On June 26th, Gelunhui announced that for the year ending on March 31, 2024, the group's revenue and net amount of fair value of investment losses included in the profit and loss account increased from approximately HK$22,313,000 in the previous year to approximately HK$45,975,000, an increase of approximately 106.05%. The increase was mainly due to the increase in revenue generated by the securities brokerage business and interest income generated by the lending business.
The group recorded a loss of approximately HK$30,679,000 for the reporting year, and a loss of approximately HK$58,855,000 in 2023. During the reporting year, the group's overall loss situation improved, mainly due to (i) the increase in revenue generated by licensed businesses; (ii) other income increased, mainly including bargaining purchase income from joint ventures and interest income from financial institutions; (iii) the expected credit loss of accounts receivable and trade receivables decreased; and (iv) the employee costs and financing costs in the reporting year have both decreased.