MANY IDEA CLOUD announced its 2024 performance, with an owner attributable loss of approximately 185.5 million yuan, turning from profit to loss year-on-year
MANY IDEA CLOUD announced its 2024 performance, with revenue of approximately 1.791 billion yuan, a year-on-year increase of 50.23%; gross profit of approximately 128 million yuan, a year-on-year increase of 8.35%. The loss attributable to the company's owners was approximately 185.5 million yuan, turning from profit to loss year-on-year, with a loss per share of 0.158 yuan. The loss was mainly due to the provision for impairment losses on trade receivables and the provision for impairment losses on intangible assets
According to the Zhitong Finance APP, MANY IDEA CLOUD (06696) announced its 2024 performance, with revenue of approximately 1.791 billion yuan, a year-on-year increase of 50.23%; gross profit of approximately 128 million yuan, a year-on-year increase of 8.35%. The loss attributable to the owners of the company was approximately 185.5 million yuan, turning from profit to loss year-on-year; the loss per share was 0.158 yuan.
The announcement stated that the growth in total revenue was due to years of accumulated experience in serving clients, the introduction of solutions and products that better meet clients' marketing needs, increased client investment, and the significant growth of the Douyin business contributing to digital marketing services. The loss was mainly due to the provision for impairment losses on trade receivables and intangible assets recognized during the reporting period
