According to the Zhitong Finance App, Yinghai Group (08668) announced its annual results for the year ended December 31, 2023. The group achieved revenue of HK$94.709 million during the period, an increase of 918.3%; losses due to company owners were HK$2,546 million, a year-on-year narrowing of 78.92%; and a basic loss of HK$0.21 per share.
According to the announcement, the sharp increase in revenue was mainly due to increased revenue from sales and distribution of hotel rooms and provision of car rental services. The significant increase in revenue for the year ended 31 December 2023 was also partly due to performance and event revenue from the sale of tickets for shows and events.