Zhitong Financial App News, Jinsheng Group Holdings (01581) announced its results for the year ended March 31, 2023. The group earned HK $511 million in revenue, down 1% from the same period last year. The company's owners had a loss of HK $21.959 million, compared with a profit of HK $12.131 million in the same period last year.

The change from profit to loss in the year is mainly due to an increase in depreciation costs of property, plant and equipment, an increase in financing costs and an increase in provisions for losses in trade receivables.