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Jianpu Technology Inc. (OTCQB: AIJTY) reported its unaudited financial results for the first half of 2024. Total revenues decreased by 25.3% to RMB429.2 million (US$59.1 million) compared to the same period in 2023. However, the company achieved a turnaround in profitability, with income from operations of RMB8.5 million (US$1.2 million) and a net income of RMB28.9 million (US$4.0 million).
The company's net income margin improved to 6.7%, compared to a net loss margin of 3.8% in the previous year. This turnaround was attributed to the company's focus on business optimization and efficiency improvements. Jianpu also reported progress on its share repurchase program, having repurchased ADSs and Class A ordinary shares for approximately US$1.5 million.
Jianpu Technology Inc. (OTCQB: AIJTY), a leading independent open platform for financial product discovery and recommendation in China, has appointed Marcum Asia CPAs LLP as its new independent registered public accounting firm, effective July 26, 2024. This decision follows a thorough evaluation process and has been approved by the company's board of directors and audit committee. Marcum Asia will audit Jianpu's consolidated financial statements for the fiscal year ending December 31, 2024.
Concurrently, PricewaterhouseCoopers Zhong Tian LLP (PwC) has been dismissed as Jianpu's independent auditor, effective July 15, 2024. PwC's reports on Jianpu's consolidated financial statements for the fiscal years 2023 and 2022 contained no adverse opinions or disclaimers. The company reported no disagreements with PwC on accounting principles, financial statement disclosure, or auditing procedures during their tenure.
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