On the evening of April 27th, Shenzhen Ellassay Fashion Co., Ltd. released its 2022 annual report and Q1 2023 report. Main business revenue in 2022 grew by approximately 2% YoY to reach a historical high of 2.364 billion yuan. However, due to supply chain issues, logistics costs, and rising store expenses, net profit attributable to shareholders of the listed company fell by 93.3% YoY to 20.45 million yuan. In Q1 2023, the company’s revenue grew by 5.99% YoY to 665 million yuan, and the gross profit margin increased from 63.0% in the same period last year to 67.7%. The net profi …
