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Yihai International Holding: Revenue up 11.9% YoY, but net profit down 11.4% amid higher costs and lower margins

Yihai International Holding: Revenue up 11.9% YoY, but net profit down 11.4% amid higher costs and lower margins

Yihai International Holding Ltd.August 27, 20243
Yihai International Holding: Revenue up 11.9% YoY, but net profit down 11.4% amid higher costs and lower margins

About this update from Yihai International Holding Ltd.

Revenue rose 11.9% year-over-year to RMB2,926.9 million, but net profit fell 11.4% due to higher distribution expenses and lower other income. The Group declared an interim dividend and remains focused on product innovation, overseas expansion, and channel growth.Original document: This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original source.

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