Yues International Holdings Group Limited has published its annual report and audited consolidated financial statements for the year ended 31 December 2023. The report showed that the Group engaged in major activities in China such as transportation, warehousing, in-plant logistics and customized services. In 2023, the Group recorded a loss of approximately RMB34,163,000. Its trade receivables are approximately RMB39,913,000 and loan and interest receivables are approximately RMB46,192,000. The total cash and cash equivalents of the Group are approximately RMB78,026,000. The main currency risk faced by the Group comes from USD, while the net risk comes from recognised assets and liabilities. The maximum credit risk exposure of the Group's financial assets is approximately RMB203,007,000. The Group's capital management objectives are to maintain adequate cash flow and...Show More

Yues International Holdings Group Limited has published its annual report and audited consolidated financial statements for the year ended 31 December 2023. The report showed that the Group engaged in major activities in China such as transportation, warehousing, in-plant logistics and customized services. In 2023, the Group recorded a loss of approximately RMB34,163,000. Its trade receivables are approximately RMB39,913,000 and loan and interest receivables are approximately RMB46,192,000. The total cash and cash equivalents of the Group are approximately RMB78,026,000. The main currency risk faced by the Group comes from USD, while the net risk comes from recognised assets and liabilities. The maximum credit risk exposure of the Group's financial assets is approximately RMB203,007,000. The Group's capital management objectives are to maintain adequate cash flow and ensure the availability of funds with a ratio of net debt to total capital as a debt-to-liability ratio. THE GROUP'S FINANCIAL ASSETS AND LIABILITIES ARE LISTED IN TIER 3 OF THE FAIR VALUE LEVEL TABLE, MEASURED AT FAIR VALUE. FINANCIAL ASSETS ARE APPROXIMATELY RMB4,580,000 AND FINANCIAL LIABILITIES ARE APPROXIMATELY RMB8,115,000. The Group assumes no significant risk of default on its financial assets as of December 31, 2023, with no provision for credit losses.