BIYI(SH:603215)2024-04-26 08:55Group 1: Financial Performance - In 2023, the company's revenue reached 1.56 billion CNY, an increase of 4.02% compared to 1.499 billion CNY in 2022 [2][3] - The net profit attributable to shareholders in 2023 was 202 million CNY, reflecting a year-on-year growth of 13.34% [3] - The company's overall gross margin for 2023 was 21.21%, an increase of 1.66% year-on-year [3] - The net profit margin for 2023 was 12.92%, up by 1.04% from 2022 [3] Group 2: Q1 2024 Performance Analysis - In Q1 2024, the company's revenue was 320 million CNY, a decrease of 15.39% year-on-year [3] - The decline in profit for Q1 2024 was primarily due to the introduction of new products and significant turnover among frontline staff, leading to lower production efficiency [3][4] - The company emphasized the importance of product quality and customer reputation, particularly for new products aimed at market penetration [4] Group 3: Future Strategies - The company plans to enhance production efficiency through automation, staff training, and improvements in supplier collaboration [4] - To mitigate future foreign exchange risks, the company is exploring the possibility of settling transactions in RMB with major clients [4]