Summary by Futu AI
TL Natural Gas Holdings Limited (the “Company”) announces audited consolidated results for the year ended 31 December 2023. The Company and its subsidiaries (the “Group”) are primarily engaged in the sale of natural gas and the provision of digital marketing services. Revenue for the year was RMB77,952 thousand and gross profit was RMB7,487 thousand, but a net loss of RMB23,262 thousand was recorded. During the reporting period, the Group carried out a depreciation assessment of property, plant and equipment and rights of use assets and confirmed related impairment losses. In addition, the Group made a share distribution after the reporting period, for a total of 5,940,000 shares, with a net proceeds of approximately HK$3 million to be used to invest in renewable energy-related businesses and general operating capital. As at 31 December 2023, the Group's total assets were RMB69,160 thousand, total liabilities were RMB9,875 thousand, and total equity was RMB59,285 thousand.