Summary by Moomoo AI
IMPERIAL PALACE (SHARE CODE: 286) ANNOUNCED ITS ANNUAL RESULTS FOR THE YEAR ENDED 31 DECEMBER 2023 WITH REVENUES OF HK$554,581 THOUSAND, DOWN 18.4% FROM 2022; GROSS PROFIT OF HK$121,032 THOUSAND, AN INCREASE OF 22.6%, AND GROSS PROFIT INCREASED FROM 14.5% TO 21.8%. The loss for the full year was HK$176,848K, a slight decrease from HK$178,140K in the same period last year. The company launched the “Five-Year Fifty Cities Plan” in 2023 and completed its first ten-city market coverage by the end of the year and opened 18 stores (centers). Ai Imperial Palace opens stores in an ultra-light asset model, reducing capital expenditure and increasing risk resistance. In addition, the company launched a new business in non-residential combination maternal and infant lunar services in December 2023, marking an...Show More