As of March 31, 2024, in the financial year ending on that date, hk chaoshang gp (02322.HK) announced revenue of HKD 145 million, a 27.1% decrease compared to the same period last year; gross profit was HKD 32.667 million, a 1% decrease compared to the same period last year; the company's attributable loss to owners was HKD 87.432 million, compared to HKD 41.749 million attributable loss to owners in the same period last year; and basic loss per share was 2.12 HK cents.

The announcement stated that the increase in loss for the year was primarily due to the following net amounts of the impacts: (i) a total decrease of approximately HKD 5.6 million in administrative expenses and financing costs; (ii) a total net increase of approximately HKD 28.5 million in impairment losses on receivables and write-offs; (iii) an overall increase of approximately HKD 6.7 million in gains/losses on sale of investment trading and fair value changes; (iv) a total one-time loss of approximately HKD 16.4 million recorded from the sale of equity interests in joint ventures and the cancellation of subsidiary companies; and (v) a fair value gain of approximately HKD 11.8 million on other financial assets recognized in the previous year.