Yingsheng Science (00209) issued an announcement. The company expects revenue for the year ended December 31, 2023 to be approximately...
Zhitong Finance App News, Yingsheng Science (00209) issued an announcement. The company expects revenue of about HK$520 million for the year ended December 31, 2023, a sharp drop from about HK$850 million for the year ended December 31, 2022.
The company expects to make a loss of approximately HK$30 million during the year, and profit of approximately HK$8 million last year. The loss was mainly due to a reduction in purchase orders from a major customer in the Toys Division and a decrease in profit margins due to competitive market conditions during the period.