According to the Zhitong Finance App, China Zhuchen 81 (00810) announced the annual results for the year ended December 31, 2023. The group obtained total operating income during the period of HK$71.754 million, an increase of 124.96%; total revenue of HK$220,000, a decrease of 55.38% year on year; shareholders' share loss of HK$6.311 million, a decrease of 77.45% year on year; basic loss per share.
The announcement said that the peripheral environment is still complicated, and interest rates in advanced economies are expected to remain high for some time. The tightening financial situation, the conflict between China and the US, and global and domestic economic conditions have put pressure on the performance of the Hong Kong stock market. The average daily turnover of the Hong Kong stock market in 2023 was lower than in 2022. Under these circumstances, the Group no longer only concentrates on investing in index components of the main Hang Seng Index, but is shifting more of its portfolio share to non-constituent stocks and readjusting its portfolio allocation more frequently. The Group has also increased trading activities. As a result, the total proceeds from the sale of investments for the year ended 31 December 2023 increased to approximately HK$71.5 million (2022: approximately HK$31.4 million).