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51 Credit Card Inc. Reports 2024 Financial Results Amidst Market Challenges

Story Highlights
  • 51 Credit Card Inc. saw a slight revenue increase but a significant net loss in 2024.
  • The company’s SaaS business grew, while credit facilitation faced regulatory challenges.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.

Confident Investing Starts Here:

An announcement from 51 Credit Card Inc. ( (HK:2051) ) is now available.

51 Credit Card Inc. announced its annual results for 2024, revealing a slight increase in revenue but a significant net loss compared to the previous year. The company’s SaaS business experienced notable growth, while its credit facilitation business faced declines due to stringent regulatory policies. Despite these challenges, the company maintained a stable user base for its credit card management and commercial information services.

More about 51 Credit Card Inc.

51 Credit Card Inc. operates in the financial technology industry, primarily focusing on credit card management services through its widely-used platform, 51 Credit Card Manager App. The company also offers a commercial information searching tool, Little Blue Book App, and has ventured into the new energy vehicle market with its Valalife Wechat Mini Program.

YTD Price Performance: 17.39%

Technical Sentiment Signal: Sell

Current Market Cap: €45.47M

For detailed information about 2051 stock, go to TipRanks’ Stock Analysis page.

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