Summary by Moomoo AI
Vida International Holdings Limited announced its final results for the year ended 31 December 2023. Despite the challenges, the Group's revenue achieved a natural growth of 6.9% to HK$19,999 million. The Mainland China business achieved strong growth driven by product mix and sales volume. E-commerce revenues grew by 12.6%, accounting for 46% of the Group's total revenue. However, gross profit fell 4.2% to HK$5,251 million, gross margin decreased 1.9 percentage points to 26.3%, net profit was HK$253 million and net profit margin was 1.3%. Basic earnings per share were HK$21.0 cents. The Group will continue to focus on innovation and brand building, enhancing e-commerce channels, and pursuing a high end strategy to drive sustainable profitability. During the year, the Group actively responded to domestic environmental policy and international development trends to increase efficiency and empower sustainable development. The Group has once again been awarded the ESG “A” rating by MSCI, the world's largest index company, MSCI (Ming Sheng) and has been ranked “A” for three consecutive years.