Summary by Futu AI
Yuwen Group (stock code: 772) announced its annual results for the year ended 31 December 2023 with revenues of RMB7,011,785 thousand, a decrease of 8.0% year-on-year; gross profit of RMB3,371,463 thousand, a decrease of 16.3%. Despite the decline in revenue and gross profit, operating profit and profit for the year rose 12.8% and 32.2%, respectively, to RMB709,309 thousand and RMB803,547 thousand. The company's equity holders also recorded a 32.3% increase in profit to RMB804,879 thousand. In terms of IP creation, the Reading Group's online reading platform added approximately 38 million authors and 67 million novels in 2023, with a total of more than 390 million characters. In terms of IP visualization, the company promotes the presentation of a range of high-quality works, including many adaptations of animations and broadcasts of television series...Show More