According to the Zhitong Finance App, Xinyuan Wanheng Holdings (02326) announced results for the year ended March 31, 2023, with revenue of about HK$1,888 billion, an increase of about 6.2 times over the previous year; company owners should account for a profit of HK$1,842 million, a loss of HK$5.452 million for the same period in 2022; profit of HK$0.009 cents per share.

The announcement stated that turning losses into profits was mainly due to stable sales responses from procurement and sale of metal minerals and related industrial raw materials.