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Newborntown Technology announces its mid-term performance: The latecomer social products have exploded, and the revenue from the Middle East and North Africa market has grown by more than 44%.
Newborntown Technology (09911.HK) announced its mid-term performance in 2024, benefiting from the continuous explosion of mass social products and further growth in the Middle East and North African markets. The company continued its growth trend in recent years, with significant improvements in major operational indicators. The announcement shows that in the first half of the year, the company's revenue reached RMB 2.272 billion, an increase of approximately 65% year-on-year; net income for the period reached 0.388 billion yuan, a 28% year-on-year increase; profit attributable to owners of the company (net profit) was 0.225 billion yuan, a 21% year-on-year increase; adjusted EBITDA reached RMB 0.448 billion, a 29% year-on-year increase. Among them, the social business
Express News | Newborn Town Inc - Resolved That No Interim Dividend Would Be Declared
Express News | Newborn Town H1 Gross Margin 50.2%
Express News | Newborn Town H1 Capex RMB 4.6 Million
Express News | Newborn Town H1 Adjusted Ebitda RMB 448.5 Million
Express News | Newborn Town H1 Gross Profit RMB 1,141 Million
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