HongKong:1234

China Lilang Announces 2023 Annual Results

Retrieved on: 
Monday, March 18, 2024
Consumption, Growth, Lead, Clothing, Policy, City, Central government, HK36, Collection, Marketing, Retail

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.

Key Points: 
  • 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.