Core Insights - New New Technology (09600.HK) reported a revenue of RMB 278.8 million for 2024, representing a year-on-year growth of 13.6% compared to 2023 [1] - The company's gross profit increased by 4.9% year-on-year to RMB 38.9 million in 2024 [1] - The software development services segment generated RMB 243.2 million in revenue, accounting for 87.2% of total revenue, with a significant year-on-year growth of 35.5% [1] Financial Performance - Operating cash flow net income reached RMB 24.0 million, a substantial increase of 116.2% from RMB 11.1 million in 2023 [1] - Despite not achieving profitability in 2024, the growth in main business revenue and gross profit, along with the increase in operating cash flow, is expected to lay a solid foundation for rapid business development in 2025 [2] Strategic Developments - The company has established new subsidiaries in multiple locations including Hong Kong, Shenzhen, and Shanxi to enhance market presence and promote diversified collaborative development [1] - New New Technology focuses on "technological research and innovation" and "business model innovation," leveraging advanced technologies such as artificial intelligence and big data analytics for new product development and service integration [2] - The company has shown resilience despite challenges from a slowing domestic economy and complex external environments, maintaining steady business operations and gradually forming a stable operational style [2]
新纽科技软件开发服务收入超243百万元，占2024年集团总收入87.2%