According to the Zhitong Finance App, Hengzhi Holdings (08405) announced the results for the year ended December 31, 2023, with revenue of HK$211 million, up 9.41% year on year; profit of HK$26.204 million during the year, a decrease of 32.13% year on year; profit per share of HK5.85 cents; and proposed payment of HK$0.04 per share for final shares.

The announcement said that with the end of COVID-19, the Social Welfare Department's special allowance for nursing support services for service users entering residential care homes for the elderly to be quarantined was terminated in December 2022, leading to a decline in profit during the year.