Zhitong Financial APP News, Shanghai Zendai (00755) issued an announcement that it is expected that the loss attributable to the owner of the company in the six months ending June 30, 2023 (the reporting period) will be lower than that in the six months ended June 30, 2022 (the previous reporting period).
According to the announcement, the main reason for the expected decrease in losses attributable to company owners during the group reporting period is that administrative expenses and sales and marketing expenses during the reporting period decreased by about 50% and 35% respectively compared with the previous reporting period; and financing costs during the reporting period decreased by about 25% compared with the previous reporting period. As a result, the loss attributable to the company owner during the reporting period is expected to be approximately 50% lower than the loss attributable to the company owner during the previous reporting period.