According to the Zhitong Finance App, Laersdam (00738) announced the annual results for the year ending February 28, 2023, with earnings of about 413 million yuan (RMB, same below), a decrease of 27.4% over the previous year; losses attributable to shareholders of 50.3 million yuan, compared to 3 million yuan of profit attributable to shareholders in the same period last year; and a basic loss of 7.12 points per share.

According to reports, in the year in review, the novel coronavirus COVID-19 epidemic was still prevalent all over the world. It also directly impacted the recovery process of the mainland China, Hong Kong and Macao markets. Economic activity and consumer confidence continued to weaken. As a result, the Group's overall revenue fell 27.4% year-on-year to 413 million yuan.