According to the annual performance report ending on March 31, 2024 released by Da Sen Hldgs (01580), the group's revenue was RMB 11.611 million, a YoY decrease of 80.48%, and the loss attributable to shareholders was RMB 52.978 million, a YoY expansion of 4.29%, with a loss per share of 5.76 cents.
Due to fierce competition in the plywood industry, the plywood business only generated very meager or even no profits in the fiscal year of 2024. Therefore, the group intends to reduce the scale of its plywood business in the fiscal year of 2024.