Content analysis
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H.S. freshman Avg
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New words:
accuracy, asserting, Baokuan, Bochuang, breach, brought, Cayman, Clawback, clear, cloud, cold, complaint, corruption, Courthouse, cyber, deliberate, Delinquent, District, divestiture, Dongchang, earlier, EBITDA, eventual, false, figure, fine, formal, FY, Hongkong, immaterial, indeterminate, lapsed, likelihood, mentioned, misappropriation, motion, notable, obsolescence, offset, opposed, penalty, pledgee, point, prejudice, prepaid, program, promptly, quarterly, remediate, resolution, sophisticated, sought, source, Supreme, thousand, Tonghua, unchanged, underlying, unrecoverable, valuable, Village, vulnerability, Yuyin
Removed:
apply, Bad, Canadian, Conceptual, condensed, Du, gathered, grant, Greenpia, higher, important, JianShi, longer, Luotian, meant, Mengru, modify, Muren, narrative, package, pandemic, quarter, reclassification, retrospectively, Rui, Shenzhen, significance, Supporting, Taishan, Tang, tech, transportation, Xu, Zhichao
Financial report summary
?Management Discussion
- Net Revenues. Our net revenues for the fiscal year ending on December 31, 2023 amounted to $27.12 million, reflecting a decline of approximately $17.64 million or 39% compared to the previous year’s figure of $44.76 million (ending on December 31, 2022). In the previous fiscal year, 50% of our total revenue was generated from the sale of a diverse range of food products to restaurants. However, this segment has been significantly impacted by the adverse effects of COVID-19, leading to a decline in sales from $23.34 million in 2022 to $14.32 million in 2023. The residual decrease was attributable to disposal of certain subsidiaries in late 2022.