On March 31, 2023, Jiami Group (08300) announced that the group expects to achieve a net loss of no more than HK$33 million in the 2024 fiscal year, compared with a net loss of approximately HK$22.3 million in the 2023 fiscal year. In the 23-year, the company's overall sales volume was 18,000 kiloliters, with a year-on-year growth rate of 28.10%, showing significant growth. As for the product structure, 40.1/128.8/0.6 billion yuan of business income was obtained from 10-30 billion yuan products respectively.
Jiami Group (08300) has announced that it is expected to have a higher net loss in the 2024 fiscal year compared to the fiscal year ending on March 31, 2023 (2023 fiscal year). The expected net loss for the 2024 fiscal year will not exceed HK$33 million, compared with a net loss of approximately HK$22.3 million in the 2023 fiscal year.
The main reasons for the expected increase in net loss in the 2024 fiscal year compared to the 2023 fiscal year include the increase in the cost of sold inventory, one-time impairment losses on right-of-use assets, one-time impairment losses on property, machinery and equipment, and an increase in administrative and operating expenses in the 2024 fiscal year. The impact on revenue and gross profit that was increased in the 2024 fiscal year will be offset.