Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Changyou Alliance ( (HK:1039) ) has issued an announcement.
Changyou International Group Limited reported a 20.3% decrease in revenue for the year ending December 31, 2024, amounting to approximately RMB180.7 million. Despite the revenue decline, the company improved its gross profit margin to 21.7% from 17.3% the previous year. The net loss attributable to equity shareholders decreased to approximately RMB19.5 million from RMB37.6 million in 2023. The company decided not to distribute any final dividends for the year. These results indicate a challenging year for Changyou, with reduced revenue and transaction volumes, but also show efforts to improve profitability margins and reduce net losses, which may impact stakeholder confidence and market positioning.
More about Changyou Alliance
Changyou International Group Limited is a company incorporated in the Cayman Islands, operating with limited liability. It is listed on the Hong Kong Stock Exchange and engages in various business activities, although specific industry details are not provided in the announcement.
YTD Price Performance: -8.33%
Average Trading Volume: 254,558
Technical Sentiment Signal: Buy
Current Market Cap: HK$99.6M
For detailed information about 1039 stock, go to TipRanks’ Stock Analysis page.