Gelonghui July 27th 丨CEC International (00759.HK) announced that for the year ended April 30, 2023, the company's revenue was HK$1,692 million, a year-on-year decrease of 15.76%; the company's shareholders' earnings during the period were HK$495.65 million, up 24.27% year on year; basic profit per share was HK$7.44 cents, with proposed final interest of HK1.00 cents per share.

During the reporting period, the Group's two main businesses recorded declines. The annual retail business recorded segment revenue of HK$1,628 million (2022: HK$1,922 million), accounting for about 96.2% (2022:95.7%). The revenue of the electronic components manufacturing business segment was HK$62,926 million (2022: HK$85.735 million), accounting for about 3.7% of total revenue (2022:4.3%).

Although annual earnings recorded some declines, management continued to improve and adjust business processes and actively control costs and expenses in an effort to maintain the Group's profitability.