Sino Splendid’s revenue drops 36% in 2023

Hong Kong, 26th March: Hong Kong-listed Sino Splendid (formerly China.com) has announced its results for the financial year ended 31st December 2023. The company reported revenues of US$5.4 million in the year, down 36% compared with the figure in 2022. The company’s loss also increased from US$5.5 million in 2022 to US$6.3 million in 2023.

More than 90% of Sino Splendid’s revenues were generated from its financial magazines and other media services, amounting to US$4.9 million, down 18% year-on-year. While its travel media business dropped 84% year-on-year, down to just over US$300,000.