Summary by Moomoo AI
Youzan Technology announced its performance report for the year ending 2024, achieving revenue of 1.442 billion yuan and a net loss of 0.166 billion yuan. As of the end of the reporting period, the company's total assets reached 5.911 billion yuan, total liabilities were 4.836 billion yuan, with settlement obligations amounting to 3.276 billion yuan.The company's main financial instruments include interest-bearing bank loans, cash equivalents, and restricted bank balances, with a total fair value of financial assets amounting to 0.356 billion yuan. The management continues to focus on Crediting risk and liquidity risk, maintaining a sound risk management framework, and striving to keep a low debt-to-equity ratio.Concerning significant events after the reporting period, the Board of Directors passed a resolution on February 13, 2025, to adjust the vesting period of the 1,287,637,303 reward shares to 12 months, and modify the relevant terms for the tenth reward grant. The financial statements were approved by the Board of Directors on March 20, 2025.
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