Tian Ge Interactive revises Sila Chat revenue recognition basis

Reuters
03/06
Tian Ge Interactive revises Sila Chat revenue recognition basis

Tian Ge Interactive Holdings Ltd. said it will modify the revenue recognition basis for its “Sila Chat” social interactive platform, concluding it is more appropriate to recognize revenue on a net basis equivalent to cash proceeds received from its distributor for the full year ended Dec. 31, 2025, instead of recognizing revenue at users’ recharging amounts as it did from April 2025. The company said the change, made after a further review under IFRS 15 while preparing its 2025 annual financial statements, will reduce reported interim 2025 total revenue and related costs by RMB16.255 million but will not affect gross profit or net loss for the six months ended June 30, 2025.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Tian Ge Interactive Holdings Ltd. published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260306-12044417), on March 06, 2026, and is solely responsible for the information contained therein.

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