According to the Zhitong Finance App, Xinda Investment Holdings (01281) announced results for the year ended December 31, 2023. The Group's revenue was RMB 114 million (same unit), a year-on-year decrease of 41.59%; shareholders' losses amounted to RMB 18.179 million, a year-on-year narrowing of 94.07%; and a loss of 0.0122 yuan per share.
According to the announcement, the decline in earnings was mainly due to the decline in the Group's investment in the Baoding East Lake project during the reporting period compared to the same period last year.
