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Newborn Town (HKG:9911) Expects to Record Higher Revenues for Social Networking, Innovative Businesses
NEWBORNTOWN [09911] is currently reported at 4.17 HKD, with an increase of 10.03%.
As of 09:54, NEWBORNTOWN [09911] is priced at 4.17 HKD, up 0.38 HKD or 10.03% from yesterday's closing price of 3.79 HKD, with a transaction amount of 33.3532 million HKD. Today's highest price is 4.17 HKD, and the lowest price is 3.85 HKD. Based on yesterday's closing price, the 10-day average is 3.55 HKD, the 50-day average is 3.76 HKD, and the current PE is 7.70 times, while the 14-day Index shows 52.67.
NEWBORNTOWN received an additional shareholding of 2.144 million shares from TMF Trust (HK) Limited at a price of approximately 3.73 Hong Kong dollars per share.
Latest data from the Hong Kong Stock Exchange shows that on January 16, TMF Trust (HK) Limited increased its Shareholding in NEWBORNTOWN (09911) by 2.144 million shares, at a price of 3.7253 HKD per share, for a total amount of approximately 7.987 million HKD. After the increase, the latest number of shares held is approximately 0.157 billion shares, and the latest holding percentage is 11.12%.
Announcement selection | New China Life Insurance expects a year-on-year profit increase of over 175% in 2024; LINGBAO GOLD is expected to see net income increase year-on-year by about 110% to 140%.
New China Life Insurance expects a year-on-year profit increase of over 175% in 2024; CHI MER LAND's annual sales exceed 42 billion yuan.
NEWBORNTOWN (09911)精品游戏 Business has entered a profitable cycle and has begun to contribute revenue.
The premium game Alice's Dream: Merge Games and others are independently developed by the company and delivered for external distribution, with profits shared with the company in proportion after achieving profitability. In 2024, the company's premium games are expected to generate approximately 0.705 billion yuan in revenue, an increase of about 80.4% compared to 2023.
NEWBORNTOWN's revenue increased by over 50% in 2024, driven by AI to enhance commercial efficiency.
On January 20, NEWBORNTOWN (09911.HK) released its unaudited operational data for the 2024 fiscal year, with an expected annual revenue of 49.6 to 5.2 billion yuan, a year-on-year growth of approximately 50.0% to 57.2%, indicating accelerated growth. Among these, the expected revenue from the social Business is approximately 45.2 to 4.72 billion yuan, a year-on-year growth of about 54.3% to 61.1%; the expected revenue from the innovation Business is approximately 4.4 to 0.48 billion yuan, a year-on-year growth of about 16.1% to 26.6%. The announcement shows that the growth in social Business revenue is primarily attributed to the company's rapid growth in social products driven by AI technology.
