Summary by Futu AI
KYOTO GROUP ANNOUNCED ON 16 MAY 2024 UNAUDITED FINANCIAL RESULTS FOR THE FIRST QUARTER OF 2024 FOR THE YEAR ENDED 31 MARCH 2024. Revenue for the quarter reached RMB2,600 billion, up 7.0% year-on-year; operating profit was RMB77 billion, up 19.8% year-on-year; and net profit was RMB71 billion, up 13.9% year-on-year. In addition, net profit under non-US GAAP was RMB89 billion, up 17.2% year-on-year. The progress of the company's share repurchase program showed that between January 1 and May 15, 2024, the KeiDong Group repurchased approximately USD 13 billion of Class A ordinary shares. Ms. Xu Ran, CEO of the Kyung Group, said that the company's emphasis on user experience led to an increase in the number of active users and user engagement, and expressed confidence in the company's future development momentum. KYOTO WILL MARK ITS 10TH ANNIVERSARY ON NASDAQ ON MAY 22, 2024, AND LOOKS FORWARD TO CONTINUING TO CREATE VALUE FOR ITS STAKEHOLDERS IN THE FUTURE.