Financial Performance - The company recorded a net profit of $3,043,779 for the fiscal year ended December 31, 2023, a significant improvement from a loss of $55,383,281 in 2022, marking a year-over-year increase of $58,427,060 [1] - The net profit margin for 2023 was 10%, a notable advancement from a zero net profit margin in 2022 [1] - Basic earnings per share for 2023 were $0.50, a substantial rise from a loss of $43.70 per share in 2022, representing a year-over-year increase of $44.20 per share [1] Strategic Outlook - The company aims to foster rapid revenue growth and has successfully achieved a 10% net profit margin through meticulous execution and fine-tuning of its business model [2] - The company plans to adapt to the evolving global economic landscape post-pandemic by seizing growth opportunities in cross-border markets while expanding its core tourism-related technical services and auto import/export businesses [2] - Investment in profitable new ventures is part of the strategy to fortify the company's financial resilience [2][3] Company Overview - JX Luxventure Limited is a technology company based in Haikou, China, engaged in integrated tourism services, including tourism, duty-free cross-border goods, and comprehensive e-commerce technology solutions [4]
JX Luxventure Limited Announced Financial Results for the Fiscal Year Ended December 31, 2023, achieving Profitability for the Full Year.