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The latest announcement is out from Infinities Technology International (Cayman) Holding Limited ( (HK:1961) ).
Infinities Technology International reported a slight revenue decline of 2.0% for the year ending December 31, 2024, primarily due to decreased revenue from its mobile game business. Despite this, the company narrowed its annual loss by 5.4% compared to the previous year, attributed to increased other income and gains, and reduced research and development expenses. The company is strategically integrating AI technology across its operations to enhance efficiency and expand its service offerings, positioning itself for future growth in the digital entertainment sector.
More about Infinities Technology International (Cayman) Holding Limited
Infinities Technology International (Cayman) Holding Limited operates in the digital entertainment industry, focusing on AI technology to create a diversified digital entertainment service platform. The company has significant resources in mobile games, digital media, and gaming product supply, and is expanding into AI application development.
YTD Price Performance: -17.00%
Average Trading Volume: 631,459
Technical Sentiment Signal: Buy
Current Market Cap: HK$304.7M
For an in-depth examination of 1961 stock, go to TipRanks’ Stock Analysis page.