On March 22, China Bolton (03318.HK) announced that for the year ended December 31, 2023, the Group's total revenue was approximately RMB 2,063.7 billion, a decrease of 11.2% compared with last year. The Group's gross profit increased to approximately RMB 798.1 million, a slight increase of 1.4% compared to the previous year, and the Group's annual net profit was approximately RMB 140.6 million, an increase of 66.5% over last year. The increase was mainly due to the sale of two Korean subsidiaries to independent third parties, generating sales revenue of approximately RMB 62.8 million. After deducting sales proceeds, the Group's net profit for the year was approximately RMB 77.8 million, down 7.9% from last year. On December 31, 2023, the e-cigarette product division and the fragrance enhancer division together contributed about 81.0% of the Group's total revenue (2022:84.3%).
中国波顿(03318.HK)：2023年净利润1.406亿元 同比增加66.5%
China Bolton (03318.HK): 2023 net profit of 140.6 million yuan increased 66.5% year-on-year
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