Zhitong Financial APP News, Renhe Technology (08140) announced its annual results for the year ended June 30, 2023, with a year-on-year decrease of 2.1% to HK $107 million and a net profit of HK $20.795 million, an increase of 1.29%, or HK2.6 cents per share.
The decrease in revenue is mainly due to reduced sales of connectors to new projects and customers, the announcement said.