Summary by Moomoo AI
MARCO DIGITAL TECHNOLOGY HOLDINGS LIMITED ANNOUNCED ITS ANNUAL RESULTS FOR THE YEAR ENDED 31 DECEMBER 2023 WITH REVENUES OF APPROXIMATELY RMB1,419,800,000 AND GROSS PROFIT OF APPROXIMATELY RMB205,700,000, BUT RECORDED A LOSS IN THE YEAR OF APPROXIMATELY RMB74,400,000, AN INCREASE OVER THE SAME PERIOD LAST YEAR. Reputational impairment losses mainly came from Positive Oasis Group and Creative Group, totaling approximately RMB88,300,000. Despite rising earnings, the company faces challenges due to slow Chinese economic growth and weak demand for business credit, coupled with prudent handling of credit risks. The Group will continue to expand the digital RMB application scene and provide digital payments and support services. During the reporting period, the company did not distribute any final dividend.