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FriendTimes' 2024 Loss Narrows
FRIENDTIMES (06820): Content innovation builds a high moat, and AI empowerment drives long-term growth.
At the time of the 2024 performance window, FRIENDTIMES (06820) presented an annual report that turned the tide against the odds.
FRIENDTIMES (06820.HK) 2024 annual performance: revenue of 1.163 billion yuan, year-on-year growth of 10.1%, accelerating the application of AI technology and innovative experiments.
Glory Exchange announced on March 24 that FRIENDTIMES (06820.HK) has released its annual performance report. For the fiscal year ending December 31, 2024, the group's total revenue is approximately 1.1628 billion yuan, representing an increase of about 10.1% compared to the same period last year; the net loss for the year is approximately 48.9 million yuan, which is a narrowing of about 64.6% compared to the same period last year; the adjusted net loss for the year is approximately 42.8 million yuan, which is a narrowing of about 67.8% compared to the same period last year. The main reason for the year-on-year revenue growth during the reporting period is: (1) The domestic simplified Chinese version of "Recollection of Floating Life" went live on January 2, 2024, and is expected to see further growth.
FriendTimes Inc. Reports 2024 Financial Results and Strategic AI Integration
Express News | FriendTimes FY Adjusted Net Income RMB -42.8 Million
Express News | FriendTimes FY Gross Profit RMB 813.5 Million
