On March 27, GLONGHUI (01717.HK) announced that in 2023, the company's revenue was RMB 7,382.0 million, a year-on-year decrease of RMB 413.5 million or 5.3%. Gross profit was RMB 2,852.6 million, a year-on-year decrease of RMB 540.2 million, or 15.9%. Net profit attributable to company equity holders was RMB 174.4 million, a year-on-year decrease of RMB 42.1 million or 19.4%. Despite this, the company's own brand of goat milk powder has steadily ranked first in the Chinese market. Judging from the international business, Jiabeite goat milk powder has achieved rapid growth in many markets around the world and continues to maintain the number one market position for goat milk powder in the world; the profitability of its own brand formula improved year-on-year, and revenue from the nutritional products business continued to grow rapidly.
The Board of Directors of the Company recommended the payment of a final 2023 dividend of HK$0.05 per share of the Company (2022: HK$0.06).