Edwin Group (09919) was highly sought after the announcement of Yingxi, and the intraday stock price rose more than 8%. As of press release, it rose 6.6% to HK$1.13.
The Zhitong Finance App learned that Edwin Group (09919) received financial support after the release of Yingxi, and the intraday stock price rose more than 8%. As of press release, it rose 6.6% to HK$1.13.
According to the news, Edwin Group announced that the Group expects to earn more than 960 million yuan in revenue in fiscal year 2023, an increase of about 38.2% over revenue of 695 million yuan in the same period last year; while net profit for fiscal year 2023 is expected to exceed 110 million yuan, a sharp increase of about 290% over net profit of 28.2 million yuan in the same period last year.
The board of directors believes that the expected increase in revenue and net profit is mainly due to the significant increase in the Group's experiential marketing business in fiscal year 2023, benefiting from the gradual recovery of the Chinese economy; the Group's online and offline integrated marketing services enhanced the brand value of customers, and demand for such marketing strategies increased; and as a market leader in the industry, the Group successfully grasped the marketing needs of high-end brands in mainland China and Hong Kong markets, further promoting the Group's overall business.