According to the Zhitong Finance App, China Childcare Network (01736) announced the results for the year ended December 31, 2023. The group obtained revenue of RMB 574.44 million (same unit), a year-on-year decrease of 32.39%; losses attributable to the company's owners were RMB 48.181 million, an increase of 14.06% over the previous year; and a loss of 19.74 points per share.
The announcement said that due to the impact of the overall economic environment and increased competition in the industry, the company's marketing and promotion business and product sales business have declined.