Zhitong Financial APP News, Xingkai Holdings (01166) announced its results for the year ended June 30, 2022, with an income of HK $471.5 million, an increase of 8.9% over the same period last year; a loss of HK $102 million attributable to shareholders and a profit of HK $156 million in the same period last year. The basic loss per share is HK $0.043.

In terms of business, the turnover of wires and cables was about HK $300 million, an increase of 7.6% over the same period last year, accounting for 63.7% of the group's total turnover; the turnover of Tongxing business was about HK $158 million, an increase of 12.5% over the same period last year, accounting for 33.5% of the group's total turnover; the turnover of rent collection business was about HK $13.436 million, down 2.3% from the same period last year, accounting for 2.8% of the group's total turnover; other businesses had no business during the year under review.

In addition, the first phase of the construction of the group's modern plant in Dongguan will be completed in the coming year. The directors expect that the newly built plant will bring new revenue to the Group in the coming year. At the same time, the Group regularly reviews the existing land resource allocation and development strategies with a view to increasing the Group's revenue and shareholders' returns.