According to the Zhitong Finance App, Minxin Group (00222) announced its 2023 results, achieving total revenue of HK$215 million, an increase of 3.14%; profit attributable to shareholders of HK$39.41 million, a year-on-year decrease of 91.4%; basic profit per share of HK6.6 cents; and proposed to pay a final dividend of HK9 cents per common share.
Profit attributable to shareholders decreased by 91.4% compared to the previous year, mainly due to a decrease in amortization of Xiamen International Bank Co., Ltd. (Xiamen Bank)'s annual results as of December 31, 2023 compared to the same period in 2022, and the company's shares in Xiamen Bank were diluted from about 8.8543% to about 8.689% in March 2023, which confirmed a one-time dilution loss.