Our reporter Li Qiaoyu
On November 20th, New Oxygen Technology released its unaudited financial performance report for the third quarter of 2023, indicating significant progress.
In the third quarter, New Oxygen achieved a total revenue of 390 million yuan, a year-on-year increase of 19.2%, of which the supply chain business revenue was 75.217 million yuan, accounting for 19.5% of the total revenue; The net profit attributable to listed companies under the US GAAP reached RMB 18.3 million, a significant increase from the same period last year, demonstrating outstanding efforts in cost management and profit model optimization.
In terms of its main business, New Oxygen continues to innovate and focuses on users, consolidating its leading position in community e-commerce (POP) business by improving user experience and community content ecology. In the third quarter, the number of paid users reached 146000, and the total amount of medical beauty service transactions facilitated by the platform was 530 million yuan, continuously enhancing user stickiness benefits.
New Oxygen has successfully transformed its industrial chain layout and brought new growth to the medical beauty industry through the launch of premium products and self operated light medical beauty service platform premium services. And in October of this year, it obtained the first ISO37301 compliance management international standard certification for the medical beauty industry. This organic layout and innovative measures lay a solid foundation for the company's future sustainable development, while promoting the standardization and prosperity of the medical beauty industry.
Jin Xing, Chairman and CEO of New Oxygen Group, stated: In the third quarter, New Oxygen withstood the pressure of the economic environment and the influence of seasonal factors, and its financial and operational performance remained stable, in line with the company's guidelines. While the community e-commerce business and Youxiang business were steadily advancing, we increased our investment in supply chain business and achieved significant improvement. Looking ahead, we will continue to promote strategic transformation, strengthen collaboration between business sectors, and consolidate our industry-leading position