On March 13, GLONGHUI | Vietnam Manufacturing, Processing and Export (00422.HK) announced that for the year ended December 31, 2023, the company's revenue was 105.1 million US dollars, a year-on-year decrease of 27.8 million US dollars, or 20.9%. In terms of domestic sales, due to the conservative purchasing power of Vietnamese consumers, product sales were affected, and revenue declined. However, in 2023, the Group offset part of the decline due to stable brand power and sales channels, and a slight increase in the Group's new products in the Vietnamese market. In terms of export sales, the Thai market experienced a decline in sales volume and revenue of the Group's high-priced Sukeda models; due to stagnant economic growth and weak consumer demand, the Group's sales development performance slowed down through weak consumer demand. Greece and New customers such as Dubai have mitigated the impact of declining sales caused by the Group's main export markets, Thailand and Malaysia. The Group recorded a net profit of 1.7 million US dollars for the year, an improvement of 1.9 million US dollars compared to the previous year's net loss of 0.2 million US dollars.