Hangzhou Freely Communication (603602.SH) announced its semi-annual report for 2024, with operating revenue of 907 million yuan, a year-on-year growth of 71.69%; net income attributable to shareholders of listed companies was 8.052 million yuan, a year-on-year decrease of 8.64%; net income attributable to shareholders of listed companies after deducting non-recurring gains and losses was 2.8172 million yuan, a year-on-year decrease of 66.45%; basic earnings per share was 0.04 yuan.
Net income attributable to shareholders of listed companies decreased by 8.64% year-on-year, and net income attributable to shareholders of listed companies after deducting non-recurring gains and losses decreased by 66.45% year-on-year. This is mainly due to the company's accelerated business expansion and increased investment in management and research and development expenses during the reporting period. The net cash flow generated from operating activities decreased year-on-year, mainly due to an increase in procurement payments for the overall digital marketing service business.
