Summary by Futu AI
Kingkey Fin Int (Holdings) Limited announced its annual performance for the year ending March 31, 2024, with revenue slightly decreased to about HKD 330,400,000. The company is facing multiple challenges, including legal litigation, business restructuring, and deteriorating operating environment. The gross margin decreased from 37.0% to 28.5%, with an annual loss of about HKD 687,400,000, which was reduced from the loss of the previous fiscal year. The company did not distribute final dividends during the reporting period and continued to strengthen corporate governance and risk management. Mr. Ni Zixuan, the corporate secretary, ensured the company's compliance with relevant regulations, and the audit committee reviewed the annual performance. The company's shares were issued after the reporting period to raise funds for debt repayment and business support.