Understanding the market | YouQ Hui Holdings surged more than 7%, the group will continue to increase investment in platforms such as Douyin and Pinduoduo
Youquhui Holdings surged more than 7%, as of the time of publication, up 7.14% to HKD 1.2, with a total market value approaching HKD 200 million. In terms of news, Youquhui Holdings previously announced its annual performance. For the fiscal year ending December 31, 2023, the revenue was RMB 1.736 billion; the business revenue from Douyin and Pinduoduo for the fiscal year ending December 31, 2023 increased by 36.8% and 52.2% respectively compared to the same period last year. The company stated that in 2024, the group will achieve business breakthroughs in areas such as health food and functional skincare products through brand collaboration and incubation of proprietary brands; the group will continue to increase investment in platforms such as Douyin and Pinduoduo, and establish a complete matrix of influencers; the group will continue to solidify profitable businesses, improve operational quality and efficiency through inventory turnover enhancement, process automation, and other methods to strengthen the foundation for risk management and future development
According to the Zhitong Finance and Economics APP, Youquhui Holdings (02177) is now up more than 7%, as of the time of publication, up 7.14% to HKD 1.2, with a total market value approaching HKD 200 million.
On the news front, Youquhui Holdings previously announced its annual performance. For the fiscal year ending December 31, 2023, the revenue was RMB 1.736 billion; the business revenue from Douyin and Pinduoduo for the fiscal year ending December 31, 2023, increased by 36.8% and 52.2% respectively compared to the same period last year.
The company stated that in 2024, the group will achieve business breakthroughs in the fields of health food, functional skincare products, etc., through brand co-creation, incubation of proprietary brands, etc.; the group will continue to increase investment in platforms such as Douyin, Pinduoduo, and establish a complete matrix of influencers; the group will continue to solidify profitable businesses, improve operational quality and efficiency through inventory turnover enhancement, process automation, etc., to lay a solid foundation for risk management and future development