Jianbao International (00675) announced its annual results for the year ended December 31, 2023, with group revenue of 186 million...
According to the Zhitong Finance App, Jianbao International (00675) announced the results for the year ended December 31, 2023. The group's revenue was HK$186 million, a year-on-year decrease of 31.72%; loss attributable to shareholders was HK$26.979 million, an increase of 5088.07%; loss per share was 9.77 HK cents; and a proposed final dividend of HK8 cents per share.
According to the announcement, 2023 will be a difficult year for the Group. The ongoing war in Ukraine, haze global inflation, and high interest rates have weakened overall consumer motivation, especially in Europe, which is the main market for the Group's core customers. At the same time, weak market demand affected the Group's customers' enthusiasm to develop new projects, leading to a further decline in the Group's revenue from new projects. As a result, the Group's turnover decreased compared to 2022.