XIAMEN,
China, April 5, 2024 /PRNewswire/ -- Lichen China
Limited (the "Company" or "Lichen China")(NASDAQ: LICN), a
dedicated financial and taxation service provider in China,
today announced its financial results for the fiscal year ended
December 31, 2023.
FY 2023 Financial Highlights:
- Revenue increased approximately $5.95
million or 17.61% to approximately $39.76 million for the year ended December 31, 2023, as compared with approximately
$33.81 million for the fiscal year
ended December 31, 2022. The increase
was primarily due to continuous expansion of the branding and
business that brought new clients and orders.
- Gross profit was approximately $24.32
million for the fiscal year ended December 31, 2023, representing an increase of
approximately $4.12 million or
20.44%, compared with approximately $20.19
million for the fiscal year ended December 31, 2022. The gross margin improved
1.44% from 59.73% for fiscal year 2022 to 61.17% for fiscal year
2023.
- The net income increased by approximately $0.52 million, or 6.65%, to approximately
$8.34 million for the year ended
December 31, 2023, from approximately
$7.82 million for the year ended
December 31, 2022.
Mr. Li Ya, Chairman of Lichen
China, said, "In 2023, as the impact of the pandemic gradually
dissipated, our Company's focus shifted towards deepening our
financial and taxation solution services. Thanks to our dedicated
team, superior services, and innovative strategies, we successfully
achieved steady growth in performance. This recognition from the
market not only validates our efforts but also demonstrates the
cohesion and execution capabilities of our team.
Looking ahead to 2024, we have decided to take the bold step of
entering the international market, expanding into broader horizons.
Meanwhile, we have also introduced our innovative Lichen AI Robot,
a significant milestone in our technological innovation. Leveraging
advanced artificial intelligence technology, the Lichen AI robot
will further enhance our service quality and efficiency. Apart from
venturing into the international market and launching the AI robot,
we will also continue to keep an eye on merger and acquisition
opportunities. Through mergers and acquisitions, we aim to further
expand our business scope, strengthen our overall strength, and lay
a firmer foundation for future growth. 2024 will be a year of
challenges, but we are confident we will achieve new breakthroughs
and developments."
About Lichen China Limited
Lichen China Limited focuses on providing financial and taxation
solution services, education support services, and software and
maintenance services under its "Lichen" brand. In recognition of
the Company's expertise and experience in the financial and
taxation solution services industry for over 18 years, the Company
has built up its reputation as a dedicated financial and taxation
solution services provider of professional and high-quality
services in China. For more information, please visit the
Company's website: https://ir.lichenzx.com/.
Forward-Looking Statements
Certain statements in this announcement are forward-looking
statements, including, but not limited to, the Company's use of
proceeds from the Offering. These forward-looking statements
involve known and unknown risks and uncertainties and are based on
the Company's current expectations and projections about future
events that the Company believes may affect its financial
condition, results of operations, business strategy and financial
needs, including the expectation that the Offering will be
successfully completed. Investors can identify these
forward-looking statements by words or phrases such
as "believe," "may," "will," "estimate," "continue,"
"anticipate," "intend," "expect," or similar expressions. The
Company undertakes no obligation to update or revise publicly any
forward-looking statements to reflect subsequent occurring events
or circumstances, or changes in its expectations, except as may be
required by law. Although the Company believes that the
expectations expressed in these forward-looking statements are
reasonable, it cannot assure you that such expectations will turn
out to be correct, and the Company cautions investors that actual
results may differ materially from the anticipated results and
encourages investors to review other factors that may affect its
future results in the Company's registration statement and other
filings with the SEC.
For investor and media inquiries, please contact:
Tian Sun, Phone: +86-592-5586999, Email:
ir@lichenzx.com
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SOURCE Lichen China Limited