SUN HING VISION announces annual performance: a net loss of HKD 28.365 million, narrowed by 7.18% year-on-year. Special dividend at the end of the period is HKD 0.015 per share

SUN HING VISION announced its annual performance for the year ending March 31, 2024, with revenue of approximately HKD 702 million, a year-on-year decrease of 0.36%; a net loss of HKD 28.365 million, a year-on-year narrowing of 7.18%; a loss per share of 10.79 HK cents, with a special dividend of 1.5 HK cents per ordinary share. Among them, the revenue of the ODM business decreased by 6.53% to HKD 515 million, accounting for 73.36% of the group's total comprehensive revenue. The revenue of the branded eyewear distribution business increased by 22.52% to HKD 185 million, accounting for 26.35% of the group's total comprehensive revenue. The decline in revenue was mainly due to high inflation and interest rates throughout the year, as well as geopolitical armed conflicts leading to weakened consumer confidence and purchasing power in Europe and the United States. Benefiting from the continuous economic rebound driven by the relaxation of social and travel restrictions in several Asian countries (especially mainland China) since the end of 2022 or early 2023