Recently, S’Young (SZ: 300740), the parent company of UNIFON, released its 2022 annual report, showing a 5.74% YoY decrease in operating revenue to 4.72 billion yuan and a 47.22% YoY decrease in net profit attributable to shareholders to 125 million yuan.
The group attributed the decline to external negative factors and insufficient benefits from the upgrade of its own brands. In addition, the company increased its investment in R&D and human resources to reserve talents for long-term development.
As of May 4th, the company’s stock price closed at 15.41 yuan per share, …
