According to the Zhidao Finance APP, Hypebeast (00150) has released its annual performance data for the year ending March 31, 2024. The group generated revenue of HKD 896 million, a YoY decrease of 6.7%; net profit of HKD 22.307 million, compared to a loss of HKD 5.069 million in the same period last year; and earnings per share of 1.09 HK cents. It plans to distribute a final dividend of 0.00359 HKD per share of common stock and a special dividend of 0.01063 HKD per share of common stock.

During this fiscal year, the group implemented significant measures across its entire business to improve efficiency and stabilize profits. These actions included comprehensive adjustments to the business personnel and processes, with a key focus on generating influential business performance and profit growth while streamlining unnecessary costs. The goal is to make Hypebeast a better media, e-commerce, and retail company, improve our financial performance in a challenging environment, fulfill our long-term vision, and reallocate resources to generate results in appropriate areas.