According to the Zhitong Finance App, Xinjie Technology (01063) announced results for the full year of 2022. The company achieved revenue of HK$128 million, a decrease of about 36.0% over the previous year; a loss of HK$57.35 million, a decrease of 2.5% over the previous year; and a loss of HK$3.74 per share.
According to the announcement, the Group's losses this year were mainly due to the anticipated credit loss provision of approximately HK$40.6 million for confirmed trade accounts receivable, other accounts receivable and loans receivable in 2022.