According to the Zhitong Finance App, Yingxing Holdings (01440) announced annual results for the year ended December 31, 2023. The group achieved revenue of 317 million yuan (RMB, same below) during the period, an increase of 136.56% over the previous year; loss attributable to shareholders was RMB 10.91 million, an increase of 12.91% over the previous year; and the basic loss per share was 0.8 points.

The announcement said that after being baptized by the epidemic, market demand has shrunk. Coupled with various uncertain factors, it has further dampened the industry's recovery progress. In the face of a weak market, competition is even more intense. The Group's revenue from dyeing and finishing decreased by about 5.0% from about 56.1 million yuan for the year ended December 31, 2022 to about 53.3 million yuan during the reporting period, mainly due to a decrease in customer orders.