Financials
Quarterly Report For The Financial Period Ended 31 December 2023
Financials Archive
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Condensed Consolidated Statement Of Comprehensive Income (Unaudited)
Condensed Consolidated Statement Of Financial Position (Unaudited)
Analysis of Performance
Revenue
Our Group's total revenue stood at RMB144.9 million and RMB256.0 million for the current quarter and financial period under review respectively, increased by 29.1% and 3.0% respectively as compared to preceding year corresponding quarter and financial period. This was mainly due to higher sales volume and average unit selling price recorded for our ODM division.
Profitability
Our Group's gross profit stood at RMB23.8 million and RMB38.2 million for the current quarter and financial period under review respectively, showing improvements as compared to the preceding year corresponding quarter and financial period; mainly due to higher sales volume and better margin achieved during the current quarter and financial period under review.
For the current quarter and financial period under review, our Group recorded a profit before tax of RMB3.3 million and RMB3.6 million respectively, significantly improved as compared to preceding year corresponding quarter and financial period; mainly backed by the increase in gross profit achieved for the current quarter and financial period under review
Outlook and Prospects
The unresolved geopolitical tensions, coupled with the aftermath of COVID-19 pandemic, continue to cast shadows over the global economy and create uncertainties over market activities. The industry outlook for the near term is anticipated to experience higher degree of volatility. Consumers are expected to remain prudent on spending, while market competitions are expected to intensify with industry players remain conservative in terms of operations and expansion.
Our Group will continue to closely monitor the development and is committed to take proactive and practical actions to safeguard the interests of our Group and our shareholders and stakeholders. Our Group is of the view that the demands for the sportswear within the domestic China market and global markets will recover gradually in the mid and long-term, upon stabilisation of the geopolitical situation and global economy.
Our Group will step-up our marketing efforts to secure new customers in order to enhance our revenue base and improve our Group's future financial performance. Our Group will continue to put in efforts to sustain the financial stability of our Group and mitigate the adverse impact to the financial performance of the Group due to the external factors beyond the control of our Group.
Barring any unforeseen circumstances and subject to the stabilisation of the geopolitical situation and global economy, our Group is cautiously optimistic that the financial performance for the financial year ending 30 June 2024 will gradually improve.