Summary by Moomoo AI
Herbs Generation Group Holdings Limited's revenue for the fiscal year 2024 decreased by 2.3% to HKD 0.2455 billion, and net profit fell by 67.2% to HKD 12.97 million. Gross profit decreased by 1.8% to HKD 0.1821 billion, while gross margin slightly increased by 0.4 percentage points to 74.2%. The Board of Directors has proposed a final dividend of HKD 0.15 per share.The decline in performance was primarily affected by one-time listing expenses of HKD 19.18 million, increased depreciation costs, and a decrease in wholesale business sales. The retail business performed well, with revenue growing by 16.3% to HKD 0.1456 billion, mainly benefiting from the expansion of retail stores from 16 to 33. Meanwhile, wholesale business revenue fell by 20.2% to HKD 94.16 million, mainly due to reduced demand from the largest client.The group...Show More
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