On March 22, Ge Longhui | Zhihua Group (01842.HK) announced that for the year ended December 31, 2023, the company's own label product business revenue was approximately HK$291.6 million, a year-on-year decrease of about HK$102.5 million or about 26.0%. The decrease was mainly due to a sharp drop in sales in North America in 2023. In addition, the company also faced a decline in sales of basic bags, tool storage and tool accessories during the reporting period. During the reporting period, the Group recorded a net profit of approximately HK$1.1 million, while a net loss of approximately HK$0.5 million was recorded in the previous year.