Glonghui announced on March 27 | 51 Credit Card (02051.HK) that for the year ended December 31, 2023, the company's revenue was approximately RMB 217 million, down about 45.1% from the year ending 2022; the company's net loss was approximately RMB 3.1 million, down about 96.8% from approximately RMB 97.6 million for the year ended December 31, 2022.
As the number of the company's sales team, sales staff efficiency, and monthly sales all doubled compared to the end of 2022, the company's TobSaaS business in Xiaolanben achieved a significant increase, and profits increased. Thanks to the Group's active marketing and promotion efforts, the company also achieved steady month-on-month growth in customer unit prices and customer purchase and renewal rates.
Overall, Xiaolanben's ToC business has maintained relatively steady development, and continues to provide some leads and business opportunities for ToB, further consolidating CtoB's joint competitive advantage, achieving deep cultivation in various industry segments, and enhancing the opportunities and sustainability of business development.
The overall economic market in 2023 is still in the recovery stage. Considering the impact of macro-market and financial regulatory policy changes, the Group actively adjusted its business structure and optimized resource allocation. Among them, the overall scale of the credit matching business declined further. At the same time, the company continued to adjust the business strategy of the credit matching business, focus on user management for high-quality stock customers, and actively adjust new customer acquisition models under different channels. Furthermore, the recovery performance of the company's overdue assets was in line with expectations, mainly due to the company actively expanding collection channels under the premise of strict compliance and supervision. Among them, the maintenance and repayment of legal channels made good progress.