Summary by Futu AI
Jin Su Li Do Group Co., Ltd. (“Jin Su Li Do” or the “Company”) announces audited financial results for the year ended December 31, 2023. The report showed that the company's revenue increased from RMB5,855,917 thousand in 2022 to RMB7,030,467 thousand, an increase of 20.1%. Gross profit increased by 26.0% from RMB3,238,930 thousand to RMB4,079,948 thousand. During the year, the Company's equity shareholders accounted for a significant increase of 126.0% from RMB 1,029,866 thousand to RMB2,327,083 thousand. Adjusted net profit (measured by non-international financial reporting criteria) also increased from RMB1,197,289 thousand to RMB1,622,602 thousand, an increase of 35.5%. The company successfully listed on the Hong Kong Stock Exchange on 27 April 2023, becoming the first white wine company to list in nearly 8 years and the largest IPO to fund the year on the Hong Kong Stock Exchange. Li Do Group said that it will continue to drive brand building, product innovation and market expansion, and is committed to improving ESG performance.