Summary by Moomoo AI
NEWBORNTOWN's performance in 2024 is impressive, with total annual revenue reaching 5.09 billion yuan, a 53.9% increase year-on-year; adjusted EBITDA reached 0.96 billion yuan, up 42.8% year-on-year. Among them, social business revenue reached 4.63 billion yuan, a year-on-year increase of 58.1%; innovative business revenue reached 0.46 billion yuan, a year-on-year increase of 21.3%. Gross profit was 2.61 billion yuan, a year-on-year increase of 51.4%; annual profit was 0.79 billion yuan, a year-on-year increase of 3.6%. The growth in performance is primarily attributed to the company's continuous expansion and capability enhancement in the Global market. The company has established solid local barriers in markets such as the Middle East and North Africa and Southeast Asia, while consistently deepening knowledge in...Show More
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