Summary by Futu AI
FIT Hon Teng Limited has released its 2023 report, which shows that the company's revenue fell from $45.31 billion in 2022 to $41.96 billion for the fiscal year ended December 31, 2023. Despite the drop in revenue, the company's gross profit rose to $8.7 billion from $7.68 billion in 2022. However, operating profit fell from $3.07 million to $2.63 million, and profit attributable to shareholders also fell from $1.70 million to $1.29 million. The company's total assets increased from $45.47 million in 2022 to $5094 billion, total equity increased from $23.47 million to $24.37 million, and total liabilities rose from $22.6 billion to $26.56 million. The Company has decided not to distribute dividends for the year ending December 31, 2023. The audit noted that due to the significant reputation balance and high estimation uncertainty, the valuation of goodwill is...Show More