Summary by Moomoo AI
Newman Health Food's revenue for the fiscal year 2024 decreased by 34.9% to 0.2775 billion RMB, with profit falling by 53.0% to 74.9 million RMB. The gross margin remained at a high level of 76.1%, and the Board of Directors recommended a final dividend of 5.00 RMB cents per share. The revenue decline was mainly impacted by consumers stockpiling due to Japan's discharge of nuclear wastewater and a temporary downturn in the Chinese economy.The company's main product, algal oil DHA, contributed 96.1% of revenue, with sales dropping from 1.918 million units to 1.276 million units. Online sales channels remained the primary sales channel, accounting for 80.5% of total revenue. Sales and distribution expenses decreased to 90.57 million RMB, while administrative expenses remained at 23.75 million RMB.Looking ahead, the...Show More
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