According to the Zhitong Finance App, Huanke International (00657) announced the results for the year ended March 31, 2023. The company achieved comprehensive revenue of HK$45.2 million, a year-on-year decrease of about 60.6%; net loss of HK$21.6 million, an increase of 53.62%; and a loss of HK1.11 cents per share.

According to the announcement, the sharp increase in net loss was mainly due to the Group's use-rights assets and non-cash impairment losses of property, plant and equipment which increased by about HK$4.4 million and HK$2.7 million respectively.