Innovation system drives Bas on its innovation system, BRUCO has fully grasp market opportunities, rapidly grown its business,
and demonstrat strong performance explosiveness. From 2021 to 2023, BRUCK’s revenue increas
year by year from 330 million yuan to 877 million marshall islands email list 100000 contact leads yuan, with an average annual compound growth rate of 63.0%. In the first half of 2024, BRUCO’s revenue reach 1.046 billion yuan.
As the business scale continues to expand, the company’s gross profit margin has achiev stable growth.
From 2021 to the first half of 2024, the company’s gross profit margin was 37.42%, 37.91%, 47.33%
and 52.93%, respectively, showing an overall upward trend. Among them, the gross profit margin of
building role toys increas significantly, from 36.8% in 2022 to 48.4% in 2023, and reach 53.3% in the first half of 2024. It can be seen that as product sales increase, the company continues to release economies of scale.
The company’s profitability also continu to improve
With the adjust net profit margin (not measur in accordance with International Financial Reporting
Standards) reaching 8.3% in 2023 and further increasing to 27.9% in the first half of 2024.
Excluding the impact of nonoperating items such as “change in fair value of convertible reemable
preferr shares” on profitability, the company has actually successfully turn losses into profits in 2023.
BRUKO has successfully implement its business the power of remarketing model and is gradually demonstrating its monetization potential.
From an industry perspective, with the rapid development of building toy categories, the penetration
rate continues to increase, consumers’ demand for IP toys increases, and per capita toy consumption grows, which will bring broad development opportunities to the industry.
According to Frost & Sullivan
The global market size of character toys will reach RMB 345.8 billion in 2023 and RMB 540.7 billion in
2028, with an average annual compound growth rate of 9.3% from 2023 to 2028.
Among them, the global market size of roleplayin trust reviewg building toys will reach RMB 27.8 billion in 2023
and RMB 99.6 billion in 2028, with an average annual compound growth rate of 29.0% from 2023 to 2028. The penetration rate of global building character toys in the global character toy market will increase from 8.0% in 2023 to 18.4% in 2028 Innovation system drives.
