Summary by Moomoo AI
East Buy Holdings Co., Ltd. announced its annual performance for the fiscal year ended May 31, 2024. The annual performance has been audited by the company's external auditor, Deloitte • Guan Huang Chen & Partners. The total revenue of the company reached 6.526 billion RMB, an increase of 56.8% compared to the previous fiscal year. The pre-tax profit was 0.434 billion RMB, and the net profit for the year was 0.249 billion RMB. The basic earnings per share were 0.24 RMB. The company completed the sale of its education business during the reporting period and focused on live-streaming e-commerce business. The company's GMV increased to 14.3 billion RMB, and the number of followers on the Douyin platform reached 65 million. The company will continue to expand its self-operated products and live-streaming e-commerce business, and further enhance its supply chain management capabilities.
