Summary by Moomoo AI
The CSMALL Group's continued operation business revenue in 2024 was 0.1576 billion yuan, a year-on-year decrease of 61.6%, primarily due to a significant drop in gold product sales. The group strategically shifted to lower-priced but higher-margin silver products, with the sales proportion of silver products rising from 25.4% to 87.4%, driving the overall gross margin up from 9.0% to 30.7%. The continued operation business turned from a loss to a profit, recording a profit attributable to owners of 3.704 million yuan, compared to a loss of 20.953 million yuan in the same period last year.During the year, the group completed the acquisition of 51% shares of Jiangxi Letong New Materials and, through its wholly-owned subsidiary, Tibet Longtianyong, holds the mineral resource exploration permit...Show More
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