Youquhui Holdings (02177) is now up more than 7%. As of press release, it has risen 7.14% to HK$1.2 billion, and its total market value is close to HK$200 million.
The Zhitong Finance App learned that Youquhui Holdings (02177) is now up more than 7%. As of press release, it has risen 7.14% to HK$1.2 billion, and its total market value is close to HK$200 million.
According to the news, Youkuhui Holdings previously announced its annual results. Revenue for the year ended 31 December 2023 was RMB 1,736 billion; Douyin and Pinduoduo's business revenue for the year ended 31 December 2023 increased by 36.8% and 52.2%, respectively, compared with the same period last year.
The company said that looking ahead to 2024, the Group will achieve business breakthroughs through brand co-creation and incubation of its own brands in health food, effective skincare products, etc.; the Group will continue to increase investment in platforms such as Douyin and Pinduoduo and establish a complete talent matrix; the Group will continue to consolidate profitable businesses, improve business quality and efficiency by improving inventory turnover, process automation, etc., and lay a solid foundation for business risks and future development.