On June 18, Gelunhui announced that Yangtzekiang's (00294.HK) group revenue for the 2023/24 fiscal year was HK $234,302,000 (2022/23: HK $365,761,000), with an overall loss of HK $48,172,000 (2022/23: loss of HK $23,249,000). The board of directors proposed to distribute a final dividend of 2 Hong Kong cents per ordinary share in 2023 (2 Hong Kong cents).
Despite the significant overall losses, the group still maintains a small operational surplus. However, this operational surplus is primarily due to substantial interest income generated by the company's solid cash position. The confirmation of losses from Wuxi Yimian Investment Co., Ltd., a Chinese joint venture, and the revaluation of investment properties located on Dayou Street were the main reasons for the group's overall loss. However, these losses had no impact on the group's cash position.