Newborn Town (HKG:9911) expects a profit attributable to equity shareholders of between 460 million yuan and 500 million yuan for 2024, 10.3% to 2.5% lower than 2023, a Tuesday Hong Kong bourse filing said.
The technology company attributed the expected decrease to the one-off investment income of 160 million yuan from the acquisition of Chizicheng Strategy Investment in 2023, without which the attributable profit for 2024 shows a 29.9% to 41.2% increase compared to 2023.
The company also expects to record a total revenue between 5.00 billion yuan and 5.20 billion yuan for the reporting period, 51% to 57% higher than 2023.
The said increases in attributable profit and revenue were attributed to the group's diversified social products powered by AI and the addition of financial statements of BlueCity Holdings and Land of Glory.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。