According to the Zhitong Finance App, Zheli Holdings (02209) announced results for the year ended December 31, 2023. The group's revenue was US$201 million, up 56.6% year on year; gross profit of US$62.698 million, up 46.7% year on year; net profit of US$7.572 million, with a loss of US$6.782 million in the same period last year; final interest of HK5 cents per share.
According to the announcement, demand for beauty products is expected to maintain a strong growth trend in the next few years. The company believes that the growing global market for K-Beauty products remains an opportunity and main driving force for the Group's business.