Gelonghui March 26 | Volcanic Yidong International Holdings (01715.HK) announced its annual results. For the year ended December 31, 2023, the Group's revenue fell 4.3% from RMB 88.2 million to RMB 84.4 million for the year ended December 31, 2022. In addition, the Group recorded a net loss of RMB49.3 million during the reporting period due to reduced gross margin, impairment losses and increased financial costs.
Looking ahead, the Group has implemented plans to improve financial performance. The Group will continue to develop new products suited to consumer needs. During the reporting period, the Group introduced natural mineral water and eye care products to the market. On the other hand, the Group will continue to adopt strict cost control measures to reduce expenses. The Group will also consider potential business opportunities and diversify its business segments to create value for the Group and shareholders.