Jinshan Technology Industry (00040) released its annual results for the year ending March 31, 2024, with revenue of HKD 6.476 billion, a year-on-year decrease of 1.6%; the company's owners' loss was HKD 367 million, compared to a profit of HKD 36.93 million in the same period last year. Basic loss per share was 40.1 HK cents, with a proposed final dividend of 1.0 HK cents per share.

The group's revenue for the year decreased by 1.6% compared to the previous year, mainly due to a 1.7% or HKD 83 million decrease in battery business revenue. By region, it was mainly due to a sales decline in Europe and Asia.

The group's gross margin increased from 26.6% in the previous year to 28.5% in the current year. By continuously optimizing the product mix, implementing strict cost control measures, and further closely following and grasping the best level and timing of commodity procurement, the group has successfully improved its overall profit level.