According to the Zhitong Finance App, Yuneng International (01298) announced that the Group's net loss for the year ended 31 December 2023 will be reduced by more than 40% compared to the net loss of HK$8.9 million for the year ended 31 December 2022.

According to the announcement, the significant reduction in net losses this year was mainly due to effective cost control, reduced sales and distribution expenses; and the return of financial asset impairment losses.