"Performance" GLOBAL BIO-CHEM's annual net profit of 156 million yuan fell by 79.7%, independent auditor issued an opinion

GLOBAL BIO-CHEM (00809.HK) announced its full-year results for the year ended last December, with a revenue of HKD 2.279 billion, an increase of 13.9% year-on-year. The net profit was HKD 156 million, a decrease of 79.7% year-on-year; earnings per share were HKD 0.014. No dividend was declared.

The independent auditor expressed an opinion, stating that the group's net current liabilities and net liabilities were approximately HKD 2.3255 billion and HKD 518.5 million, respectively. These circumstances and other matters disclosed in the notes to the consolidated financial statements indicate significant uncertainty, which may raise substantial doubts about the group's ability to continue as a going concern, and therefore it may not be able to realize its assets and settle its debts in the normal course of business