Zhitong Financial APP News, Jinsheng Group (Holdings) (00794) announced its annual results for the year ended March 31, 2023, with an income of about HK $787 million, a decrease of about 33.1% over the same period last year; a loss of HK $67.236 million attributable to the owners of the company, an increase of about 72.47% over the same period last year; and a loss of HK19.84 cents per share.
During the year, in the face of increasing cost pressure and obstacles to the global supply chain in purchasing raw materials overseas, the Group was able to maintain effective communication with its long-term suppliers and through flexible procurement channels, to ensure an adequate and quality supply of base paper at a reasonable cost. At the same time, the Group is committed to improving internal management and operational efficiency in order to achieve sustainable improvement in financial performance. As a result, although it is difficult to avoid fixed costs, such as staff costs and asset depreciation, the Group will be able to maintain its gross profit margin at about 15.0% (2022: about 15.5%) this year.