Summary by Futu AI
Huasheng Intl announced the performance of the fiscal year ended March 31, 2024. The report shows that the company's operating income continued to decline by 14.3% to about HKD 566 million, and gross profit decreased by 18.9% to about HKD 155 million. The company's owners have a loss of about HKD 31.4 million for the year. Concrete business is the main source of revenue, but the income has decreased due to the decrease in market demand. Lending business has also recorded a decrease in income. The company conducted stock placements and rights issues during the reporting period to strengthen its financial position. The board of directors did not propose any dividend distribution. The company will continue to closely monitor the market environment and explore new business opportunities. There were no significant events after the reporting period.