On June 24th, Guolonghui reported that Huabang Tech (03638.HK) recorded a total revenue of approximately HKD 357,111,000 for the year ending March 31, 2024, a decrease of approximately 21.8% from the same period last year, while the overall gross profit was approximately HKD 14,204,000, an increase of approximately 140.4% from the same period last year. The group recorded a net profit attributable to owners of approximately HKD 14,759,000 for the year, compared to a net loss attributable to owners of approximately HKD 127,605,000 for last year. This was mainly due to the increase in overall gross profit, the reduction of credit losses for accounts receivable, the reversal of expected credit losses for loans, and the absence of goodwill impairment loss in this year's financial statements.