Gelonghui (02192.HK) announced on March 25, that for the year ended December 31, 2023, the Group's revenue was approximately RMB 412.0 million, an increase of 31.2% over the same period last year. While expanding revenue, the Group continued to increase its profitability. The Group's net profit increased from RMB 126.4 million for the year ended December 31, 2022 to RMB 251.8 million for the year ended December 31, 2023, an increase of 99.1% over the previous year. The net profit margin increased 20.8 percentage points from approximately 40.3% for the year ended 31 December 2022 to approximately 61.1% for the year ended 31 December 2023.
Adjusted net profit for the year ended 31 December 2023 was approximately RMB 271.1 million, an increase of approximately 86.8% over approximately RMB 145.2 million for the year ended 31 December 2022. The adjusted net profit margin for the year ended December 31, 2023 was approximately 65.8%, up 19.6 percentage points from approximately 46.2% for the year ended 31 December 2022. The Board's resolution recommended a final dividend of RMB 0.1248 per share.