Summary by Futu AI
SHENG HUI CLEANING GROUP HOLDINGS LIMITED (“SHENG HUI CLEANING”) ANNOUNCES ITS ANNUAL RESULTS FOR THE YEAR ENDED 31 DECEMBER 2023. The report showed that the company's revenue increased from about RMB594.2 million in 2022 to about RMB630.2 million, an increase of about 6.1%. Gross profit decreased slightly from $94.4 million to $93.4 million, and gross profit decreased from 15.9% to 14.8%. The Company's profit and comprehensive income for the year decreased from $34.4 million to $27.9 million, and earnings per share decreased from RMB2.75 to RMB2.18 points. Total assets increased from $316.2 million to $440.4 million and total liabilities increased from $139.1 million to $141.5 million. The company was listed on the main board of the Hong Kong Stock Exchange Limited on 5 December 2023 and raised net sales of approximately HK$73.5 million through global sales. Hughian Cleaning primarily provides cleaning and maintenance services in China and plans to grow its business through expansion and potential acquisitions. The Company's management stated that the updated or revised accounting guidelines and interpretations are not expected to have a material impact on the Group's financial performance and condition.