COCO shares achieved revenue of 563 million yuan in the first half of 2023
In the first half of 2023, the operating income of COCO shares was about 563 million yuan, a decrease of 2.35% year-on-year. Net profit attributable to shareholders of the listed company was approximately 21,886,100 yuan, an increase of 3,844.05% over the same period last year. Basic earnings per share of $0.0805, an increase of 3,925%.
The year-over-year decrease in operating income was mainly due to the decrease in baby products revenue of COCO Shares and the change in product structure. Due to the decrease of raw material costs and shipping freights, the operating costs of COCO shares were reduced, and the sales staff structure was adjusted to improve the efficiency of personnel output and save sales expenses. Therefore, the net profit of COCO shares increased significantly year-on-year.
According to the business category, in the first half of 2023, the operating income of the adult incontinence products business of COCO shares was about 290 million yuan, an increase of 16.21%. The operating income of the baby care products business was about 208 million yuan, down 23.38% year-on-year. The operating income of pet hygiene products business was about 45.9848 million yuan, an increase of 4.12%. Other business operating income of about 19.253,300 yuan, an increase of 64.92%.
Excerpted from COCO Shares 2023 semi-annual report
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