According to the Zhitong Finance App, Accor Holdings (03313) announced its 2023 results. Earnings were approximately RMB 77.5 million, a year-on-year decrease of 13.0%; losses attributable to company owners were approximately RMB 396 million, an increase of about 1.67 times over the previous year; and losses per share were 1.03 yuan.

According to the announcement, the increase in net losses was mainly due to a decrease of approximately RMB 11.6 million and RMB 5.2 million in revenue and revenue, respectively, and the cancellation of mining rights of approximately RMB 282 million (2022: none), offset by a reduction of approximately RMB 5.3 million and RMB 3.7 million in administrative expenses and financial costs, respectively, and a reduction in total impairment losses of approximately RMB 37.7 million in mining rights and other asset classes.