According to the Zhitong Finance App, Buyang International (02457) announced annual results for the year ended December 31, 2023. The group achieved revenue of 367 million yuan (RMB, same below) during the period, a year-on-year decrease of 16.64%; profit attributable to shareholders was 41.34 million yuan, a year-on-year decrease of 23.47%; and basic profit per share was 0.04 yuan.

According to the announcement, the decline in earnings was mainly due to a decrease in revenue from the sale of aluminum alloy steam wheels in China.