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Century Sage Scientific Holdings Ltd ( (HK:1450) ) has shared an update.
Be Friends Holding Limited reported its audited consolidated final results for the year ended December 31, 2024, showing a revenue increase of 16.4% to approximately RMB1.25 billion. Despite the revenue growth, the company faced a decline in net profit by 36.6% due to market challenges and increased expenses from short-term expansion. The company remains a leader in the new media services segment, achieving significant growth in Gross Merchandise Volume, but faces pressure on net profit due to intensified competition and rising costs. The company plans to optimize its cost structure and enhance operational efficiency for future profitability.
More about Century Sage Scientific Holdings Ltd
YTD Price Performance: -5.56%
Average Trading Volume: 1,072,305
Technical Sentiment Signal: Buy
Current Market Cap: HK$1.41B
For detailed information about 1450 stock, go to TipRanks’ Stock Analysis page.