According to the Zhitong Finance App, Xinhua Communications Media (00309) announced the results for the year ended March 31, 2023. The group obtained revenue of HK$274 million, a decrease of 1% over the previous year; the company owners should account for losses of HK$176.71 million, an increase of 6.13% over the previous year; loss of HK$0.0096 per share.

According to the announcement, the slight decline in revenue was mainly due to the expiration of many contracts during the year and the previous year without repetition, but was offset by the Group's successful acquisition of a number of new cleaning contracts during the year. In particular, the company successfully obtained a service contract for one of the largest restaurants in Hong Kong.