Summary by Moomoo AI
Renato Premium Group Holdings Limited announces its results for the six months ended 31 December 2023. During the period, the Group's revenue reached RMB7,632,467 thousand and the profit for the year was RMB1,256,077 thousand. The gross margin increased to 42.5%, mainly due to product optimisation for overseas markets and an increase in the direct market revenue share. The Group's total number of stores in China and overseas markets increased from 5,791 as of 30 June 2023 to 6,413 as of 31 December 2023. In addition, the Group announced on 17 January 2024 that the closing date for the financial year was changed from 30 June to 31 December. Innovative Advantage announced on March 12, 2024 a special cash dividend of $0.2900 per share or $0.0725 per share of US Depositary Shares and Ordinary Shares registered at the close of business on March 28, 2024 to holders of US Depositary Shares and Ordinary Shares registered on the Register on March 28, 2024.