Zhitong Financial APP News, Tsuku Intelligence Technology (00726) issued an announcement that compared with the net profit attributable to the owners of the company for the six months ended June 30, 2022, the group is expected to achieve a net loss of about HK $100 million for the six months ended June 30, 2023.
The expected profit and loss for the six months ended June 30, 2023 is mainly attributable to (1) income from the sale of prefabricated building components and decoration and landscape services decreased by about 32% in the six months ended June 30, 2023 compared with the same period in 2022, and the gross profit margin from various business activities decreased due to the overall macroeconomic recession and increased credit risk in the real estate industry. (2) income from granting technical licenses decreased by about HK $41.9 million in the six months ended June 30, 2023 compared with the same period in 2022, due to the influence of the industry environment, the investment attitude towards prefabricated building parts factories has become more cautious; (3) the provision for bad debts increased in the six months ended June 30, 2023. And (4) compared with the same period in 2022, government subsidy revenue decreased by about HK $7.4 million in the six months ended June 30, 2023.