Summary by Moomoo AI
On May 14, 2024, the Company announced its unaudited financial results for the three months ended March 31, 2024. The report showed that Nagato Premium's revenue in the quarter reached RMB3,723.5 million, up 26.0% year-on-year; gross profit was RMB1,616.5 million, up 39.1% year-on-year, and gross profit increased from 39.3% to 43.4% in the same period in 2023. Operating profit was RMB743.3 million, a year-on-year increase of 29.1%; profit for the period was RMB586.0 million, an increase of 24.4% year-on-year. Adjusted net profit was RMB616.9 million, up 27.7% year-on-year and adjusted net profit margin of 16.6%. Adjusted EBITDA was RMB965.3 million, a year-on-year increase of 36.7% and adjusted EBITDA margin of 25.9%. The number of stores owned by Creative Products also grew significantly, with the number of stores in Mainland China exceeding 4,000 for the first time. The Company emphasizes that while the announcement contains forward-looking statements, investors should not rely too heavily on unaudited financial data and should act with caution.