According to the Zhitong Finance App, Wanshun Group Holdings (01746) announced its annual results for the year ended December 31, 2023. The group achieved revenue of HK$153 million during the period, an increase of 22.27% over the previous year; profit attributable to shareholders was HK$680,000, an increase of 185.71% over the previous year; and the basic profit per share was HK0.07 cents.

According to the announcement, the Group's gross margin decreased from about 15.0% in 2022 to about 12.6% during the period. The decline in gross margin was mainly due to additional storage costs and lower profit margins for HVAC systems procurement projects.