According to the Zhitong Finance App, Greater China Finance (00431) announced its 2023 results, achieving total revenue of HK$49.41 million, a year-on-year decrease of 75.53%; losses attributable to shareholders were HK$472 million, an increase of 44.84% year-on-year; and a basic loss of HK6.08 cents per share.

The decline in revenue and segment losses in FY2023 was mainly due to the decline in the exchange rate of RMB against the Hong Kong dollar and the deferral of payment of property tax for FY2022. In fiscal year 2023, the average occupancy rate of the Group's warehouses was 100%, mainly used to store small electric and non-electric power tools. In fiscal year 2023, the Group's warehouse business maintained a high occupancy rate due to the superior location of the warehouse and the maintenance of long-term cooperative relationships with customers. Group management expects the Group's warehouse occupancy rate to remain above 95% in 2024.