Zibao Metals Recycling Holdings Plc reported audited earnings results for the year ended 31 March 2019. For the period, the company's revenue decreased by 58% from HKD 857.1 million to HKD 363.2 million due to significant trading difficulties faced by the Group with a fall in the price of recycled metals and new laws in China reducing the import of scrap metals, reducing the Group's access to inputs. From an after-tax profit in 2018 of HKD 1.8 million this has deteriorated to a loss of HKD 64.8 million in the current period. Basic and diluted loss per share was HKD 0.531 compared to basic earnings per share of HKD 0.014 a year ago.