On March 7, Ge Longhui | Jiayao Holdings (01626.HK) announced that the company expects to record net profit after tax of approximately RMB 110.0 million to RMB 150.0 million for the year ended December 31, 2023, while the previous year recorded net profit after tax of approximately RMB 11.0 million.
The aforementioned increase in net profit after tax was mainly due to the e-cigarette segment's outstanding contribution to the Group's gross profit, which achieved rapid growth and higher profit margins during the year.