Summary by Moomoo AI
Hong Kong Technology Exploration Limited (Stock Code: 1137) announces its annual results for the year ended 31 December 2023. Despite the challenges of the economic recovery and investment in new exploration projects, the Group remained profitable, with total merchandise sales of HK$8,424 billion for the year, up slightly from last year. Net profit was HK$45,300 million, down significantly from last year. Adjusted earnings before interest, tax, depreciation and amortisation were HK$1,227 million. The balance sheet showed a solid performance with net cash and liquidity of HK$935 million. Total merchandise volume for Hong Kong e-commerce business orders remained stable at HK$8,292.9 billion. The new exploration and technology business achieved a total order transaction amount of HK$1,311 million, but generated an adjusted loss before...Show More