HK Stock Price Fluctuated | EAST BUY (01797) surged over 5%. The yearly net profit reached 971 million yuan, with a total goods value of 10 billion yuan.

EAST BUY (01797) rose more than 5% in early trading, and as of the time of writing, it has increased by 5.91%, reporting a price of HKD 45.7, with a transaction volume of HKD 493 million. In terms of news, EAST BUY announced its full-year performance for the fiscal year 2023. The total revenue from continuing operations increased by 651% from HKD 600 million to HKD 4.5 billion. The net profit from continuing operations for the fiscal year 2023 was HKD 971 million, turning the loss of HKD 71 million in the fiscal year 2022 into a profit. According to the announcement, in fiscal year 2023, EAST BUY's total transaction value (GMV) from live-streaming e-commerce reached RMB 10 billion. The majority of this GMV comes from products on Douyin. In fiscal year 2023, the total number of paid orders for third-party and self-operated products on Douyin was 136.3 million.