Annual Report 2023

CONSOLIDATEDSTATEMENT OF PROFIT OR LOSSANDOTHER COMPREHENSIVE INCOME For the year ended 31 December 2023 40 The United Laboratories International Holdings Limited Annual Report 2023 2023 2022 NOTES RMB’000 RMB’000 Revenue 5 13,739,879 11,334,262 Cost of sales (7,405,042) (6,365,272) Gross profit 6,334,837 4,968,990 Other income 6 212,475 165,817 Other gains and losses, net 7a 23,671 (88,571) Selling and distribution expenses (1,593,799) (1,662,435) Administrative expenses (789,859) (703,354) Other expenses 7b (778,386) (603,615) Impairment losses reversed under expected credit loss model, net 9 1,962 11,718 Share of results of an associate 21 143 (189) Finance costs 8 (66,896) (81,595) Profit before taxation 3,344,148 2,006,766 Tax expense 11 (643,303) (425,743) Profit for the year 12 2,700,845 1,581,023 Other comprehensive income Item that may be reclassified subsequently to profit or loss: Exchange differences arising on translation of foreign operations 425 1,427 Total comprehensive income for the year 2,701,270 1,582,450