According to the Zhitong Finance App, Rongfeng Group Asia (08526) announced its results for the year ending December 31, 2022. The group achieved revenue of HK$184 million, an increase of 5.26% over the previous year; a loss of HK$11.199 million during the year, a decrease of 48.68% over the previous year; and a loss of HK6.9 cents per share.

The reduction in losses during the relevant period was mainly due to an increase in profit margins due to increased revenue from projects in Macau, China, which generally generate higher gross margins; and confirmation of one-off COVID-19 relief and subsidies from the Hong Kong and Macau governments of Hong Kong, China, and Macau, China, about HK$5.6 million. In the relevant period, the company's business revenue in Hong Kong, China and Macau, China accounted for about 78.6% (2021: about 93.3%) and 21.4% (2021: about 6.7%) of the company's total revenue, respectively.