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MIIT: CN Revenue of Internet Firms Above Designated Scale Inches Up YoY in 5M25; Profit Sinks 2.2%
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In 5M25, the internet and related service companies above the designated scale in Mainland China achieved internet business revenue of RMB773.5 billion, representing a YoY rise of 0.9%, as the Ministry of Industry and Information Technology (MIIT) released data. The total profit realized was RMB69.2 billion, down 2.2% YoY. During the period, R&D expenditure amounted to RMB39.06 billion, a hike of 4.1% YoY. The growth rate of R&D expenditure slowed by 0.7 ppts compared to that in 4M25. AASTOCKS Financial News Website: www.aastocks.com |
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