According to the Zhitong Finance App, Xinniu Technology (09600) announced its annual results for the year ended December 31, 2023. The group achieved revenue of 245 million yuan (RMB, same below), a year-on-year decrease of 5.78%; loss attributable to company owners was 69.159 million yuan; profit attributable to company owners was 17.488 million yuan in the same period last year; basic loss per share was 8.79 points.

According to the announcement, in 2023, the group achieved revenue of 245 million yuan, mainly from IT solution service business, a decrease of 5.8% compared to 261 million yuan in 2022. The main reason for the Group's revenue decline in 2023 was a sharp decline in technology and maintenance service revenue and sales standard software revenue.