Gelonghui (01930.HK) announced on March 25, that for the year ended December 31, 2023, the Group's annual revenue was approximately RMB 218.7 million, an increase of 10.2% over the previous year. The increase was mainly due to the Group's adjustment of its business strategy in recent years to focus on automotive mold development. As a result, automobile mold orders increased, and the final automobile mold inspection report obtained in fiscal year 2023 increased revenue.
In 2023, the profit attributable to company owners was approximately RMB 20.6 million, an increase of about 18.7% over the previous year, mainly due to: (i) increased revenue from automobile molds in fiscal year 2023; (ii) increased government subsidies and no exchange losses; and (iii) increased general and administrative expenses and income tax expenses.