Xinyang Maojian Group Reports Annual Financial Loss

Xinyang Maojian Group (HK:0362) has released an update.

Xinyang Maojian Group has reported consolidated annual results for the fiscal year ending June 30, 2024, revealing a loss from continuing operations at HK$170,219,000 compared to the previous year’s HK$186,533,000. The company experienced a decreased revenue of HK$31,562,000 from last year’s HK$100,847,000, and despite reducing administrative and finance costs, the overall loss for the year was significant. These results highlight challenges faced by the group in improving its financial performance.

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