36Kr Holdings Inc. (NASDAQ:KRKR) Q4 2023 Earnings Call Transcript

Operator: Your next question comes from Ricky [ph] with Sealand Securities.

Unidentified Analyst: What are the growth prospects for 2024?

Dagang Feng: While Looking back on 2023, despite macro uncertainties and shifting external dynamics, we delivered solid results with 5.5% year-over-year revenue growth. We are cautiously optimistic of 2024 and we expect to sustain revenue growth and improved profitability. For one thing, we will further enrich our content ecosystem and reinforce our products and services. We will also actively minimize utilization of AIGC technology across content production initiatives and launch additional AI-driven products to engage with a diverse spectrum of enterprises and clients previously beyond reach due to resource intensive workloads and manage our limitations. Moreover, the introduction of the notion of Advanced Productivity has fostered a strong sense of confidence and assurance across the company, giving our comprehensive offerings that support and empower a diverse spectrum of businesses.

We are well positioned to capture greater commercialization opportunities arising from this new strategy. Furthermore, with the optimization of our organizational structure and systematic CapEx in cost and expenses, we are posed to advance our goals of cost-reduction and efficiency enhancements which will further bolster our operating leverage, driving overall profitability to new heads.

Operator: As there are no further questions, I’d now like to turn the call back over to the company for closing remarks.

Jianan Ding: Thank you once again for joining us today. If you have further questions, please feel free to contact 36Kr Investor Relations through the contact information provided on our website.

Operator: This concludes this conference call. You may now disconnect your lines. Thank you.