On May 24, GLONGHUI (00637.HK) announced that for the year ended March 31, 2024, the company's total revenue was approximately HK$1.7 billion, a year-on-year decrease of 22.9%. The Group's total tonnage sales in the fiscal year reached approximately 76,800 tons, down 4.0% from 80,000 tons in the comparison period, reflecting weak demand.

The Group recorded a loss attributable to the equity shareholders of the company of approximately HK$49.7 million in the financial year, while a loss of HK$44.4 million was recorded during the comparison period. The losses recorded were mainly due to reduced earnings and falling metal prices, but were partially offset by the company's efforts to diversify products and services.