Strategic Transition to Silver Economy
QuantaSing is actively reshaping its business focus towards China's growing silver economy, with nearly 5 million people over 50 in Beijing alone. The company is focusing on building lasting relationships with this demographic through new products like Food as Medicine.
Healthy Profitability and Cash Position
Despite a decline in revenue, QuantaSing maintained a healthy profit margin of 10% and an adjusted net margin of 10.9%. The cash position increased to RMB 1,193.7 million from RMB 1,026.3 million in the previous quarter.
Successful Community Engagement Activities
QuantaSing organized a successful community event in Beijing, enhancing customer relationships and showing increased retention and brand loyalty among participants.
Special Dividend Announced
A special dividend was announced in October, showcasing QuantaSing's robust financial health and commitment to rewarding shareholders.