According to the Zhitong Finance App, Hang Seng Photonics (01134) announced the results for the year ended December 31, 2023. The group achieved revenue of HK$393 million, a decrease of 15.5% year on year; profit attributable to company owners was HK$1.388 million, a decrease of 84.89% year on year; profit per share was HK 0.28 cents.

According to the announcement, the decline in earnings was mainly due to a decrease in export sales of eyeglass frames and sunglasses due to a drop in orders and average sales prices for eyewear products.