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Zibuyu Group Limited ( (HK:2420) ) has issued an update.
Zibuyu Group Limited has announced a significant turnaround in its financial performance for the year ended December 31, 2024. The company expects to report a net profit between RMB140.0 million and RMB160.0 million, a stark contrast to the net loss of approximately RMB265.8 million in 2023. This improvement is attributed to enhanced merchandise operational efficiency, optimized inventory structure, and increased revenue leading to higher gross profit. The company also anticipates a substantial increase in net cash generated from operating activities, ranging from RMB250.0 million to RMB270.0 million, compared to RMB76.7 million in the previous year.
More about Zibuyu Group Limited
YTD Price Performance: -17.53%
Average Trading Volume: 77,404
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$2B
See more data about 2420 stock on TipRanks’ Stock Analysis page.