On June 26th, Gelonghui announced that its annual revenue for the year ending on March 31, 2024 increased by approximately 15.5% year-on-year to HKD 1.384 billion. The net loss attributable to the company's shareholders was approximately HKD 29.3 million, while the net loss for the year ending on March 31, 2023 was HKD 31.4 million. The basic loss per share for the year was 2.93 Hong Kong cents, while the basic loss per share for the year ending on March 31, 2023 was 3.14 Hong Kong cents. The board of directors does not recommend the payment of a year-end dividend for this year (2023: none).
The Group has always been committed to participating in AI-related businesses. The company has confidence in maintaining and strengthening partnerships with leading companies in the AI field. The expected cooperation will help the Group make good use of its cutting-edge AI technology, expand the company's product supply scope, and provide customers with transformative solutions. The company recognizes the growing demand for AI communication equipment, especially in data centers and HPC (high-performance computing) environments. To meet these demands, the company is increasing its investment to provide excellent performance, efficiency, and scalability.
