Qingci Games, Inc. ( (HK:6633) ) has shared an announcement.
Qingci Games Inc. has announced a positive profit alert for the year ended December 31, 2024, indicating a significant turnaround from a net loss of approximately RMB37.6 million in 2023 to an expected net profit ranging from RMB40.0 million to RMB70.0 million. This improvement is largely due to increased fair value of investments, despite some impairments on prepayments to game developers. The company also expects to maintain positive cash flows from operating activities, reflecting a stable financial position.
More about Qingci Games, Inc.
Qingci Games Inc. is a company incorporated in the Cayman Islands, primarily engaged in the gaming industry. The company focuses on developing and investing in gaming products and services, with a market presence that includes publicly-traded securities and game industry chain companies.
YTD Price Performance: 2.57%
Average Trading Volume: 6,880
Technical Sentiment Consensus Rating: Hold
Current Market Cap: HK$2.21B
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