Summary by Moomoo AI
Jingtai Technology announced its financial performance for the 2024 fiscal year, with revenues reaching 0.2664 billion RMB, a year-on-year increase of 52.8%; net loss narrowed to 1.5149 billion RMB, improving by 20.5% year-on-year. As of December 31, 2024, the company's cash and cash equivalents amounted to 1.1661 billion RMB, with time deposits of 0.1704 billion RMB, totaling cash available of 3.1234 billion RMB.The company successfully listed on the Main Board of the Hong Kong Stock Exchange in June 2024 and completed two rounds of share placements in early 2025, raising approximately 1.125 billion HKD with the placement of 0.264 billion shares at 4.28 HKD per share in January, and approximately 2.08 billion HKD from the placement of 0.3423 billion shares at 6.10 HKD per share in February. All convertible preferred shares were...Show More
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