Gelonghui, March 21, 丨 Wancheng Group Co., Ltd. (01451.HK) announced that for the year ended December 31, 2023, the Group's revenue was approximately HK$234.0 million, a decrease of about 10.1% compared with last year. Both the OEM business and the Yoyo Malaysia business recorded a decline in revenue.
The Group recorded an increase in net profit attributable to the company's equity holders from about HK$13.8 million in the previous year to about HK$16.3 million in the same year, mainly due to an increase in gross margin, a decrease in sales expenses and an increase in financing revenue.