Anning Holdings (00128) announced results for the year ended December 31, 2023, and the group obtained revenue of 1...
According to the Zhitong Finance App, Anning Holdings (00128) announced the results for the year ended December 31, 2023. The group obtained revenue of HK$121 million, an increase of 28.02% year on year; loss due to company holders was HK$1977,000, a decrease of 86.89% year on year; basic loss per share was HK 1.2 cents.
Achieving the Group's revenue growth was due to an improved trade environment in 2023. As Hong Kong, China lifted COVID-19 anti-epidemic measures and fully reopened its borders to inbound travelers in early 2023, tourists and mainland Chinese cross-border shoppers returned to Hong Kong to benefit from the retail fashion and accessories business, while local customers gradually resumed their pre-pandemic shopping habits. With the cancellation of social distancing requirements, weddings and group gatherings are being held regularly, and some resort centers and clubs have increased their revenue compared to 2022 due to snobbish guidance. However, since 2023 did not maintain the momentum of recovery after the COVID-19 pandemic, the number of visitors fell short of market expectations, and more locals chose to travel abroad, causing consumption and traffic at the company's retail stores and clubs to remain weak in 2023.