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Qingci Games Reports 2024 Financial Results Amid Industry Challenges

Story Highlights
  • Qingci Games Inc. is a leading Chinese mobile game developer focusing on global expansion.
  • The company saw a revenue drop in 2024 but improved net profit amid industry challenges.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Qingci Games Reports 2024 Financial Results Amid Industry Challenges

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Qingci Games, Inc. ( (HK:6633) ) has issued an update.

Qingci Games Inc. reported a significant decline in revenue and gross profit for the year ended December 31, 2024, compared to the previous year, despite achieving a turnaround in net profit. The company is navigating a challenging gaming industry landscape marked by fierce competition and rising user acquisition costs, while also embracing emerging technologies and enhancing its product quality to strengthen its market position and expand globally.

More about Qingci Games, Inc.

Qingci Games Inc. is a prominent mobile game developer and publisher based in China, known for delivering captivating gaming experiences globally. The company focuses on high-quality content and operational efficiency, aiming to expand its presence in the international market.

YTD Price Performance: 15.11%

Average Trading Volume: 7,535

Technical Sentiment Signal: Sell

Current Market Cap: HK$2.47B

For a thorough assessment of 6633 stock, go to TipRanks’ Stock Analysis page.

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