COCO Shares Release 2023 Performance Report

On January 29, 2024, Hangzhou COCO Care Products Co., Ltd. released its 2023 annual performance report. In 2023, the net profit attributable to shareholders of the listed company was between 17 million and 25 million yuan.

The reasons for performance changes are:

1. Continuously strengthening the market promotion of its own brand has achieved good growth.

2. Actively carrying out cost reduction and efficiency improvement work, improving internal management efficiency, the year-on-year decrease in raw material procurement prices, the rebound in the middle price between the US dollar and the Chinese yuan, and the year-on-year increase in gross profit margin.

Extracted from the 2023 Performance Report of COCO Shares