Summary by Moomoo AI
China Fusion announced its annual results on 31 December 2023. The report showed that the Group's revenue was approximately RMB1,542.3 billion, an increase of approximately 59.4% year-on-year; a gross loss of approximately RMB25.0 billion, an increase of about 204.9% year-on-year. The company's owners accounted for a loss of approximately RMB 79.7 billion, down approximately 71.2% from last year. As of the end of 2023, the Group's cash balance was approximately RMB246.2 billion and total loans were approximately RMB2,78.3 billion, a decrease of approximately RMB20.9 billion from the previous year. The Board does not recommend the payment of any final dividend. In addition, the Group completed the restructuring of its overseas debt and actively promoted its work on securing real estate, current assets and debt risk...Show More