The income of Hong Kongs West Kowloon Cultural District increased by more than f

The Hong Kong West Kowloon Cultural District Administration announced that the annual operating income of 2022-23 fiscal revenue increased by more than four times year-on-year to HK $ 553 million (the same below, about 96.51 million yuan).

According to the Hong Kong News Agency, the Administration of Administration of Administration on Monday (October 30) was announced that the latest financial raising income of the latest fiscal year increased by more than six times year -on -year to HK $ 197 million.The Authority continued to implement rigorous cost management and revenue growth strategies. The basic operation deficit was HK $ 718 million, which was a significant decrease of 50%compared with the implementation of the tightening measures in 2021.

In the first 10 months of the latest fiscal year, the West Kowloon Cultural District was restricted by the epidemic and social distance measures, and still recorded more than 2.6 million visitors; in July 2022, the Hong Kong Forbidden City Culture, which was open to the public,The museum also recorded nearly 1 million visitors.M+and the Cultural Museum of the Hong Kong Palace Museum cost 46%and 44%, respectively.

The Administration said that as a self -made profit and loss cultural institution, the long -term financial strategy of the Administration of Administration is through the income brought about by hotels, offices, and residential development projects to support the operation of cultural and artistic facilities.However, due to various reasons, cultural and artistic facilities have been put into operation one after another, and most of the commercial facilities that can create income still take it for a while before they are in place.

The Administration of Administration held a net cash of Hong Kong dollars on March 31.According to the latest estimates, cash flow will be exhausted in March 2025.Due to the severe financial situation, the Authority had submitted proposal to the SAR Government earlier this year to propose suggestions for revising the development strategies of hotels, offices, and residential parts.