Gelonghui, Feb. 28 | Xingkai Holdings (01166.HK) announced that for the six months ended December 31, 2023, the Group recorded a total turnover of about HK$568 million, an increase of about 191.7% over the same period last year. During the period under review, losses attributable to company owners were approximately HK$587.57 million, while losses attributable to company owners were approximately HK$10.912 million in the same period last year. The loss per share for the period under review was approximately HK2.47 cents (mid-2022/2023 loss per share: HK0.46 cents). The Board of Directors resolved not to pay any interim dividend for the six months ended 31 December 2023 (mid-term 31 December 2022: none).

The Group's wire and cable business had a turnover of approximately HK$116,998,000 during the review period, an increase of about 6.4% over the same period last year of approximately HK$109,912,000. The main customers were manufacturers mainly producing white goods. During the review period, benefiting from the continued stabilization of the domestic economy and the slowdown in the war between Europe, Russia and Ukraine, and social and economic recovery, demand for home appliances gradually picked up as a result, causing the Group's wire and cable business to rise during the review period.