According to the announcement of Kidztech (06918) on the auditing annual performance ended on December 31, 2023, the group's revenue for the period was CNY131 million, down 22.44% year-on-year. The shareholders' loss was CNY97.994 million, up 27.83% year-on-year. The basic loss per share was 16.8 cents.

According to the announcement, the decline in revenue was mainly due to the simultaneous weakening of demand for foreign toys and a decrease in orders from customers who have long relied on the European and American markets. In addition, in order to speed up inventory turnover, reduce the risk of stockpiling, and accelerate the flow of cash, the group sold some of its inventory of raw materials and electronic parts with low gross margins to customers during the period.