36Kr Holdings Inc. Stock Price, News & Analysis

36Kr Holdings (NASDAQ: KRKR), a platform serving New Economy participants in China, has announced the filing of its 2024 annual report on Form 20-F with the Securities and Exchange Commission on April 17, 2025. The report is accessible through the company's investor relations website at http://ir.36kr.com and the SEC's website at www.sec.gov.

Shareholders and ADS holders can request a free hard copy of the annual report containing audited consolidated financial statements by contacting the company's Investor Relations Department.

36Kr Holdings (NASDAQ: KRKR) has released its unaudited financial results for H2 and FY 2024. The company reported a 10% increase in followers to 35.9 million, but faced revenue declines across all segments. Total revenues for H2 2024 were RMB128.7 million (US$17.6M), down from RMB200.3M in H2 2023.

For FY 2024, total revenues were RMB231.1 million (US$31.7M), compared to RMB340.2M in 2023. The company achieved significant operational efficiency improvements, reducing total operating expenses by 50% year-over-year in H2 2024 and 31% for the full year. Gross profit margin remained above 50% in H2 2024.

The company maintained cash and equivalents of RMB91.7 million (US$12.6M) as of December 31, 2024. Net loss for FY 2024 was RMB140.8 million (US$19.3M), compared to RMB89.2M in 2023.

36Kr Holdings (NASDAQ: KRKR), a leading platform serving New Economy participants in China, has scheduled the release of its second half and fiscal year 2024 unaudited financial results for Tuesday, March 11, 2025, before U.S. markets open.

The company will host an earnings conference call at 8:00 a.m. U.S. Eastern Time (8:00 p.m. Beijing/Hong Kong Time) on the same day. Management will be present to discuss the results, and participants can join via phone through pre-registration. A live and archived webcast will be available on the company's investor relations website at http://ir.36kr.com, with a one-week replay option available after the conference.

36Kr Holdings (Nasdaq: KRKR) has partnered with Soften to launch '36Kr Market Watch', an AI-powered WeChat mini program news hub. The platform delivers daily newsletters and business news highlights for user-tracked companies, focusing on monitoring 20 highly-watched A-share listed companies based on stock interest, trading volume, and discussion rankings. The service democratizes access to valuable market reports, previously exclusive to institutional investors, by making them available to retail investors. Users can customize their subscriptions for tailored company news reports, receiving comprehensive market intelligence before daily trading activities.

36Kr Holdings Inc. (Nasdaq: KRKR) has launched 36Kr European Central Station (https://eu.36kr.com/), expanding its global reach. The platform offers news on Chinese startups and original content, providing timely information to overseas stakeholders. 36Kr Europe supports browsing in English, German, and Chinese, with plans to add more languages.

The company leverages AIGC technology to enhance productivity and reduce content creation costs. This includes text-to-image functionality, efficient text translation, and information collation. 36Kr has already established a presence in Japan and Southeast Asia, and aims to further expand its international network.

CEO Dagang Feng emphasized the company's commitment to intensifying international efforts and utilizing AI applications for efficient information dissemination. 36Kr aims to offer comprehensive products and services for global expansion to governments and businesses.

36Kr Holdings Inc. (NASDAQ: KRKR) reported unaudited financial results for the first half of 2024. Key highlights include:

- Total revenues were RMB102.4 million (US$14.1 million), down from RMB139.9 million in H1 2023.
- Online advertising services revenues decreased to RMB80.4 million (US$11.1 million).
- Number of followers increased 9.2% year-over-year to 33.3 million.
- Net loss widened to RMB95.9 million (US$13.2 million).
- Operating expenses decreased by 10% year-over-year to RMB117.0 million (US$16.1 million).

The company faced challenges due to the macroeconomic environment but saw improvements in ARPU for online advertising and institutional subscription services. 36Kr remains focused on content creation, AI opportunities, and cost optimization.

36Kr Holdings Inc. (NASDAQ: KRKR), a leading platform for New Economy participants in China, has announced it will release its 2024 first half unaudited financial results on Tuesday, September 3, 2024, before U.S. markets open. The company will host an earnings conference call at 8:00 a.m. U.S. Eastern Time (8:00 p.m. Beijing/Hong Kong Time) on the same day.

Participants can join the call by phone through a pre-registration link or access a live and archived webcast on the company's investor relations website. A replay of the conference call will be available for one week. 36Kr Holdings Inc. offers content, online advertising, enterprise value-added services, and subscription services to New Economy companies and traditional companies seeking to upgrade.

36Kr Holdings Inc. (NASDAQ: KRKR), a leading platform for New Economy participants in China, has announced significant changes to its management and Board of Directors. Ms. Lin Wei has resigned as Chief Financial Officer and Board member, effective August 9, 2024. Mr. Xiang Li has been appointed as the new CFO and director, effective immediately.

Mr. Li, who joined 36Kr in 2016, brings nearly two decades of financial experience from roles at Samsung, CNH Australia, Sony Ericsson, and Smith & Nephew. He holds a Bachelor's degree in Accounting from Nankai University and a Master's degree in Finance from Macquarie University, and is a licensed CPA in Australia.

CEO Dagang Feng expressed gratitude for Ms. Wei's contributions and confidence in Mr. Li's capabilities to drive the company's next growth phase.

36Kr Holdings Inc. (Nasdaq: KRKR) has announced a strategic partnership with Zhi-Tech Group (SZ: 300785) to expand its business and commercialization initiatives in the consumer sector. The collaboration aims to leverage 36Kr's extensive user base and experience in serving New Economy enterprises with Zhi-Tech's expertise in e-commerce and various consumer sectors.

Key aspects of the partnership include:

• Joint original content creation
• Collaborative marketing services
• Product innovation
• Integration of AI technologies

Both companies expect this partnership to extend their customer reach, enhance market influence, and create a more competitive ecosystem fostering experimental products and improved services.