Summary by Moomoo AI
Lech International Holdings Group Limited announced its results for the year ended 31 December 2023 with revenues of approximately RMB133.9 million, down approximately 25.4% year-on-year. The annual loss was approximately RMB34.2 million and the basic loss per share was approximately RMB3.28 cents. Major businesses, including transportation, warehousing, in-plant logistics and custom services, are affected by reduced market demand and increased operating costs. In October 2023, the Company acquired a 60% stake in Zhongshan Hai HuiTech Logistics (Group) Co., Ltd., to enhance its market dominance and operational efficiency. The Board of Directors does not propose the payment of a dividend at the end of the year. The Company will continue to explore new business opportunities, including Chinese Pharma-related businesses, to achieve sustainable growth.