Gelonghui June 27th 丨Xinyuan Wanheng Holdings (02326.HK) announced that for the year ended March 31, 2023, the company's revenue was HK$1,888 billion, up 620.10% year on year; the company's shareholders' earnings during the period were HK$1,842 million, and losses for the same period last year were HK$5.452 million; basic earnings per share were HK$0.009 cents.

To cope with the unfavorable economic situation and continued uncertainty about the economic outlook, the Group has been taking austerity measures to control operating costs and capital expenses in order to save sufficient resources and capital levels. The annual profit increased from a loss of about HK$5.437 million in the previous year to about HK$1,337 million, benefiting from a stable sales response from the procurement and sale of metals, minerals and related industrial raw materials.