Gelonghui, Feb. 28 | Chaoyun Group (06601.HK) announced that the net profit for fiscal year 2023 is expected to be no less than RMB 144 million, an increase of no less than 120% over the same period in 2022; while revenue for fiscal year 2023 is expected to be no less than RMB 1,591 billion, an increase of no less than 10% over the same period of 2022.
The Board of Directors believes that this increase is mainly due to the Group's return to customer value to seize market opportunities. Through (i) actively promoting the rapid development of online and offline sales channels and improving marketing efficiency; (ii) continuous optimization of the product category structure, the proportion of high-margin products has increased; and (iii) continued supply chain reforms, thereby improving the Group's overall operating performance and profitability.