Zhitong Finance App News, *ST Xinlian (000620.SZ) released its 2023 annual report, with revenue of 3.875 billion yuan, a year-on-year decrease of 26.23%. Net profit attributable to shareholders of listed companies was 352 million yuan, turning a year-on-year loss into a profit. Net loss attributable to shareholders of listed companies after deducting non-recurring profit and loss was $2,992 billion. Basic earnings per share were $0.19.

The company grasped the opportunity for the full recovery of the cultural tourism industry and the market window of the real estate industry. At the same time, facing debt pressure and risk of delisting, the company applied to the court and completed the restructuring.