GEM's revenue in 2023 will increase by 3.87%, with a net loss of 241 million yuan

GEM's total revenue in 2023 reached 30.529 billion yuan, an increase of 3.87% year-on-year. However, despite the increase in revenue, the company's net profit was a loss of 241 million yuan. This loss was mainly due to the company's operating cash flow turning positive and the growth of total assets, which led to an increase in the debt ratio to 64.3%.