According to the Zhitong Finance App, Xinwei Engineering Group (08616) announced results for the nine months ended December 31, 2023. The group achieved revenue of HK$127 million, a year-on-year decrease of 24.55%; profit attributable to the company owners was HK$240,000, a year-on-year decrease of 92.07%; and earnings per share were 0.02 HK cents.
According to the announcement, the decline in revenue was mainly due to a decrease in revenue generated from the provision of building protection projects and the supply of building protection products.