Youku Holdings (01948) announced its 2023 results, with revenue of 7.076 billion yuan, a year-on-year decrease of 15.1%;...
According to the Zhitong Finance App, Youku Holdings (01948) announced its 2023 results, with revenue of 7.076 billion yuan, a year-on-year decrease of 15.1%; gross profit of 286 million yuan, an increase of 30.1%; profit attributable to company owners of 90.6 million yuan, a year-on-year decrease of 20.3%; and profit per share of 0.15 yuan. Operating cash inflows were approximately RMB 812.2 million.
According to the announcement, the decline in earnings was mainly due to measures to control customer credit risk and optimize the customer structure. The increase in gross profit is mainly due to the company's commitment to optimizing the customer structure and improving operational efficiency, which has led to a significant increase in gross margin.