The Zhitong Finance App learned that the card transfer (09923) fell by nearly 5%. As of press release, it fell 4.77% to HK$11.98, with a turnover of HK$4.865,500.
According to the news, Mobile Card announced its 2023 annual results, with revenue of 3,951 billion yuan (RMB, same below), up 15.6% year on year; profit attributable to the company's equity holders was 11.627 million yuan, a decrease of 92.45% year on year; and gross profit of 738 million yuan, down 28.4% year on year. This is also the first time since the company went public that gross profit declined. In addition, the company's in-store e-commerce service revenue during the reporting period was 103 million yuan, a year-on-year decrease of 71%.
Guotai Junan pointed out earlier that considering the intensification of market competition, the company's in-store e-commerce business was under pressure. The 2023-25 revenue was adjusted to 37.1/46.4/5.29 billion yuan (same unit, adjusted before 44.3/56.4/7.07 billion yuan), and net profit was 0.08/3.08/ 417 million yuan (3.44/4.52 billion yuan).