Summary by Moomoo AI
Duoxiang Cloud Holdings' revenue for the fiscal year 2024 reached 1.791 billion yuan, a year-on-year growth of 50.2%, mainly benefiting from a significant increase in Digital Marketing Services revenue, particularly from Douyin business contributions. However, the company recorded a net loss of 0.186 billion yuan, a significant decline compared to the net profit of 33.06 million yuan in 2023, primarily due to an increase in provisions for bad debts to 0.129 billion yuan and an impairment loss for intangible assets of 0.108 billion yuan. The gross margin decreased from 9.9% to 7.1%.The company’s Digital Marketing Services revenue grew strongly, reaching 1.44 billion yuan, a significant increase of 86.4% from 0.773 billion yuan in 2023. Revenue from content marketing services remained stable at 0.318 billion yuan. Sales and marketing expenses rose significantly...Show More
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