The reason is that both the metaverse industry and the digital collection platform are far from Tianxiaxiu’s main business, and their business models are also very different.
In the field of AIGC, even though Linggandao can empower the marketing business of Tianxiaxiu's own users, its functions are not as good as those of the domestic leaders, its fees are not low, and its help to the company's performance is quite limited.
In the first three quarters of , Tianxiaxiu's operating income canada phone number list was 3.045 billion yuan, a yearonyear decrease of 3.92%, and its net profit attributable to shareholders was 65.42 million yuan, a yearonyear decrease of 41.92%. In terms of singlequarter revenue, the total operating revenue in the third quarter was 1.041 billion yuan, a yearonyear decrease of 1.89%. The net profit attributable to the parent in the third quarter was 20.3497 million yuan, a yearonyear decrease of 59.21%.
Behind the decline in net profit is the unsatisfactory operating data.
In the third quarter, Tianxiaxiu's gross profit margin was 17.12%, a yearonyear decrease of 7.31%, and its net profit margin was 1.99%, a yearonyear decrease of 38.75%.
It is also worth noting that Tianxiaxiu has a large amount of accounts receivable. In recent years, the balance of accounts receivable of Tianxiaxiu has remained at a high level. At the end of 2022 and 2023, the balance of accounts receivable of Tianxiaxiu was 2.668 billion yuan and 2.57 billion yuan, respectively. By the first three quarters of this year, accounts receivable still amounted to 2.53 billion, with no significant decrease.