Gelonghui June 30th 丨Jianyi Group (00638.HK) announced that for the year ended March 31, 2023, achieved revenue of HK$1.21 billion, a year-on-year decrease of 47.78%; gross profit before impairment of HK$127 million, a year-on-year decrease of 48.41%; corporate equity holders should account for a loss of HK$294 million; the company's equity holders should account for HK$56.858 million in profit for the same period last year; a basic loss of HK$67.01 cents per share.

The announcement stated that in order to cope with the impact of the decline in classification orders in the overall manufacturing business, the Group quickly streamlined its operations to maintain operational efficiency and profit margins. In the current year, the overall gross profit before depreciation decreased by 48.4% year-on-year to HK$127 million. Despite the decrease in turnover, gross margin still hovered around 10.5% (FY2022:10.6%). This was due to a combination of improved cost control this year, the loss of an important but less profitable customer in the past, and the depreciation of the RMB against the US dollar.