Gelonghui, March 25 | Enda Group Holdings (01480.HK) announced that the Group's turnover in 2023 was about HK$629 million, a decrease of about 15.4% from last year, mainly due to the slowdown in the global PCB market in 2023, which led to a corresponding decrease in customer sales orders. The Group recorded profit attributable to the company's ordinary equity holders of approximately HK$75.1 million in 2023, compared to approximately HK$94.3 million last year. The company's ordinary equity holders should have earned HK31.3 cents per share.

The Group has focused on the PCB business for more than 34 years. The accumulated experience and network are beneficial to the Group's development and adaptation in the PCB market. With the rapid development of urbanization in Shenzhen, the Shenzhen Pingshan District Government has also formulated strategic plans to support local development. In view of the increase in labor costs in Shenzhen, in order to maintain competitiveness and in line with future planned use changes in the current factory site of Enda Circuit (Shenzhen) Co., Ltd., the board of directors and professional consultants decided after joint research. In addition to retaining the Group's Chinese headquarters and R&D department in Pingshan District, Shenzhen, the group will gradually move mass production to a new base. The Group and an independent third party signed a cooperation agreement on the development of urban renewal projects in the current Pingshan factory area. Due to the weak real estate market in mainland China, the partners will not be able to implement the terms of the agreement on time. While actively seeking solutions, the Group will also consider developing opportunities to maximize the interests of shareholders from time to time.