Ouke Technology (301376.SZ) released its 2024 interim report, with a business revenue of 3.721 billion yuan...
According to the 2024 interim report released by Ouke Technology (301376.SZ), the company's business revenue was 3.721 billion yuan, a year-on-year growth of 40.74%; the net profit attributable to shareholders of the listed company was 0.172 billion yuan, a year-on-year decrease of 7.73%; the net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses was 0.16 billion yuan, a year-on-year decrease of 24.97%; and the basic earnings per share was 0.43 yuan/share.
During the reporting period, the company's new and emerging product sales performed well, becoming a core driver of revenue growth. At the same time, the North American region was the strategic development focus for the company in 2024. The company continuously improved its sales and profitability in North America through cost reduction, optimization of local fulfillment networks, and increased market share, achieving a year-on-year revenue growth of 41.12%. In terms of channels, the company focused on emerging platforms such as OTTO, Temu, and Shein, creating new growth engines for revenue. Through a comprehensive and multi-pronged strategic layout, the company achieved rapid growth in business revenue. The company achieved a net profit of 0.172 billion yuan, a year-on-year decrease of 7.73%. The main reasons are: first, the company's market share improvement strategy, with a decrease in the average selling price of products and an increase in marketing expenses for new product promotions. Second, the increase in ocean freight and the expansion of self-operated and third-party overseas warehousing services due to the impact of the Red Sea incident, leading to an increase in warehousing costs. Third, the exchange gains and losses after hedging with derivative instruments turned from a profit of 17.726 million yuan in the same period last year to a loss of 6.5968 million yuan in this reporting period. Fourth, the additional stock-based incentive share payment expense of 7.2477 million yuan during the reporting period in 2024.
