Be Friends Holding Limited announces FY2023 financial results: annual GMV exceeded RMB12 billion, revenue increased by approximately 152% YoY, and adjusted net profit surged by approximately 601% YoY
The Group achieved a revenue of approximately RMB1,074.3 million for FY2023, representing an increase of approximately 152.4% year-on-year; whereas adjusted net profit also surged by approximately 601.3% year-on-year to approximately RMB180.4 million.
- The Group achieved a revenue of approximately RMB1,074.3 million for FY2023, representing an increase of approximately 152.4% year-on-year; whereas adjusted net profit also surged by approximately 601.3% year-on-year to approximately RMB180.4 million.
- Such positive results were mainly driven by the rapid growth of its live-streaming e-commerce business, achieving a total Gross Merchandise Volume ("GMV") of over RMB12 billion during FY2023.
- Chairman of the Group, Mr. Li Jun, said: "Our target has been focusing on using the latest technologies to establish a new retail company.
- The Group will continue to expand its cross-platform, standardized and replicable matrix broadcasting rooms, advancing the construction scale of these rooms.