According to the Zhitong Finance App, Ruifeng New Energy (00527) announced the results for the year ended December 31, 2023. The group achieved revenue of 344 million yuan (RMB, same below) during the period, an increase of 12.93% over the previous year; loss attributable to the company's owners was 109 million yuan, a year-on-year decrease of 29.46%; and the basic loss per share was 0.099 yuan.
According to the announcement, gross profit for the year ended December 31, 2023 was approximately 126 million yuan (2022: approximately RMB 64.114 million), mainly from the operation of the Group's wind power business. The gross margin for the year ended December 31, 2023 was approximately 37%, compared to approximately 21% for the year ended 31 December 2022.