Gelonghui June 30th 丨Yutian China (00313.HK) announced that for the year ended March 31, 2023, the company's revenue was HK$51.708 million, a year-on-year decrease of 91.89%; the company's shareholders' earnings during the period were HK$1,422 million, and losses for the same period last year were HK$399 million; basic earnings per share were HK$6.09 cents.

The decrease in earnings was mainly due to the delivery of a large number of properties in the Yinchuan project to buyers in the corresponding year. Management fee revenue for the year was approximately HK$5.86 million, a decrease of 60.7% from the corresponding year of approximately HK$14.923 million. Rental income for the year was approximately HK$10.65 million, a decrease of 65.9% from the corresponding year of approximately HK$31.2225 million.

During the year, the Group recorded a loss of approximately HK$3.443 million in investment property revaluation, a decrease of 78.6% from the corresponding year of approximately HK$16.098 million.

The financing expenses for the year were approximately HK$51.943 million, a decrease of 84.4% from the corresponding year's approximately HK$333 million, due to the sale of interest banks and other sales groups with outstanding loans of approximately HK$1.5 billion on March 31, 2022.