Sanbao Technology (01708) released its annual results for the year ended December 31, 2023, and the group achieved total operating income of 4.4% during the period.megamillionsmegaballonly.94 billion yuan (RMB, the same below), a year-on-year decrease of 3.73%megamillionsmegaballonly; Net profit attributable to shareholders of the parent company was 1.995 million yuan, compared with 274 million yuan in the same period last year; basic earnings per share was 0.003 yuan.

The announcement stated that the Group's gross profit margin for the year ended December 31, 2023 was approximately 17.72%, and the gross profit margin for the same period last year was approximately 5.70%, an increase of approximately 12.02% compared with last year. This was mainly due to the increase in orders for the company's customs logistics business compared with last year., the business gross profit margin is higher and the gross profit margin is increased; the company has improved the supplier management mechanism and adopted a three-party and multi-party price comparison method to reduce project procurement costs and increase gross profit margins.