Gelonghui June 3008545.HK announced that for the year ended March 31, 2023, it is expected that the Group may record a profit attributable to corporate owners of not less than HK $5 million this year, compared with a profit of about HK $1.5 million last year.
According to the announcement, the board of directors believes that the increase in profits this year is mainly due to the fact that global production and supply chain have slowly returned to normal after three years of COVID-19 epidemic; revenue from the distribution of imported toys has increased sharply this year by about 36.5%. The sales of ODM toys have increased slightly and continue to account for the largest part of the group's sales business.