership enterprises and other financial assets in 2023 is less than that of the same period in 2022, and the impairment of the frozen amount obtained in 2022 (while there is no impairment of the frozen amount in 2023) and other one-time non-operating factors; and the increase in interest income in 2023 compared to the same period in 2022.