---
title: "XMGF's net profit attributable to shareholders for the year 2024 is 658 million yuan, a year-on-year decrease of 7.05%"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/231839671.md"
description: "XMGF released its 2024 annual performance report, with total operating revenue of 1.579 billion yuan, a year-on-year increase of 3.63%; net profit attributable to the parent company was 658 million yuan, a year-on-year decrease of 7.05%. The decline in net profit was mainly due to a decrease in interest income, the expiration of the input VAT credit policy, and an increase in deferred income tax expenses. The company will continue to steadily promote the development of various businesses around the strategic goal of \"the leading platform for new audio-visual on the Internet.\""
datetime: "2025-03-14T10:32:07.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/231839671.md)
  - [en](https://longbridge.com/en/news/231839671.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/231839671.md)
generator: "portal-rs"
---

# XMGF's net profit attributable to shareholders for the year 2024 is 658 million yuan, a year-on-year decrease of 7.05%

According to the Zhitong Finance APP, XMGF (300770.SZ) disclosed its performance report for the year 2024. During the reporting period, the company achieved a total operating revenue of 1.579 billion yuan, a year-on-year increase of 3.63%; the net profit attributable to shareholders of the listed company was 658 million yuan, a year-on-year decrease of 7.05%.

In 2024, the company focused on its strategic goal of building a "leading platform for new audio-visual on the Internet" and actively promoted the steady development of various businesses. During the reporting period, it is expected that the net profit attributable to shareholders of the listed company will decrease by 7.05% year-on-year, mainly due to a reduction in interest income, the expiration of the input VAT deduction policy leading to a decrease in the amount of input VAT included in other income, and an increase in deferred income tax expenses due to the continuation of the corporate income tax exemption policy adjustment affecting deferred tax assets

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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**