Huyas financial report in the second quarter of 2020: revenue of 2.7 billion yuan and monthly life of 170 million yuan

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 Huyas financial report in the second quarter of 2020: revenue of 2.7 billion yuan and monthly life of 170 million yuan


According to US GAAP, in the second quarter of 2020, Huyas gross profit was 575 million yuan (US $81.4 million), an increase of 71.3% compared with 336 million yuan in the same period of 2019. Gross profit margin rose to 21.3% in the quarter from 16.7% in the same period in 2019. In the second quarter of 2020, the net profit attributable to Huya reached 227 million yuan (US $32.1 million), an increase of 86.2% compared with 122 million yuan in the same period of 2019. As of June 30, 2020, Huya had cash, cash equivalents, short-term deposits and short-term investments of RMB 10.745 billion (US $1.521 billion), up from 10.317 billion on March 31, 2020, mainly due to the operating cash flow of 512 million yuan (US $72.5 million) in the current quarter. Source of this article: Ding Guangsheng, editor in charge of Netease science and Technology Report_ NT1941

According to US GAAP, in the second quarter of 2020, Huyas gross profit was 575 million yuan (US $81.4 million), an increase of 71.3% compared with 336 million yuan in the same period of 2019. Gross profit margin rose to 21.3% in the quarter from 16.7% in the same period in 2019. In the second quarter of 2020, the net profit attributable to Huya reached 227 million yuan (US $32.1 million), an increase of 86.2% compared with 122 million yuan in the same period of 2019.

As of June 30, 2020, Huya had cash, cash equivalents, short-term deposits and short-term investments of RMB 10.745 billion (US $1.521 billion), up from 10.317 billion on March 31, 2020, mainly due to the operating cash flow of 512 million yuan (US $72.5 million) in the current quarter.