Jiyi Holdings Faces Increased Annual Losses

Jiyi Holdings Limited (HK:1495) has released an update.

Jiyi Holdings Limited has reported a significant increase in revenue from RMB 559,763,000 in FY2022 to RMB 629,482,000 in FY2023. However, the company faced a substantial loss for the year ended December 31, 2023, with RMB 498,580,000 compared to a loss of RMB 39,916,000 the previous year, primarily due to high impairment losses and provisions for litigation and legal expenses.

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