According to the Zhitong Finance App, Xingkai Holdings (01166) released unaudited interim results for the six months ending December 31, 2022. The group achieved a turnover of HK$195 million during the period, a decrease of 27.45% over the previous year; loss attributable to shareholders was HK$109.12 million, and shareholders' profit for the same period last year was HK$467.41 million, which turned profit into loss over the previous year; the basic loss per share was HK0.46 cents.

According to the announcement, the Group's wire and cable business had a turnover of about HK$110 million during the review period, a 35.2% decrease from about HK$170 million in the same period last year. The main customers were manufacturers that mainly produced white household appliances. During the review period, the social and economic impact of the ongoing severe domestic epidemic prevention measures and the Russian-Ukrainian war in Europe gradually surfaced, and demand for home appliances declined as a result. The Group's logistics and plant operations were also seriously affected by the epidemic prevention measures, causing the Group's wire and cable business to decline during the review period.