According to the Zhitong Finance App, New Focus (00360) released its 2023 annual results, with revenue of about 555 million yuan, a year-on-year decrease of 6.13%; shareholders should have accounted for a loss of 87.32 million yuan, an increase of 80.03% over the previous year; and a loss of 0.51 points per share.

According to reports, the increase in losses is mainly due to an increase in anticipated credit loss provisions for trade receivables and other receivables.