FriendTimes Inc. provided consolidated earnings guidance for the year ended December 31, 2023. The group is expecting to record revenue of approximately RMB 1,040 million to RMB 1,070 million for the Reporting Period, compared with revenue of approximately RMB 1,524 million for the corresponding period in 2022, with net loss for the Reporting Period of approximately RMB 130 million to RMB 150 million, compared to profit of approximately RMB25 million for the corresponding period in 2022.