On March 23, 2025, Newmans [02530] announced its 2024 financial results, revealing a 34.9% revenue drop to RMB 2.78 billion (USD 386 million). Algal DHA oil remained the company’s main revenue driver, contributing 96.1% of total sales. Gross profit margin increased to 76.1% (2023: 75.2%), despite the revenue decline.
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