HONG KONG, Sept. 30, 2021 / PRNewswire / – Crazy Sports Group Limited (“Crazy sports“or the”Society“, together with its subsidiaries, the”Group“) is pleased to announce that Hang Seng Indexes Company Limited (“HSI“) accepted the Group’s request for reclassification in the Hang Seng industry classification system (“HSICSThe Company is now classified in the “Information Technology – Software & Services – Software” category. The reclassification takes effect today. The Group is focusing on the digital sports entertainment racetrack to trigger a dynamic of growth.
Following the completion of the restructuring at the end of 2020, the Group has done its best to develop the digital sports entertainment business. The Group became profitable with a profit of HK $ 62.0 million and a net profit margin of 27.1% for the first half of 2021, validating the success of Crazy Sports’ business model with robust profitability. Crazy Sports is a leading digital sports entertainment community operator and leading company in the internet sports industry in China. The Group has plunged into digital technology worth a trillion dollars + sports entertainment market and has since created the ” Events + Quiz, IP + Sports games, Crazy Red Insights + Lottery Sales’ three-pillar growth engine.
Mr. Peng Xitao, CEO of Crazy Sports, said: “According to from China “14th five-year plan”, the value of the national sports industry market will reach 5,000 billion RMB by 2025, and the market size is huge. “Building a leading sports nation” has become one of the from China four major national policies with reinforced political support. The Group made a turnaround during the first half of 2021 and will continue its positive growth momentum in the second half with its solid commercial development. We are focusing our efforts this year on R&D investments to add value to our intangible assets and enrich our core resources. Through our industry leadership and strong brand value, we have increased the Crazy Sports platform’s market share in the digital sports entertainment market. The total number of platform users and active users both grew rapidly, taking the Group’s competitiveness to the next level.
“As the demand for sports and entertainment among sports fans in China continues to rise as the world embraces the 2022 World Cup in Qatar, Crazy Sports will leverage mega sporting events and new offline retail outlets to engage more users and explore new sources of lottery fans to unlock the potential of its various businesses, fueling growth momentum of his income. “
About Crazy Sports Group Limited
Crazy Sports Group Limited is a leading digital sports entertainment community operator and internet sports industry leader in China, and it’s listed on the main HKEX chart (stock code: 82.HK). Pose our strategy on powering up China through sport, we dive deep into the digital which is worth billions + racetrack in the sports entertainment industry. Based on the unique and massive database of sports users, leveraging digital artificial intelligence and blockchain technologyyto empower traditional sporting events, we operate in three main areas of activity articulated on “Events + Quiz, IP + Sports games, Crazy Red Insights + Lottery Sales. “Our mission is” Let Sport Create Happiness “, we are committed to creating a multi-channel entertainment platform for real-time participation in sporting events.
SOURCE Crazy Sports