According to the Zhitong Finance App, China Party Culture (01532) announced the results for the year ended December 31, 2023. The group achieved revenue of 356 million yuan (RMB, same below) during the period, an increase of 18.12% over the previous year; losses attributable to the company's owners were 239.32 million yuan, an increase of 58.07% year on year; and the basic loss per share was 1.68 points.

According to the announcement, gross margin decreased slightly from about 24.9% in 2022 to about 24.5% in 2023. The slight decline in gross margin was mainly due to the decline in profit margins contributed by cosplay wigs and cosplay costumes due to the impact of the international trade environment.