On March 20, GLONGHUI | Hengdeli (03389.HK) announced that for the year ended December 31, 2023, the company recorded revenue of 1.42 billion yuan, an increase of 12.9% over the same period last year. The gross margin was about 15.1%, up 7.6 percentage points from the same period last year. Profit attributable to shareholders was $33,885,000 (2022: loss of RMB 80,022,000), an increase of 142.3% over the same period last year. The main reason for annual profit is a sharp drop in inventory provision and operating expenses of the watch business due to improved gross profit and the termination of the watch business.
亨得利(03389.HK)年度收入14.2亿元 同比上升12.9%
Hendry (03389.HK)'s annual revenue of 1.42 billion yuan increased 12.9% year-on-year
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