According to the Zhitong Finance App, Yingmei Holdings (02028) announced annual results for 2023, with revenue of 203 million yuan (RMB, same below), a year-on-year decrease of 27.1%; loss attributable to the company's shareholders was 794.69 million yuan, an increase of 98.5% over the previous year; and a basic loss of 0.130 yuan per share.
Losses in 2023 were mainly due to the full implementation of digital electronic invoicing in mainland China, insufficient market demand, and confirmation of asset impairment.