卡罗特，成立于2007年，是新兴的厨具品牌，起初是为海外市场提供OEM服务，2013年转型ODM业务，2016年开始进军线上零售，推出自有厨具产品品牌【卡罗特】。目前公司的收益主要来自品牌业务，其次是ODM业务。品牌业务收益来源于销售自有品牌「卡罗特(CAROTE)」产品，ODM业务收益来源于公司向国际品牌所有者及零售商销售定制化炊具及其他厨具产品。Futu News on September 30th, $CAROTE LTD (02549.HK)$ Today, the pre-market opened high, rose over 100% at one point, currently up 88.93%, trading at 10.92 Hong Kong dollars, with a turnover of 47.0404 million Hong Kong dollars, total market value of 5.848 billion Hong Kong dollars.
Market source: Futu Securities.
Company overview
CAROTE, established in 2007, is an emerging kitchenware brand. Initially started by providing OEM services to overseas markets, it switched to ODM business in 2013. In 2016, it began venturing into online retail and launched its own kitchenware product brand, CAROTE. Currently, the company's revenue mainly comes from the brand business, followed by the ODM business. Revenue from the brand business comes from selling its own brand CAROTE products, while revenue from the ODM business comes from selling customized cooking utensils and other kitchenware products to international brand owners and retailers.
As a global kitchenware brand, CAROTE provides customers with practical, well-designed, and reasonably priced products. It has already established an outstanding position in the online kitchenware segment in major markets such as China, the USA, Western Europe, Southeast Asia, and Japan, becoming one of the fastest-growing well-known kitchenware brands globally. CAROTE's brand holds a significant position in the online cookware industry in major global markets. According to a report by Zhoushi Consulting, based on 2023 retail sales, CAROTE ranks fourth in China, second in the USA, third in Western Europe, second in Southeast Asia, and third in Japan.
Financial overview
In terms of financial conditions, Karot reported for the three fiscal years ending December 31, 2023:
The revenues were approximately RMB 0.675 billion yuan, 0.769 billion yuan, and 1.583 billion yuan, with a compounded annual growth rate of 53.11%;
The gross profits were approximately RMB 0.127 billion yuan, 0.275 billion yuan, and 0.565 billion yuan, with a compounded annual growth rate of 111.36%;
The net income was approximately RMB 0.032 billion yuan, 0.109 billion yuan, and 0.237 billion yuan, with a compounded annual growth rate of 173.14%.
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Editor/Jamie