Gelonghui, April 2, 丨 Shandong Molong (00568.HK) announced that for the year ended December 31, 2023, the Group's total revenue in the consolidated financial statements reached RMB 1,317 billion, down about 52.36% from the same period last year. The loss attributable to equity holders of the company's consolidated financial statements was RMB 567 million, up about 33.39% from RMB 425 million in the same period last year. The loss per share in the consolidated financial statements was approximately RMB 0.71.
At the end of the reporting period, the Group's total assets were RMB 2,888 billion, down 28.49% year on year. Net assets attributable to shareholders of listed companies were RMB 424 million, down 57.08% year on year.
During the reporting period, the company's product sales volume declined year-on-year due to insufficient product orders; the overall gross margin of the product declined due to insufficient operation of various production lines and an increase in related costs and expenses; the company regularly carried out comprehensive inventory of various assets and prepared asset impairment of RMB 241 million for relevant assets showing signs of impairment in accordance with relevant accounting standards. The combination of the above factors led to a loss in the company's operating performance.