A8 New Media Group Limited (HK:0800) has released an update.
A8 New Media Group Limited reported a decrease in profit for the first half of 2024, earning approximately RMB19.1 million compared to RMB25.1 million in the same period of 2023. Revenue also fell by 19.4% from the previous year, with a gross profit margin decrease of 4.7 percentage points, yet the company maintains a strong balance sheet with RMB723.3 million in liquid assets.
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