
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%

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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
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