Glonghui, May 9 | Retail auto finance and leasing service provider Xibeng Group (2473.HK) rose more than 7% to HK$3.1, hitting a nearly two-month high. Xishangfeng Group recently disclosed its 2023 annual results. During the reporting period, it achieved revenue of 1,304 billion yuan, an increase of 14.3%; gross profit of 419 million yuan, an increase of 11.9%; and profit attributable to company owners of 110 million yuan, an increase of 39.7% over the previous year. During the period, the Group increased sales and marketing efforts and opened new self-operated sales outlets to develop the Group's business and increase the Group's profits. Furthermore, the Passenger Transport Federation said that according to preliminary statistics, the passenger car market retailed 1.585 million vehicles from April 1 to 30; since this year, 6.417 million vehicles have been sold, an increase of 9% over the previous year.