Glonghui, March 14 | Goldman Sachs released a report stating that Baosheng has separately announced its results for the fourth quarter of last year. Although both industrial manufacturing (OEM) and retail sales faced challenges last year, Baosheng and Yu Yuan achieved strong operating profit margins. In particular, the OEM business reached a ten-year high, improving the company's balance sheet/cash flow, and shareholder returns have also exceeded expectations. Among them, Baosheng's net profit for the previous quarter exceeded the forecast, mainly due to gross margin beating expectations. Meanwhile, Yuyuan's net profit for the previous quarter also exceeded expectations. Its gross profit and shareholder returns far exceeded expectations. The company's dividend payout ratio was nearly 70%, compared to 76% in 2022. It also announced a $15 million repurchase plan, accounting for about 5% of last year's net profit. The bank gave Yuyuan a “buy” rating.