Summary by Futu AI
China Goldstone Mining Holdings Limited (“China Goldstone”) announces results for the year ended 31 December 2023. The report showed that the company's revenue fell 19.1% from about RMB 72,289 thousand in 2022 to about RMB 58,491 thousand in 2023. The Company's owners' annual loss decreased from approximately RMB61,884 thousand in 2022 to approximately RMB59,600 thousand in 2023, and the basic loss per share decreased from RMB43.7 in 2022 to RMB38.7 in 2023. The main source of revenue is marble ore sales, but sales declined due to lower than expected Chinese economic growth, weak global demand and the liquidity crisis in China's real estate industry. In addition, the company will launch an online restaurant business in 2023 and will be involved in the aftermarket business. The company's total equity decreased from approximately RMB201,201 thousand in 2022 to approximately RMB150,901 thousand in 2023. The company said it will continue to explore new business opportunities in the future and seek overseas expansion opportunities.