CKH Turns Profitable with Full-Scale Car Sales... "Sales Up 65% YoY"

[Asia Economy Reporter Hyunseok Yoo] CKH, a company with a fiscal year ending in June, announced on the 2nd that its annual net profit from July last year to June this year increased by 102.1% compared to the previous year, reaching 11.97 million yuan (approximately 2.1 billion KRW). During the same period, sales and operating profit increased by 64.7% and 103.2% year-on-year, reaching 600 million yuan (approximately 105.4 billion KRW) and 11.78 million yuan (approximately 2 billion KRW), respectively.

The main reason for the performance growth is the recognition of sales from the tea cultivation complex. Since last year, CKH has acquired a Pu'er tea cultivation complex in China in three phases. Sales were recognized from March to May. This Pu'er tea cultivation complex has old tea trees, which have rare value in the market. Additionally, by securing stable sales channels, the company expects steady sales at the current scale to be reflected in the future.

After securing sales and profit stability, CKH plans to achieve future performance growth through its new business in cosmetics. Following the launch of five premium mask pack products in China in the past, the company recently released new products such as HA PDRN REPAIR SERUM, 1% HYALURONIC ACID ESSENCE, and WATERFUL UV DEFENSE CREAM. While research and development and local regulatory approval processes for the new products continue, the company plans to accelerate the business by diversifying sales channels.

A company official stated, “Since stability in performance has been secured, we will do our best to continue the current profit trend and uninterrupted growth in both existing and new businesses.”

This content was produced with the assistance of AI translation services.