Summary by Moomoo AI
In its 2023 annual report, Kidztech Holdings Limited announced that its total revenue for the year decreased from RMB 169.4 million in 2022 to RMB 131.4 million in 2023. During the same period, gross profit decreased from RMB 28.3 million to RMB 15 million. The group's net loss also increased from RMB 76.7 million in 2022 to RMB 98.3 million in 2023. Selling expenses increased by 80.3% from RMB 900,000 in 2022 to RMB 1.6 million in 2023. However, administrative expenses decreased significantly from RMB 76.1 million in 2022 to RMB 35.1 million in 2023, a decrease of 53.9%. The impairment loss on trade and other receivables increased from approximately RMB 24 million in 2022 to approximately RMB 40.7 million in 2023. The tax expenses in 2023 were RMB 6.9 million, while the tax credit was approximately RMB 5.4 million in 2022. As of December 31, 2023, the group's...Show More