According to the Zhitong Finance App, Jiujiuwang (01927) announced its 2023 results. Revenue was approximately RMB 352 million, a decrease of 6.5% year-on-year. Gross profit was approximately RMB 995.13 million, a decrease of 11.0% year-on-year. Profit attributable to company owners was approximately RMB 4.92 million, a year-on-year decrease of 69.4%. Basic and diluted earnings per share were RMB 0.6 cents.

According to the announcement, the decline in earnings was mainly due to a decrease in sales of private label products.