Feiyang Group (01901) announced its annual results for the year ended December 31, 2023. The Group's revenue was RMB 5...
According to the Zhitong Finance App, Feiyang Group (01901) announced the results for the year ended December 31, 2023. The Group's revenue was RMB 534 million (same unit), up 598.65% year on year; loss attributable to shareholders was RMB 9.575 million, narrowing 75.76% year on year; gross profit of RMB 54.333 million, up 299.48% year on year.
The Group continues to expand its revenue sources, expand its influence in the health products market through online platforms, and cooperate with external manufacturers to develop and promote health products under the company's brand to meet the changing needs of consumers after experiencing the difficult COVID-19 pandemic. This trend is expected to continue growing in the foreseeable future.
To further expand its revenue stream, the Group also began providing financial leasing services this year. The Group plans to continue to strengthen its information system development services by increasing the number of registered users of the Group's platform, expand its business scope and scale in the field of cultural intellectual property (IP), and continue to distribute health products. The Group has been formulating and implementing strategies to diversify the cultural tourism business based on digital information technology based on existing business, laying a solid foundation for the Group's overall expansion and upgrading in the future.
In line with the booming trend of China's tourism recovery, the Group launched a series of tourism-related products, with a focus on freedom of action, and resumed organizing attractive tours to meet the preferences of Chinese travelers. As the economy continues to recover, the company expects Chinese travelers to travel to a wider range of destinations, and the company will continue to provide quality travel services to its valued customers.
The Group is confident in sustainable growth, and believes that its management team and flexible operation team with rich industry experience can adapt to rapid changes in market demand and adjust business strategies according to market trends.