Zall Smart Commerce Group announces FY24 results, revenue up

Zall Smart Commerce Group (HKEX:2098) announced its annual results for the year ended December 31, 2024, showcasing significant revenue growth. Total revenue reached RMB162.36 billion, a 29.6% increase compared to the previous year's RMB125.29 billion, primarily driven by a surge in its supply chain management and trading business. The company reported a net profit of RMB93.4 million, up from RMB65.7 million in 2023. Basic earnings per share stood at RMB1.04. While revenue increased, gross profit decreased to RMB699.0 million from RMB846.6 million in 2023. The Group's net current liabilities totaled RMB4.73 billion. The Board of Directors did not recommend a dividend for the year. The company's Annual General Meeting is scheduled for May 28, 2025.