(Pictures from the announcement)

On March 28th, Zibuyu (2420.HK) successfully held its 2024 Annual Results  Announcement in Hong Kong. During the announcement, the Group's management had in-depth discussions with investors and analysts, both on-site and online, on financial operations, industry trends and future outlook, which conveyed the company's value to the capital market.

In 2024, the Company's operating revenue amounted to RMB3.33 billion, a year-on-year increase of 10.8%; gross profit amounted to RMB2.47 billion, a year-on-year increase of 26.4%; and net profit attributable to shareholders turned around and amounted to RMB150 million. Net operating cash flow amounted to RMB260 million, a significant increase of 241.3% year-on-year, the best level in history; cash and cash equivalents amounted to RMB450 million, an increase of 61.0% year-on-year. In addition, the Board of Directors recommended a final dividend of HK$0.12 per share for 2024, representing a payout ratio of over 35%.

At the meeting, the management introduced the Group's branding construction, supply chain management and refined design transformation in 2024. 2024, the Group will strengthen branding construction, focus on building 10 core brands, lay out the high-end market, and set up the brand division for the first time to plan and manage the whole series of 10 core brands. At the same time, the company will further optimize the supply chain management, and push forward the enhancement of operational efficiency. In terms of design, it will also transform from rough layouts to refined design, and select products according to brand tonality, emphasizing original design.

Executive Director, CEO | Mr. Chen Caixiong

Looking ahead, Mr. Chen Caixiong, Executive Director and CEO of the Group, shared that Zibuyu will “take root in China and reach out to the world”, focusing on the four major aspects of AI empowerment, global supply chain, original design and talent development. From  this, the Group implemented a 4.5-day work week model starting  from February 2025, and set up an ESG committee for the first time to promote the company's sustainable development!