CMBC Capital (01141) announced its 2023 results, with revenue of approximately HK$494 million, a year-on-year decrease of 38.42...
According to the Zhitong Finance App, CMBC Capital (01141) announced its 2023 results, with revenue of approximately HK$494 million, a year-on-year decrease of 38.42%; net loss of approximately HK$572 million, up 31.08% year on year; loss per share of HK$51.04.
The Group's revenue and net income or loss from investments fell by about 70.0% to about HK$156 million in the reporting year. This was mainly due to the extreme depression and turbulence of the Hong Kong capital market during the reporting year, and the increase in financial asset investment transaction losses. At the same time, the Group's strategic reduction in investment scale, combined with the decline in the scale of asset management and foreign loans, led to a decrease in revenue from financial investment, asset management, and loans and financing.