On March 11, GLONGHUI | Xingli (Hong Kong) Holdings (00396.HK) announced that the company expects to record a consolidated net loss of approximately HK$11.5 million for the year ended December 31, 2023, an improvement over the net consolidated loss of approximately HK$26.8 million recorded in the previous year.
The decrease in net loss expected to be recorded by the Group during the year is mainly due to a reduction in impairment provisions for the Group's non-current assets.