According to the Zhitong Finance App, Olefite Electric Vehicle New Materials (06128) announced the results for the year ended December 31, 2023. The group achieved revenue of HK$292 million during the period, a year-on-year decrease of 14.45%; shareholders' losses of HK$113 million, an increase of 62.45% over the previous year; and a basic loss of HK$14.8 per share.

According to the announcement, the revenue contributed by the graphene products segment fell 9% year on year to about HK$195 million during the period, accounting for 67% of the Group's total revenue. The decline in revenue was due to falling product prices and exchange rate factors.