Glonghui, March 26, 丨 Cantelon (01912.HK) announced that for the year ended December 31, 2023, the Group's revenue was approximately US$66.3 million, a year-on-year decrease of 45.5%. The Group generated a net loss of approximately US$9.7 million (2022: US$1.6 million). Basic loss per share was HK6.88 cents (2022: HK 1.51 cents). The Board does not recommend payment of a final dividend for the year ended 31 December 2023 (2022: none).
The decline in total revenue was mainly due to a combination of weak consumer demand and a downward cycle experienced by the semiconductor industry.