China Lilang Announces 2023 Annual Results
HONG KONG, Mar 18, 2024 - (ACN Newswire) - China Lilang Limited ("China Lilang" or the "Company", together with its subsidiaries, the "Group"; stock code: 1234) today announced its 2023 annual results.
- HONG KONG, Mar 18, 2024 - (ACN Newswire) - China Lilang Limited ("China Lilang" or the "Company", together with its subsidiaries, the "Group"; stock code: 1234) today announced its 2023 annual results.
- Mr. Wang Dong Xing, Chairman and Non-Executive Director of China Lilang, said:
"In 2023, China welcomed its first year of recovery after three years of pandemic. - For the year ended 31 December 2023, the Group's revenue increased by 14.8% year-on-year to RMB3.544 billion.
- The distributors of the core collection had to digest the inventory from 2022, which suppressed the order growth in 2023.