Jifeng shares released its third quarter report for 2024, with revenue increasing by 6.1% year-on-year

Jifeng Co., Ltd. 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 net profit attributable to the parent company suffered a loss of 530 million yuan, a year-on-year loss. The revenue in the third quarter was 5.9 billion yuan, a year-on-year increase of 7.2%, but 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 the corresponding impairment of 250 million yuan in TMD for assets for sale, the increase of 230 million yuan in management expenses due to overseas layoffs and related intermediary fees, the increase of 80 million yuan in financial expenses due to exchange losses, and the increase of income tax due to deferred income tax.