Tianjudike Reports FY2024 Results: Net Profit Attributable to Shareholders Drops 44.6% to RMB 19.25 Million

Stock News
Sep 20

TIANJUDIHE (02479) has announced its annual results for the year ended December 31, 2024, revealing a mixed financial performance. The group achieved total revenue of RMB 599 million, marking a 35.7% increase compared to the previous year. However, profit attributable to owners of the company declined by 44.6% to RMB 19.251 million, with earnings per share standing at RMB 0.4.

According to the company's statement, the revenue growth was primarily driven by an uptick in income from its API marketplace and data management solutions segments. The sharp contraction in net profit, despite robust top-line growth, highlights ongoing cost pressures or margin challenges faced by the business during the reporting period.

These figures underscore a period of expansion for the firm's core operations, even as profitability metrics lag behind the revenue trajectory. Investors will likely focus on the company's ability to manage expenses and improve bottom-line performance in the coming fiscal year.

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