According to the Zhitong Finance App, Shengyang Group (08163) announced the audited annual results for the year ended December 31, 2023. The group achieved continuous operating revenue of HK$18.938 million during the period, an increase of 4.34%; losses attributable to shareholders were HK$25.673 million, a year-on-year decrease of 7.72%; and a basic loss of HK$0.044 per share.

According to the announcement, the decrease in net loss was mainly due to a reduction in the Group's overall operating costs of around HK$2.2 million to maintain the Group's competitiveness.