Ding Yifeng Holdings Group International Limited announced audited consolidated financial results for the year ended 31 December 2023, showing that the Company and its subsidiaries had a net loss of approximately HK$310,932,000 for the year, a decrease of approximately 6.1% year-on-year. Revenues for the year came mainly from interest income from banks and financial institutions and generated net income through the sale/liquidation of subsidiaries of approximately HK$33,196,000. The Group's portfolio is diversified, including property development and management, construction engineering and environmental protection, finance, clean energy, and innovation and technology investments. Among them, the investment in securities of Hua Yin International Holdings Limited, Startup Group (Holdings) Limited and Huizhou Smart Technology Group Co., Ltd., exceeds 5% of the Group's total...Show More

Ding Yifeng Holdings Group International Limited announced audited consolidated financial results for the year ended 31 December 2023, showing that the Company and its subsidiaries had a net loss of approximately HK$310,932,000 for the year, a decrease of approximately 6.1% year-on-year. Revenues for the year came mainly from interest income from banks and financial institutions and generated net income through the sale/liquidation of subsidiaries of approximately HK$33,196,000. The Group's portfolio is diversified, including property development and management, construction engineering and environmental protection, finance, clean energy, and innovation and technology investments. Among them, the investment in securities of Hua Yin International Holdings Limited, Startup Group (Holdings) Limited and Huizhou Smart Technology Group Co., Ltd., exceeds 5% of the Group's total assets. In addition, the Company sold 82% shareholding in subsidiaries such as Sunshine Forever Limited, Bravo Fortune Limited and Energy Vitality Limited during the year and divested two subsidiaries in China. The Board of Directors does not propose the payment of a final dividend for the year ended 31 December 2023. Looking ahead, the Board will continue to target investment opportunities and manage portfolios to deliver optimal returns for shareholders and will adopt prudent strategies to manage the portfolio.