On August 15th, Perfect released its semi-annual report for the year 2023. In the first half of the year, the company achieved a operating revenue of 482 million yuan, an increase of 2.01% compared to the same period last year. The net profit attributable to shareholders of the listed company was 36.57 million yuan ($5 million), an increase of 96.20% compared to the same period last year.
It is reported that Perfect is a joint-stock company established through the overall restructuring of Yangzhou Mingxing Toothbrush Co., Ltd., which was founded in 1997. The product range includes oral hygiene and disposable sanitary products, which are exported to multiple countries and regions such as the United Kingdom, the Netherlands, France, Italy, the United States, Brazil, Japan, Colombia, and Thailand.
Perfect stated that despite facing increasing industry competition and various uncertainties in international politics and economic situations, the company achieved double growth in operating revenue and net profit under the leadership of its management team, by adopting various effective measures.
In addition, in February of this year, the company planned to acquire a 16.4967% stake in Weimeizi. After the acquisition is completed, the company will hold a 32.165% stake in Weimeizi and become its largest single shareholder. Currently, it is still in the period of fulfilling the agreement, and it is expected to be completed in October.
