Newborn Town's 2024 Profit Slides 6%; Shares Fall 12%

MT Newswires Live

2025/03/21

Newborn Town's (HKG:9911) attributable profit fell 6.3% to 480.3 million yuan in 2024 from 512.8 million yuan in 2023, according to a Thursday filing with the Hong Kong bourse.

Earnings per share at the social networking company decreased to 0.42 yuan from 0.45 yuan in the previous year.

Revenue grew 54% to 5.09 billion yuan from 3.31 billion yuan a year earlier.

Shares plunged 12% during Friday's afternoon trading.

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