China Env Energy (00986.HK) announced that as of the fiscal year ending March 31, 2024, the Group's revenue was approximately HKD 66,050,000, a year-on-year decrease of approximately 3.53%. The loss for this fiscal year was approximately HKD 18,510,000 (2023: loss of HKD 14,460,000).

The increase in loss is mainly due to (a) expected credit losses of approximately HKD 30,720,000 for receivables and interest, and accounts receivable, compared to HKD 21,820,000 for the previous year; and (b) reduction in sales revenue from jewelry design and marketing, offset by reduction in employee costs in sales and distribution expenses.