On August 30, QFIN (NYSE: QFIN),a company providing Internet security services, released its 2023 semi-annual report, realizing operating income of CNY 4.503 billion in the first half of the year, a year-on-year decline of 6.64%; net loss of CNY 231 million, compared with a net loss of CNY 398 million in the same period of the previous year; basic earnings its share CNY -0.03.
In the second quarter, total operating income of CNY 2.537 billion, an increase of 10.42% year-on-year; the second-quarter revenue growth rate of 29.08%, compared with the same period last year -9.02% significantly increased by about 38 percentage points; second-quarter net profit of CNY -0.045 billion, a significant narrowing of 92.81% year-on-year. During the reporting period, the company's net cash flow from operating activities amounted to CNY 130 million, with a healthier cash flow situation.
During the reporting period, QFIN realized security and other related revenues of CNY 908 million, a year-on-year decrease of 12.50%, of which security and other related revenues of CNY 654 million in the second quarter, a year-on-year increase of 98.76%, and a year-on-year increase of 157.16%.
QFIN Internetcommercialization and value-added services achieved a total revenue of CNY 2.681 billion, a year-on-year decrease of 5.92%. Among them, the revenue from Internet advertising and service businesses amounted to CNY 2.168 billion, down 6.13% year-on-year; the revenue from Internet value-added businesses represented by games amounted to CNY 513 million, down 5.01% year-on-year. During the reporting period, the Company's intelligent hardware business realized an operating income of CNY 865 million, a year-on-year decrease of 5.19%.