Zitong Financial App News, Maoji Kwai Chung (01716) released results for the year ended March 31, 2022, the group achieved a profit of HK $67.775 million, an increase of 14.66% over the same period last year, while the company's owners had a loss of HK $16.325 million, compared with a profit of HK $9.343 million in the same period last year.

In the current year, the conversion of profit before income tax to loss before income tax is mainly due to the combined effects of the following: limited by the commitment made by Mr. Yao and Mr. Lu to Mr. Xu for the sale of Blackpaper Limited shares to Mr. Xu this year, the company is required to transfer the share incentive to selected employees at a cost of about HK $7 million. The Group received a subsidy of approximately HK $5.3 million under the Employment Protection Scheme of the Government of the Hong Kong Special Administrative region for the year ended 31 March 2021, and the Group did not receive any such subsidy during the year; administrative expenses on e-commerce business increased by approximately HK $4.1 million; profits attributable to associates decreased by approximately HK $2.5 million; revenue from digital media services decreased by approximately HK $4.7 million and gross profit margin decreased.