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The latest announcement is out from Duiba Group Ltd. ( (HK:1753) ).
Duiba Group Ltd. reported a 17.3% decrease in revenue for the year ending December 31, 2024, compared to the previous year, with total revenue dropping from RMB 1,096,438,000 to RMB 906,513,000. The decline was primarily due to a significant reduction in the internet advertising business. The company also reported a net loss of RMB 39,461,000 for the year, a reversal from the previous year’s profit, indicating challenges in maintaining profitability amidst rising finance costs and reduced gross profit.
More about Duiba Group Ltd.
Duiba Group Ltd. operates in the technology industry, primarily focusing on user management SaaS platforms and internet advertising services. The company is incorporated in the Cayman Islands and listed on the Hong Kong Stock Exchange.
YTD Price Performance: -10.33%
Average Trading Volume: 852,569
Technical Sentiment Signal: Buy
Current Market Cap: HK$233.7M
For a thorough assessment of 1753 stock, go to TipRanks’ Stock Analysis page.