The Zhitong Finance App learned that Xinbang Holdings (01571) rose more than 8% and rose 8.5% at press time to HK$3.19, with a turnover of HK$4.14 million.
According to the news, the company announced annual results for the year ended December 31, 2023. The group obtained revenue of 3.103 billion yuan (RMB, same below), an increase of 7.6% over the previous year; profit attributable to the company's owners was 607 million yuan, an increase of 40.8% over the previous year; basic profit per share was 61 points; and a final dividend of 25 Hong Kong cents per share was proposed. According to the announcement, factors such as the epidemic, supply chain disruptions, semiconductor shortages, and price increases began to subside in 2023, and the business of original equipment manufacturers and suppliers began to resume. Xinbang's sales reached a record high of 3.103 billion yuan in fiscal year 2023, indicating that consumer demand for automobiles continues to grow. In terms of revenue in the North American market, this increase in sales was particularly significant.