China Ruyi Holdings Limited provided unaudited earnings guidance for the six months ended 30 June 2022. For the period, the group is expected to record approximately RMB 145 million, whereas the net loss of the same period last year was approximately RMB 2.45 billion. The Group is expected to record a core earnings of approximately RMB 174 million for the first half of 2022, representing a substantial increase of approximately 57% as compared to approximately RMB 111 million for the same period of 2021.
The aforementioned profits were mainly attributable to the Group's effective cost control, and the revenue contributed by the addition of the gaming business segment and the development of copyright business.