According to the Zhitong Finance App, Huicai Financial Investment (08018) announced its 2023 results, with revenue of about HK$52.36,000, a year-on-year decrease of about 14.0%. Net loss after tax was approximately HK$28.346 million, an increase of approximately 2.8% over the previous year. Basic and diluted loss per share was approximately HK16.58 cents.

According to the announcement, the decline in earnings was mainly due to a decrease in revenue from the Group's financial software solutions business, and due to major central banks implementing drastic monetary austerity measures and fluctuations in the Hong Kong stock market, which had an impact on global economic sentiment; and the decline in revenue from the lending business during the year. In view of the unstable financial market and economic environment in Hong Kong during the year, the Group took a more cautious approach when approving new loans, which led to a reduction in the number of new borrowers, and the Group's interest income from its self-lending business this year also declined accordingly.

The increase in loss amounts was mainly due to: the Group's gross profit for the year was reduced from about HK$409.78 million in 2022 to about HK$31.46,000; the net fair value gain from financial assets recorded at fair value in the current year increased from about HK$6.756 million net fair value loss in 2022 to about HK$1,965,000 in the current year; the increase in impairment loss provision for loans and interest receivable from about HK$749,000 in 2022 to approximately HK$7.707,000 in the current year; and those generated by the Group this year This is due to the net effect of reduced administrative expenses.