According to the Zhitong Finance App, Cantelon (01912) announced annual results for the year ended December 31, 2023. The group achieved US$663.16 million during the period, a year-on-year decrease of 45.51%; loss attributable to shareholders was US$9.749 million, an increase of 515.47% over the previous year; and the basic loss per share was 0.89 US cents.

According to the announcement, the decline in revenue was mainly due to a combination of weak consumer demand and a downward cycle experienced by the semiconductor industry.