Da Sen Holdings Group Ltd (HK:1580) has released an update.
Da Sen Holdings Group Ltd reported an 80.5% plunge in consolidated revenue to RMB11.6 million and a 5% increase in loss before tax to RMB54.3 million for the year ended 31 March 2024, with a basic loss per share of RMB5.76, resulting in no final dividend payment. The company’s main business, plywood products, formed a strategic alliance to broaden revenue streams, switching to high-margin endeavors, leading to a shift from a gross loss to a RMB10.5 million profit. Additionally, the company generated 26.7% of its total revenue from rental income by leasing out excess factory space and land.
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