a rise of 182.5 per cent year-on-year<\/a>.<\/p>\n\n\n\nRevenue from technical sales and distribution of electronic gaming equipment (EGE) was HK$14m (US$1.7m), up 129.9 per cent in year-on-year terms. Revenue from consulting and technical services was HK$11.8m (US$1.5m) while revenue from repair services was up 236 per cent year-on-year to HK$1.6m (US$204.519).<\/p>\n\n\n\n
APE reported gross profit of HK$10.9m, after a HK$100,000 loss in 2022. It attributed the rise to technical sales and distribution of EGE as well as consultancy and technical services. In addition to its core EGE business, APE operates a smart vending machine business in Macau and the Greater Bay Area. In 2023, this division generated revenue of HK$2.3m and gross profit of HK$0.3m.\u00a0<\/p>\n\n\n\n
Looking ahead to 2024,\u00a0Allen Tat Yan Huie<\/strong>, APE’s chairman and executive director, said the company is collaborating with suppliers to introduce new machines and products to meet the demands of the mass market.<\/p>\n","protected":false},"excerpt":{"rendered":"The company reported revenue of HK$29.7m (US$3.8m).<\/p>\n","protected":false},"author":176,"featured_media":24147,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Asia Pioneer Entertainment Holdings (APE), a gaming technology supplier, reported a significant 182.5% year-on-year revenue increase to HK$29.7m in 2023, recovering from a prior-year loss to achieve HK$10.9m gross profit. This growth was primarily driven by technical sales and distribution of electronic gaming equipment (EGE) and consulting services, with future plans to introduce new products for the mass market.","focusai_entities":"Asia Pioneer Entertainment Holdings, APE, Allen Tat Yan Huie","focusai_location":"Macau, Greater Bay Area","focusai_target_profile":"ceo_executive (0.9), operator_casino (0.8), investor_analyst (1.0), supplier_vendor (0.9), journalist_researcher (0.8)","focusai_suggestions":[{"label":"APE's Market Share Impact?","query":"What is APE's estimated market share within the Macau EGE supply segment, and how might their 2023 performance influence competitive positioning?"},{"label":"Mass Market Product Strategy?","query":"What specific product innovations or strategic partnerships are anticipated to drive APE's mass market expansion in 2024, and what is the projected revenue contribution from this initiative?"}],"footnotes":""},"categories":[157,16338],"tags":[21593],"class_list":["post-777014318","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","tag-ape-macau"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777014318","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777014318"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777014318\/revisions"}],"predecessor-version":[{"id":777014351,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777014318\/revisions\/777014351"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/24147"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777014318"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777014318"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777014318"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}