According to the Zhitong Finance App, China International (01355) announced that compared with the audited consolidated net loss of approximately HK$18.9 million for the year ended 31 December 2022, the Group expects to achieve a consolidated net loss of about HK$62.3 million for the year ended 31 December 2023, a significant increase of about HK$43.4 million or about 229.63% year-on-year. The increase in losses was mainly due to the impact of the following factors (i) provision for impairment of property, plant and equipment, leasehold assets and goodwill; (ii) increased provision for impairment losses on accounts receivable; and (iii) loss of fair value of financial assets that include profit and loss at fair value.