Ev Dynamics (00476) released its annual results for the year ending March 31, 2024, with a revenue of HKD 4223.9 million, a YoY growth of 16.2%. The company's net loss attributable to owners increased by 293.5% YoY to HKD 319 million, with a basic loss per share of HKD 0.34. The main reason for the increased loss during the period was due to the impairment loss on Guangxi mining assets, which increased to approximately HKD 170.6 million (HKD 96.4 million in 2023); and the realized loss on financial assets recognized as fair value negative changes and sold at fair value included in the income statement, which amounted to approximately HKD 72.1 million in the year (fair value positive changes of approximately HKD 87.7 million in 2023).
According to the news app Zhitong Finance, EV Dynamics (00476) released its annual results for the year ending March 31, 2024, with a revenue of HKD 4223.9 million, a YoY growth of 16.2%. The company's net loss attributable to owners increased by 293.5% YoY to HKD 319 million, with a basic loss per share of HKD 0.34.
The increase in losses during the period was mainly due to: the increase in impairment losses on Guangxi mining assets to approximately HKD 170.6 million (HKD 96.4 million in 2023); and the realized loss of approximately HKD 72.1 million on financial assets recognized as fair value negative changes and sold at fair value, which was included in the income statement (fair value positive changes of approximately HKD 87.7 million in 2023).