Summary by Futu AI
East Buy Holdings Limited announced its annual performance for the fiscal year ending on May 31, 2024. The annual performance has been audited by the external auditor, Deloitte Touche Tohmatsu Certified Public Accountants. The company's total revenue reached 6.526 billion RMB, an increase of 56.8% compared to the previous fiscal year. The pre-tax profit was 0.434 billion RMB, and the net profit for the year was 0.249 billion RMB. The basic earnings per share were 0.24 RMB. During the reporting period, the company completed the sale of its education business and focused on live-stream e-commerce business. The company's GMV (Gross Merchandise Volume) increased to 14.3 billion RMB, with 65 million followers on the Douyin platform. In the future, the company will continue to expand its self-operated products and live-stream e-commerce business, and further enhance its supply chain management capabilities.