Tian Ge Interactive revises Sila Chat revenue recognition basis

Reuters
Mar 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.

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