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Linmon Media Limited ( (HK:9857) ) has issued an update.
Linmon Media Limited reported its audited consolidated annual results for the year ending December 31, 2024, showing a significant decline in revenue from RMB 1,221,752,000 in 2023 to RMB 657,008,000 in 2024. The company experienced a substantial decrease in gross profit margin from 39.4% to 16.5%, resulting in a loss before tax of RMB 213,417,000 compared to a profit of RMB 285,498,000 the previous year. This downturn in financial performance may impact the company’s operations and industry positioning, raising concerns for stakeholders.
More about Linmon Media Limited
Linmon Media Limited is a company incorporated in the Cayman Islands, operating in the media industry. It focuses on producing and distributing media content, with a market presence in Hong Kong.
YTD Price Performance: 2.50%
Average Trading Volume: 36,650
Technical Sentiment Signal: Buy
Current Market Cap: HK$1.04B
See more insights into 9857 stock on TipRanks’ Stock Analysis page.