According to the Zhitong Finance App, Musang Group Holdings (01817) issued an announcement. It is expected that profit after tax for the year ending December 31, 2023 will be between RMB 30 million and RMB 40 million, while profit after tax for the same period in 2022 is RMB 9.4 million, an increase of about 200% to 300% over the previous year.
The main reasons for the increase in profit after tax include: an increase in sales revenue for the company's main brand GXG; and a significant improvement in the performance of the Group's offline retail channels.