CHINA YOUZAN announced its 2023 performance, with the company's net profit attributable to owners reaching 7.429 million RMB, turning losses into profits year-on-year

CHINA YOUZAN announced its 2023 performance, with a net profit attributable to owners of the company of 7.429 million yuan, turning losses into profits year-on-year. The decrease in revenue was mainly due to a decrease in subscription solution revenue, partially offset by an increase in revenue from merchant solution. The total merchandise transaction volume generated by merchants through CHINA YOUZAN reached approximately RMB 102.5 billion, an increase of about 1% year-on-year compared to 2022. The merchandise transaction volume of the store SaaS business was approximately RMB 50.7 billion, accounting for about 49% of the total merchandise transaction volume, with a year-on-year increase of about 19%