Wanshun Group Holdings (01746) announced its annual results for the year ended December 31, 2023. The group period...
According to the Zhitong Finance App, Wanshun Group Holdings (01746) announced its annual results for the year ended December 31, 2023. The group achieved revenue of HK$153 million during the period, an increase of 22.27% over the previous year; profit attributable to shareholders was HK$680,000, an increase of 185.71% over the previous year; and the basic profit per share was HK0.07 cents.
According to the announcement, the Group's gross margin decreased from about 15.0% in 2022 to about 12.6% during the period. The decline in gross margin was mainly due to additional storage costs and lower profit margins for HVAC systems procurement projects.