Summary by Moomoo AI
Newborntown Technology Co., Ltd. (NEWBORNTOWN) announced that its financial performance for the half year ending June 30, 2024 will show significant growth. Based on a preliminary review of unaudited comprehensive management accounts, the company's total revenue is expected to reach RMB 224.7 million to RMB 229.7 million, a year-on-year increase of 63.4% to 67.1%. Net profit is expected to reach RMB 36.5 million to RMB 40 million, an increase of 20.9% to 32.5%, while profit attributable to shareholders is expected to increase by 10.8% to 29.7%. In addition, adjusted EBITDA is expected to reach RMB 43 million to RMB 46 million, a increase of 23.9% to 32.6%. The growth is mainly due to the company's continued expansion into the Middle East and North African markets, rapid growth of social products, and the...Show More