Fourth Quarter Revenue Increase
The group's unaudited consolidated revenue increased by 13.5% to $389.5 million for the fourth quarter of 2023.
Positive ASP and Operating Margin Trends
The ASP increased by 2.1% for the fourth quarter and by 4.2% for the full year. The company also reported enhanced gross profit margins, better production efficiency, and cost controls supporting the operating margin.
Shipment Volume Growth in Q4
Shipment volume for the fourth quarter increased by about 10.9% year-on-year.
Strong Order Book for 2024
The non-sports side of the business is fully booked for 2024, with some orders turned down due to capacity limitations.
Operational Efficiency Improvements
The company has been enhancing internal structures, which is expected to improve operating margins in 2024.