Gelonghui August 11th 丨Minfu International (08511.HK) announced,In the first quarter results for the three months ended June 30, 2023, the company recorded unaudited revenue of about HK$700,000 for the three months ended June 30, 2023, a decrease of about 90.7% over the same period last year. Company owners should account for unaudited losses of HK$6.4 million, compared to HK$4.9 million in the same period last year. The basic and diluted loss per share for the three months ended June 30, 2023 was approximately HK1.34 cents (2022: basic and diluted loss of approximately HK1.24 cents per share).
The decline in revenue was mainly due to delays in equipment delivery, and revenue from the sale of equipment was confirmed at a certain point in time. As a result, no revenue was confirmed for the intelligent manufacturing solution business for the 3 months ending June 30, 2023.