"Performance" EAST BUY's annual net profit is 5.74 million RMB, a decrease of 99.7%, and no dividend will be distributed

EAST BUY (01797.HK) announced its financial results for the fiscal year ending in May, with total revenue of RMB 4.392 billion, a year-on-year decrease of 37.9%. It recorded a net profit of RMB 5.74 million, a decline of 99.7%, with earnings per share of 1 cent. No dividend was declared.

During the year, the continuing operations achieved a net profit of RMB 6.2 million, compared to RMB 249 million for the fiscal year 2024. Excluding the financial impact of the sale of Huizhong, the net profit from continuing operations was RMB 135 million, an increase of 30%. The total revenue cost of continuing operations decreased by 38.2% to RMB 3 billion, mainly due to a reduction in inventory costs and logistics costs for self-operated products caused by a decrease in GMV. The gross profit from continuing operations decreased by 17% to RMB 1.4 billion; the gross profit margin increased from 25.9% to 32%.

For the fiscal year 2025, the group's GMV was RMB 8.7 billion. The majority of GMV came from Douyin, with GMV from the application accounting for 15.7%. The total number of paid orders for third-party products and self-operated products on Douyin was approximately 91.6 million