Xinda Holdings (08471) announced results for the year ended December 31, 2023, with revenue of 66.323 million...
According to the Zhitong Finance App, Xinda Holdings (08471) announced results for the year ended December 31, 2023, with revenue of 66.323 million yuan (RMB, same below), down 1.4% year on year; loss due to company owners was 21.634 million yuan, an increase of 220.8% year on year; basic loss per share was 2.55 points.
The increase in losses during the period was mainly due to depreciation of non-financial assets of approximately $9.9 million (2022: none); an increase in administrative expenses in 2023; and a decrease in gross margin.