TIANGE (01980) announced its interim results for 2025, reporting revenue of RMB 32.425 million, representing a year-on-year increase of 508%. The company recorded a loss attributable to owners of RMB 22.432 million, compared to a profit of RMB 44.079 million in the same period last year. Basic loss per share was RMB 0.019.

Revenue from online interactive entertainment services surged from approximately RMB 3.3 million in the corresponding period of 2024 to approximately RMB 28.8 million, marking a substantial increase of 774.4%. This growth was primarily driven by: (i) the Group's strategic investment and continuous optimization and integration of the "Sila Chat" platform; and (ii) healthy growth in the game market promotion and operation business that the Group incubated in December 2024.

The loss was mainly attributable to: (i) increased product incubation costs - the Group's strategic focus on simultaneously investing in and incubating multiple online interactive entertainment platforms across various regions resulted in substantial resource allocation to product development, thereby increasing costs; and (ii) fair value losses - macroeconomic factors, including the imposition of reciprocal tariffs, led to fair value losses on the Group's financial investments.