Chinlink International (00997) released its annual performance as of March 31, 2024, with a total revenue of HKD 97,278,000, a year-on-year decrease of 18.1%. The company's net loss attributable to owners expanded by 0.8%, reaching HKD 382 million, and the basic loss per share was 32.65 HK cents.
Chinlink International (00997) released its annual performance as of March 31, 2024, with a total revenue of HKD 97,278,000, a year-on-year decrease of 18.1%. The company's net loss attributable to owners expanded by 0.8%, reaching HKD 382 million, and the basic loss per share was 32.65 HK cents.
This year's gross profit decreased to HKD 70.8 million, a decrease of 21.5% year-on-year. The gross margin fell from 75.9% last year to 72.8%. The decrease in revenue and gross profit was mainly due to the decline in revenue from financing guarantees and other financing services (due to a decrease in interest rates and service fees charged to customers), the decrease in revenue from property investment business due to the sale of Chinlink International Centre, and the depreciation of the renminbi against the Hong Kong dollar this year.