Ruicheng China Media (01640) announced the results for the year ended December 31, 2023. The group achieved...
According to the Zhitong Finance App, Ruicheng China Media (01640) announced the results for the year ended December 31, 2023. The group achieved revenue of 379 million yuan (RMB, same below) during the period, a year-on-year decrease of 8.23%; losses attributable to the company's owners were 234.71 million yuan, an increase of 106.18% over the previous year; and the basic loss per share was 5.87 points.
During the reporting period, the Group obtained gross profit and gross margin of approximately RMB 23.6 million and approximately 6.2% respectively. The Group obtained gross profit and gross margin of approximately RMB 10.6 million and approximately 2.6% respectively during the same period last year. The cost of media business launch projects has decreased this year, which has led to an increase in gross profit.