On March 25, Ge Longhui International (06058.HK) announced that the Group achieved operating revenue of HK$543 million for the year ended December 31, 2023, an increase of 110.60% over the previous year. In 2023, the Group's net profit after tax was HK$54.56 million (2022: net loss of HK$297 million). The above reversal of loss to profit is mainly due to revenue growth in the Group's core businesses such as wealth management, trading and investment income. At the same time, increasing internal management capabilities and prudent risk management measures have continuously optimized the quality of the Group's assets and effectively reduced the Group's costs.
According to the announcement, the Group's shares began to be included in the MSCI Hong Kong Micro Stock Index, an authoritative international index agency, at the end of May 2023, and received higher market attention, fully demonstrating the capital market's recognition of the Group's growth potential and confidence in future development prospects. By the end of 2023, the company's stock price had increased 114% from the beginning of the year, and the total market value increased from HK$380 million to HK$812 million.
In 2023, the Group received 14 company-level awards, including Bloomberg Businessweek Financial Institutions Selection, China Securities Golden Bauhinia Award, China Securities Industry Junding Award, Overseas Fund Yinghua Award, and Golden Central, and 3 individual awards. It was favored and recognized by the market, and gained market momentum from the Xingzheng brand.