According to the Zhitong Finance App, Aoxing Life Technology (06118) disclosed its 2023 annual results. The group achieved revenue of 1,764 billion yuan (RMB, same below) during the reporting period, a year-on-year decrease of 18.23%. Gross profit of 336 million yuan, a year-on-year decrease of 31.25%. The owners of the company should have accounted for a loss of 113 million yuan during the year, changing from profit to loss over the same period last year. Loss of $0.22 per share.

During the reporting period, the group's order volume decreased by about 32.7% compared to 2022, due to a decrease in the number of projects and delays in project progress due to a slowdown in capital expenditure investment after recovering from the COVID-19 pandemic.