According to the Zhitong Finance App, Crayon Shin-chan Foods (01262) announced results for the year ended December 31, 2023, with revenue of 764 million yuan (RMB, same below), up 11.7% year on year; net loss of 105 million yuan, up 39% year on year; and basic loss of 0.08 yuan per share.
The Group's net loss increased for the year ended 31 December 2023, mainly due to slow settlement or default by distributors, which led to an increase of approximately RMB 31.4 million in anticipated credit loss provisions.