miHoYo's revenue in 2023 is between $4.2 billion and $5.6 billion
On September 9, the Hunan Provincial Government of China held the 2024 Internet Yuelu Summit Forum,The theme of the forum is to attract college students from all over the country and even the world to come to Hunan to innovate and start businesses.
In the specific case involving college students' entrepreneurship in Hunan Province,DaWei (miHoYo CEO) became one of the cases.
The official media described him as follows: Liu Wei, a college student entrepreneur from Hunan, founded miHoYo with funding from the Shanghai University Student Entrepreneurship Fund while studying at Shanghai Jiao Tong University. Currently, miHoYo has more than 6,000 employees worldwide and annual revenue of more than 30 billion yuan($4.2 billion), and has grown into one of China's most important technology and cultural companies.
"Annual revenue exceeds 30 billion yuan" means that miHoYo's operating income in 2023 will be between 30 billion (4.2 billion US dollars) and 39.9 billion (5.6 billion US dollars).
In comparison, the company's revenue in 2022 reached 27.34 billion yuan (US$3.84 billion) and its net profit was 16.145 billion yuan (US$2.26 billion).
In China, the operating income has already excluded the commissions of various publishing platforms.(IOS Android PSN EPIC Get 30% of the total income),So the actual revenue of the game is higher.