Jifeng shares 2024 third quarter report released

Jifeng Co., Ltd. recently released its third quarter report for 2024. The report showed that the company achieved revenue of 16.91 billion yuan in the first three quarters, a year-on-year increase of 6.1%. However, the company's net profit attributable to the parent company suffered a loss of 530 million yuan, a year-on-year loss. Specifically in the third quarter, the company achieved revenue of 5.9 billion yuan, a year-on-year increase of 7.2%, while the net profit attributable to the parent company was a loss of 585 million yuan, a year-on-year loss. This loss was mainly affected by factors such as the impairment provision for assets to be sold. Despite this, the company said that with the removal of the loss burden, Grammer will usher in an important profit turning point.