MAO GEPING: 2024 Annual Report

Mao Geping achieved a revenue of RMB 3.8847 billion in the 2024 fiscal year, a year-on-year increase of 34.6%; net profit reached RMB 0.8813 billion, a year-on-year increase of 32.8%. The company's overall gross margin remained high at 85.0%, and a final dividend of RMB 0.72 per share was declared. Offline and online channels contributed 52.2% and 47.8% to total product sales, respectively, with direct sales being the main source of income.The company successfully listed on the Hong Kong Stock Exchange in December 2024 and established a new R&D center in Hangzhou, while also acquiring new land for its headquarters development, committing to a minimum construction investment of RMB 0.4 billion. In terms of environmental performance, the company’s annual total carbon emissions amounted...Show More

Mao Geping achieved a revenue of RMB 3.8847 billion in the 2024 fiscal year, a year-on-year increase of 34.6%; net profit reached RMB 0.8813 billion, a year-on-year increase of 32.8%. The company's overall gross margin remained high at 85.0%, and a final dividend of RMB 0.72 per share was declared. Offline and online channels contributed 52.2% and 47.8% to total product sales, respectively, with direct sales being the main source of income.The company successfully listed on the Hong Kong Stock Exchange in December 2024 and established a new R&D center in Hangzhou, while also acquiring new land for its headquarters development, committing to a minimum construction investment of RMB 0.4 billion. In terms of environmental performance, the company’s annual total carbon emissions amounted to 1,330.17 tons of carbon dioxide equivalent, and a comprehensive ESG governance framework was implemented.In risk management, the company identified and addressed climate risks, enhanced supply chain resilience through a multi-supplier strategy, and strengthened Intellectual Property Protection. In the realm of social responsibility, the company's annual charitable donations reached RMB 2.86 million, conducted autism care activities, and provided makeup services for over 700 Community activity participants, demonstrating a commitment to corporate social responsibility.