According to the Zhitong Finance App, Hengdu Group (00725) announced the results for the year ended December 31, 2023. The group achieved revenue of HK$304 million, a decrease of 0.65% year on year; profit attributable to the company's shareholders was HK$15.746 million, a decrease of 14.93% year on year; profit per share was 7.9 HK cents.

Despite lower financial expenses, the slight decline in net profit margin was mainly due to higher administrative expenses during the year and increased inventory provisions and other operating expenses for the year ended 31 December 2023.