Rare Metal Technology's revenue decreased, but magnesium product sales increased

According to the 2023 annual report of Ximei Technology, the company's revenue decreased by approximately HK$120,408,000, a decrease of 31.4%, compared with last year. Although the sales volume of magnesium products increased from 11,098 tons in 2022 to 12,300 tons in 2023, the revenue decreased due to the decrease in the average selling price of magnesium products.