Gelonghui, March 26, 丨 Goodboy International (01086.HK) announced that for the year ended December 31, 2023, the company's revenue for the period fell 4.4% year on year to about HK$7.927 billion. The company's reported operating profit increased 265.5% year over year to approximately HK$368 million. Earnings per share were HK$0.12.
During this period, the Group continued to surpass its competitors and increase its market share in major international markets. The Group's profitability recorded a strong momentum: gross margin increased by 9.6 percentage points to a new high of 50.1%, and operating profit margins rebounded rapidly throughout the year. During this period, the Group also generated strong operating cash flow, demonstrating the Group's consistent commitment to improving profitability and cash flow management.
The Group is always prepared to deal with long-term uncertainty and changes brought about by the macro environment. The Group's complete one-stop vertical integration of global platforms, investment in innovation, crisis management experience and advantages honed during the pandemic, and continuous efforts to improve efficiency and control costs have enabled the Group to withstand any emergencies and maintain the reversal of business performance achieved during this period.