HUICHENG INTL H released its 2024 annual performance, with a loss attributable to shareholders of 109 million yuan, a year-on-year narrowing of 23.2%
HUICHENG INTL H released its 2024 annual performance, with revenue of 156 million yuan, a year-on-year decrease of 24.8%; the loss attributable to shareholders was 109 million yuan, a year-on-year narrowing of 23.2%. The basic loss per share was 3.33 cents. Gross profit fell from 101 million yuan in 2023 to 81.1 million yuan, a decrease of approximately 19.9%, but the overall gross profit margin increased from 48.8% to 52.0%. After deducting inventory provisions, the gross profit margin rose from 73.2% to 77.0%, mainly due to the increase in the proportion of sales from proprietary brands
According to the Zhitong Finance APP, HUICHENG INTL H (01146) released its annual performance for the year ending December 31, 2024. The group achieved revenue of 156 million yuan (RMB, the same below), a year-on-year decrease of 24.8%; the loss attributable to the parent company was 109 million yuan, a year-on-year narrowing of 23.2%; basic loss per share was 3.33 cents.
The announcement stated that the group's gross profit decreased from 101 million yuan in 2023 to 81.1 million yuan in 2024, a decline of approximately 19.9%. The overall gross profit margin of the group increased from 48.8% in 2023 to 52.0% in 2024, an increase of 3.2 percentage points. Excluding inventory provisions, the group's gross profit margin will increase from 73.2% in 2023 to 77.0% in 2024. This increase is mainly due to the higher proportion of sales from proprietary brands, which have a higher gross profit margin
