On February 5, Ge Longhui Kitchen Cabinet (603180.SH) announced its 2023 annual results report. Total operating revenue was 3642.1213 million yuan, up 2.50% year on year, and net profit was 294.673 million yuan, up 6.29% year on year.
During the reporting period, in the face of internal and external adverse factors such as the complex economic environment and the phased decline in the real estate industry's prosperity, the company firmly focused on household development strategies, accelerated channel transformation and decline, strengthened retail channels, home improvement channels, hardcover channels, and overseas channel development, actively laid out new channel businesses such as partial transformation and packaging, consolidated “1+5+1” digital infrastructure enabling terminals, and comprehensively promoted the internationalization strategy to achieve a double cycle at home and abroad, and the company's revenue grew against the trend in 2023.