Summary by Futu AI
XINROI PHARMACEUTICALS INTERNATIONAL HOLDINGS LIMITED (“NEW PHARMACEUTICALS”) ANNOUNCED ITS ANNUAL RESULTS FOR THE YEAR ENDED 31 DECEMBER 2023 WITH REVENUES OF APPROXIMATELY HK$50.2 MILLION, DOWN APPROXIMATELY 44.1% COMPARED TO 2022. Gross profit was HK$12.9 million, down approximately 2.3% year-on-year. Net loss of approximately HK$22.2 million, down approximately 71.5% compared to 2022, and no final dividend was paid. The company has a zero balance of debt and no bank or other borrowing. The main business of Novi Pharmaceuticals is the distribution and trading of pharmaceutical products, as well as the provision of marketing and promotion services. Its main market is in China. In the face of China's healthcare reform policy and market challenges, the Company is actively adjusting its business strategy, including enriching its product...Show More