Gelonghui, March 25 | Yinghui Logistics (01442.HK) announced that for the year ended December 31, 2023, the Group recorded revenue of about RM370 million, an increase of about 4.0% over the same period last year. The Group's gross margin decreased from approximately 21.5% for the year ended 31 December 2022 to approximately 18.6% for the year ended 31 December 2023. The Group recorded a net profit of approximately RM18.379 million (2022: approximately RM35.882 million). Shareholders of the company should have earned RM0.89 cents per share.
The Group recorded revenue by providing: (i) integrated freight forwarding services; (ii) logistics centers and related services; (iii) land transportation services; (iv) container liquid bag solutions and related services; and (v) fourth party logistics services. The Group's enduring excellent performance stems from providing strategic integrated logistics services to different customers and industry combinations in Malaysia and neighboring countries.