Gelonghui August 24?Tibet Water Resources (01115.HK) announced that it is expected that the Group will record a loss attributable to the owner of the company for the six months ended June 30, 2023, not exceeding approximately RMB 14 million, compared with a profit attributable to the owner of the company for the same period in 2022 of approximately RMB 7 million.
The expected loss is mainly due to the decline in sales and revenue of the beer business segment by about 25% and 20% respectively compared with the same period in 2022, especially the significant decrease in the sales of beer cooperative products in the first half of 2023 compared with the same period in 2022, resulting in a decline in the overall sales and sales of the group's beer products in the first half of 2023.