Summary by Futu AI
North Forest Holdings Limited (stock code: 9669) announced the comprehensive annual performance for the year ended March 31, 2024. During the reporting period, the group's revenue reached RMB 854,741 thousand, an increase of 13.8% over the previous fiscal year; gross profit was RMB 514,927 thousand, an increase of 23.9%. The loss for the year was RMB 3,208,587 thousand, an increase of 23.5%. The adjusted net loss (measured under non-international financial reporting standards) was RMB 105,366 thousand, a decrease of 64.9%. This performance reflects North Forest's continued leading position in the digital transformation of human resources and the cloud HCM solution market. North Forest's comprehensive annual performance during the reporting period has been audited by the auditor and reviewed by the audit committee. In the face of macroeconomic challenges in 2023, the group's business showed resilience, successfully overcoming market fluctuations and achieving positive growth. North Forest Holdings completed its global offering on April 13, 2023, and its shares are listed on the Main Board of the Hong Kong Stock Exchange.