On March 31, 2024, the final period of the financial year, Huasheng International Holdings (01323.HK) announced that the revenue from its continuing business operations decreased by about 14.3% to approximately HKD 565.9 million. Shareholders of the company are expected to have a loss of approximately HKD 31.4 million over the year. The basic and diluted losses per share from continuing and terminated operations were approximately 6.21 HK cents.

In the current year, revenue from the concrete business accounted for approximately 96.8% of the group's total revenue from continuing operations. The concrete business revenue of the group decreased by approximately HKD 85.8 million or 13.5% from the previous year to approximately HKD 547.8 million this year, mainly due to a decrease in sales in the second half of the year compared to the same period last year. Due to the easing of all COVID-19 restrictions in China in early February 2023 and business operations having just resumed, concrete demand significantly rebounded in the last quarter of the previous year, resulting in the company's sales being approximately 35% higher than in the same quarter of this year.