Qunabox Group Swings to 2024 Loss

MT Newswires Live

03/10

Qunabox Group (HKG:0917) incurred an attributable loss of 1.67 billion yuan for the year 2024, compared with an attributable profit of 130.9 million yuan in the year-ago period, a Monday filing with the Hong Kong bourse said.

Loss per share was 8.4 yuan, whereas the company had made earnings per share of 0.56 yuan in 2023.

The marketing service company's revenue rose by 33% to 1.34 billion yuan in the year from 1.01 billion yuan a year prior.

The higher revenue was mainly due to a steady growth in China's economy, an expansion of service scope into new energy vehicles and household appliances, substantial investment in technological R&D and innovation, and the enhancement of the effectiveness of its AI interactive terminal network.

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