Summary by Moomoo AI
Fenbo Holdings Limited, a Cayman Islands-based holding company, reported its annual financial performance for the year ending December 31, 2023. The company, through its subsidiaries, specializes in manufacturing and selling premium personal care electric appliances, such as hair styling products. Despite a challenging economic environment marked by the COVID-19 pandemic and global supply chain disruptions, Fenbo Holdings managed to generate revenues of HK$119.1 million (approximately US$15.2 million) in 2023, a slight decrease of 0.5% from the previous year. The cost of sales saw a decrease to HK$97 million (US$12.4 million), resulting in a gross profit of HK$22.1 million (US$2.8 million), an increase from the previous year's HK$18.8 million. However, the company reported a net loss of HK$1.5 million (US$188,000), compared to a...Show More