According to the Futu financial App, Sa Sa Int'l (00178) has announced its annual results for the fiscal year ending March 31, 2024. The revenue increased by 24.8% YoY to HKD 4,367.5 million, gross profit increased by 27.3% YoY to HKD 1,783.4 million, and gross margin increased by 0.8 percentage points to 40.8%. Net profit was approximately HKD 219 million, an increase of approximately 2.76 times YoY, and the basic earnings per share were 7.1 HK cents. It is recommended to distribute a final dividend of 5 HK cents per share.

Among them, retail and wholesale sales (offline sales) in Hong Kong and Macao increased by 35.1% to approximately HKD 3.207 billion, while five physical stores in mainland China were closed, resulting in a 22.9% (in local currency) decrease in offline sales to HKD 166 million (in local currency), and offline sales in Southeast Asian markets were slightly down 0.3% (in local currency) to HKD 287 million. As of March 31, 2024, the group had managed 183 retail stores.

During this fiscal year, the turnover of the group's online business increased by 17.4% YoY to HKD 706.6 million. The proportion of online business in the total turnover of the group decreased from 17.2% to 16.2% YoY due to the recovery of clearance and the return of customers to physical stores after the epidemic. The online sales combination in mainland China maintained a high level of 71.4%, accounting for 58.8% of the group's total online sales. Although the online market in mainland China is fiercely competitive, it is still a market that the group focuses on. As the economy in mainland China further improves, the group believes that the future development of this market will be cautiously optimistic. Looking ahead, the group will launch exclusive brands on live broadcasting platforms in mainland China to increase its gross margin.