According to the Zhitong Finance App, Baide International (02668) announced the results for the year ended December 31, 2023. The group achieved revenue of HK$422 million during the period, a year-on-year decrease of 41.85%; losses attributable to shareholders amounted to HK$202 million, an increase of 1314.87% over the previous year; and a basic loss of HK5.09 cents per share.

According to the announcement, the decrease in revenue was mainly due to a decrease of HK$298.3 million in revenue generated by the supply chain business, compared to HK$632.2 million in 2022.