D&G Technology Holdings (01301) announced its 2023 results, with revenue of about 278 million yuan, a year-on-year decrease of 19.5 million...
According to the Zhitong Finance App, D&G Technology Holdings (01301) announced its 2023 results, with earnings of about $278 million, a year-on-year decrease of 19.55%; net loss of 238.64 million yuan, a year-on-year narrowing of 41.49%; loss per share of 3.73 points; and proposed a special dividend of approximately HK$0.07 per common share.
Revenue from recycled equipment sales decreased by 34.2% during the year, mainly due to a decrease in the number of completed contracts. During the year, gross margin decreased by 5.1 percentage points due to the sale of smaller models with lower gross margins. The decrease in average contract value is due to a proportional decrease in sales volume of models with higher production capacity compared to last year.
During the year, revenue from conventional equipment sales decreased by 42.9%, mainly due to a decrease in the number of contracts and a decrease in the average contract value. The gross margin fell 3.7 percentage points to 27.7%, mainly due to the proportional decrease in sales of models with higher production capacity (that is, models with a higher gross margin than those with lower production capacity series) compared to last year.
According to the announcement, the reduction in losses was mainly due to net reimbursement of impairment loss provisions for trade receivables.