Zhitong Financial APP News, Shenwan Hongyuan Hong Kong (00218) issued an announcement that the Group expects an unaudited consolidated post-tax loss of HK $65 million to HK $75 million for the year ended June 30th, compared with a consolidated post-tax loss of HK $123 million in the same period last year.
Although under the influence of geopolitical tensions, tightening of global monetary policy and many other adverse factors, the global economy showed a downward trend in the first half of 2023 and Hong Kong's capital markets remained in the doldrums, the group's total income still increased compared with the same period in 2022, mainly due to an increase in interest and investment income over the same period in 2022. In addition, the Group has adopted a series of risk control measures and expected credit losses from debt products in the institutional services and trading business decreased in the first half of 2023 compared with the same period in 2022. The expected credit loss is not actually a loss. The business of the group is normal, and the overall financial and operating conditions are good.