Future Development Holdings (01259.HK) announced that for the 12 months ended December 31, 2021, earnings fell by about 14.0% to about 1.011 billion yuan compared with about 1.175 billion yuan in the same period in 2020. Gross profit decreased by about 19.1% to about 206 million yuan compared with the same period in 2020. Gross profit margin decreased by about 1.3% to about 20.4% compared with the same period in 2020. The loss attributable to the company's equity holders during the year was about RMB 90.6 million, while the loss attributable to the company's equity holders in the same period in 2020 was about RMB 33.9 million. The company's equity holders' share of the basic loss per share is about 4.4 cents.

The Group's gross profit during the reporting period was about RMB 206.3 million, which was about 19.1% lower than that of about RMB 255 million for the year ended December 31, 2020. The decline in gross margin is mainly due to the decline in revenue of personal care products in the increasingly fierce market competition and the increase in manufacturing costs of personal care products.