China Tiangong Holdings (00428) announced its 2023 annual results, achieving revenue of HK$1.399 million, a year-on-year decline...
According to the Zhitong Finance App, China Tiangong Holdings (00428) announced its 2023 results, achieving revenue of HK$1.399 million, a year-on-year decrease of 69.27%; profit attributable to shareholders was approximately HK$53.55 million, turning a loss into a profit from the previous year, with a basic profit of HK$0.1 per share.
The decrease in revenue was mainly due to a decrease in interest income during the reporting period. During the reporting period, total proceeds from the sale of traded securities were recorded at approximately HK$62,032,000 compared to approximately HK$8,880,000 for the year ended 31 December 2022.