Gelonghui, March 21 | Fortis Technology (00465.HK) announced that for the year ended December 31, 2023, the company's turnover decreased by about 57.6% compared to the same period in 2022 to approximately RMB 145,600,000. The decline was mainly due to the Group's focus on selling private label products and services, and strategically reducing sales of traditional low-margin products.
The gross margin increased from 9.1% to 16.9%. The sharp increase in gross margin was mainly due to an increase in the sales ratio of private label products and services with high gross margins. The total loss and overall income attributable to the owners of the company is approximately RMB 83,300,000 (2022: approximately RMB 75,600,000).