CMGE Shares Jump Following 2022 Results Announcement; R&D investment increased 69.5%

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ACN Newswire

HONG KONG, Mar 30, 2023 – (ACN Newswire) – 2022 was a challenging year for the game industry. Due to the pandemic and gaming regulations, the gaming industry experienced a reduction in both revenue and user scale. In the context of pervasive uncertainties and low expectations, the market has focused on gaming company plans and financial reports. According to the latest financial report published by CMGE Technology Group Ltd (0302.HK), operating revenue in 2022 was RMB 2,714 million, a year-on-year decrease of 31.4%, with a net loss of RMB 217 million. However, on the day after the financial re…

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