Summary by Moomoo AI
JS Global Life Limited (the “Company”) announces its annual results for the year ended 31 December 2023. Company revenue was $1,428.7 million, down 3.2% from the same period last year; gross profit was $486.6 million, down 9.3% year-over-year; profit from continuing operations was $70.3 million, down 37.0% year-over-year. EBITDA decreased 31.1% year-over-year to approximately $116.5 million. The Board of Directors announced that the Group will continue to focus on business development and expansion in the Asia Pacific market and enhance the visibility and influence of the Jiuyang and SharkNinja brands through innovative products and dedicated marketing campaigns. During the reporting period, the company completed the demerger and restructuring of SharkNinja's non-Asia business and listed independently on the New York Stock Exchange on July 31, 2023. The Company adopted a resolution at its General Meeting in June 2023 to distribute all SharkNinja, Inc. shares held by the Company to shareholders and finalize the split on July 31. After the split, the company no longer holds SharkNinja Inc. shares and SharkNinja Inc. is no longer integrated into the company.