Tianli Holding Group (00117) announced its annual results for the year ended December 31, 2023. The group period...
According to the Zhitong Finance App, Tianli Holding Group (00117) announced its annual results for the year ended December 31, 2023. The group achieved revenue of 488 million yuan (RMB, same below) during the period, an increase of 35.04% over the previous year; losses attributable to shareholders were 222 million yuan, an increase of 247.92% over the previous year; and the basic loss per share was 29.8 points.
According to the announcement, the MLCC division's gross margin increased from 3.1% for the year ended December 31, 2022 to 7.1% for the year ended December 31, 2023, mainly due to improvements in the production mix. At the same time, the Group has controlled costs to a certain extent since the second half of 2022, leading to a reduction in average costs.