On May 24, Ge Longhui Investment Holdings (06182.HK) announced that for the year ended March 31, 2024, the Group expects to record a comprehensive net loss of about HK$30 million to HK$37 million this year, while the corresponding year of 2023 recorded a net comprehensive loss of about HK$23.2 million.

The Board believes that the anticipated increase in losses is mainly due to (i) the following factors: (i) a reduction in contract amounts for projects awarded in previous years, which led to a significant reduction in the Group's revenue in the current year; and (ii) delays in the progress of certain supply and installation projects.