Gelonghui Group (01263.HK) announced on March 14, that the company's total revenue decreased by 14.9% from HK$10,775.3 million in 2022 to HK$9,167.2 million in 2023, mainly due to the fact that although the increase in other PC-related products and parts segments had offset some of the decline, sales in the graphics card and EMS business both declined. During the year, the business was mainly affected by a decline in sales due to various geopolitical and economic factors.
Profit attributable to company owners was HK$60.8 million, compared to HK$702.5 million in 2022. The decline recorded was mainly due to a significant decline in gross profit, even when operating expenses were reduced to offset part of the impact. The Board recommended a final dividend of HK$0.2 per share.