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Newlink Technology Inc. Reports Increased Revenue but Larger Loss for 2024

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Newlink Technology Inc. Reports Increased Revenue but Larger Loss for 2024

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An update from Newlink Technology Inc. ( (HK:9600) ) is now available.

Newlink Technology Inc. has reported its annual financial results for the year ending December 31, 2024. The company experienced an increase in revenue from RMB 245,495,000 in 2023 to RMB 278,822,000 in 2024. Despite this growth in revenue, the company reported a larger loss before tax of RMB 96,068,000 compared to RMB 70,971,000 in the previous year. Total assets decreased from RMB 947,685,000 in 2023 to RMB 882,822,000 in 2024, while total liabilities also saw a reduction. The announcement highlights the financial challenges faced by the company, which may impact its operations and market positioning.

More about Newlink Technology Inc.

YTD Price Performance: -25.30%

Average Trading Volume: 489,972

Technical Sentiment Signal: Buy

Current Market Cap: HK$292.6M

See more data about 9600 stock on TipRanks’ Stock Analysis page.

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