[Caihua News] Miji International Holdings (01715-HK) announced that the net profit for the year ended December 31, 2019 was 18.76 million yuan (RMB. same below), down 16.3% year-on-year, with a profit of 1.25 points per share. No final interest is paid. Revenue was $246 million, a year-on-year decrease of 12.6%.

The Group's gross margin increased slightly to 54.3% during the reporting period, compared to 53.2% for the year ending December 31, 2018, mainly due to an increase in the sales ratio of stoves with higher gross margins than pots, pans and other products.