According to the Zhitong Finance App, Baosheng International (03813) announced that the Group's revenue for the year ended December 31, 2023 is expected to increase by about 7.7% over the 2022 fiscal year to about RMB 20.064 billion, while the profit attributable to the company's owners this year will increase by about 450% over the 2022 fiscal year to approximately RMB 490 million.
According to the announcement, the Group's overall excellent performance is mainly due to strengthening its omni-channel strength through efficient measures, strict cost control and inventory optimization, focusing on agile operation and sustainable growth, and low base period effects. The Group will continue to expand strategic cooperation with business partners, prioritize profit margins, and strive for quality growth. The Group will continue to focus on operational excellence and enhance profitability through digital transformation strategies, strengthened business models and channel combinations, strategic dynamic inventory control, and the top priority of efficient working capital management.