Weimob's 2024 Loss More Than Doubles as Revenue Slumps 40%; Shares Tumble 11%

MT Newswires Live

2025/03/24

Weimob (HKG:2013) reported a loss attributable to equity holders of 1.73 billion yuan for 2024, wider than the 758.3 million yuan loss a year earlier, according to a Friday filing with the Hong Kong bourse.

Loss per share was 0.57 yuan, also larger than 0.28 yuan the previous year. Five analysts polled by Visible Alpha estimated loss per share at 0.21 yuan.

Revenue decreased by 40% to 1.34 billion yuan from 2.23 billion yuan in the previous year. Analysts polled by Visible Alpha estimated revenue at 1.79 billion yuan.

Weimob's shares fell over 11% in recent trading in Hong Kong.

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