Summary by Moomoo AI
On March 12, 2024, the Unaudited Financial Results for the three months ended December 31, 2023, was released on March 12, 2024. In the quarter, NAT Premium achieved revenues of RMB3,841.3 million, up 54.0% year-on-year; gross profit was RMB1,657.3 million, up 66.2% year-on-year, and gross profit increased from 40.0% to 43.1% in the same period in 2022. Profit for the period reached RMB637.8 million, an increase of 77.3% year-on-year. Adjusted net profit was RMB660.5 million, up 77.0% year-on-year with an adjusted net profit margin of 17.2%. The number of premium stores also increased significantly, reaching 6,413 global stores as of December 31, 2023, an increase of 973 year-on-year. The company announced a special cash dividend on March 12, 2024 and held an investor day on January 18, 2024 to share its development strategy for the next five years. The company's management is optimistic about the long-term prospects of global innovation and plans to open 900-1,100 new stores annually between 2024-2028.