Huasheng International Faces Financial Downturn

Huasheng International Holding Limited (HK:1323) has released an update.

Huasheng International Holding Limited reported a challenging fiscal year, with a 14.3% drop in revenue to HK$565.9 million and a decline in gross profit by 18.9% to HK$154.5 million. The company also experienced a contraction in gross profit margin and posted a loss of HK$31.4 million for the year ended March 31, 2024. This financial downturn is reflected in a loss per share of HK6.21 cents, indicating a tough period for the company and its shareholders.

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