Summary by Moomoo AI
Youzan Technology Co., Ltd. (formerly known as China Youzan Limited, abbreviated as 'Youzan') announced its interim report for the six months ended June 30, 2024. The report shows that Youzan recorded revenue of approximately RMB 686,329,000, a decrease of 5.2% compared to the same period last year. Among them, subscription solution revenue was approximately RMB 377,489,000, a decrease of 10.6%, while merchant solution revenue was approximately RMB 306,639,000, an increase of 2.2%. The gross profit was approximately RMB 469,149,000, a decrease of 6.4%, and the gross margin decreased from 69.2% in the same period last year to 68.4%. The company recorded an operating profit of approximately RMB 2,586,000, a significant improvement compared to an operating loss of approximately RMB 11,265,000 in the same period last year. As of the end of the reporting period...Show More