Qian Xun Technology Reports 2024 Financial Results with Notable Losses

Ruicheng (China) Media Group Limited ( (HK:1640) ) has issued an update.

Qian Xun Technology Limited announced its audited consolidated annual results for the year ended December 31, 2024, revealing a decrease in revenue from RMB 378,707,000 in 2023 to RMB 356,833,000 in 2024. Despite a gross profit of RMB 22,496,000, the company reported a significant loss before tax of RMB 123,060,000, primarily due to increased administrative expenses and provisions for loss allowances, impacting its financial performance and shareholder returns.

More about Ruicheng (China) Media Group Limited

Qian Xun Technology Limited, formerly known as Ruicheng (China) Media Group Limited, is incorporated in the Cayman Islands with limited liability. The company operates within the media and technology industry, focusing on providing media-related services and technology solutions.

YTD Price Performance: 35.10%

Average Trading Volume: 728,621

Technical Sentiment Signal: Sell

Current Market Cap: HK$2.28B

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