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The latest announcement is out from Activation Group Holdings Ltd. ( (HK:9919) ).
Activation Group Holdings Limited announced its annual results for the year ended December 31, 2024, reporting a revenue of approximately RMB847.8 million, a 12.3% decrease from the previous year. Despite the challenging economic environment and a slowdown in China’s luxury goods market, the company has maintained its position as a leader in the industry by executing high-profile events for luxury brands like CHANEL and MONCLER. The company’s net profit for 2024 was RMB87.4 million, a 26.2% decrease from 2023, reflecting the broader economic challenges and shifts in marketing strategies towards more targeted engagement with high-net-worth customers.
More about Activation Group Holdings Ltd.
Activation Group Holdings Limited is a leading marketing group in Greater China, specializing in experiential marketing, digital and communication, and intellectual property development for pan-fashion brands. The company serves over 550 world-renowned brand clients, including mid-range and high-end fashion and automobile brands, as well as Chinese local premium brands. It holds a 13.8% market share in the experiential marketing service sector for premium and luxury brands in Greater China.
YTD Price Performance: 2.30%
Average Trading Volume: 242,405
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$662.8M
See more data about 9919 stock on TipRanks’ Stock Analysis page.