Newborn Town Inc. ( (HK:9911) ) has shared an announcement.
Newborn Town Inc. has announced a significant increase in its financial performance for the year ended December 31, 2024. The company expects a revenue increase of approximately 51.1% to 57.2%, driven by the growth of its AI-powered social products and the consolidation of BlueCity Holdings and Land of Glory. Despite a decrease in profit attributable to equity shareholders due to a one-off investment income in 2023, the net profit and adjusted EBITDA have shown substantial growth, indicating a strong operational performance.
More about Newborn Town Inc.
Newborn Town Inc. is a company incorporated in the Cayman Islands, focusing on diversified social products driven by AI technology. The company operates in the technology sector and has recently consolidated financial statements with BlueCity Holdings Limited and Land of Glory Ltd.
YTD Price Performance: 22.04%
Average Trading Volume: 9,561,354
Technical Sentiment Consensus Rating: Sell
Current Market Cap: HK$6.41B
Find detailed analytics on 9911 stock on TipRanks’ Stock Analysis page.