According to the Zhitong Finance App, Zhongtian Shunlian (00994) announced results for the year ended December 31, 2023, with revenue of HK$346 million, up 62.1% year on year; loss attributable to company owners was HK$21.6 million, narrowing 75.3% year on year; basic loss per share was HK2.83 cents.

The Group's gross margin fell by about 7.1% in 2022 to about 6.0% in 2023. The decline in gross margin was mainly due to changes in the revenue mix. Compared to the renewable energy business, the e-commerce business contributes a higher gross margin. However, despite the increase in the absolute amount of e-commerce business, its share of total revenue declined.