SKE's 2023FY: 140 Million USD Net Profit, Staggering 1043.51% YoY Increase

Business by 2FIRSTS

Mar.27.2024

SKE's 2023FY: 140 Million USD Net Profit, Staggering 1043.51% YoY Increase

Yinghe Technology's subsidiary SKE reported a staggering 1043.51% increase in net profit in their 2023 annual report.

On the evening of March 26th, Yinghe Technology (300457) released its annual report for 2023. The report revealed that its subsidiary, SKE, achieved a total operating income of 3.34 billion yuan, with an operating profit of 1.17 billion yuan. The net profit was approximately 1 billion yuan (140 million USD), representing a year-on-year growth of 1043.51%.

A report has stated that Sikary has achieved good development in countries such as the UK, Germany, Poland, the Netherlands, and Malaysia.

In 2023, the headquarters of Yinghe Technology achieved operating income of 9.75 billion yuan, an 8.09% year-on-year increase. It also achieved a net profit of 554 million yuan, a 13.62% year-on-year increase.

References:

[1] 深圳市赢合科技股份有限公司2023年年度报告

Also Read:

[1] Yinghe Technology: Sikary Expands Overseas with Pod System Products

[2] SKE to Invest in E-cigarette Project in Guangshui City

[3] Yinghe Technology's Major Shareholder Transfers Shares to Subsidiary

[4] Yinghe Technology Achieves Strong Growth in Q3 2023

#Asia #Open system e-cigarettes #China #Pod system e-cigarettes #Major companies

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