The company has reported a notable financial recovery, reversing its fortunes from a net loss of approximately RMB 510.4 million in 2023 to a net income of around RMB 103.3 million in 2024. This significant turnaround underscores the company's effective financial strategies and operational improvements over the past year.
In addition to the improved income statement, the company strengthened its financial position with a remarkable increase in its cash and cash equivalents, and short-term investments. These assets grew by approximately RMB 1.14 billion, marking a 148.0% rise from approximately RMB 773.9 million at the end of 2023 to about RMB 1.92 billion by the close of 2024. This boost in liquidity enhances the company's ability to invest in future opportunities and manage its liabilities efficiently.
