9F Inc. Reports Significant Increase in Revenues for 2024; Net Income Surges as Earnings Per Share Rise
9F Inc. released its financial results for the year ended December 31, 2024. The company reported a decline in sales income, totaling RMB 124.973 million, compared to RMB 142.628 million in 2023, marking a decrease of 12.4%. Gross profit for the period was RMB 95.222 million, an increase from RMB 80.974 million in the previous year, representing a growth of 17.6%. Technical services revenue also showed a notable decrease, falling to RMB 143.648 million from RMB 247.770 million in 2023, a drop of 42%. Meanwhile, post-origination services revenue increased to RMB 5.326 million, up from RMB 3.629 million in the previous year, reflecting a growth of 46.8%. The company continues to seek additional cross-selling opportunities in its online wealth management product lines, including insurance brokerage services and overseas stock investment products, as part of its strategic efforts to expand service and product offerings. The outlook or guidance for future periods was not specified in the report.
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