NETJOY (02131) released its financial performance for the year 2024, with a net loss of 460 million yuan, a turnaround from profit to loss year-on-year.

NETJOY (02131) announced its annual performance for the year ended December 31, 2024. The company achieved revenue of RMB 3.15 billion, an increase of 4.64% year-on-year; the loss attributable to the owners of the parent company was RMB 460 million, with a conversion from profit to loss compared to the previous year; and a loss per share of 60.2 cents. The announcement stated that the increase in revenue was mainly due to (i) the continued strategic adjustment of the group, maintaining stable cooperation with existing media channels while actively expanding into new media channels to consolidate income; and (ii) actively developing diversified businesses, with the micro-short drama business showing initial success and generating a certain amount of income growth.